Food Waste Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 - 2032
| Source: Future Market Insights Global and Consulting Pvt. Ltd.
DUBAI, United Arab Emirates, Feb. 10, 2022 (GLOBE NEWSWIRE) -- The increasing food loss and wastage has led to a growing focus on decreasing the total volume of waste produced while increasing efforts to bring about sustainability in food waste management worldwide. The global food waste management market is anticipated to be valued at US$ 62.6Bn in 2022. Future Market Insights (FMI) projects that the food waste management market will see a significant CAGR of over 6.4% during 2021- 2032.
|Market Size Value in 2022||US$ 62.6 Billion|
|Market Forecast Value in 2032||US$ 116.4 Billion|
|Global Growth Rate||6.4%|
Food loss, coupled with ecological risks, is leading to a growing need for sustainability and effectivefood waste managementfacilities. The amount of food thrown away is increasing at an astounding rate each year. World Bank reports “What a Waste 2.0: A Global Snapshot of Solid Waste Management to 2050” in 2022 which anticipates more than 3 billion tons of waste to be generated annually by 2050. This signals a sharp increase from the current volume, i.e. 2 billion tons.
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According to the United States Environmental Protection Agency (EPA), more than 38 million tons of food waste was generated in 2014, with a mere five percent diverted from incinerators and landfills. EPA estimates that food accounts for 21.6% percent of discarded municipal solid waste generated in the country. Food losses and waste bring to light the inefficiency of food value chains and food systems, which cause a fall in overall food availability.
Key Takeaways - Food Waste Management Market Study
- The food waste prevention segment is expected to rank relatively high on the attractiveness index in the global food waste management market. In 2022, the food prevention segment is anticipated to dominate the market.
- Food loss and wastage occurs at each node of the supply chain, from primary production to final end consumption.
- According to FMI survey, it is observed that around 85% to 90% of the overall food wasted in the developing economies is in the supply chain, including producers, processors, distributors, transportation & logistics, and retailer levels. In developing economies, food loss usually occurs in the earlier stages of the supply chain as a result of limited technology, inadequate infrastructural facilities, unfavorable climatic conditions, and insufficient processing and lack of marketing.
- In contrast, developed economies witness food losses and wastage to a substantial extent at the downstream stages of the supply chain.
- In 2019, food processing wastes is estimated to dominate the food waste management market by waste type.
- Rising preference for animal food production from food waste is expected gain traction in the food waste management market in the foreseeable future. Animal Feed, followed by fertilizers, are anticipated to remain the largest end-use segment globally during the forecast period.
- Increase in promotional activities and investments in renewable energy generation are leading to the growing market prospects for food waste management in North America. High demand for renewable energy and development in infrastructure encourages new players operating in recycling and processing food waste market.
Players in the food waste management market could strengthen their positions by introducing services in the rural areas where the concentration of food waste management companies is relatively low.
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Technological Developments to Enhance Prospects for Food Waste Management Organizations
Increasing participation of small and mid-size enterprises in the global food waste management market provides opportunities for innovation in services offered by waste management companies. Through the development of innovative technologies such as shelf-life extension technology, companies operating in the food waste management market are able to expand their global footprint by leveraging the regulatory implications.
Scope Of Report
|Market Size Value in 2022||US$ 62.6 Billion|
|Market Forecast Value in 2032||US$ 116.4 Billion|
|Global Growth Rate||6.4||%|
|Historical Data Available for||2017-2021|
|Market Analysis||MT for Volume and US$ Bn for Value|
|Key Regions Covered||North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA|
|Key Countries Covered||United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Benelux, Russia, Poland, China, Japan, India, ASEAN, Australia and New Zealand, GCC countries, Turkey, South Africa, and others.|
|Key Market Segments Covered||Services, Waste type, and End-use and Regions|
|Key Companies Profiled|| |
|Request Special Price||Available upon Request|
Know More About What the Report Covers
Future Market Insights, in its new offering, offers an unbiased analysis of the global food waste management market, presenting historical demand data (2012-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the food waste management market based on the service (prevention, collection, transfer, recycling, and landfill), waste type (food production wastes, food processing wastes, distribution and supply chain wastes, retail wastes, and consumption wastes), and end-use (animal feed, fertilizer, renewable energy & biofuels, and others) across seven major regions.
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Food Waste Management Market Food Waste Management Share Food Waste Management Company Food Production Wastes
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Because of its strict zero food waste policies, sustainable agricultural practices, and the healthy eating habits of its people, France has retained the top spot in the Food Sustainability Index, a study of 34 countries by The Economist Intelligence Unit and the Barilla Center for Food & Nutrition Foundation.
|BY TYPE||Municipal Waste Industrial Waste Hazardous Waste|
|BY SERVICE||Collection Service Disposable Service|
Agricultural production, at 33 percent, is responsible for the greatest amount of total food wastage volumes.
Here's some “food” for thought: While the world wastes about 1.4 billion tons of food2 every year, the United States discards more food than any other country in the world: nearly 40 million tons — 80 billion pounds — every year.Which country is leading in waste management? ›
Germany recycles 70% of all waste produced, this is the most in the world. The country achieved this through their policies regarding waste, companies are held responsible to whether or not their packaging is recyclable, when consumers purchase goods they are then responsible for the disposal of them.
