Food Waste Management Market Size, Share, By Waste Type (Cereals, Dairy Products, Fruit and Vegetable, Meat, Fish and Seafood, Oilseeds and Pulses, Processed food, and Coffee Grounds and Tea), By Process (Aerobic Digestion (Composting), Anaerobic Digestion, Incineration/Combustion, Redistribution, Minimization, and Disposal)), By Application, and By Region- Trends, Analysis and Forecast till 2034

Report Code: PMI27419 | Publish Date: December 2023 | No. of Pages: 186

Global Food Waste Management Market Overview

Food waste management market size was valued at USD 2.8 Billion in 2024 and is expected to reach USD 4.2 Billion by 2034, growing at a CAGR of 5.8%

Food and organic waste usually comprise a significant portion of urban solid waste and are the primary Process of greenhouse gas emissions from waste. When it malfunctions, it releases methane, a potent greenhouse gas. It is possible to separate it from other waste, process it, and transform it into energy, compost, and other valuable reProcesss.

Most people are unaware of the amount of food they are discarding, so the money being wasted remains to be discovered.Although some kitchens may attempt to do so, the majority are restricted to basic spreadsheets for tracking food waste. This causes staff to waste time and leads to inaccurate data, which in turn leads to a significant underestimation of food waste by the majority of businesses.Having a solid food waste tracking system is essential for hospitality businesses to minimize their environmental impact and cut costs. Fortunately, technological advances have ushered in a fresh age of handling food waste, typically through software integrated with hardware designed to withstand the demands of a busy kitchen.

Food Waste Management Market

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Global Food Waste Management Market Drivers & Restraints

Key Drivers of Target Market:

Growing Awareness for Food Wastage

  • The rising awareness of food wastage has driven the market for a while. The population has started understanding the concept of dry and wet waste. Since food waste is a major Process of pollution and diseases, people have grown habits of disposing of the waste as it is.

Regulatory frameworks:

  • In many countries, strong rules and regulations are in place to release wood waste, and it is collected by the cleaning authorities occasionally. This has led the market to grow upwards.

Restrains:

Financial Constraints in Implementing Advanced Waste Management Technologies:

  • The success of solid waste cleanup programs depends on numerous factors, and they can differ significantly in methods, targets, and objectives. Certain programs focus on minimizing waste, while others prioritize recycling or managing hazardous waste. It is essential to establish evaluation criteria that consider the challenges and needs of the area, as they significantly impact the success of these programs and provide insight into the capacity of a city's waste management.

Global Food Waste Management Market Segmentations & Regional Insights

The market is segmented based on Waste Type, Process, Application, and Region.

Waste Type Insights:

  • Cereals: Physico-chemical and biological processes show significant promise for managing cereal industry waste. These techniques can be utilized independently or together with successful therapy. Physico-chemical methods are primarily used to pretreat cereal processing residues, leading to decreased sludge production in biological treatments. Biological treatments are primarily utilized due to their effectiveness in eliminating pollutants and lower cost than physico-chemical treatments.
  • Dairy products: The main sources of waste are whey, wash water, and curd particles produced while making cottage cheese. Unlike rennet curd used in other cheeses, cottage cheese curd is delicate. Therefore, the whey and rinse water from cottage cheese could have significantly higher amounts of small curd particles than those from other cheeses. The quantity of small particles in the washing water rises when mechanical washing methods are employed.
  • Fruit and vegetables: Among the various types of food wasted, fruits and vegetables comprise 42% of the total waste generated. Typically, these materials are discarded in landfills because they can quickly produce methane as the main byproduct.
  • Meat: The waste produced by the slaughterhouse consists of inedible parts such as skin, bones, blood, digestive system, tendon, and internal organs. The proportion of these materials varies based on the type of animals being slaughtered and the quantity of waste specific to each animal. To enhance the meat industry's profitability, it is necessary to create methods for effectively recycling and utilizing meat by-products.
  • Fish and Seafood: By-products can be processed into fishmeal and oil for animal feed, fertilizers, and supplements to enhance human health. The circular economy concept also leads to creative uses of by-products, such as fish skin wallets, sports drinks, cosmetics, and biofuel. Doctors have effectively utilized fish skin to heal burn injuries since fish skin contains collagen and is sufficiently moist to be more beneficial than a bandage.
  • Oilseeds and pulses: The agronomy of major oilseed and pulse crops such as oilseed rape, linseed, field beans, and combining peas. Every crop is discussed regarding variety selection, establishment, nutrition, protection, harvesting, and storage, along with a short exploration of their markets and necessary quality considerations. It briefly discusses other smaller crops like soya, sunflowers, and lupins.
  • Processed Foods: They have high nutritional values but not environmentally friendly packaging. It aims to increase the shelf life of the food
  • Coffee grounds and Tea: Home compost bins can accept coffee grounds and tea bags. When utilizing the compost, you might see a slim 'skeleton' of the bags. These items can be filtered out, thrown away, or mixed in with the compost.

