Food Waste Management Market Report 2024-2032 | Global Size, Trends and Industry Analysis

According to IMARC Group, the global food waste management market size reached US$ 73.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 125.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032.

The report has segmented the market by waste type (cereals, dairy products, fruits and vegetables, fish and sea food, processed food, and others), process (aerobic digestion, anaerobic digestion, combustion/incineration, and others), source (primary food producers, food manufacturers, food distributors and suppliers, food service providers, municipalities and households), application (animal feed, fertilizers, biofuel, power generation), and region.

Factors Affecting the Growth of the Food Waste Management Industry:

• Stringent Regulations and Government Initiatives:

One of the primary drivers of the food waste management market is the increasing focus on regulations and government initiatives aimed at reducing food waste. Governments around the world are implementing measures to tackle food waste due to its environmental and economic implications. These measures include laws promoting food donation, tax incentives for food recovery, and waste diversion targets. For example, the European Union has set ambitious targets to reduce food waste by 50% by 2030, prompting businesses to adopt food waste management solutions to comply with regulations.

• Environmental Awareness and Sustainability Goals:

The growing environmental awareness and the pursuit of sustainability goals are driving businesses to address food waste in their operations. Food waste is a significant contributor to greenhouse gas emissions, and its reduction aligns with corporate sustainability objectives. Companies are recognizing the importance of adopting food waste management practices not only to reduce their carbon footprint but also to enhance their reputation and appeal to environmentally conscious consumers. Sustainable food waste management methods, such as composting and anaerobic digestion, are being adopted to minimize the environmental impact of food waste.

• Cost Savings and Resource Recovery:

Food waste management is increasingly seen as a cost-effective strategy for businesses which is fueling the growth of the market. Reducing food waste throughout the supply chain not only lowers disposal costs but also provides opportunities for resource recovery. Technologies like anaerobic digestion and composting enable the conversion of food waste into valuable resources such as biogas, electricity, organic fertilizers, and animal feed. These recovered resources can be monetized or used internally, which is contributing to cost savings, and enhancing the circular economy within the food industry.

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Food Waste Management Market Report Segmentation:

By Waste Type:

• Cereals
• Dairy Products
• Fruits and Vegetables
• Fish and Sea Food
• Processed Food
• Others

Fruits and vegetables represent the largest waste type segment in the global food waste management market because they are highly perishable, and a significant portion of food wastage occurs in the post-harvest and distribution stages due to spoilage and handling issues.

By Process:

• Aerobic Digestion
• Anaerobic Digestion
• Combustion/Incineration
• Others

Anaerobic digestion is the largest process segment in food waste management because it offers an environmentally friendly solution for organic waste disposal, converting food waste into biogas and nutrient-rich digestate, making it suitable for both waste reduction and renewable energy production.

By Source:

• Primary Food Producers
• Food Manufacturers
• Food Distributors and Suppliers
• Food Service Providers
• Municipalities and Households

Based on source, the market has been divided into primary food producers, food manufacturers, food distributors and suppliers, food service providers, and municipalities and household.

By Application:

• Animal Feed
• Fertilizers
• Biofuel
• Power Generation

Animal feed is the largest application segment as food waste, especially food scraps and by-products, can be repurposed as feed for livestock. This sustainable practice reduces waste, lowers disposal costs, and contributes to the circular economy in the agriculture sector.

By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (Saudi Arabia, UAE, Others)

Europe leads as the largest market for food waste management due to stringent regulations and initiatives aimed at reducing food waste, along with a strong focus on sustainability and waste reduction across industries and households in the region.

Competitive Landscape:

The competitive landscape of the global food waste management market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Clean Harbors Inc.
• Covanta Holding Corporation
• FCC Environment (UK) Limited
• Hulsey Environmental Services Inc.
• Remondis SE and Co. KG
• Republic Services Inc.
• Stericycle Inc.
• Suez (Sofina)
• Veolia and Waste Management Inc.

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Global Food Waste Management Market Trends:

The increasing focus on sustainability is influencing the growth of the food waste management market across the globe. Companies and governments are implementing measures to reduce food waste throughout the supply chain, from production and distribution to consumption. This includes initiatives to redistribute surplus food, optimize inventory management, and promote responsible consumer behavior. Smart technologies like IoT sensors and data analytics are being integrated into food waste management systems. These technologies provide real-time monitoring and data-driven insights, enabling better waste tracking, reduction strategies, and cost optimization.

Governments worldwide are implementing regulations and targets to reduce food waste. This includes laws that encourage food donation, establish food labeling guidelines, and set diversion targets for organic waste. Compliance with these regulations is driving investments in food waste management solutions. The increasing consumer awareness of food waste issues is influencing purchasing decisions and consumption patterns. Consumers are seeking products with longer shelf lives and are more conscious of minimizing food waste at home. Other factors, such as the rising circular economy, and advanced waste-to-energy technologies are creating a positive outlook for the market across the globe.

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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