Bizizz Market Research has recently published a research report, “Global Food Waste Management Market By waste Type (Processed Food, Cereals, Fish & Sea Food, Dairy Products, Meat, Fruits & Vegetables and Others), Payload (Combustion/Incineration, Anaerobic Digestion, Aerobic Digestion and Others), source (Municipalities & Households, Primary Food Producers, Food Service Providers, Food Distributors & Suppliers and Food Manufacturers), Application (Power Generation, Animal Feed, Biofuel and Fertilizers), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Food Waste Management Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 47.7 Bn by 2027, witnessing a CAGR of 5.3 % during the forecast period. Rapid industrialization coupled with research and development to utilize food waste effectively is driving the demand for food waste management across the globe.
Increasing population and insufficient storage facilities for food products across the globe is raising the demand for food waste management offerings. Moreover, rapid industrialization due to which research and developments are also being plunging the demand of food waste management activities in the global market in order to curb the food waste management. The customers are increasingly adopting organic food waste for their utilization as the fertilizers in order to decrease the ill effects of the food waste and increasing environmental friendliness.
The Global Food Waste Management market is anticipated to register a CAGR of over 5.3% during the forecast period.
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By waste type, fruits and vegetables segment held a key share in Global Food Waste Management Market in 2018.
The global food waste management is leading through fruits and vegetable significantly in 2018. It could be attributed to an improper cultivation, processing, storage, and handling of the products. Greater than 30% of fruits and vegetables are being wasted at the time of harvesting and production phases worldwide because of inefficient process. Improper handling and storage of fresh fruits and vegetables is generating food waste that is contributing to the positive market growth of food waste management activities.
Europe is Anticipated to Dominate the Global Food Waste Management Market during the Forecast Period.
The global food waste management market is led by European market. The region is anticipated to lead the global market during the forecast period. The regional growth is stimulated by in increased investments for promoting advanced techniques in procuring useful products manufactured from food wastage including fertilizers and biogas. However, the supporting government initiative to decrease the food wastage is projected to generate new regional growth opportunities for food waste management.
Global Food Waste Management market was moderately consolidated with key players accounting for significant share in 2018. The organizations are expanding their market presence through market entry strategies such as partnerships and mergers & acquisitions are creating competency in the market..
Prominent players operating in the Global Food Waste Management Market are: Suez Environment, Stericycle, Inc., Clean Harbors, Inc., Republic Services, Inc., Veolia Environment and Waste Management, Inc., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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