Process Insights:

  • Aerobic Digestion (Composting): An aerobic process is defined as one that necessitates oxygen. An aerobic digester is a machine that adds oxygen to decompose organic waste. This breakdown occurs when the equipment is exposed to natural microorganisms. These tiny organisms, which usually consist of a mixture of fungi, bacteria, and enzymes, imitate the natural decomposition process. Aerobic digesters are called biodigesters due to the presence of naturally occurring microorganisms.
  • Anaerobic Digestion: On the other hand, anaerobic digestion occurs when microorganisms decompose biodegradable substances without oxygen. This waste management technique is suitable for industrial and residential use. In addition to getting rid of waste, anaerobic digestion can generate renewable energy from biogas and produce fertilizer from nutrient-rich digestate.
  • Incineration/Combustion: Incineration involves completely burning flammable materials found in waste streams. The procedure consists of several essential steps, such as drying/degassing, pyrolysis, gasification, and combustion at temperatures ranging from 750 to 1000 °C.
  • Redistribution: Food redistribution is when surplus food that might otherwise be wasted is recovered, collected, and provided to people, particularly those in need.
  • Minimization: Aim to cook and serve the right portions for the number of people you feed. Freeze, pickle, dehydrate, can, or make jam/jelly from surplus fruits and vegetables - especially abundant seasonal produce. Leave perishable food at room temperature for up to two hours.
  • Disposal: Food waste can be safely disposed of by using a garbage disposal unit or by tightly wrapping it and placing it in a sealed bin. Burning or disposing of food waste in a landfill can harm the environment and should be avoided when possible.

Application Insights:

  • Feed: Producing feed ingredients from food waste had a beneficial effect on land use compared to the standard, suggesting that waste options could prevent the need for extra land to grow feed crops.
  • Fertilizer Biofuel: Converting food waste (FW) into biofertilizer effectively decreases its environmental impact. After being transformed into biofertilizers using methods like anaerobic digestion (AD), composting, and vermicomposting, FW can be utilized in agriculture for various purposes. It utilizes food waste digestate (FWD) as a biofertilizer, completes nutrient cycles, and minimizes waste. Rather than disposing of food waste in landfills, causing the release of greenhouse gases, it is converted into digested and used as plant fertilizer, leading to a sustainable system.
  • Power Generation: Fluidization, a process that efficiently converts food waste into a valuable source of energy-rich syngas, is known for producing a mixture of hydrogen, methane, carbon monoxide, and carbon dioxide. Syngas can produce both heat and power. This procedure is environmentally friendly because it is deemed to have a neutral carbon impact.

