Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

What is the Expected Growth Rate of the Food Waste Management Market from 2024 to 2033?

The food waste management market has expanded considerably, growing from $69.62 billion in 2023 to $74.48 billion in 2024 at a CAGR of 7.0%. This growth is driven by regulatory compliance initiatives, increased environmental awareness, efforts to reduce costs and improve resource efficiency, corporate social responsibility, and educational campaigns.

The food waste management market is anticipated to grow significantly, reaching $93.52 billion by 2028 at a CAGR of 5.9%. Growth is attributed to circular economy initiatives, government incentives, and consumer demand for sustainable practices. Major trends include advancements in food waste recovery technologies, a focus on consumer education and behavioral change, the introduction of food waste tracking apps, implementation of circular economy practices, and global initiatives to combat food loss and waste.

Claim Your Free Sample of the Global Food Waste Management Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=13149&type=smp

What Key Factors Are Fueling the Growth of the Food Waste Management Market?

The increasing amount of organic municipal waste is anticipated to drive the growth of the food waste management market. Organic municipal waste refers to biodegradable materials from living organisms found in municipal solid waste (MSW), such as food waste and yard waste, which can be effectively managed through food waste management practices. For example, in June 2023, the Department for Environment, Food, and Rural Affairs (DEFRA) reported that organic municipal waste in the UK grew from 6.1 million metric tons in 2020 to 6.8 million metric tons in 2021, highlighting the upward trend. This rise in organic municipal waste will contribute to the market’s expansion.

What Are the Major Segments of the Food Waste Management Market?

1) By Waste Type: Cereals, Dairy And Dairy Products, Fruits And Vegetables, Meat And Poultry, Fish And Seafood, Oilseeds And Pulses, Roots And Tubers, Other Waste Types

2) By Service: Collection, Transportation, Disposal And Recycling

3) By Source: Residential, Industrial

4) By Application: Feed, Fertilizers, Biofuel, Power Generation, Other Applications

5) By End-User: Primary Food Producers, Food Manufacturers, Food Distributors And Suppliers, Food Service Providers, Municipalities And Households

What New Trends Are Transforming the Food Waste Management Market?

Leading companies in the food waste management market are innovating new technologies like the Tesco Tinder online marketplace to improve profitability. Tesco Tinder connects suppliers with excess goods to those in need, helping reduce waste and lower production costs. For instance, in December 2022, Tesco plc, a UK-based retail company, launched Tesco Tinder, a marketplace that enhances supply chain efficiency by helping suppliers trade excess inventory. The platform reduces food waste due to overproduction and promotes sustainable practices by repurposing unused inventory.

Order Now for Fast Delivery of Your Food Waste Management Market Report!

https://www.thebusinessresearchcompany.com/report/food-waste-management-global-market-report

Which Regions Are Driving Growth in the Food Waste Management Market?

North America was the largest region in the food waste management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Food Waste Management Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the food waste management market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Food Waste Management Market Include

1. Food Waste Management Market Executive Summary

2. Food Waste Management Market Segments

3. Food Waste Management Market Size And Template Market Growth Rate

4. Key Food Waste Management Market Trends

5. Major Food Waste Management Market Drivers

……

25. Key Mergers And Acquisitions In The Food Waste Management Market

26. Top Food Waste Management Companies

27. Food Waste Management Market Opportunities And Strategies

28. Food Waste Management Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Food Truck Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/food-truck-global-market-report

Food Colors Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/food-colors-global-market-report

Food Containers Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/food-containers-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: