Growing Food Waste Fuels Global Food Waste Management Market

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Growing Food Waste Fuels Global Food Waste
Management Market
Triton Market Research presents the Global Food
Waste Management Market report segmented by
Source (Municipalities and Households, Food
Distributors and Suppliers, Food Service
Providers, Primary Food Producers, Food
Manufacturers), Service (Collection, Disposal,
Recycling Power Generation, Animal Feed,
Biofuels, Fertilizers), Waste Type (Dairy Dairy
Products, Cereals, Fruits Vegetables, Meat,
Poultry Seafood, Processed Food, Other Waste
Types), and Regional Outlook (Asia-Pacific,
Europe, Latin America, Middle East and Africa,
North America).
The report further discusses the Market Summary,
Industry Outlook, Parent Market Analysis, Impact
Analysis, Porters Five Forces Analysis, Market
Maturity Analysis, Industry Components, Food
Recovery Hierarchy, Key Buying Impact Analysis,
Key Market Strategies, Drivers, Challenges,
Opportunities, Analyst Perspective, Competitive
Landscape, Research Methodology Scope, Global
Market Size, Forecasts Analysis
(2023-2030). Based on estimates by Triton Market
Research, the global food waste management market
is set to witness revenue growth at a CAGR of
5.66 during the forecast period
2023-2030. Factors such as rising population and
technological advancements for effective waste
management are set to create opportunities for
the food waste management market. Companies are
increasingly focusing on adopting cutting-edge
technologies to enhance the waste management
process. In this regard, big data has emerged as
a crucial technology in increasing operational
efficiency. This elevates the adoption of waste
management systems in the food sector. However,
inefficient food waste collection and the harmful
impact of waste processing methods on the
environment are expected to negatively impact the
food waste management market. Globally,
Asia-Pacific is anticipated to emerge as the
fastest-growing region over the projected phase.
Around 30 of the grains are lost or discarded in
the region. This is mainly on account of
diseases and insect infections, poor production
planning, etc. Other than this, lack of proper
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infrastructure, including power, water, and
roads, are key causes of food loss. The growing
food waste results in a high need for waste
management systems. Hence, these factors widen
the scope and growth of the food waste
management market. The eminent companies in the
food waste management market are Casella Waste
Systems Inc, Cleanaway Waste Management Limited,
FCC Environmental Services, Clean Harbors Inc,
GFL Environmental Inc, Suez SA, Waste Management
Inc, Veolia, Republic Services Inc, and Waste
Connections Inc. The threat of new entrants is
minimal owing to the significant initial
investment in the market. Additionally, the
industry is highly regulated, which restricts new
players entry. Over the years, the competition
level has also elevated among existing players,
owing to a rise in innovation and pricing to
gain a competitive edge. Therefore, the threat of
new players and competition levels are expected
to remain low and high, respectively, over the
forecast period.