Global Food Waste Management Market, 2023-2028
Market Overview
With the world population continuously increasing, the issue of food wastage has become a pressing concern on a global scale. The escalating amount of food waste poses significant threats to society, including health hazards, environmental pollution, and a shortage of landfills. As a result, there is a growing demand for effective and sustainable solutions to manage the mounting food waste.
According to the latest edition of the Global Food Waste Management Market Report, the global food waste management market is projected to increase by USD 12.8 billion, at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2028. Several factors are driving the growth of the market.
The increasing amount of food waste generated globally is a key driver. As food production and consumption continue to rise, so does the volume of food waste. This has created a need for efficient and innovative solutions to handle and reduce food waste.
There is a growing awareness about the environmental impacts of food waste. People are becoming more conscious of the resources and energy that go into food production, and the detrimental effects of wasting food on the environment. This awareness has led to a shift in consumer behavior and a demand for sustainable practices throughout the food supply chain.
Government initiatives to reduce food waste are also contributing to the growth of the market. Many governments around the world have recognized the importance of addressing food waste and have implemented policies and regulations to encourage waste reduction and proper management. These initiatives create a favorable environment for the adoption of food waste management solutions.
Technological advancements in food waste management solutions are another factor driving market growth. Innovations in composting, incineration, and anaerobic digestion technologies have improved the efficiency and effectiveness of food waste management processes. These advancements offer more sustainable and resource-efficient ways to handle and repurpose food waste.
Research Coverage
The global food waste management market has been categorized by the type of food waste into cereals, coffee grounds and tea, dairy and dairy products, fish and seafood, fruits and vegetables, meat and poultry, and oilseeds and pulses. Among these categories, fruits and vegetables dominate the majority share of food wastage in most regions worldwide. The wastage of fruits and vegetables mainly occurs before they reach consumers in developed countries due to reasons such as not meeting quality standards and overproduction. Despite being perfectly consumable, a significant portion of fruits and vegetables are discarded for not being aesthetically appealing even before they reach supermarket shelves. In Europe, more than 50 million tons of fruits and vegetables are wasted annually due to their wrong shape and size, and around 30% of total farm production is lost due to aesthetic reasons.
Based on sources of food waste, the global food waste management market is categorized into food distributors and suppliers, food manufacturers, food service providers, municipalities and households, and primary food producers. The municipalities and households segment is expected to account for the majority share of the global market for food waste management. This is primarily because of the lack of awareness among the consumers regarding the expiry date of food products, improper storage of food items and preparation of excess food, among other factors.
The global food waste management market has been divided into five method segments, which include disposal, optimization, prevention, recovery, and recycling. The recycling segment, which involves converting food waste into useful products such as compost, animal feed, and biofuels, is currently the largest segment in the global food waste management market. This segment is expected to maintain its leading position in the market throughout the forecast period. The recycling methods for food waste include various processes such as anaerobic digestion and composting. During anaerobic digestion (AD), food waste is broken down through a series of biological reactions, resulting in the production of biogas. Biogas, which contains a significant amount of methane, can be used to generate energy. The remaining organic material, which contains a high concentration of nutrients, can be used as fertilizer or soil conditioner. The composting process helps to recover nutrients that would otherwise be wasted. Typically, the organic matter remaining from AD is first composted with garden waste and then applied to land.
By end user, the global food waste management market has been segmented into animal feed, biofuels, fertilizers, and power generation. Utilizing food waste as a source of animal feed is a solution that can address multiple issues such as food security, resource conservation, pollution, and climate change. With advancements in technology, there are numerous food waste management solutions available that can help convert food waste into nutritious, safe, and value-added feed products. The animal feed segment held the largest share in the global food waste management market and is expected to remain the largest end user throughout the forecast period.
The North American region has emerged as a leader in the global food waste management market, driven by the increasing awareness among consumers and businesses about the environmental and economic impact of food waste. According to studies conducted by the Food and Agriculture Organization (FAO), North America produces approximately 168 million tons of food waste annually. Out of this, the United States generates 126 million tons, Canada generates 13 million tons, and Mexico generates 28 million tons.
The per-capita food wastage amounts in North American countries are among the highest in the world. In the United States, the estimated per capita food wastage per person in a year is approximately 415 kg. Canada has a slightly lower figure at 396 kg per person, while Mexico has the lowest estimated per capita food wastage per person in a year among these three countries, at 249 kg.
The economic impact of food wastage in North America is significant, with an estimated loss of around $278 billion every year. This loss includes the cost of producing, processing, and transporting the wasted food, as well as the lost value of the food itself.
The North American region has witnessed a significant increase in the adoption of advanced technologies and innovative solutions for food waste management. Various companies and organizations are implementing strategies to reduce food waste, such as implementing better inventory management systems, improving supply chain logistics, and promoting food donation and redistribution programs. Additionally, there is a growing trend of utilizing food waste for energy generation through anaerobic digestion and composting.
Europe closely follows North America in terms of its efforts to reduce food waste and promote sustainable practices in the food industry. The region has implemented strict regulations and policies to encourage food waste reduction, such as setting targets for reducing food waste at various stages of the supply chain. European countries have also been investing in research and development to find new and effective solutions for food waste management, including innovative packaging, smart labeling, and improved storage and preservation techniques.
