
Food Waste Management Market
Description
Food Waste Management Market
The global food waste management market has witnessed substantial growth in terms of revenue, driven primarily by the fruits and vegetables sectors. In 2022, the market was valued at USD 13,987 million, and it is projected to reach USD 21,245 million by the year 2028, representing a remarkable compound annual growth rate (CAGR) of 7.3% during the forecast period. The fruits and vegetables sector is a significant source of food waste, particularly in developed countries. Much of this waste occurs before these products reach consumers, often due to factors such as not meeting quality standards and overproduction. This waste not only has environmental implications due to its high degradability but also carries economic costs for organizations and represents a squandering of valuable biomass.
Throughout the forecast period, the animal feed segment is projected to hold the largest share of the overall food waste management market. This is largely due to the cost-effectiveness and environmental friendliness of producing animal feed from food waste, including fruits, vegetables, meat, dairy products, fish, and cereals.
The revenue of anaerobic digestion segment has experienced strong growth from USD 20,369 million in 2020 to USD 23,677 million in 2023, representing a CAGR of 5.1%. This is mainly because anaerobic digestion is a technology that can facilitate the recovery of nutrients from food waste, help with the building of soil organic matter and generate renewable energy—the latter of which is extremely important to combat climate change.
The global food waste management market is segmented into services, hardware, and software. Services dominate the market share due to the labor-intensive nature of collecting food waste from various locations and transporting it to processing plants. The software segment is expected to demonstrate the highest compound annual growth rate (CAGR) of 7.2% from 2023 to 2028. Meanwhile, Software is experiencing rapid growth globally and is widely used for segregating good and expired foods to prevent unnecessary waste. Additionally, it aids the food service sector in optimizing raw material orders, leading to reduced food wastage and cost savings.
The Asia-Pacific food waste management industry is expected to reach USD 12,350 million in 2028 at a CAGR of 6.6% from 2023 to 2028, according to the Tanalyze analysis. In the Asia-Pacific region, particularly in developing countries, a significant portion of food wastage occurs during the post-harvest phase. The primary causes of post-harvest food losses and wastage include diseases and pest infestations, inadequate production planning, and a lack of essential infrastructure such as power, water, storage facilities, and roads.
The prominent players operating in the global food waste management market include Waste Management, Inc., Republic Services, Inc., Waste Connections, Inc., Clean Harbors, Inc., Quest Resource Holding Corporation, Veolia Environnement S.A., GFL Environmental Inc., Casella Waste Systems, Inc., Covanta Holding Corporation, Recology Inc., Stericycle, Inc., Viridor Limited, Biffa plc, RETHMANN SE & Co. KG, Cleanaway Waste Management Limited, Suez S.A., FCC Environment Limited, Rubicon Technologies Inc., Renewi plc, among others.
Table of Contents
158 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Waste Type
- Component
- Source
- Method
- Process
- End-User
- Region
- Research Methodology
- Part 3. Food Waste Management Market Overview
- Summary
- Part 4. Market Dynamics
- Growth Drivers and Future Trends
- Restraints and Challenges
- Opportunities
- PEST Analysis
- Part 5. Global Food Waste Management Market by Waste Type
- Part 6. Global Food Waste Management Market by Component
- Part 7. Global Food Waste Management Market by Source
- Part 8. Global Food Waste Management Market by Method
- Part 9. Global Food Waste Management Market by Process
- Part 10. Global Food Waste Management Market by End-User
- Part 11. Global Food Waste Management Market by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
- Part 12. Competitive Analysis
- Competition Overview
- Recent Developments
- Waste Management, Inc.
- Business Overview
- Contact Information
- Republic Services, Inc.
- Business Overview
- Contact Information
- Waste Connections, Inc.
- Business Overview
- Contact Information
- Clean Harbors, Inc.
- Business Overview
- Contact Information
- Quest Resource Holding Corporation
- Business Overview
- Food/Organic Waste
- Landfill Diversion of Food Waste
- Contact Information
- Veolia Environnement S.A.
- Business Overview
- Contact Information
- GFL Environmental, Inc.
- Business Overview
- Contact Information
- Casella Waste Systems, Inc.
- Business Overview
- Contact Information
- Covanta Holding Corporation
- Business Overview
- Contact Information
- Recology, Inc.
- Business Overview
- Contact Information
- Stericycle, Inc.
- Business Overview
- Contact Information
- Viridor Limited
- Business Overview
- Contact Information
- Biffa plc
- Business Overview
- Contact Information
- RETHMANN SE & Co. KG
- Business Overview
- Contact Information
- Cleanaway Waste Management Limited
- Business Overview
- Contact Information
- Suez S.A.
- Business Overview
- Contact Information
- FCC Environment Limited
- Business Overview
- Contact Information
- Rubicon Technologies Inc.
