Brandessence Market Research has published a new report title and According to Study “Food Waste Management Market is valued at USD 31.79 Billion in 2017 and expected to reach USD 56.77 Billion by 2027 with a CAGR of 5.97% over the forecast period”.

Food Waste Management Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing in inadequate food storage as well as rising demand for new and exotic food items is a key driving factor for the growth of Food Waste Management Market.

Scope of Food Waste Management Market Report

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.

Global Food Waste Management Market Segmentation:

Global Food Waste Management Market report is segmented on the basis of types, sector and region & country level. Based upon food waste types, global Food Waste Management market is classified into Production, Processing, Distribution and Consumption. Based upon the sector, global Food Waste Management market is classified into fruits & vegetables, grains, dairy products, meat & poultry and fish & seafood.

By Food Waste Type:

• Production
• Processing
• Distribution
• Consumption

By Sector Type:

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

The regions covered in this Global Food Waste Management Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Food Waste Management is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.

Key Players for Global Food Waste Management Market Report:

Some major key players for Global Food Waste Management Market are Aero Farm Systems, Aarhus University, UpTake Networks, National Physical, Unilever, Wageningen, VTT, Centre for Process, Lettus Grow, Tag Sensors AS, Farm Logs, Aqdor, Specim Spectral, Ingenza, Vegware, KITRO, and others.

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News: U.S. Administration sets the pace for food waste reduction efforts

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.

China proposes New Food Waste Law

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.

Increasing in inadequate food storage as well as rising demand for new and exotic food items is a key driving factor for the growth of Food Waste Management Market

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.  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.

Europe is Dominating the Global Food Waste Management Market

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.

Key Benefits for Global Food Waste Management Market Report:

• Global Food Waste Management Market report covers in-depth historical and forecast analysis.
• Global Food Waste Management Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Food Waste Management Market report helps to identify opportunities in marketplace.
• Global Food Waste Management Market report covers extensive analysis of emerging trends and competitive landscape.

Food Waste Management Market By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

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Food Waste Management Market Growth statistics 2021-2027 | Global Projections Report and Analysis 2019-2025

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