Global Food Waste Management Market: Key Highlights
Global Food Waste Management Market: Key Market Dynamics
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Global Food Waste Management Market: Regional Overview
North America is anticipated to dominate the food waste management market during the forecasted period. This is attributed to the booming food industry in the U.S., Canada, and Mexico. According to the Governmnet of Canada, food & beverages processing industry in Canada’s second largest in terms of production with sales of goods manufactured worth USD 117.8 billion in 2019. Moreover, overproduction, lack of clod-chain infrastructure, market fluctuation, and varying customer demand has led to wastage of food which will further boost the demand for the market in the region.
Europe is anticipated to have sustainable growth in food waste management market during the forecasted period. This is attributed to government initiatives for reducing food wastage and increasing advancement in advanced disposable technique for acquiring useful products such as biogas & fertilizers. Moreover, the European Commission aims to reduce the number of feed dumps by 2025 which will further drive the growth of food waste management in the region.
Global Food Waste Management Market: Key Players Overview
Veolia is a France-based transnational company design and provides water, waste and energy management solutions. The company majorly operates through three business segments water, waste and energy management solutions. Veolia group has treated 50 million metric ton waste and has 675 waste processing facilities operated across the globe. Veolia recorded consolidated revenue of USD 29.9 billion in 2019.
SUEZ is engaged in producing smart and sustainable resource management systems. The company offers products such as water resource management, recovery & waste management, and resource management consulting for different industries and retail & service. SUEZ SA has a strong geographical presence across the globe. The company treated over 45 million tons of waste through its management facilities across the globe. In June 2017, SUEZ, launched Organix, a first digital marketplace for organic food. This will help to connect with producers of organic waste and methanation unit operators to transform waste into energy.
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