Competitive Landscape
The global food waste management market is characterized by intense competition and fragmentation, with numerous small and large players operating in the industry. Some of the key players in the market include Biancamano S.p.A., Biffa plc, Casella Waste Systems, Inc., Clean Harbors, Inc., Cleanaway Waste Management Limited, Danielson Holding Corporation (Covanta Energy Corp.), Ecofast Italia S.r.l., ENERKEM Inc., GFL Environmental Inc., Go Copia, PBC, Goodr, Inc., KITRO SA, Lakeshore Recycling Systems LLC (LRS), Modern Waste Products Inc., Nanhai Development Co., Ltd., Organix Recycling, LLC by Denali Water Solutions LLC, Power Knot LLC, Quest Resource Holding Corporation, Recology Inc., ReFood GmbH & Co. KG, Republic Services, Inc., RETHMANN SE & Co. KG, Rubicon Holdings, LLC, Rumpke Consolidated Companies, Inc., The Waste Company (UK) Limited, Veolia Environnement S.A. (SUEZ S.A.), Viridor Ltd., Waste Connections, Inc., Waste Management, Inc., Winnow Solutions Ltd., and many more.
To strengthen their market presence and gain a competitive edge, key players in the global food waste management market are adopting various strategies. These strategies include mergers and acquisitions, partnerships, and collaborations. By joining forces with other companies, players aim to enhance their capabilities, expand their service offerings, and enter new markets.
For example, Veolia recently announced its merger agreement with Vigie SA (formerly known as Suez SA) on August 3, 2022. This merger will create a global leader in ecological transformation, waste management, and resource recovery. The combined entity will have a broader geographic presence and a more extensive portfolio of sustainable solutions to address food waste management challenges.
Similarly, Covanta Holding Corporation, a key player in the industry, acquired Biologic Environmental Services and Waste Solutions on August 29, 2022. This strategic acquisition allows Covanta to integrate Biologic's fully permitted facilities in Northern and Southern California into its portfolio of zero carbon and zero waste-to-landfill services. By expanding its operational footprint, Covanta aims to offer comprehensive and sustainable food waste management solutions to its customers.
Key Questions Answered
What is the projected global market size of food waste management by 2028
Which offering segment generates the highest revenue
In the food waste management market, which type of food waste segment attains the foremost position
Which sources of food waste segment generates the most substantial revenue
Which method segment achieves the highest performance in the food waste management market
Within the market, which end user segment has secured the leading position
Among the various region segments, which segment has taken the leading position
Who are the key players with the largest market share in the food waste management market
What is the estimated global market size for the food waste management market in 2023
What are the main factors driving the growth of the food waste management market
What is the expected incremental growth of the food waste management market during the forecast period
1. Scope and Methodology
1.1 Introduction
1.2 Report Scope
1.3 Research Methodology
2. Executive Summary
3. Market Overview
4. Global Food Waste Management Market - Offering Analysis
4.1 Hardware
4.2 Services
4.3 Software
5. Global Food Waste Management Market - Type Of Food Waste Analysis
5.1 Cereals
5.2 Coffee grounds and tea
5.3 Dairy and dairy products
5.4 Fish and seafood
5.5 Fruits and vegetables
5.6 Meat and poultry
5.7 Oilseeds and pulses
5.8 Processed food
6. Global Food Waste Management Market - Sources Of Food Waste Analysis
6.1 Food distributors and suppliers
6.2 Food manufacturers
6.3 Food service providers
6.4 Municipalities and households
6.5 Primary food producers
7. Global Food Waste Management Market - Method Analysis
7.1 Disposal
7.2 Optimization
7.3 Prevention
7.4 Recovery
7.5 Recycling
8. Global Food Waste Management Market - End User Analysis
8.1 Animal feed
8.2 Biofuels
8.3 Fertilizers
8.4 Power generation
9. Global Food Waste Management Market - Region Analysis
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 MEA (Middle East and Africa)
9.5 Latin America
10. Patents Analysis
11. Competitive Landscape
11.1 Competitive Scenario
11.2 Market Positioning/Share Analysis
11.3 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
12. Company Profiles
12.1 Biancamano S.p.A.
12.2 Biffa plc
12.3 Casella Waste Systems, Inc.
12.4 Clean Harbors, Inc.
12.5 Cleanaway Waste Management Limited
12.6 Danielson Holding Corporation (Covanta Energy Corp.)
12.7 Ecofast Italia S.r.l.
12.8 ENERKEM Inc.
12.9 GFL Environmental Inc.
12.10 Go Copia, PBC
12.11 Goodr, Inc.
12.12 KITRO SA
12.13 Lakeshore Recycling Systems LLC (LRS)
12.14 Modern Waste Products Inc.
12.15 Nanhai Development Co., Ltd.
12.16 Organix Recycling, LLC by Denali Water Solutions LLC
12.17 Power Knot LLC
12.18 Quest Resource Holding Corporation
12.19 Recology Inc.
12.20 ReFood GmbH & Co. KG
12.21 Republic Services, Inc.
12.22 RETHMANN SE & Co. KG
12.23 Rubicon Holdings, LLC
12.24 Rumpke Consolidated Companies, Inc.
12.25 The Waste Company (UK) Limited
12.26 Veolia Environnement S.A. (SUEZ S.A.)
12.27 Viridor Ltd.
12.28 Waste Connections, Inc.
12.29 Waste Management, Inc.
12.30 Winnow Solutions Ltd.
APPENDIX
DISCLAIMER
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
|
|
| Influencing Factors |
|
|
| Market Forecast (2021-2026) |
|
|
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
| Market Size |
|
|
| Market Position of Top Company |
|
|
| Qualitative Analysis |
|
|
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
|
|
| Total Market |
|
|