Regional Insights

  • North America: North America is one of the leading players in the Food Waste Management Market worldwide, owing to the presence of a well-organized ecosystem for innovation and market development. The most critical factors in the region are the well-developed R&D infrastructure and mature pharmaceutical and biotechnology industries, besides high levels of disposable income. Leading companies invest heavily in developing novel enzymes with better functionality and broader applications, continuously pushing the boundaries of energy restoration technology.
  • Asia Pacific: Asia has witnessed the highest growth in the global specialty enzyme market. Several reasons trigger this growth. The pharmaceutical and biotechnology industries in this region are the fastest growing. Second, there is a growth in healthcare spending within the Asia Pacific. Lastly, there is an enhanced demand for processed foods in the region. Other than the above factors, governments of various countries in the area have been enacting policies and initiating funding programs to support and increase R&D activities in biotechnology; this indirectly impacts the Food Waste Management Market.
  • Europe: The Food Waste Management Market is well-matured and developed in Europe, with vital innovation and regulatory emphasis. Europe's leading companies have always excelled in making high-quality products for all applications. In addition, European industries' sustainable approach to using green enzymes to produce biofuels and bioremediation will further add to the growth of this market. The Food Waste Management Market segment is mature and, in many instances, even approaching saturation from established applications. Growth will only be significant from new food applications and the environmental sector.
  • Latin America: The Latin American Food Waste Management Market is emerging and promises high growth. The company has witnessed reasonable growth from different processes for some time now. The moment the economies in the region start on a growing path, disposable income also goes up. This will increase the processed food industry and many others, like bio waste, which heavily requires food waste material. On the other hand, there is excellent awareness of clean energy in Latin America, which consequently gives way to increasing demand for various diagnostic tests and treatments.
  • Middle East and Africa: MEA is yet another developing market for food waste management, with the expansion being quite stifled due to certain constraints. On the other hand, the capability to produce renewable food waste is low in the MEA market. The region would heavily depend on imports from the rest of the world. Further, the regulatory frameworks for food waste may vary substantially between countries in the MEA region.

Food Waste Management Market Report Scope:

Attribute

Details

Market Size 2024

USD 2.8 Billion 

Projected Market Size 2034

USD 4.2 Billion

CAGR Growth Rate

5.8%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Waste Type-Cereals, Dairy Products, Fruit and Vegetable, Meat, Fish and Seafood, Oilseeds and Pulses, Processed food, and Coffee Grounds and Tea

By Process- Aerobic Digestion (Composting), Anaerobic Digestion, Incineration/Combustion, Redistribution, Minimization, and Disposal

By Application- Feed, Fertilizer, Biofuel, and Power Generation

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Waste Type, Process, Application, and Region.

Segmentation:

By Waste Type:

  • Cereals
  • Dairy Products
  • Fruit and Vegetable
  • Meat
  • Fish and Seafood
  • Oilseeds and Pulses
  • Processed food
  • Coffee Grounds and Tea

By Process:

  • Aerobic Digestion (Composting)
  • Anaerobic Digestion
  • Incineration/Combustion
  • Redistribution
  • Minimization
  • Disposal

By Application:

  • Feed
  • Fertilizer Biofuel
  • Power Generation

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Food Waste Management Market Competitive Landscape & Key Players

The key players operating the Food Waste Management Market include Veolia Environment S.A., SUEZ S.A., Waste Management, Inc., FCC Environment Ltd., Remondis SE & Co. KG, Stericycle, Inc., Clean Harbors, Inc., Covanta Holding Corporation, Advanced Disposal Services, Inc., Waste Connections, Inc., and Republic Services, Inc.

Food Waste Management Market Companies

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Global Food Waste Management Market Recent News

 

Global Food Waste Management Market Company Profile

  • Veolia Environment S.A.
  • SUEZ S.A.,
  • Waste Management, Inc.
  • FCC Environment Ltd.
  • Remondis SE & Co. KG
  • Stericycle, Inc.
  • Clean Harbors, Inc.
  • Covanta Holding Corporation
  • Advanced Disposal Services, Inc.
  • Waste Connections, Inc.
  • Republic Services, Inc.

FAQs

Food Waste Management Market Size was valued at USD 2.8 Billion in 2024 and is expected to reach USD 4.2 Billion by 2034 growing at a CAGR of 5.8%

The Food Waste Management Market is segmented into Waste Type, Process, Application, and Region.

Factors driving the market include growing food waste awareness and regulatory frameworks.

The Food Waste Management Market's significant constraints to growth include the expensive research, development, and production costs for recycling waste.

The Food Waste Management market is segmented by region into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America is expected to dominate the Market.

The key players operating the Food Waste Management Market include Veolia Environment S.A., SUEZ S.A., Waste Management, Inc., FCC Environment Ltd., Remondis SE & Co. KG, Stericycle, Inc., Clean Harbors, Inc., Covanta Holding Corporation, Advanced Disposal Services, Inc., Waste Connections, Inc., and Republic Services, Inc.