According to IMARC Group’s latest report, titled “Food Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global food waste management market is expected to exhibit a CAGR of 6.2% during 2022-2027. Looking forward, IMARC Group expects the global food waste management market to continue its robust growth during the forecast period (2022-2027).
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Food waste management involves various activities that are important for disposing of food waste. It also includes the waste collection, treatment, prevention, recovery, transportation, and recycling with the use of several control procedures. Some of these disposal techniques include composting, landfills, and anaerobic digestion of the developed wastes that are being utilized across the commercial and residential segments. In addition, food waste management finds widespread applications in animal feed, fertilizers, biofuel, and power generation across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Food Waste Management Market Trends:
The escalating consumption of convenience meals by the masses has led to the generation of large volumes of garbage from hotels, restaurants, and fast-food joints, which is among the primary factors driving the food waste management market. Besides this, the launch of several policies by the government bodies for the introduction of efficient control solutions at residential and commercial levels to reduce the generation of garbage at the source and spread awareness regarding recycling, owing to the rising amount of meal rubbish being dumped in open landfills, is further augmenting the market growth. Moreover, various technological advancements, such as automated waste collections, novel sensor-based technology, and enzyme-based food management techniques, are also catalyzing the global market. Apart from this, the increasing usage of biomass waste for energy generation is acting as another significant growth-inducing factor. Furthermore, the emerging trend of industrialization and the elevating requirement for organic debris for the production of fertilizers and animal feeds are expected to bolster the food waste management market in the coming years.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Clean Harbors Inc.
- Covanta Holding Corporation
- FCC Environment (UK) Limited
- Hulsey Environmental Services Inc.
- Remondis SE and Co. KG
- Republic Services Inc.
- Stericycle Inc.
- Suez (Sofina)
- Veolia and Waste Management Inc.
Key Market Segmentation:
The report has categorized the market based on waste type, process, source and application.
Breakup by Waste Type:
- Dairy Products
- Fruits and Vegetables
- Fish and Sea Food
- Processed Food
Breakup by Process:
- Aerobic Digestion
- Anaerobic Digestion
Breakup by Source:
- Primary Food Producers
- Food Manufacturers
- Food Distributors and Suppliers
- Food Service Providers
- Municipalities and Households
Breakup by Application:
- Animal Feed
- Power Generation
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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