Food Waste Management Market

Industry Insights-

• The Global Food Waste Management Market was valued at USD 37.83 Billion in 2021
• It is anticipated to reach USD 55.80 Billion by 2028
• A CAGR of 5.71% is anticipated over the forecast period

Market Overview-

The food which is not consumed or food loss due to spoilage, overbuying, overproduction are the main reasons of food waste. Different countries and organizations joined together and implemented laws and rules for managing and monitoring the food waste known as food waste management. As per the study on global food losses, roughly 1.3 billion tons of food is wasted in the world from one third production of food for human consumption.

The study also claimed that the food wasted is more in rich countries. It is also linked with agriculture and climate change and has great impact on economic growth, environmental and social cost. Some of the common ways which are accepted globally to reduce wastage is recycling by composting, to produce other necessary products, turned into animal feed, food donation, source reduction and others.

Covid-19 Impact-

The COVID-19 outbreak has drastically impacted food security and nutrition in many countries, including South Africa, UAE, and Saudi Arabia. Lockdowns, transportation restrictions, and other quarantine measures have caused severe disruptions to supply chains, resulting in a sharp rise in food waste, particularly for perishable agricultural commodities such as fruits, vegetables, fish, meat, and dairy products. This has led to the expansion of the food waste market.

Key Players-

Some of the key players for global Food Waste Management Market are

• Aero Farm Systems
• Aarhus University
• UpTake Networks
• National Physical
• Unilever
• Wageningen
• VTT
• Lettus Grow
• Tag Sensors AS
• Farm Logs
• Specim Spectral
• Ingenza
• Vegware
• KITRO
• Instrumental Polymer Technologies
• Lettus Grow
• Centre for Process Innovation (CPI)
• Aqdot
• Tenzo
• others

Segmentation Analysis-

By Food Waste Type:

• Production
• Processing
• Distribution
• Consumption

The collection segment of the food waste market dominated in terms of size and volume. This included tasks such as segregation of food waste, loading and unloading of waste, selection of a suitable area for its storage, keeping the food waste at a minimum distance from where it is produced, and providing frequent maintenance and cleaning of the storage areas. All these activities are integral for efficient food waste collection.

To ensure proper food waste disposal, recycling and composting should be encouraged. Composting is an effective way of disposing food waste and converting it into a nutrient-rich soil additive. Incineration can also be used to reduce the volume of food waste and convert it into energy. Recycling of food waste can help reduce the amount of waste going to landfills or incinerators, as well as reduce the cost of waste disposal. Furthermore, it can be used to create new products, such as animal feed, fertilizer, and biogas. Finally, open dumping, which is the most common form of food waste disposal, should be avoided as it can lead to water and soil pollution.

The use of biogas makes up only a small portion of the applications segment, due to the complexity and expense of the treatment process. Additionally, growing awareness of the potential of food waste to generate power is expected to fuel the segment's growth.

The other disposal/recycling segment is anticipated to experience a considerable CAGR during the forecast period, due to the fluctuating crude oil prices and increasing awareness of renewable energy sources. Furthermore, favorable government regulations towards biofuel applications are projected to drive the application of food waste as biofuel.

By Sector Type:

• Fruits and Vegetables
• Grains
• Dairy products
• Meat and Poultry
• Fish and seafood

The market for food waste management is driven by the fruit and vegetable segment due to improper handling, storage, processing, and cultivation of the produce. These factors lead to spoilage which, in turn, results in higher amounts of food waste. This has propelled the demand for food waste management services, as it helps to reduce the amount of waste produced.

Cereal waste management is becoming increasingly important in developed economies of North America and Europe as cereal consumption increases. Poor preservation practices and a lack of awareness regarding product expiration dates are expected to contribute to the generation of cereal waste. Furthermore, consumers' lack of understanding of the importance of avoiding food wastage is also likely to drive the need for cereal waste management.

