The Global Food Waste Management Market is projected to reach a value of over USD 52.2 Billion by 2027 at a CAGR of around 5.1%.
The wastages of food at various stages of its life cycle such as production, processing, distribution, retail, and consumption. Food waste management is referred to as activities and actions mandatory to accomplish the food waste generated in different stages of its life cycle. Food waste management includes the collection, transport, treatment, and disposal of waste together with monitoring and regulation. Reduce methane emission from landfills, lower carbon footprint, conserve energy & resources, and preventing pollution involved in growing, producing, transporting, and selling are some of the benefits offered by food waste management.
Market Driver:
Increasing wastage and spoilage of food has led to a reevaluation of usage and sustainability of resources. Robust growth in the food industry and increasing consumption of processed food are some of the factors attributed to the wastage of food. According to the Food & Agriculture Organization of the United Nation (FAO), the global volume of food wastage is estimated to be 1.6 million tons in 2019. Food wastage can adversely affect climate to the greenhouse gases that are emitted upon its decomposition, contaminates watercourses from nutrient and leachate runoff and can be a vector for diseases and a health hazard. According to the Food & Agriculture Organization of the United Nation (FAO), the food wastage carbon footprint is estimated at 3.3 billion tons of carbon dioxide equivalent of greenhouse gases released into the atmosphere per year. Thus, rising concern regarding growing global food wastage has expected to drive the growth of food waste management during the forecasted period.
Market Restraint:
Incineration and landfill both contribute to the emission of greenhouse gases, the major cause of global warming. The waste food disposed of in landfills sites or dumpsites, it decomposes and releases emission to the atmosphere. Whereas, the incineration process involves the burning of the waste to convert it into ashes and heat. Landfill and incineration have an adverse effect on climate, water bodies, and sanitation & hygiene. According to Our World Data, 6% of global greenhouse emission comes from food losses and waste. Thus, adverse effects of incineration and landfill techniques on the environment are expected to hamper the market growth.
The report on the food waste management market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Waste Type, Process, Source, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Food Waste Management Market, by Waste Type
Food Waste Management Market, by Process
Food Waste Management Market, by Source
Food Waste Management Market, by Application
Food Waste Management Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE FOOD WASTE MANAGEMENT MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY