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The food waste management market size is estimated to grow at a CAGR of 4.82% between 2022 and 2027 and the size of the market is forecast to increase by USD 10,068.67 million. The growth of the market depends on several factors, such as the growing concerns about carbon emissions leading to food waste management, the conversion of food waste into bio-based products and organic fertilizers, and the increasing implementation of regulations and favorable policies.
This report extensively covers market segmentation by method (landfill, recycling, and incineration), application (feed, fertilizers, biofuel, and power generation), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Food Waste Management Market Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
One of the key drivers supporting the food waste management market growth is the growing concern about carbon emissions. The use of fossil fuels for energy generation is a major reason for the rise in carbon emissions across the globe, and the replacement of fossil fuels with renewable energy sources for energy generation is a possible way to achieve environmental sustainability. Food waste is one of the most important sources of carbon emissions that is often overlooked. Food waste that gets piled up in open dumps rots and releases methane, a GHG, which is more harmful than CO2.
About one-tenth of all the GHG emissions that come from food waste can be reduced by stopping food wastage. Another approach for reducing GHG emissions is food waste management, which involves efficient disposal, recycling, and conversion of food waste into useful materials. Therefore, the growing concern about carbon emission levels will drive the growth of the global food waste management market during the forecast period.
One of the key food waste management market trends contributing to the market growth is the rising number of startups. Food waste is generated in large volumes daily across the globe. Hence, it is crucial to manage food waste efficiently to prevent adverse impacts on the environment and human health. PHENIX SAS (PHENIX), a French startup, provides an alternative to food waste deposition in landfills and food waste incineration. The company finds the best value chain for unsold products, which includes giving promotions on short-term products, animal feed, donations to charity, and recycling.
Companies such as World Waters LLC are utilizing thousands of tons of watermelons that stay in fields to rot due to the judgment of being unattractive for sale in supermarkets. For instance, in January 2019, Renewal Mill, a US-based food and beverages company, raised USD 2.5 million in funds to expand its operations. The company utilizes the byproducts of food manufacturing and turns them into premium products and ingredients. Such initiatives will propel the food waste management market growth during the forecast period.
One of the factors impeding the food waste management market growth is the increasing risk of fire accidents. Landfills are areas of land which are used to dispose of non-hazardous household, commercial, and industrial solid waste and sludge. Landfills of food waste generate GHGs such as methane, which is trapped in landfills and gets heated up due to the absence of oxygen in garbage landfills, resulting in fire accidents, which are dangerous to human lives.
The rise in the number of fire accidents has led to a rise in concerns over the accumulation of food waste in landfills. Therefore, the increasing risk of fire accidents because of food waste accumulation at landfills will impede the growth of the global food waste management market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Biffa Plc: The company offers food waste management service such as food waste collection service, and a container to dispose of food waste.
China Everbright Environment Group Ltd.: The company offers food waste management applications for food and kitchen waste treatment, sludge treatment and disposal, methane to energy, construction and decoration waste treatment.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The landfill segment will account for a major share of the market's growth during the forecast period. A landfill is an area of land in which non-hazardous waste generated from households and commercial and industrial sectors is disposed of. The rising volume of food waste generated across the world has made landfills the preferred waste disposal method, especially in developing countries, as other disposal methods, such as incineration, are expensive.
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The landfill segment was valued at USD 13,376.64 million in 2017 and continued to grow until 2021. Landfill, as a food waste disposal method, is preferred due to the efficient management of the released LFG. For instance, methane, an LFG, is released into the atmosphere due to the anaerobic decomposition of the organic fractions of food waste present in landfills. Methane, which is a greenhouse gas (GHG), has the potential to cause climatic degradation. However, it can be used for electricity generation if it is collected and treated efficiently. The demand for LFG is increasing because of its economic benefits. As a result, governments of several countries across the world are undertaking initiatives to promote the use of LFG to generate electricity. Such factors will increase segment growth during the forecast period.
Based on application, the market has been segmented into feed, fertilizers, biofuel, and power generation. The feed segment will account for the largest share of this segment. In the Food Waste Management market, the application segment feed refers to the use of food waste for animal feed. Food waste that is not suitable for human consumption can be converted into animal feed, which has several benefits. Firstly, it reduces the amount of waste that is sent to landfills, which helps to reduce the environmental impact of food waste.
Moreover, the feed application segment is expected to witness significant growth in the coming years as more companies and governments look for ways to reduce food waste and promote sustainable practices in the agriculture sector. Thus, the feed segment is expected to grow during the forecast period.
North America is estimated to contribute 36% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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The US EPA has adopted the three Rs, namely reduce, reuse, and recycle, by employing a systemic approach for reducing material use and associated environmental impacts over the entire life cycle of materials via a process known as sustainable materials management (SMM). SMM considers the entire life cycle of a product, which begins from the extraction of natural resources to end-of-life management. Furthermore, to put surplus food to better use, the US EPA partners with businesses and organizations in the Food Recovery Challenge (FRC), thus helping the participants to support their communities through food donations and improve their bottom line by reducing waste.
The FRC is a voluntary program that aims at reducing food loss and waste, tracking progress, and reporting results. Several states in the US, such as Connecticut, California, Rhode Island, Massachusetts, and Vermont, and municipalities, such as Austin (Texas), New York City (New York), Boulder (Colorado), Seattle (Washington), San Francisco (California), have implemented mandatory organic waste recycling laws in the past few years.
In 2020, the outbreak of the COVID-19 pandemic majorly impacted North American countries such as the US, Canada, and Mexico. However, in 2021, with the initiation of large-scale vaccination drives, the number of COVID-19 cases declined in the region, which led to the lifting of lockdowns and the resumption of industrial activities. Such factors will increase the market growth during the forecast period.
The food waste management market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Food Waste Management Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.82% |
Market growth 2023-2027 |
USD 10,068.67 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.84 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, Canada, China, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Biffa Plc, Casella Waste Systems Inc., China Everbright Environment Group Ltd., Cleanaway Waste Management Ltd., Covanta Holding Corp., FCC SA, GFL Environmental Inc., Hitachi Zosen Corp., Interstate Waste Services Inc., PHENIX SAS, PreZero Stiftung and Co. KG, Recology Inc., Republic Services Inc., RETHMANN SE and Co. KG, US Foods Holding Corp., Van Dyk Recycling Solutions, Veolia Environnement SA, Waste Connections Inc., Waste Management Inc., and Winnow Solutions Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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