Global Food Waste Management Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Food Waste Management can be broadly discerned in the roles it plays in curbing wasteful practices and promoting sustainability. It essentially involves the systematic tracking, collection, processing, recovery, and disposal of food waste. From agricultural and post-harvest operations to retail outlets, households, and foodservice providers- its applications are widespread. Advanced recovery processes such as anaerobic digestion or composting, are being utilized to manage food waste scientifically and deliver valuable outputs such as bioenergy and soil amendments.
Market Key Insights
- The Food Waste Management market is projected to grow from $75.3 billion in 2024 to $151 billion in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Anaerobic Digestion, Incineration and Composting.
- The market leaders in this sector include Veolia Environment, Waste Management Inc. and Suez Environment which determine the competitive dynamics of this market.
- U.S. and Germany are the top markets within the Food Waste Management market and are expected to observe the growth CAGR of 4.7% to 6.9% between 2024 and 2030.
- Emerging markets including India, UAE and South Africa are expected to observe highest growth with CAGR ranging between 8.3% to 9.9%.
- The Food Waste Management market will receive $10.3 billion worth of growth through technological advancements until 2030.
- The Food Waste Management market is set to add $75.7 billion between 2024 and 2034, with manufacturer targeting Commercial & Industrial Application projected to gain a larger market share.
- With Enhancing sustainability practices, and Regulatory influence, Food Waste Management market to expand 100% between 2024 and 2034.
Opportunities in the Food Waste Management
Partnerships between regulatory bodies, NGOs, and companies specializing in food waste management can lead to the formulation of advanced waste management strategies and improved regulatory frameworks. These collaborations can also facilitate knowledge exchange on sustainable practices and innovations, providing extensive growth opportunities for food waste management businesses.
Growth Opportunities in North America and Asia Pacific
North America Outlook
In North America, the Food Waste Management market is engaging in an upward trajectory. The regions maturity in waste reduction technology, complimented with the presence of stringent regulatory policies regarding waste management, invites numerous opportunities for expansion. Recycled waste is increasingly being tap into for its potential in renewable energy and organic fertilizers. The main competitors here are Waste Management, Inc. and Republic Services, Inc., who have developed efficient and innovative food waste solutions, though rising companies are also gaining ground. Key market drivers include increasing environmental consciousness among the populace and burgeoning demand in the food and beverage industry for sustainable practices.
Asia Pacific Outlook
In contrast, the Asia Pacific region presents a dynamic landscape for Food Waste Management. Rapid urbanization and drastic changes in lifestyle have led to an alarming rate of food wastage, requiring effective management solutions. Moreover, with the worlds two most populous countries, China and India, significant opportunities lie in scaling the food waste management practices. Some of the leading players are Veolia Environnement and Suez, both bringing ground-breaking techniques to the market. The main drivers involve the pressing need to reduce landfill usage and create a circular economy, underpinned by government initiatives supporting waste management and growing awareness for sustainable living.
Market Dynamics and Supply Chain
Driver: Enhancing Sustainability Practices, and Technological Advancements Driving Efficiency
The implementation of stringent regulations and penalties associated with improper food waste disposal has also significantly accelerated the growth of the food waste management industry. Governments and environmental bodies worldwide are also introducing measures to curtail the amount of food waste being discarded into landfills. This shift has also propelled the adoption of sustainable food waste management practices, directly impacting growth trends.
Restraint: High Implementation and Operational Costs
Opportunity: Technological Innovations in the Food Waste Management Sector and Evolving Consumer Needs Anticipating Growth in Food Waste Management
The growing consumer awareness about waste reduction, coupled with an increase in preferences for sustainable products and practices, is significantly influencing the market for food waste management. This shift in consumer behavior presents an untapped for entities in the food waste management market, as demand for efficient and environment-friendly waste disposal continues to rise.
Challenge: Lack of Awareness and Regulatory Frameworks
Supply Chain Landscape
Waste Management Inc.
Veolia Environment S.A
Suez Environment S.A.
Biffa PLC
BioHiTech Global Inc.
Green Conversion Systems
Clean Harbors Inc
Advanced Disposal Services
Waste Management Inc.
Veolia Environment S.A
Suez Environment S.A.
Biffa PLC
BioHiTech Global Inc.
Green Conversion Systems
Clean Harbors Inc
Advanced Disposal Services
Applications of Food Waste Management in Anaerobic Digestion, Incineration & Composting
Anaerobic Digestion is a widely used application in Food Waste Management. This process involves the breaking down of organic materials by bacteria in an oxygen-free environment, ultimately turning waste into renewable energy source and compost. One of the major benefits of this technology is the conversion of waste into biogas which can be used as fuel, therefore ridding the environment of harmful waste while producing beneficial elements simultaneously. Key players in this space are Waste Management Inc. and Veolia Environment SA which are known for their innovative solutions and dominant market presence.
Composting is one of the oldest and most effective forms of food waste management. This method involves the decomposition of organic matter by microorganisms, producing compost which is a rich soil conditioner. Much of the food debris that pollutes our environment can be recycled and reused as compost, benefitting agriculture and home gardening. A key advantage of composting is its simplicity and cost-effectiveness. Major market participants include Clean Harbors Inc. and Biffa group which excel in delivering sustainable compositing solutions with excellent market reputation and business performance.
Incineration involves the combustion of organic material within the waste under high temperatures. The process, while proficient at reducing the volume of waste, creates an output which can be harnessed as a power source.
Recent Developments
Global composting leader CompostNow introduced its new industrial composting technologies, claiming to increase Food Waste Management efficiency by 30%.
American waste management titan, WM Inc., launched its Green Waste to Biogas program, representing a significant shift towards green energy in the Food Waste Management industry.
The UK based company, ReFood, expanded its operations to Spain, setting new benchmarks for Food Waste Management in Europe.