Food Waste Management Market Trend Analysis, Latest Revenue Figures

The global Food Waste Management Market size is expected to reach USD 8,250 million and is projected to reach a CAGR of 15.3% from 2023-2030.

The business and commercial sector that offers products and services for the management and reduction of food waste is referred to as the "food waste management market." Due to the increased awareness of the negative effects that food waste has on the environment, economy, and society, this industry has recently attracted more attention. Many businesses and organizations are currently striving to create cutting-edge technology and approaches to address this problem.

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Preventing food waste in the first place is the best method to control it. This may be achieved by taking steps like better inventory management, better storage, and handling procedures, and teaching customers about portion control and smart buying. Food that is extra but still suitable for consumption might be given to charities, shelters, or food banks. There are programs in several nations that promote the donation of extra food from families, restaurants, and companies to people in need.

Recent Developments

• In 2021, SUEZ introduced innovative food waste management solutions, such as the "Biomethane from Waste" project. 
• In 2021, Veolia collaborated with food industry leaders and launched the "IncrEATible" initiative to tackle food waste in the hospitality sector.

Prominent Players

• Advanced Disposal Services, Inc.
• Clean Harbors, Inc.
• Covanta Ltd.
• FCC Environment
• Remondis SE & Co. KG
• Republic Services, Inc.
• Stericycle Inc
• Suez
• Veolia
• Waste Connections, Inc.

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Europe to Dominate the Market

• The Europe region is expected to be the largest region in the Food Waste Management market during the forecast period.
   
• The Chinese government is putting up a number of programs to cut down on consumable waste. The Clean Your Plate Campaign and other public education initiatives are promoting anti-food debris behaviour. The company owners are implementing new business strategies for managing debris utilizing a variety of technology.

Food Waste Management Market Segmentation:

On the basis of process 

·        Aerobic

·        Anaerobic

·        Combustion/Incineration

·        Others

On the basis of source 

·        Primary Food Producers

·        Food Manufacturers

·        Food Distributors & Suppliers

·        Food Service Providers

·        Municipalities & Households

Based on region:

·        Asia Pacific

·        North America

·        Europe

·        South America

·        Middle East & Africa

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Frequently Asked Questions

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·        What is the compound annual growth rate (CAGR) of the Food Waste Management Market?

·        Which region holds the largest market share in Food Waste Management Market?

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