Global Food Waste Management Market by Waste Type (Dairy Products, Fruits & Vegetables) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global food waste management market was valued at USD 34.22 trillion. The market is expected to grow at a 5.4% compound annual growth rate (CAGR), between 2020 and 2027. This is due to rising concern about food waste worldwide. The growth is expected to be complemented by a growing consumer preference for exotic foods and new types of food, such as tropical fruits, premium coffee and imported food products. The development of new supply chains has resulted in an increase in food waste and increased trade between countries. This has resulted in strict regulations being put in place by government and food management bodies to increase market growth.

According to the FAO (Food and Agriculture Organization) of the United Nations reports, over a third of all food produced each year, or approximately 1.6 billion tonnes, is wasted or lost. FAO reports that food waste was responsible for 4.4 gigatons of CO2 (CO2) annual emissions, more than 8% of global anthropogenic GHGs.

Businesses that produce large amounts of food waste must report to their respective governments the volume, origin, as well as the disposal methods. This provides information to policymakers about the volume and origin of food waste. It also allows businesses to calculate their waste costs, encouraging waste reduction.

Various governments across the globe are participating in food waste management initiatives, such as Love Food Hate Waste (UK) and Stop Wasting Food (Danemark). The Think Eat Save global partnership between Messe Dusseldorf and FAO in support of UN Secretary-General's Zero Hunger Challenge, is also available. It aims to raise awareness about food waste management.

Waste Type Insights

The market leader in fruits and vegetables was 40.8%, owing to poor handling, storage and processing. Market growth will be influenced by a better waste management system for fresh fruits and vegetables in the food industry.

Due to consumers' inattention towards expiration dates, the cereals waste segment is expected to grow. Heavy wastage is caused by consumers' lack of knowledge about storage and preservation techniques for cereals. This will drive demand for waste management services in this sector over the forecast period.

From 2020 to 2027, the CAGR for dairy waste is 5.6%. This is due to spoilage from products stored at insanitary temperatures. In developing countries, there is not enough infrastructure to store cold milk products. This will increase the demand for these services.

According to the FAO, more than 45% worldwide fruits and vegetables are lost. Proper storage and transport techniques are responsible for more than 30% of all cereals being wasted. Market growth is expected to be driven by the fact that many countries have taken serious measures to preserve food products.

Process Insights

Market leader Anaerobic digestion accounted for 45% of global revenue share in 2019. This is because food waste treated with anaerobic digest has a lower amount of pathogens. It reduces the spread of diseases and odors, and promotes hygiene. This process allows for market growth by allowing the waste to be recovered in energy and nutrients.

Incineration/combustion technology can be used to dispose of all kinds of food waste. This saves time and money. The combustion/incineration process involves the burning of food waste to convert it into heat and ashes. It is also widely used in countries like Japan, Germany and Denmark to generate heat or electricity.

The forecast period sees aerobic digestion growing at 6.4% CAGR. This is because compost from this process can be used to fertilize crops with potassium, phosphorous and nitrogen. Aerobic digestion is much more cost-effective and therefore, it can be used in a variety of applications. Aerobic digestors speed up the natural process of decomposition and produce water, heat, carbon dioxide.

Food waste treatment also includes pyrolysis and liquefaction. The most common method of disposing of waste is landfill. This involves the transport of the waste to the dump site, then spreading it and compiling it with a bulldozer. It is prohibited in many countries because it can spread parasitic and gastrointestinal diseases to people who live near dumpsites or landfills.

Source Insights

The market was dominated by households and municipalities, which accounted for 43.8% global revenue share in 2019. The growing population and changes in lifestyles will increase food waste generation. Food waste can be caused by excessive shopping, poor food management, inadequate cooking skills, and improper storage.

Food distributors and suppliers saw an increase in waste due to the spoilage of meat and food due to climate changes, improper handling and non-availability proper storage facilities. Food waste is often generated by bulk packaging and unsold stock in supermarkets.

From 2020 to 2027, the CAGR for foodservice providers will be 4.4%. This is due to a variety of factors, including unskilled trimming and overstocking, expiration and spoilage, unidentified demands, inefficient production and overproduction by cafes, restaurants, street food vendors, hotels and cafes.

The distribution process is responsible for a large portion of the food waste. Food waste in the distribution of food from primary producers to consumers can be caused by poor storage facilities and the use of improper transport methods. Food waste is caused by human error and insufficient training for staff working in food processing units.

Application Insights

The market leader in animal feed was 52.9%, accounting for the global revenue share of 2019. You can either use food waste directly as animal feed, or you can render it and feed the animals without any additional cost. Animal feed application is more expensive than other food waste applications.

Anaerobic or composting food wastes produces digestate. This is rich in micro-organisms and micronutrients. Utilizing digestate as fertilizer helps farmers to manage soil and minimize the risk of contamination from synthetic fertilizers.

Due to fluctuating crude oil prices, and rising awareness regarding the use of renewable energies, the biofuel application segment will see a 6.6% CAGR between 2020-2027. Favorable regulation by the government towards biofuel applications will likely drive the use of food waste as biofuel.

Anaerobic digestion is used to convert food waste into energy. Because of its complexity and high cost, the utilization of food waste in power generation contributes less to the applications segment.

Regional Insights

Europe was the dominant market, accounting for 32.4% of global revenue in 2019. This is due to overproduction, poor food management, and neglect for food waste. EU member states play a key role in reducing food waste and investing in the proper disposal techniques to acquire Biogas as well as fertilizers from these processes.

Overproduction, market fluctuations, strict food-grading standards, and damage to food products are all factors that contribute to North American food waste. Governments are making serious efforts to obtain biofuel from food waste. This helps reduce the use of fossil fuels.

From 2020 to 2027, the Asia Pacific will see a 5.0% CAGR in food waste management. This is due to high food exports to North America and Europe, which increase food lost during transit. To reduce food waste, governments are increasing investments in cold chain logistics and farm productivity.

Slow market growth is likely to be caused by the lack of a regulatory framework for food waste management in Brazil and other Central American countries. Lack of cold chain technology, poor logistics conditions are expected to increase food waste.

Market Share Insights & Key Companies

The market's major players position themselves on the basis of the services they offer. This includes their depth of recycling, treatment and disposal capabilities, the ability to collect and transport food waste efficiently and the quality of the service. Market leaders are keen to expand their market leadership through innovation and expansion.

Market players engage in research and development to develop and improve food waste management methods to increase production and decrease contamination. For their daily food waste supply and to reduce procurement costs, companies focus on building long-lasting strategic relationships with municipalities, commercial and residential complexes. The following are some of the most prominent players in global food waste management.

• Veolia

• Suez

• Waste Management, Inc.

• Republic Services, Inc.

• Covanta Ltd.

• Stericycle, Inc.

Up Market Research published a new report titled “Food Waste Management Market research report which is segmented by Waste Type (Dairy Products, Fruits & Vegetables), By Players/Companies Suez, Stericycle Inc, Waste Management Inc, Covanta Ltd, Veolia, Republic Services Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Food Waste Management Market Report Segments:

The market is segmented by Waste Type (Dairy Products, Fruits & Vegetables).

Food Waste Management Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Food Waste Management Market

Overview of the regional outlook of the Food Waste Management Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Food Waste Management Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Food Waste Management Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Dairy Products

                2. Fruits & Vegetables

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Food Waste Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Food Waste Management Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.