The Global Food Waste Management Market is growing continually mainly due to the rapidly spreading awareness about waste management and the technological advancements that are increasingly providing solutions for waste management. Management of food waste also delivered some unique advantages such as the generation of electricity, biogas/ natural gas, and compost fertilizers while creating a healthy environment to live. These advantages have further escalated the market on the global platform.
Segmentation Analysis
By Processes: Anaerobic Digestion, Aerobic Digestion, Combustion and others.
By Food Waste Types: Processing Waste, Production Waste, Distribution and Supply Chain Waste, Retail Waste and Consumption Waste (household and food services).
By End Users: Fertilizer, Renewable Energy, Animal Feed, Biofuels and others.
By Regions: North America, Europe, APAC, and the Rest-of-the-World.
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Global Key Players and Competition Analysis
Some of the eminent leaders of the market include Republic Services, Inc. (U.S.), Andritz Ag (Austria), Veolia Environnement S.A. (France), Waste Connections, Inc. (Canada), Waste Management, Inc. (U.S.), Stericycle, Inc. (U.S.), and Covanta Holding Corporation (U.S.).
Regional Analysis
The Asia Pacific region, on the other hand, is rapidly emerging as a lucrative market for food waste management, globally. The improving economy is doing wonders in the already flourishing sectors of F&B and food processing in the region. Besides, the ever-increasing population and rapid urbanization along with the increased investment in food waste management support the market growth in the region.
The European region accounts for the second-largest market for food waste management, globally. The market is expected to acquire approximately 25% of the market share during the review period (2018-2023). The Europe FWM market is surging owing to the contributions from the countries such as the UK, Germany, Italy, and France. Growing number of restaurants coupled with the surging food processing industry mainly in France & Italy is expected to support the market growth in the region.
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