The Food Waste Management Market is expected to increase by USD 9128.7 million billion. As per the research report 2024-2028 published by Technavio, the market is expected to grow at a CAGR of 4.25% during the forecast period. The industry is segmented 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).
In the context of waste management, landfills represent a common method for disposing non-hazardous waste, including food waste, generated from household, commercial, and industrial sectors, particularly in developing countries. Despite being an economical solution, the increasing volume of food waste contributes significantly to landfills. Notably, landfills facilitate the efficient management of landfill gas (LFG), such as methane, released due to the anaerobic decomposition of organic fractions of food waste. Methane, a potent greenhouse gas (GHG), poses a threat to the environment if released into the atmosphere, necessitating the need for effective food waste management strategies to mitigate its environmental impact.
Know what factors are driving the market growth - Access free sample report
The North America hold the largest regional market size in the current year. The Food Waste Management Market encompasses solutions and services aimed at mitigating food loss and waste throughout the entire food supply chain. This includes agricultural production, post-harvest handling, retail and foodservice sectors, as well as consumer behavior. Market growth is driven by increasing global food waste, stringent regulations, and the rising demand for sustainable food systems. Innovative technologies, such as smart storage solutions, food traceability systems, and anaerobic digestion, are key market trends. Companies are capitalizing on this opportunity to reduce food waste, improve efficiency, and enhance their corporate social responsibility.
Know which companies are participating in the market- Download the report
The global diversified support services market encompasses businesses offering labor-intensive services to corporations and governments. This sector comprises companies providing commercial cleaning, dining and catering, equipment repair, industrial maintenance, auctioneering, storage and warehousing, transaction services, uniform rental, and other business support solutions. According to Technavio, the market size is determined by the consolidated revenue generated by firms specializing in commercial printing, environmental and facilities services, office supplies, security and alarm services, and diversified support services. Market expansion will be fueled by the rising outsourcing trend, as companies delegate their support functions to specialized providers.
The Food Waste Management Market is experiencing significant growth, fueled by the Food waste management gaining traction owing to growing concerns of carbon emissions. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Food Waste Management Market is a significant industry that addresses the challenge of managing imported products that often lead to spoilage due to long supply chains. Favorable government regulations and growing awareness among health-conscious consumers are driving the demand for effective food waste management solutions. Renewable energy applications, such as biogas production from food waste, offer sustainable solutions for managing waste. The market can be segmented based on applications into composting, biogas production, recycling, open dumping, incineration, and landfills. The collection segment includes service types insights, industrial segment, institutional sector, and residential source segment. Industrial segment includes food processing facilities, merchants, and wholesalers, while the institutional sector comprises schools, hospitals, and hotels. The residential source segment is the largest contributor to food waste. Waste type insights include cereals, fruits, vegetables, and dairy products. Composting is a popular process for managing food waste, while food service providers play a crucial role in reducing waste at the source. Biofuel production from food waste is an emerging application. Government regulations and initiatives, such as landfill bans, are expected to boost the market growth. However, challenges such as lack of standardization and high capital investment in advanced technologies remain. Overall, the market is expected to grow significantly due to the increasing focus on sustainable waste management practices.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
