Food Waste Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Food Waste Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : February, 2023 | Food and Beverages

Report Digest

Food Waste Management Market: Snapshot

The demand for food waste management systems has been on rise due to many factors such as increasing practice of organic waste conversion into animal feed and fertilizers. Moreover, the increase in need for channelizing food waste for public welfare is estimated to drive the global food waste management market in the upcoming years.

With the increase in need to fulfil the food requirements of rising populations, government bodies of many countries across the globe have strengthened their food production. In parallel to this, there has been increase in the food wastage across the globe. This factor is fueling the sales prospects in the global food waste management market.

Stockpiling of food waste can result into intense public health and environmental implications, which demands for proper food waste channeling. Thus, there is notable increase in the adoption of technique-driven processes for the food waste management.

Major population from several developing nations are increasing the adoption of good habits such as segregating waste at household level. Such initiatives are essential for proper food waste management. Moreover, regional government authorities of several nations are implementing definite programs that focus on proper food waste management using modern technologies. Such activities are estimated to bring promising business prospects in the global food waste management market in the years ahead.

The presence of sturdy food waste management programs in many countries from developed regions such as Europe and North America is generating noticeable growth avenues in the food waste management market.

Companies operating in the food waste management market are increasing efforts to sustain in the critical conditions occurred due to the COVID-19 pandemic. They are introducing special teams to address the problems arising due to this outbreak. Such efforts are helping players to maintain their revenue streams during the pandemic.

Food Waste Management Market: Overview

Due to severity of food waste as an environmental as well as ethical issue, food waste management interests environmentalists and activists world over. As population grows and prosperity rises, more food is being produced and more is being wasted. More so, food wasted in urban areas can create serious impact on public health in the absence of proper disposal of such waste. This is because infrastructural constraints to support the growing population, especially in developing countries, hinders proper channeling of food waste to be decomposed.

Besides this, odor plagues and vermin proliferation at sites of food waste stockpiling is stimulated if food waste is not managed properly. To prevent such consequences, which can lead to serious threat to public health and the environment, this requires concerted efforts for management of food waste. Serving such a crucial area of public welfare, food waste management market is predicted to prosper in the forthcoming years.

An upcoming research report on the global food waste management market delves into each and every aspect pertinent to the said market that could impact growth. The approach aids elucidate demand drivers and growth trends that are likely to influence the growth curve over the forecast period. Bearing this, the report serves as a useful guide for near-conclusive analysis of the food waste management market over the forecast period.

Food Waste Management Market: Notable Developments and Competitive Landscape

  • In a scenario where food waste is a menace for civic authorities in developing and underdeveloped countries, responsible businesses have come forward to play a role. A new shopping center in Shah Alam, Malaysia is collecting food waste from their food and beverage tenants and transporting them to a farm that rears black soldier flies. Decomposition of the collected food waste with action of black soldier flies transforms the waste into animal feed and plant fertilizers.
  • With technology foraying in almost every sphere of human functioning, it now plays a role to reduce food waste too. 3D printing has surfaced as a technique to reduce household food waste, which prevents to address the larger issue of management of food waste.

In this direction, a smart 3D printed waste management system by product designer Daniel Lloyd provides crucial feedback to consumers and even communities about waste habits. The innovation is a step forward to reduce food waste at household level.

Food Waste Management Market: Key Trends

Factors such as rising practice of converting organic waste into animal feed and fertilizers and need to channelize food waste for public welfare are fuelling demand for food waste management systems.

With rising economic prosperity to feed exploding populations, food production has quadrupled and so has food wastage. Due to public health and environmental implications in the event of longer periods of stockpiling of food waste, proper channeling of food waste is important to prevent such consequences. This involves technique-driven processes for management of food waste. Thus, food waste management market receives boost.

Furthermore, changing habits of individuals in developing countries to segregate waste at household level is a step forward for food waste management initiatives. Civic authorities in these countries now have structured programs for food waste management that are technique-driven. Such pursuits hold promise for food waste management market.

On the downside, greenhouse gas emissions associated with food waste management is a concern to some extent. This could impede growth of food waste management market.

Food Waste Management Market: Regional Outlook

Among key regions, North America and Europe hold substantial revenues in the overall food waste management market. Developed countries in these regions feature well-laid food waste management programs for proper channeling of food waste. Decomposition of food waste is extensively in place in developed countries of these regions.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?