Food Waste Management Market Size, Application, End Use, Growth Opportunities, and Regional Forecast to 2027


Food Waste Management Market

Food waste is biodegradable waste that is released from sources such as households, industries, hospitality sectors, etc.

NEW YORK CITY, NEW YORK, USA, Jan. 3, 2022 /EINPresswire.com/ – According to Reports and Data’s current analysis, the global food waste management market was valued at $ 33.2 billion in 2019 and is expected to reach USD 45.6 billion by 2027, at a CAGR of 5.8%. The accumulation of food waste is becoming a critical problem around the world. The increase in waste poses various threats such as environmental pollution, the scarcity of landfills and risks to the health of individuals. In addition, this waste increasingly contributes to the carbon footprint and greenhouse gas emissions. According to the Food and Agriculture Organization of the United Nations (FAO), around 1.3 billion tonnes of food, which represents one third of the world’s food, is lost or wasted.

The impacts of this waste include GHG emissions and climate change, the water footprint, loss of nutrients, sanitation, ecological impacts and economic impacts. Greenhouse gases like CO2, methane and nitrous oxide are emitted at different stages of its life cycle, including the treatment, refrigeration, transport and disposal of waste in landfills or landfills .

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Increasing disposable income and improving living standards will likely imply increased consumption of products, resulting in the generation of more waste in the years to come. In addition, wastage is on the increase in developing economies which lack adequate cold storage infrastructure, warehousing and transportation facilities, etc.

In low-income countries, almost 50% of total waste is not collected, and about 60% of it is food and organic matter. The main drivers of food waste management are services, manufacturing, wholesale and retail, and households. Waste prevention, redistribution to people, sending as animal feed, recycling by composting, incineration with energy recovery and proper disposal are the critical steps in the food waste management market.

Water is essential for plant and animal life and therefore for the production of food for human consumption. In places where rainfall is not adequate or seasonal, water is withdrawn from underground aquifers and surface water bodies for irrigation. Food production that is wasted and uncontrolled disposal impacts surface water as well as groundwater bodies

Globally, about 50% of waste goes to landfill, while 13-33% of waste is still dumped in low- and middle-income countries. Food and other organic wastes in landfills and landfills can lead to parasitic and gastrointestinal illnesses in people living and working near the site, including women and children. Organic waste in landfills attracts vermin, flies, birds and other communicable disease carriers and those who feed on them, further increasing the health risk via transfer into the food chain

Biofuels like biodiesel and bioethanol are produced in large quantities. Edible vegetable oils like soybean, grapeseed and canola oils are used to make biodiesel. Ethanol is produced from a variety of raw materials such as sugar cane, sugar beets, grains, barley, potatoes, molasses, corn, and wheat.

Major market players are taking different initiatives to resolve critical issues. For example, Biffa launched a ‘Food for Fuel’ campaign when it found that 40% of total waste in the UK is made up of inedible products and that a third of companies do not process it.

Food waste management is fragmented with major players such as Veolia Environnement, Suez, Waste Management Inc., Stericycle Inc., Waste Connection Inc., Clean Harbors Inc., Advanced Disposable Services, Remondis SE & Co Kg, Biffa Group Limited and Republic Services Inc., among others, collectively constituting a competitive market. Suez SA is a key player in the food waste management market. With a global presence in North America, Europe, Latin America, Asia-Pacific, Africa and the Middle East, the company offers a wide range of services in the areas of waste management engineering. , collection and logistics, sorting and treatment, as well as recycling, recovery and trade among others. In 2018, the company’s net sales were $ 14.6 billion.

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For the purpose of this report, Reports and Data has segmented the Food Waste Management market on the basis of waste type, process, source, application, and region:

Waste Type Outlook (Revenue USD Million; 2016-2026)
• Fruits and vegetables
• Dairy products
• Cereals
• Me at
• Fish and seafood
• Oil seeds and legumes
• Processed foods
• coffee grounds and tea

Process outlook (revenue in millions of dollars; 2016-2026)
• Aerobic digestion
• Anaerobic digestion
• Incineration / combustion
• Others

Application outlook (revenue in millions of dollars; 2016-2026)
• Animal feed
• Fertilizers
• Biofuel
• Energy production

Source Outlook (Revenue USD Million; 2016-2026)
• Primary food producers
• Food manufacturers
• Food distributors and suppliers
• Food service providers
• Municipalities and households

Regional outlook (revenue in millions of dollars; 2016-2026)
• North America
o United States
o Canada
• Europe
o Germany
France
UK
o Spain
Italy
o Rest of Europe
• Asia Pacific
o China
India
Japan
o Rest of Asia-Pacific
• Middle East and Africa
• Latin America
Brazil

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Key questions answered by the report
• How fast will the Food Waste Management market grow? What will the market be worth in 2027?
• What are the key drivers of the food waste management market?
• What are the strategies adopted by the actors to enter the APAC region?

Source: https://www.reportsanddata.com/press-release/global-food-waste-management-market

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