What is the Scope of the Global Food Waste Management Market?
Mar 20,2023 | Food
Food waste management encompasses all of the practices and actions required to complete waste from start to finish. Food waste management encompasses the waste collection, transportation, treatment, and disposal, as well as oversight and control. Food processing waste, which includes waste from poultry, meat, and seafood processing, agricultural produce processing, dairy food processing waste, and waste from other forms of food processing, is one of the major reasons for the increasing growth of food waste management.
In fast service restaurants and other hotel chains, food wastage is relatively high. Furthermore, food waste has risen in the food supply chain over the last decade, resulting in the installation of many systems that include aerobic and anaerobic digestion processes for food waste recycling. Food waste has been observed to be large in developing and underdeveloped countries. To address this issue, governments in various countries are enacting strict rules and regulations in order to reduce food waste.
This increase can be due to growing global concerns about food waste. Consumer demand for new types of food and exotic foods, such as tropical fruits, premium coffee, and imported goods, is expected to keep pace with development. Increased exchange in food and food ingredients between countries has resulted in the creation of new supply chains, which has resulted in a rise in food waste.
The Global Food Waste Management market size is estimated to be worth US$ 31430 million in 2021 and is forecast to a readjusted size of US$ 41.95 billion by 2028 with a CAGR of 4.2% during review period. Listed under the Food & Beverage – Food categories, Bharatbook offers the latest business market report that includes a discussion of the major players in each of the regional markets for food waste management. It explains the major market drivers of the global market for food waste management, the current trends within the industry and the regional dynamics of the food waste management market. The report concludes with a particular focus on the vendor landscape. It also includes detailed profiles of the major vendors in the food waste management industry globally.
The study also covers an analysis of the market opportunities with a holistic study of Porter’s Five Forces model and PESTLE analysis of the food waste management industry considering both micro and macro- environmental factors prevailing in the marketplace, updated information on recent mergers and acquisitions, partnerships, agreements, collaborations, and other strategic alliances in the global food waste management market.
Some of the market leading players consist of Biffa Group Ltd., Casella Waste Systems Inc., Clean Harbors Inc., Covanta Holding Corp., Ecofast Italia s.r.l., Suez SA, and Quest Management Group LLC.
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