- Business Overview
- Contact Information
- Renewi plc
- Business Overview
- Contact Information
- Disclaimer
- FIGURES AND TABLES
- Global Food Waste Management Market, Net Growth, 2020-2028 (USD Million)
- Global Food Waste Management Market by Waste Type, 2020-2028 (USD Million)
- Global Food Waste Management Market by Waste Type, CAGR Historic and Forecast, 2020-2028
- Global Food Waste Management Market by Component, 2020-2028 (USD Million)
- Global Food Waste Management Market by Component, CAGR Historic and Forecast, 2020-2028
- Global Food Waste Management Market by Source, 2020-2028 (USD Million)
- Global Food Waste Management Market by Source, CAGR Historic and Forecast, 2020-2028
- Global Food Waste Management Market by Method, 2020-2028 (USD Million)
- Global Food Waste Management Market by Method, CAGR Historic and Forecast, 2020-2028
- Global Food Waste Management Market by Process, 2020-2028 (USD Million)
- Global Food Waste Management Market by Process, CAGR Historic and Forecast, 2020-2028
- Global Food Waste Management Market by End-User, 2020-2028 (USD Million)
- Global Food Waste Management Market by End-User, CAGR Historic and Forecast, 2020-2028
- Global Food Waste Management Market Share by Region, 2022
- Global Food Waste Management Market by Region, 2020-2028 (USD Million)
- Global Food Waste Management Market by Region, CAGR Historic and Forecast, 2020-2028
- North America Food Waste Management Market, Net Growth, 2020-2028 (USD Million)
- North America Food Waste Management Market Share by Country, 2022
- Europe Food Waste Management Market, Net Growth, 2020-2028 (USD Million)
- Europe Food Waste Management Market Share by Country, 2022
- Asia-Pacific Food Waste Management Market, Net Growth, 2020-2028 (USD Million)
- Asia-Pacific Food Waste Management Market Share by Country, 2022
- Latin America Food Waste Management Market, Net Growth, 2020-2028 (USD Million)
- Latin America Food Waste Management Market Share by Country, 2022
- Middle East and Africa Food Waste Management Market, Net Growth, 2020-2028 (USD Million)
- Middle East and Africa Food Waste Management Market Share by Country, 2022
- Waste Management, Inc. Financial Overview (USD Million)
- Waste Management, Inc. Revenue, by Segment, 2022
- Waste Management, Inc. Collection Revenue, by Segment, 2022
- Waste Management, Inc. Solid Waste Revenue, by Segment, 2022
- Waste Management, Inc. Revenue, by Region, 2022
- Republic Services, Inc. Financial Overview (USD Million)
- Republic Services, Inc. Revenue, by Segment, 2022
- Republic Services, Inc. Revenue, by Type, 2022
- Republic Services, Inc. Collection Revenue, by Segment, 2022
- Waste Connections, Inc. Financial Overview (CAD Million)
- Waste Connections, Inc. Revenue, by Segment, 2022
- Waste Connections, Inc. Collection Revenue, by Segment, 2022
- Waste Connections, Inc. Revenue, by Region, 2022
- Clean Harbors, Inc. Financial Overview (USD Million)
- Clean Harbors, Inc. Revenue, by Segment, 2022
- Clean Harbors, Inc. Revenue, by Type, 2022
- Clean Harbors, Inc. Revenue, by Sources, 2022
- Clean Harbors, Inc. Revenue, by Geographical Markets, 2022
- Quest Resource Holding Corporation Financial Overview (USD Million)
- Quest Resource Holding Corporation Revenue, by Segment, 2022
- Quest Resource Holding Corporation Revenue, by Region, 2022
- Veolia Environnement S.A. Financial Overview (USD Million)
- GFL Environmental, Inc. Financial Overview (CAD Million)
- GFL Environmental, Inc. Revenue, by Segment, 2022
- GFL Environmental, Inc. Solid Waste Revenue, by Segment, 2022
- GFL Environmental, Inc. Solid Waste Collection Revenue, by Segment, 2022
- GFL Environmental, Inc. Revenue, by Region, 2022
- Casella Waste Systems, Inc. Financial Overview (USD Million)
- Casella Waste Systems, Inc. Revenue, by Segment, 2022
- Casella Waste Systems, Inc. Solid Waste Revenue, by Segment, 2022
- Casella Waste Systems, Inc. Resource Solutions Revenue, by Segment, 2022
- Casella Waste Systems, Inc. Revenue, by Region, 2022
- Stericycle, Inc. Financial Overview (USD Million)
- Stericycle, Inc. Revenue, by Segment, 2022
- Stericycle, Inc. Revenue, by Region, 2022
- Biffa plc Financial Overview (GBP Million)
- Biffa plc Revenue, by Division, 2022
- Cleanaway Waste Management Limited Financial Overview (AUD Million)
- Cleanaway Waste Management Limited Revenue, by Segment, 2022
- Rubicon Technologies Inc. Financial Overview (USD Million)
- Rubicon Technologies Inc. Revenue, by Segment, 2022
- Renewi plc Financial Overview (USD Million)
- Renewi plc Revenue, by Segment, 2023
- Renewi plc Commercial Waste Revenue, by Segment, 2023
- Renewi plc Commercial Waste Revenue, by Type of Service, 2023
- Renewi plc Revenue, by Region, 2023
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