Global Food Waste Management Market Size, Share, Opportunities, And Trends By Type (Fruits and Vegetables, Meat, Fish and Seafood, Processed food, Cereals, Others), By Application (Power Generation, Fertilizer, Animal Feed, Biofuel), By Source (Primary Food Producer, Food Service Providers, Food Distributor and Supplier, Municipalities and Households), And By Geography - Forecasts From 2023 To 2028
- Published : Apr 2023
- Report Code : KSI061614599
- Pages : 140
The food waste management market is projected to show steady growth during the forecast period.
USEPA defines “food waste” as food that was not consumed for its original purpose and is handled in a variety of ways, including a donation to feed the hungry, production of animal feed, anaerobic digestion, composting or disposal in landfills or combustion facilities. Globally, food waste has become a major ecological as well as economic problem over the last decade. Therefore sustainable food waste management has become extremely crucial. Food waste management is the process through which food and other agricultural products can be salvaged or diverted for use as animal feed, human consumption, industrial byproducts, or for environmental benefits.
Food is wasted at every stage of the food supply chain, from agricultural production to retail and consumer levels. A large amount of food ends up in landfills, where it rots and emits greenhouse gases. Restaurants, cafeterias, supermarkets, the food service industry, residential areas, etc. are the primary sources of food waste. Hunger affected approximately 821 million people in 2021, according to U.N. data. Yet, over 1.6 billion tonnes, or about one-third, of the food produced each year that is meant for human consumption is lost or wasted which could feed almost 3 billion people. This food waste is worth over USD 1 trillion. Around 4,4 gigatonnes of greenhouse gas emissions are generated each year by food loss and waste. Therefore The global food waste management market is driven by the growing amount of food waste. Other factors such as rising consumer awareness, growing government as well regulatory policies and rising initiatives by commercial establishments in the food industry to ensure sustainable disposal are also contributing to the growth of the global market during the analysis period.
However, the lack of awareness regarding food waste management in developing countries along with the high cost is obstructing the growth of the global market. Global food waste management is segmented into various categories which include –type, source, application and geographical location.
Adverse environmental and economic effects of food waste will spur the growth of the global market during the forecast period
According to the World Biogas Association report, the yearly costs of food waste to the world economy in terms of economic, environmental, and social impact are over USD 2.6 trillion. According to the National Resources Defense Council, the typical American household wastes US$1,500 worth of food annually. The FAO data shows that food waste would cost the economy $150 billion in health-related expenses.
Food waste not only has a severe economic impact but also has adverse effects on the environment. Food waste ultimately results in the loss of one-fourth of the global water supply. An estimated USD 2.6 trillion is spent on food waste globally, of which USD 1 trillion is spent on greenhouse gas emissions, water scarcity, biodiversity loss, increased conflicts, and loss of livelihood due to problems like soil erosion, nutrient loss, reduced yields, wind erosion, and pesticide exposure. Food waste contributes 4.4 giga-tonnes of CO2 an equivalent year, or 8 per cent of all anthropogenic greenhouse gas emissions. Therefore the implementation of food waste management solutions has become extremely crucial to reduce the environmental, economic and social costs of food waste.
Growing initiatives and regulatory policies by the government as well as commercial establishments to prevent food waste
One of the first steps of food management is to reduce the amount of food waste generated. Therefore various government organizations have implemented regulatory policies and taken up initiatives to encourage food waste prevention. For instance, in March 2019, the Delhi government drafted a policy to prevent food from being wasted during social events in the nation's capital. The proposed regulation states that to handle excess and leftover food for distribution to the disadvantaged, all event planners and caterers must register with NGOs.
The U.S. Department of Agriculture and the Environmental Protection Agency has implemented U.S. 2030 Food Loss and Waste Reduction scheme to minimise food loss and waste. By 2030, the objective is to reduce food loss and waste in half. By pursuing this objective, the United States can lessen the negative effects that food loss and waste have on the climate and the environment, improve food security, and enable households and companies to save money.
Partnerships between grocery stores, food banks, and other community organisations, can not only reduce food waste but also feed the most disadvantaged members of society. For inatnce, Tesco has partnered with UK-based nonprofit FareShare FoodCloud to donate food to the impoverished UK population. Through Food Cloud Charities Tescos donated food worth 275,000 euros in 2021.
