How Has the Food Waste Management Market Size Evolved in Recent Years?
The food waste management market has seen considerable growth due to a variety of factors.
• In the past few years, the market size of food waste management has seen significant growth. It is predicted to increase from $74.48 billion in 2024 to $78.82 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.8%.
Factors contributing to this growth during the historical period include regulatory strategies and compliance measures, heightened consciousness about the environment, cost-cutting and resource efficiency, corporate social responsibility (CSR) initiatives, as well as public education and awareness campaigns.
What are the Market Size and Expected Growth Rates for the Food Waste Management Market?
The food waste management market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for food waste management is poised to experience considerable expansion in the coming years. The market is projected to surge to $99.89 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%.
The uptick during the forecast period can be credited to circular economy endeavors, governmental incentives and regulations, and the public demand for eco-friendly practices. Key trends expected to shape the forecast period involve improvements in food waste recovery mechanisms, emphasis on consumer awareness and behavior modification, launch of food waste monitoring applications, reinforcement of circular economy strategies, and global efforts to curtail food wastage and loss.
Which Key Drivers Are Propelling The Food Waste Management Market's Growth?
The rise in organic municipal waste is set to trigger the growth of the food waste management market. Organic municipal waste includes biodegradable organic substances from living organisms that form a part of the municipal solid waste (MSW). The crucial role of food waste management in managing organic municipal waste, which includes yard waste, food waste, and other compostable materials, is undeniable. These materials can be sustainably managed with proper food waste management practices. For example, in September 2024, gov.uk, an information portal from the UK, stated that in 2022, the UK disposed of 6.3 million tons of biodegradable municipal waste in landfills, with 81% of it coming from England. England itself produced 5.1 million tons out of the UK’s total biodegradable waste that was disposed of in landfills that year. Therefore, the escalating volume of organic municipal waste is likely to boost the food waste management market.
Food Waste Management Market Driver: Initiatives for Government Funding Boosting the Growth of the Food Waste Management Market
What Are The Key Segments Within The Global Food Waste Management Market?
The food waste management market covered in this report is segmented –
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
Subsegments:
1) By Cereals: Wheat, Rice, Corn
2) By Dairy And Dairy Products: Milk, Cheese, Yogurt
3) By Fruits And Vegetables: Fresh Produce, Processed Fruits And Vegetables
4) By Meat And Poultry: Beef, Pork, Chicken
5) By Fish And Seafood: Fresh Fish, Processed Seafood
6) By Oilseeds And Pulses: Soybeans, Lentils
7) By Roots And Tubers: Potatoes, Carrots
8) By Other Waste Types: Bakery Products, Packaged Foods
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What New Trends Are Influencing The Food Waste Management Market?
Major corporations that are active in the food waste management sector are introducing novel technologies to boost their market profitability, one of which includes Tesco Tinder's online marketplace. This new digital platform lets suppliers sell their surplus stock, hence reducing waste and lowering production costs. For instance, in December 2022, Tesco PLC, a leading retail firm from the UK, rolled out an app named Tesco Tinder. This application can enhance supply chain effectiveness by linking suppliers with excessive stock to other Tesco suppliers who are in need of it, thereby decreasing food wastage resulting from overproduction or inefficient supply chain management. By encouraging the redirection of surplus inventory, Tesco Tinder advances sustainable practices and waste reduction.
Who Are the Key Players In The Food Waste Management Market?
Major companies operating in the food waste management market report are:
• Veolia Environnement S.A.
• Waste Management Inc.
• Remondis SE & Co. KG
• Republic Services Inc.
• FCC Environment Limited
• DS Smith PLC
• Suez S.A.
• Waste Connections Inc.
• Hearthside Phood Solutions LLC
• Clean Harbors Inc.
• Cleanaway Waste Management Limited
• Covanta Ltd.
• Covanta Holding Corp.
• Cleanaway Waste Management Ltd.
• Advanced Disposal Services Inc.
• Biffa Group Ltd.
• Implexians Eco Solutions Pvt. Ltd.
• Casella Waste Systems Inc.
• Rumpke Consolidated Companies Inc.
• FCC Recycling (UK) Limited
• Lakeshore Recycling Systems LLC
• Biancamano S.p.A
• Enerkem Inc.
• Copia Pbc
• Goodr Inc.
• Modern Waste Products Inc.
• Eoms Recycling Inc.
• Ecofast Italia S.R.L.
• Kitro S.A.
• Missouri Organic Recycling
What Are The Regional Insights Into The Food Waste Management Market?
North America was the largest region in the food waste management market in 2024. 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