Uncontrolled waste management can lead to medical and healthcare waste being mixed with household waste. This increases the risk of poisoning or injury to children and adults who are working sorting waste. Indiscriminate burning of waste can cause major air pollution and increases greenhouse emissions.Who is the largest waste management company? ›
Food in landfill breaks down in a way that can create greenhouse gases, including methane, which affect air quality and public health. When we waste food, we also waste the resources used to grow our food (water, soils and energy) and all the energy used to process, package and transport food from markets to our homes.How can we reduce food waste globally? ›
Every little bit helps.
- Shop Smart. ...
- Store Food Correctly. ...
- Learn to Preserve. ...
- Don't Be a Perfectionist. ...
- Keep Your Fridge Clutter-Free. ...
- Save Leftovers. ...
- Eat the Skin. ...
- Eat the Yolk.
Food is lost or wasted for a variety of reasons: bad weather, processing problems, overproduction and unstable markets cause food loss long before it arrives in a grocery store, while overbuying, poor planning and confusion over labels and safety contribute to food waste at stores and in homes.
1. Avoid buying too much. One of the simplest ways to avoid food waste as a consumer is to buy less. A packed fridge may look appealing, but it may lead to food waste if the household cannot eat all of the food.
China wastes an estimated 91.6 million tonnes of food per year while India discards 68.8 million tonnes. The US is a little further down the ranking with 19.4 million tonnes of food waste while in Europe, France and Germany produce between five and six million tonnes annually.Why food waste is a problem? ›
Food waste is a problem because it costs Americans billions of dollars in lost revenue, puts a tax on natural and human resources, and harms the environment by contributing to global warming and climate change when food waste is added to landfills and produces the greenhouse gas methane.
There's a revolution happening in Sweden right now. Dubbed the "recycling revolution," the Scandinavian country now recycles 99 percent of their garbage, edging closer to a zero-waste lifestyle, nationwide.Why is waste management important? ›
Waste management is important as it saves the environment from the toxic effects of inorganic and biodegradable element present in waste. Mismanagement of waste can cause water contamination, soil erosion and air contamination. Waste can be recycled if collected and managed efficiently.
A large proportion of recyclable components, i.e., paper, plastics, metal, etc. is collected by rag pickers from the garbage bins, from roadside, or in streets, market places, etc. in metropolitan cities, thus supplying raw material to the flourishing recycling units.
In 1893, Harm Huizenga, a Dutch immigrant, began hauling garbage at $1.25/wagon in Chicago. In 1968, Wayne Huizenga, Dean Buntrock, and Larry Beck founded Waste Management, Inc.
Waste Management competitors include Waste Connections, Republic Services, Casella Waste Systems and Stericycle. Waste Management ranks 1st in Customer Net Promoter Score on Comparably vs its competitors.What is the best waste management? ›
Recycling. Recycling saves energy, helps keep materials out of landfills and incinerators, and provides raw materials for the production of new products. When waste cannot be prevented, recycling is the next best option. Recycling is more than extending the life of landfills.
Sweden, Finland and Austria are the top performers in the 2021 Food Sustainability Index, with particularly strong results in managing food loss and waste and nutritional challenges.
The 2021 edition is the fourth edition of the FSI, and it places Sweden, Japan, Canada, Finland and Austria at the top, as having the most sustainable food systems in the world. Despite food waste being a global issue, just 28 percent of countries in the entire FSI have a dedicated food waste strategy.
|Overall Rank||Country||Market Growth Rate Index|
Switzerland have 100% waste recovery, despite being in the top five for waste production (only behind Netherlands, Denmark and the USA).
1. China. Chinese cuisine takes its flavor and variety of dishes from the country's deep-rooted history. Each region in the country has its own unique flavors.What is the number 1 best food in the world? ›
1. Pizza: Pizza is widely regarded as the world's most delicious cuisine, and it can be found in almost every country. This is a unique type of bread with tomato sauce, cheese, chicken, and vegetables on top. This food item is fully cooked and ready to consume after baking in the oven.
- Mushrooms. Because mushrooms can make use of by-products recycled from other crops as compost for growth, they have an extremely low environmental impact. ...
- Pulses. ...
- Mussels. ...
- Seaweed. ...
- Cereals and grains. ...
- Organic fruit and vegetables.
|2||University of Wageningen||Netherlands|
|3||China Agricultural University||China|
1. China. Production – China has only 10% of arable land worldwide and produces a quarter of the global grain output. China leads the agriculture production of fruit, vegetables, cereals, cotton, eggs and poultry.Which food industry is best? ›
- KRBL. ...
- Parle Agro. ...
- LT Foods. ...
- Mondelez India. Market Cap: 1,528.19 Crores INR. ...
- Heritage Foods. Market Cap: 1,347.86 Crores INR. ...
- Rasna International. Market Cap: Rs 1000-1200 Crores INR. ...
- Mother Dairy. Market Cap: 700 Crores INR. ...
- Vadilal Industries. Market Cap: 450 crores INR.
|Characteristic||Waste generation in metric tons per capita|