Global Food Waste Management Market Insights Forecasts to 2033.

• The Global Food Waste Management Market Size was Valued at USD 75.43 Billion in 2023.
• The Market Size is Growing at a CAGR of 5.89% from 2023 to 2033.
• The Worldwide Food Waste Management Market Size is Expected to Reach USD 133.70 Billion by 2033.
• Europe is expected to Grow the fastest during the forecast period.

The Global Food Waste Management Market Size is Anticipated to Exceed USD 133.70 Billion by 2033, Growing at a CAGR of 5.89% from 2023 to 2033.  

Market Overview

The process of reducing, managing, and getting rid of food waste in an effective and sustainable way is known as "food waste management." It includes a number of techniques, including energy recovery, recycling, and source reduction, that are meant to cut down on food waste. While recycling entails turning food waste into useful items like compost or animal feed, source reduction aims to stop food waste at its source by streamlining manufacturing and distribution procedures. Through anaerobic digestion or incineration, food waste is used as a sustainable energy source through energy recovery. Managing food waste effectively contributes to addressing social, economic, and environmental issues. It decreases the use of landfills, conserves natural resources, and lowers greenhouse gas emissions. Effective waste management solutions are in high demand as a result of growing awareness of the negative environmental effects of food waste, including resource depletion and greenhouse gas emissions. Additionally, businesses and organizations are adopting effective waste management strategies due to the need to optimize resources, particularly food. Reducing food waste contributes to cost savings, increased operational effectiveness, and improved environmental credentials.

Report Coverage

This research report categorizes the market for the global food waste management market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global food waste management market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global food waste management market.

Driving factor

The global food waste management market is driven by various factors, including growing government support for composting as a method of disposing of waste because of its advantages to the environment, which is likely to fuel the composting segment's expansion, which fuels the market as a whole. The demand for aerobic digestion is also anticipated to be driven throughout the projected period by growing knowledge of the recovery of biofuel and compost from food waste through composting. In addition, health-conscious customers probably increase the number of fruits and vegetables consumed in the United States, which leads to an increase in food waste produced by the country's food supply. It is also expected that the government's increased emphasis on teaching the public about proper fruit and vegetable storage techniques will have an effect on the quantity of waste produced. Moreover, increasing numbers of individuals, organizations, and governments are realizing how food waste harms the environment by contributing to climate change, decreasing natural resources, and emitting greenhouse gases. The increased need for efficient food waste management solutions is being driven by this increased awareness.

Restraining Factors

The market for food waste management will face further obstacles throughout the projected period as a result of growing environmental impacts from combustion practices and population growth that will lower consumption losses.

Market Segmentation

The Global Food Waste Management Market share is classified into waste type, source, and application.

• The fruit and vegetable segment is expected to hold the largest share of the global food waste management market during the forecast period.   

Based on the waste type, the global food waste management market is divided into cereals, dairy products, fruits and vegetables, fish and sea food, and others. Among these, the fruit and vegetable segment is expected to hold the largest share of the global food waste management market during the forecast period. Because of inappropriate crop cultivation, processing, storage, and handling. Fresh fruit that is handled and stored improperly rot and cause waste. This drive the need for the food waste management industry since fresh produce likely creates more trash than other categories.

• The residential segment is expected to hold the largest share of the global food waste management market during the forecast period.   

Based on the source, the global food waste management market is divided into primary food producers, food manufacturers, residential, and others. Among these, the residential segment is expected to hold the largest share of the global food waste management market during the forecast period. Food waste in residences is expected to rise as a result of changing lifestyles and a fast-growing population. Food waste in households is caused by a variety of circumstances, including bad cooking techniques, excessive food preparation, purchasing excessively, inadequate storage, and inefficient food management.

• The animal feed segment is expected to hold the largest share of the global food waste management market during the forecast period.   

Based on the application, the global food waste management market is divided into animal feed, fertilizers, biofuel, and power generation. Among these, the animal feed segment is expected to hold the largest share of the global food waste management market during the forecast period. Applications of animal feed in waste management help to promote sustainable farming practices, reduce environmental impact, and turn food waste into a valuable source of nutrients—all of which are factors in the circular economy.

Regional Segment Analysis of the Global Food Waste Management Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global food waste management market over the predicted timeframe.

North America is anticipated to hold the largest share of the global food waste management market over the predicted timeframe. Food waste management in North America is influenced by a number of difficulties, such as deteriorated food goods, excess production, a deficiency of cold-chain infrastructure, strict food grading guidelines, uniform date marking procedures, and fluctuating consumer demand.

Europe is expected to grow the fastest during the forecast period. Europe has a big market for food waste management because of its robust legal system and dedication to sustainability. The European Union has established challenging goals to decrease food waste and advance circular economy principles. The need for cutting-edge waste management solutions is fueled by strict waste management rules, which include landfill diversion and recycling objectives. Furthermore, European nations have strong infrastructures for garbage collection and treatment, as well as public awareness and consumer education initiatives.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within global food waste management along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Veolia
• Suez
• Waste Management, Inc.
• Republic Services, Inc.
• Covanta Ltd.
• Stericycle, Inc.
• Remondis SE & Co., KG
• Clean Harbors, Inc.
• Biffa
• Rumpke
• Advanced Disposal Services, Inc.
• Cleanaway
• FCC Recycling (UK) Limited
• DS Smith
• Others.

 Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VAs)

Recent Developments

• In March 2022, Suez Group was fully acquired by Veolia Group's subsidiary, Veolia North America. The purchase assist the business in increasing its resources and introducing innovation to enable the water industry to undergo an ecological transformation and get closer to becoming carbon neutral in the United States.

• In August 2021, Prominent manufacturing giant 3M and Clean Harbors have forged a strategic collaboration. The objective of this exceptional partnership was to improve 3M's operations related to trash handling and management, guaranteeing industry-leading methods for conscientious disposal of waste and preservation of the environment.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Food Waste Management Market based on the below-mentioned segments: 

Global Food Waste Management Market, By Waste Type

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

Global Food Waste Management Market, By Source

• Primary Food Producers
• Food Manufacturers
• Residential
• Others

Global Food Waste Management Market, By Application

• Animal Feed
• Fertilizers
• Biofuel
• Power Generation

Global Food Waste Management Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa