The global Food Waste Management market size is expected to be worth around US$ 52.05 billion by 2028, according to a new report by Vision Research Reports.
The global Food Waste Management market size was valued at US$ 34.24 billion in 2020 and is anticipated to grow at a CAGR of 5.5% during forecast period 2021 to 2028.
Growth Factors
Stringent government regulations across various countries to control the amount of food waste generated and the adoption of proper waste disposal techniques are likely to drive market growth.
Rising demand for packaged and processed foods, owing to changing lifestyles coupled with the increased popularity of quick-service restaurants, is anticipated to complement growth. Growing food items related to trade between countries has led to an increase in the amount of food waste generated due to spoilage during transit, augmenting the service demand.
Growth in the food delivery business of ready-to-eat and pre-prepared food, managed through the e-commerce platform, has changed the way waste is produced. Similarly, packaging waste has witnessed growth in the past few years, whereas the quantity of food waste from households has reduced owing to the decline in residential cooking due to the rising number of working women.
Report Highlights
Fruits and vegetables led the market and accounted for 40.10% of the global revenue share in 2020, owing to a lack of proper handling, storage, and processing of the produce. Ease in waste management of fresh produce in the food management industry for the fruits and vegetable segment is expected to have a positive impact on market growth.
The waste generated by the dairy industry is expected to witness a CAGR of 5.8% from 2020 to 2027, owing to the spoilage of products due to unhygienic storage at inappropriate temperatures. The lack of infrastructure for cold storage for dairy products in developing economies is expected to augment the service demand.
Anaerobic digestion led the market and accounted for a 45% share of the global revenue share in 2020, as the food waste treated using anaerobic digestion has a lower number of pathogens and thus, restricts the spread of odor and diseases and promotes hygiene and sanitation. This process helps recover energy and nutrients from the waste, thus leading to market growth.
Combustion/ incineration technology is used for all types of food waste, saving the cost and time of waste segregation. The combustion/incineration process involves the burning of food waste to convert it into heat and ashes. Moreover, it is widely used in economies such as Japan, Germany, Denmark, and Sweden, to generate heat and electricity.
Aerobic digestion is anticipated to expand at a CAGR of 6.7% over the forecast period, as compost obtained from this process is used as fertilizers as it includes potassium, phosphorous, and nitrogen. It incurs significantly less cost, thus making it effective for usage. The aerobic digestors accelerate the natural processes of decomposition, thereby producing water, heat, and carbon dioxide.
Municipalities and households led the market and accounted for 43.10% of the global revenue share in 2020. Rapidly growing population and changing lifestyles are expected to boost the food waste generated from households. The causes of food waste in households include excessive shopping, food preparation in excess, improper food management, lack of cooking skills, and improper storage.
The waste produced by the foodservice providers is estimated to witness a CAGR of 4.6% from 2020 to 2027. This growth is attributed to various factors such as unskilled trimming, overstocking, expiration, spoilage, unidentified demand, inefficient production, and overproduction of food items by hotels, restaurants, street food vendors, and cafes.
Animal feed led the market and accounted for 52.11% of the global revenue share in 2020. Food waste can be directly used as animal feed or processed using a rendering technique and then fed to the livestock without additional costs. As the other types of food waste applications incur extra cost, the application of waste in animal feed is considerably higher.
Food waste undergoes composting or anaerobic digestion to produce digestate, rich in micro-organisms, micronutrients, carbon, and other nutrients such as potash, nitrogen, calcium, and sulfur, magnesium, and phosphate. The appropriate utilization of digestate as fertilizer aids farmers manage soil and reduce the contamination of land and water from the leaching of synthetic fertilizers.
The biofuel application segment is estimated to witness a CAGR of 6.8% from 2020 to 2027, on account of the varying crude oil prices and the rising awareness concerning the use of renewable energy. Favorable government regulation towards biofuel applications is expected to drive the application of food waste as biofuel.
Europe dominated the market and accounted for 32.6% share of global revenue in 2020, owing to excessive shopping, improper food management, overproduction, and negligence for food wasted. However, EU member states are involved in reducing food waste at source and investing in proper disposal techniques for acquiring and fertilizers from such processes.
The adoption of food waste management in the Asia Pacific is estimated to witness a CAGR of 5.03% from 2020 to 2027, owing to high exports of various food products to North American and European countries, thereby increasing food wasted during transit. Governments are investing in cold chain logistics and improving farm productivity to reduce the overall generation of food waste
Key Players
Veolia
Suez
Waste Management, Inc.
Republic Services, Inc.
Covanta Ltd.
Stericycle, Inc
Market Segmentation
Waste Type Outlook
Cereals
Dairy products
Fruits & Vegetables
Meat
Fish & Sea Food
Processed Food
Others
Process Outlook
Aerobic
Anaerobic
Combustion/Incineration
Others
Source Outlook
Primary Food Producers
Food Manufacturers
Food Distributors & Suppliers
Food Service Providers
Municipalities & Households
Application Outlook
Animal Feed
Fertilizers
Biofuel
Power Generation
Regional Outlook
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
U.K.
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Middle East & Africa
South Africa
The Food Waste Management market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Food Waste Management market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Food Waste Management market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Waste Management market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Food Waste Management market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Food Waste Management capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Food Waste Management by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Food Waste Management market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Food Waste Management market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Food Waste Management market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Food Waste Management industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Food Waste Management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Food Waste Management market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Food Waste Management market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Food Waste Management market. These factors have benefited the growth of the global market for Food Waste Management. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Food Waste Management. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Food Waste Management are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers