India – March 21, 2022 —
Food Waste Management Market- Scope
The global Food waste management Market is expected to expand in the coming years owing to increasing food production and its rise in food service chains. Consumer preference for exotic and sea foods is likely to complement market growth. This has led to integration of food disposal machines for recycling of food waste. Strict policies by governments for minimizing food wastage can drive the market demand. Awareness of food waste management in countries of Asia Pacific can foster growth for the global food waste management market.
Initiatives taken by governments for reducing food wastage and partnerships among similar minded organizations for creating awareness campaigns can drive the global market demand. Businesses involved in generation of large quantities of foods are required to report their volume to governments for pursuing their food loss and waste management approaches. The COVID-19 pandemic had thrown food security programs of the government into disarray. It had affected the market negatively with customers saving on food spending.
Food waste management refers to collection, transport, treatment, and disposal of waste in adherence to waste disposal policies. It can gain precedence in developed and developing nations owing to huge consumption of food and waste accumulated from various types of food processing techniques. The global food waste management market is expected to accrue revenues at 6.1% CAGR, according to Market Research Future (MRFR).
Competitive Scope
- Andritz Ag
- Veolia Environnement S.A.
- Stericycle, Inc.
- Waste Management, Inc.
- Waste Connections, Inc.
- Republic Services, Inc.
- Covanta Holding Corporation
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Industry News
Power Knot LLC has gained orders for liquid food composting biodigesters from the University of Nebraska Lincoln, U.S. Sustainable steps taken by the educational institute for disposing of surplus foods and reducing the carbon footprint can bode well for the company.
Segmentation
By processes, it is segmented into combustion, aerobic digestion, anaerobic digestion, and others. Anaerobic digestion is likely to be the leading process for food management owing to release of less pathogens and encouraging sanitation. Food waste undergoing the process can produce digestate rich in nutrients. Use of the chemical in fertilizer can assist managers in preventing soil erosion and reducing contamination of land. On the other hand, aerobic digestion can find huge demand due to being less capital intensive in nature.
By waste type, it is segmented into consumption waste, food production waste, food processing waste, retail waste, distribution & supply chain waste, and others.
By end-use, it is segmented into renewable energy and biofuels, animal feed, fertilizer, and others. The animal feed segment is bound to dominate the market owing to use of sustainable fertilizers for cultivating crops and feeding livestock. On the other hand, renewable energy and biofuels can register a huge growth rate over the assessment period due to high consumer awareness and rising prices of crude oil.
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Regional Analysis
Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW) are regions explored with respect to the global food waste management market.
North America is expected to reign the leading position in the global food waste management market owing to overproduction of food, damage to food products, and rigidity in food grades. Initiatives by governments for acquiring biofuel from food waste can be a brand new growth opportunity for the market. Moreover, storage facilities for excessive foods and FWL approaches by nations can provide a boost to market demand.
APAC is estimated to exhibit a robust growth rate over the forecast period due to high exports of food to North America and Europe. Investments in cold chain logistics and improvements in farm productivity can facilitate market demand.
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