The Food Waste Management Market is projected to be valued at USD 70.0 billion in 2023 and is rising to USD 121.8 billion by 2033. Sales of food waste management systems are likely to grow at a CAGR of 5.7% during the forecast period.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.7% |
| Market Valuation (2023) | USD 70.0 billion |
| Market Valuation (2033) | USD 121.8 billion |
Various factors influencing the market include:
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Food Wastage is a Hot Topic in Several Countries!
Globally, several developing countries are craving food. On the other hand, there are counties that are wasting food in large quantities. Therefore, hunger crises faced in various counties lead to an increase in the demand for food waste management.
For instance, the United Kingdom government is running awareness campaigns such as Love Food Hate Waste to prevent food waste. Another program- The Stop Wasting Food Program, also took place in Denmark.
The UNEP (United Nations Environment Program) raised awareness about food wastage by supporting Zero Hunger Challenge. However, an average American family's wastage is USD 1500 worth of food yearly. Therefore, several local and retail shop owners initiated programs to manage food waste by collaborating with Food Rescue Organizations.
According to Future Market Insights, the global food waste management market is likely to register a 5.7% CAGR during the forecast period. Historically, the market registered a CAGR of 6.4% between 2017 and 2022.
The food waste management market is expected to increase at a rapid pace due to rising food industry growth. In addition, rapid urbanization is expanding the use of organic waste to manufacture animal feed and fertilizer in emerging countries.
Short-term (2022 to 2025): Availability of various cuisine and unusual food items, such as tropical fruits, premium coffee, and imported goods, are increasingly popular among consumers. These food items are accelerating the demand for food waste management.
Medium-term (2025 to 2028): The growing trade of food and food ingredients among countries worldwide boosts supply chains. It may result in increased food waste and more stringent government and food management regulations.
Long-term (2028 to 2033): Rising research and development activities, government initiative programs, and increasing modernization of new products are the factors driving the market expansion during the forecast period.
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| Segments | Waste Type |
|---|---|
| Top Category | Food Processing Waste |
| Historic CAGR | 7.0% |
| Forecast CAGR | 6.5% |
| Segments | End Use |
|---|---|
| Top Category | Animal Feed |
| Historic CAGR | 6.2% |
| Forecast CAGR | 5.6% |
Based on waste type, food processing waste dominates the global market by capturing a CAGR of 6.5% during the forecast period. Lack of food storage and preservation results in huge food processing waste. In addition, the rapid wastage of fresh fruit & vegetables in the food sector is predicted to boost the market share further.
Food waste processed with anaerobic digestion contains fewer microorganisms, limiting the spread of odors and diseases while promoting hygiene and sanitation.
Furthermore, the procedure aids in the recovery of energy and nutrients from waste and consequently resulting in market expansion. Historically, the food processing waste category captured a CAGR of 7.0% between 2017 and 2022.
Based on end use, the animal feed category dominates the global market by securing a CAGR of 5.6% during the forecast period. Food waste can be utilized directly as animal feed or rendered and given to livestock without incurring additional costs. Furthermore, anaerobic digestion produces digestate from food waste.
The proper application of digestate as a fertilizer benefits farmers in soil management and reduces contamination of land and water due to synthetic fertilizer leaching.
Moreover, the animal feed category reduces maximum food wastage and is uplifted by farmers. The uneaten and excess amount of food directly fed to the animals increases the adoption of animal feed. Historically, the animal feed category captured a CAGR of 6.2% between 2017 and 2022.
| Country | United States |
|---|---|
| CAGR (2017 to 2022) | 7.1% |
| CAGR (2023 to 2023) | 5.9% |
| Valuation (2023 to 2033) | USD 40.2 billion |
| Country | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 6.6% |
| CAGR (2023 to 2023) | 6.1% |
| Valuation (2023 to 2033) | USD 7.0 billion |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 7.3% |
| CAGR (2023 to 2023) | 7.8% |
| Valuation (2023 to 2033) | USD 13.1 billion |
| Country | Japan |
|---|---|
| CAGR (2017 to 2022) | 5.7% |
| CAGR (2023 to 2023) | 5.1% |
| Valuation (2023 to 2033) | USD 5.8 billion |
| Country | India |
|---|---|
| CAGR (2017 to 2022) | 7.5% |
| CAGR (2023 to 2023) | 5.9% |
| Valuation (2023 to 2033) | USD 4.0 billion |
China's food waste management market is securing a CAGR of 7.8%, with a valuation of USD 13.1 billion during the forecast period. The current trend in food waste management uses advanced waste treatment technologies like gasification in China.
Gasification technology converts organic materials with the help of a well-developed food waste management system to produce combustible gas. Another process is anaerobic digestion, a new and moderate technological advancement that recovers minerals and energy.
As a result, it has a substantially lower cost, making it more cost-effective. Moreover, the aerobic digesters speed up the natural breakdown process, producing water, heat, and carbon dioxide.
Increased environmental concerns over dumping procedures are expected to impel China's food waste management market. Historically, China contributed a CAGR of 7.3% between 2017 and 2022.
India is securing a CAGR of 5.9% with a valuation of USD 4.0 billion during the forecast period. Food waste management is projected to become more popular in India due to the country's high exports of various food goods.
In addition, India exports food to countries in North America and Europe, which results in the wasting of more food during transit.
