Food Waste Management Market – Industry Challenges, Key Vendors, Drivers, Trends

1. Food waste management refers to collection, transport, treatment, and disposal of waste in adherence to waste disposal policies. It can gain precedence in developed and developing nations owing to huge consumption of food and waste accumulated from various types of food processing techniques. The global food waste management market is expected to accrue revenues at 6.1% CAGR from 2019 to 2023 (forecast period), according to Market Research Future (MRFR). Market Scope The global food waste management market is expected to expand in the coming years owing to increasing food production and its rise in food service chains. Consumer preference for exotic and sea foods is likely to complement market growth. This has led to integration of food disposal machines for recycling of food waste. Strict policies by governments for minimizing food wastage can drive the market demand. Awareness of food waste management in countries of Asia Pacific can foster growth for the global food waste management market. Initiatives taken by governments for reducing food wastage and partnerships among similar minded organizations for creating awareness campaigns can drive the global market demand. Businesses involved in generation of large quantities of foods are required to report their volume to governments for pursuing their food loss and waste management approaches. The COVID-19 pandemic had thrown food security programs of the government into disarray. It had affected the market negatively with customers saving on food spending. Regional Analysis Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW) are regions explored with respect to the global food waste management market. North America is expected to reign the leading position in the global food waste management market owing to overproduction of food, damage to food products, and rigidity in food grades. Initiatives by governments for acquiring biofuel from food waste can be a brand new growth opportunity for the market. Moreover, storage facilities for excessive foods and FWL approaches by nations can provide a boost to market demand. APAC is estimated to exhibit a robust growth rate over the forecast period due to high exports of food to North America and Europe. Investments in cold chain logistics and improvements in farm productivity can facilitate market demand. Competitive Scope Andritz Ag, Veolia Environnement S.A., Stericycle, Inc., Waste Management, Inc., Waste Connections, Inc., Republic Services, Inc., and Covanta Holding Corporation are key players of the global food waste market. Industry News Power Knot LLC has gained orders for liquid food composting biodigesters from the University of Nebraska Lincoln, U.S. Sustainable steps taken by the educational institute for disposing of surplus foods and reducing the carbon footprint can bode well for the company. Segmentation By processes, it is segmented into combustion, aerobic digestion, anaerobic digestion, and others. Anaerobic digestion is likely to be the leading process for food management owing to release of less pathogens and encouraging sanitation. Food waste undergoing the process can produce digestate rich in nutrients. Use of the chemical in fertilizer can assist managers in preventing soil erosion and reducing contamination of land. On the other hand, aerobic digestion can find huge demand due to being less capital intensive in nature.

2. By waste type, it is segmented into consumption waste, food production waste, food processing waste, retail waste, distribution & supply chain waste, and others. By end-use, it is segmented into renewable energy and biofuels, animal feed, fertilizer, and others. The animal feed segment is bound to dominate the market owing to use of sustainable fertilizers for cultivating crops and feeding livestock. On the other hand, renewable energy and biofuels can register a huge growth rate over the assessment period due to high consumer awareness and rising prices of crude oil. Browse complete Report @ https://www.marketresearchfuture.com/reports/food-waste- management-market-4343 About Market Research Future: Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information. We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis. Contact Us: Market Research Future Office No. 524/528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com