Food Waste Management Market Forecasts to 2028 – Global Analysis By Process (Incineration/Combustion, Aerobic Digestion (Composting), Anaerobic Digestion), Product (Natural/Organic, Artificial) and By Geography
According to Stratistics MRC, the Global Food Waste Management Market is accounted for $37.77 billion in 2020 and is expected to reach $69.91 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Factors such as rising global food waste, increasing usage of organic waste for the production of animal feed and fertilizers, and need for reducing greenhouse gas emissions are driving the growth of the market. However, environmental effects caused by landfill and incineration are hampering the growth of the market.
The wastage of food is mainly caused due to the economic behavior, poor stock management and neglecting the spoilage and expiry date of the food. Food waste management includes various techniques which are used for the conversion of food waste into different products.
Based on the process, the anaerobic digestion segment is anticipated to expand at a rapid pace during the forecast period as it is considered a lucrative source of energy and effective alternative to fossil fuel. By geography, North America is going to have high growth during the forecast period which can be attributed to the continuous innovations in different technologies used for the food waste management.
Some of the key players profiled in the Food Waste Management Market include Waste Management Inc, Covanta Holding Corporation, Advanced Disposable Services Inc, Waste Connections Inc, FCC Environment, Eco Food Recycling, Biancamano S.P.A, Veolia Environnement S.A., Rumpke Consolidated Companies Inc, Biffa Group Limited, Republic Services Inc, Suez, Clean Harbors Inc, Remondis SE & Co Kg, and Stericycle Inc.
• Aerobic Digestion (Composting)
• Anaerobic Digestion
• Other Methods
• Food Manufacturers
• Primary Food Producers
• Food Service Providers
• Food Distributors & Suppliers
• Municipalities & Households
• Wholesale and Logistics
• Retail and Markets
• Hospitality & Institutional Waste (FSHI Waste)
• Food Processing
Waste Types Covered:
• Renewable Energy & Biofuels
• Power Generation
• Animal Feed
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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