According to a new market research report published by sheer analytics and insights, “The Global Food Waste Management Market was valued at $43.2 Billion in 2020. Growing at a high CAGR of more than 6.3% between 2021 and 2031, it is estimated to reach $89.3 Billion by 2031, as per the latest market research report titled Global Food Waste Management Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Food waste management includes all the activities and actions compulsory to accomplish waste from its initiation to its final clearance. Food waste management includes gathering, transport, treating, disposal of garbage, and monitoring and regulation. Food processing wastage is a significant reason for the rising growth of food waste management, including meat, poultry, seafood processing waste, dairy food processing waste, agricultural produce processing, and waste from other food processing types. The increasing food service industry is expected to drive the market over the forecast period. Increasing buyer preference for exotic food and new types of food items, including premium coffee, tropical fruits, and imported products, drives the market growth. The growing trade of food and food ingredients between various countries is also propelling the market growth during the forecast period.
However, in this current pandemic of COVID-19, the Food Waste Management market is affected much. It changes the growth rate graph slightly in the Food Waste Management market. But it has been expected that after the pandemic situation, the global Food Waste Management market will reach a high position in the graph. Apart from that, the rising of the waste food management sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Food Waste Management Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Waste Management, Inc., Advanced Disposal Services, Inc., Republic Services, Inc., Waste Connections Inc., Clean Harbors, Inc., Stericycle, Inc., FCC Environment Ltd., CT Environmental Group Ltd., Veolia Environnement SA, Recology Inc., and DeIorio's Foods Inc. among others.
The Global Food Waste Management Market Has Been Segmented into:
Global Food Waste Management Market: By Waste Type
Global Food Waste Management Market: By Process
Global Food Waste Management Market: By Source
Global Food Waste Management Market: By Application
Global Food Waste Management Market: By Region