India is the world's second-largest producer of fruits and vegetables after China, although it still loses almost 70% of its products due to gaps in the early phases of harvest and distribution. India intends to collaborate with the United States (USA) industry to borrow technologies and breakthroughs across the whole food production and consumption chain.
India and the United Arab Emirates (UAE) have announced a plan for expanded maritime cooperation and the building of logistics infrastructure. It assists India in exporting food and perishables to UAE markets at a lower cost. In addition, the government is investing in cold chain logistics and enhancing farm productivity to reduce the overall generation of food waste.
Historically, India contributed a CAGR of 7.5% between 2017 and 2022.
The United States is likely to record a CAGR of 5.9% with a valuation of USD 40.2 billion during the forecast period. The amount of food thrown out by Americans each year is uncountable.
According to the EPA, about 63 million tons of wasted food were generated in the commercial, institutional, and residential sectors. However, about 32% were managed by animal feed during the forecast period.
The United States food waste management market is growing owing to rapid urbanization and industrialization. Moreover, the increasing use of organic waste for animal feed and fertilizer production drives the USA market.
Overproduction, damage to food goods, strict food-grading criteria, and market fluctuations are all factors fueling the USA food waste management market. However, the government is taking serious steps to obtain biofuel from food waste, as it helps to reduce fossil fuel consumption. Historically, the USA contributed a CAGR of 7.1% between 2017 and 2022.
The market in the United Kingdom is likely to register a CAGR of 6.1% with a valuation of USD 7.0 billion during the forecast period. Food waste is a severe economic, environmental, and social challenge in the United Kingdom is getting more attention in recent years.
However, the high disposable income has led to excessive purchasing, poor food management, overproduction, and a lack of concern for food waste.
In Europe, the United Kingdom plays a major part in food waste management during the forecast period. The government is working to reduce food waste and invest in efficient disposal ways to obtain biogas and fertilizers from such operations. Historically, the United Kingdom contributed a CAGR of 6.6% between 2017 and 2022.
Japan is capturing a CAGR of 5.1% with a valuation of USD 5.8 billion during the forecast period. Japan generates a bulk of waste when people purchase more food than they can, resulting in a large chunk of food. In Japan, a large quantity of food is strayed before it reaches shops and households.
Almost half of all vegetables and fruits go waste in Japan when lost in the handling process and transportation. The lack of a robust legal framework for food waste management is projected to limit the market expansion. Food waste is expected to rise due to a lack of cold chain technologies and poor logistics circumstances. Historically, Japan contributed a CAGR of 5.7% between 2017 and 2022.
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Key players that provide advanced services to consumers in the food waste management market are focused on technological advancement. Various organizations use technological advances to collect and sort food waste at the source and speed up food waste recycling.
The top manufacturers apply key technologies, including Enzyme-based food management systems, automated garbage pickups, and innovative sensor-based waste management.
A few prominent players in the food waste management market are:
Recent Developments in the Food Waste Management Market:
The key players are focusing on reducing food waste by about 50% through the adoption of several methods to extend the shelf-life of food. The top companies are paying strict regulations on food waste.
FDA supports the food industry regarding food safety, packaged foods, and clean labeling. In the coming period, food manufacturers are likely to develop smart technology that may reduce the wastage of food items.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Service, Waste Type, End Use, Region |
| Key Companies Profiled | Waste Management, Inc.; Advanced Disposal Services, Inc.; Republic Services, Inc.; Waste Connections Inc.; Clean Harbors, Inc.; Stericycle, Inc.; FCC Environment Ltd.; CT Environmental Group Ltd.; Veolia Environnement SA; Recology Inc.; DeIorio's Foods Inc.; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
China, Japan, and South Korea are key Asian countries.
The foodservice sector is the key consumer of food waste management in Asia.
Japan is projected to record a CAGR of 5.1% by 2033.
In 2023, the market for managing food waste was estimated to be worth USD 70 billion.
The global market is expected to be worth USD 121.8 billion by 2033.
1. Executive Summary | Food Waste Management Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Service 5.1. Prevention 5.2. Collection 5.3. Transfer 5.4. Recycling 5.5. Landfill 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Waste Type 6.1. Food Production Waste 6.1.1. Agri Produce Waste 6.1.2. Poultry, Middle East and Africa, and Seafood Waste 6.2. Food Processing Waste 6.2.1. Agri Produce Processing Waste 6.2.2. Poultry, Middle East and Africa, and Seafood Processing Waste 6.2.3. Dairy Food Processing Waste 6.2.4. Other Food Processing Waste 6.3. Distribution & Supply Chain Waste 6.4. Retail Waste 6.5. Consumption Waste 6.5.1. Household Food Waste 6.5.2. Food Services, Hospitality, & Institutional Waste 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End-use 7.1. Animal Feed 7.2. Fertilizer 7.3. Renewable Energy & Biofuels 7.4. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. Asia Pacific excluding Japan 8.6. Japan 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East & Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Waste Management, Inc. 18.2. Advanced Disposal Services, Inc. 18.3. Republic Services, Inc. 18.4. Waste Connections Inc. 18.5. Clean Harbors, Inc. 18.6. Stericycle, Inc. 18.7. FCC Environment Ltd. 18.8. CT Environmental Group Ltd. 18.9. Veolia Environnement SA 18.10. Recology Inc. 18.11. DeIorio's Foods Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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Food Waste Management Market