North America is anticipated to hold a significant amount of the market share of global food waste management during the forecast period
The North American region is anticipated to hold a significant amount of market share in food waste management. Key determinants contributing to food waste management in North America include damage to food items, overproduction, a lack of cold-chain infrastructure, strict standards for food grading, uniform date labelling techniques, and fluctuating consumer demand. The high amount of food waste generated in countries like the United States is also spurring growth in his region. According to official data, in the US, 119 billion pounds of food are wasted annually or 40 per cent of the total food produced. Favourable government initiative to encourage food management systems is also driving growth in this region. For instance, By 2030, the United States Department of Agriculture and Environmental Protection Agency planned to cut food waste by 50%.
Market Key Developments
- In March 2023, The U.S. Department of Agriculture announced that up to $9.5 million would be made available for pilot projects involving compost and food waste reduction during the 2023 fiscal year. The cooperation agreements provide funding for initiatives that create and test methods for developing and putting into effect municipal compost programmes and food waste reduction plans. They are a component of larger USDA initiatives to encourage urban agriculture.
- In January 2023, The U.S. Department of Agriculture awarded researchers at Virginia Tech a $2.4 million grant to produce bioplastics out of food waste that was saved from the trash. The three-year funding will examine the viability and scalability of turning these wastes into bioplastics on a national and international level, to minimise the cost of the bioplastics that are created.
Global Food Waste Management Market Scope:
Report Metric | Details |
Growth Rate | CAGR during the forecast period |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, Application, Source, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Veolia Environment, Suez, Waste Management Inc., FCC Environment Ltd., Remondis SE & Co. KG, Republic Services, Inc., Covanta Ltd., Stericycle Inc., Clean Harbors Inc., Waste Connections Inc. |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Type
- Fruits and Vegetables
- Meat
- Fish and Seafood
- Processed food
- Cereals
- Others
- By Application
- Power Generation
- Fertilizer
- Animal Feed
- Biofuel
- By Source
- Primary Food Producer
- Food Service Providers
- Food Distributor and Supplier
- Municipalities and Households
- By Geography
- North America
- USA
- Canada
- Others
- South America
- Brazil
- Others
- Europe
- Germany
- UK
- France
- Others
- Middle East and Africa
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
2021 has been taken as the base year in the food waste management market.
Prominent key market players in the food waste management market include Veolia Environment, Suez, Waste Management Inc., FCC Environment Ltd., Remondis SE & Co. KG, and Republic Services, Inc., among others.
The food waste management market has been segmented by type, application, source, and geography.
Adverse environmental and economic effects of food waste will spur the food waste management market growth during the forecast period.
North America holds a significant share of the food waste management market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL FOOD WASTE MANAGEMENT MARKET, BY TYPE
5.1. Introduction
5.2. Fruits & Vegetables
5.3. Meat
5.4. Fish & Sea Food
5.5. Processed Food
5.6. Cereals
5.7. Others
6. GLOBAL FOOD WASTE MANAGEMENT MARKET, BY APPLICATION
6.1. Introduction
6.2. Power Generation
6.3. Fertilizers
6.4. Animal Feed
6.5. Biofuel
7. GLOBAL FOOD WASTE MANAGEMENT MARKET, BY SOURCE
7.1. Introduction
7.2. Primary Food Producers
7.3. Food Service Providers
7.4. Food Distributors & Suppliers
7.5. Municipalities & Households
8. GLOBAL FOOD WASTE MANAGEMENT MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Veolia Environment
10.2. Suez
10.3. Waste Management Inc.
10.4. FCC Environment Ltd.
10.5. Remondis SE & Co. KG
10.6. Republic Services, Inc.
10.7. Covanta Ltd.
10.8. Stericycle Inc.
10.9. Clean Harbors Inc.
10.10. Waste Connections Inc.
Veolia Environment,
Suez,
FCC Environment Ltd.,
Remondis SE & Co. KG,
Republic Services, Inc.,
Covanta Ltd.,
Stericycle Inc.,
Clean Harbors Inc.,
Waste Connections Inc.
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