The dairy and dairy product segment is projected to experience a considerable CAGR over the forecast period, largely attributed to the spoilage of products resulting from inadequate storage temperatures and practices. Moreover, the growing demand for food waste management services in developing countries, which lack the necessary infrastructure for the cold storage of dairy products, is anticipated to further drive the growth of this segment.

Source Segment Analysis

The residential sector is a major contributor to food waste, with residential sources accounting for the majority of market share. As the population grows and lifestyles become more demanding, food waste from residential sources is projected to rise. Poor food management, over-preparation, over-shopping, lack of cooking skills, and inadequate storage are all factors that contribute to residential food waste. To tackle this issue, there are a number of strategies that can be implemented, such as the promotion of food waste reduction initiatives, better education on food storage, and improved cooking skills.

According to the Environmental Protection Agency (EPA), approximately 63 million tonnes of food waste were generated in the institutional, commercial, and residential sectors in 2017. Of this total, around 32% was managed through biochemical processing, animal feed, codigestion/anaerobic digestion, land application, composting, donation, and sewer/wastewater treatment.

By Region:

• North America

  • U.S.
  • Canada

• Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

• Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

• Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

• Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

Europe is expected to dominate the global Food Waste Management market within the forecast period attributed to strict food waste laws and sustainable management of agriculture and food products. As per the Food Sustainability Index (FSI), France tops the list according to the least food waste, sustainable agriculture methods and nutrition record. France scored 85.80 in food loss and waste criteria followed by Argentina with 83.40 score and Luxembourg with 83.20 score. Asia-Pacific is expected to develop at a significant rate owing to the rising among of food dump in developing countries such as India, Southeast Asia and others. Furthermore, rising environmental issues due to feed dump has created the demand for food waste management market in the region.

Market Drivers-

Increasing in inadequate food storage

The major factors driving the growth of global Food Waste Management market is improper storage of food, overproduction and untimely consumption causes the food waste. In 2018, U.S. Environment Protection Agency (EPA) estimated the wasted food due to institutional, residential and commercial sector is about 63 million tons and about 32% is handled by composting, donation, land application, animal feed, bio-based materials, wastewater treatment and others.

Food wastage due to uneaten food contributes to 3.3 billion tons of greenhouse gases to earth’s atmosphere estimated by Food and Agriculture Organization (FAO). This causes wasting of other natural resources during the production and processing which indicates the urgent need for proper food management services and driving the growth of food waste management system.

Rising demand for new and exotic food items

Moreover, rising demand for new and exotic food item as well as surge in international food supply all across the world is likely to further accelerate the market growth. However, incineration and landfill techniques led to adverse effects on environment are likely to hamper the market growth. On the other hand, lack of integrated waste management as well as increasing focus on rural areas are likely to create ample opportunities in the food waste management market.

Recent Developments-

• December 17, 2020; The news article released in Food and Administration (FDA) states the announcement of renewal of joint agreement between U.S. Environmental Protection Agency (EPA), U.S. Department of Agriculture (USDA) and U.S. Food and drug administration (FDA). The agreement includes the Winning on Reducing Food Waste initiative aims to improve the communication and coordination on the importance of reducing food loss and waste to Americans.
• January 12, 2021; China proposed new law to stop food waste as stated by the news article in Waste360. Anyone posting online videos and promoting overeating will face fine up to 100,000 Yuan. This law is also applicable to restaurants trying to make customers order more and causing food waste.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2021:	USD 37.83 Billion
Base year considered	2020
Forecast Period CAGR %:	5.71%
Market Size Expected in 2028:	USD 55.80 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Aero Farm Systems, Aarhus University, UpTake Networks, National Physical, Unilever, Wageningen, VTT,  Lettus Grow, Tag Sensors AS, Farm Logs,  Specim Spectral, Ingenza, Vegware, KITRO, Instrumental Polymer Technologies, Lettus Grow, Centre for Process Innovation (CPI), Aqdot, Tenzo, and others.
Segments Covered	By Food Waste Type, By Sector Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa