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Food Waste Management Market is expected to reach USD 55.78Bn by 2026 from 29.68Bn in 2017 at a CAGR of 8.21%.
(detailed analysis of growth rate has been provided in the report). Reduced food loss and waste, recovered food for consumption, recycling of food waste to be used as animal feed, compost, energy generation and increased regulations related to waste management some of the major factors responsible for the growth of Food Waste Management Market.
Food Waste Management Market is segmented by waste types, applications, end-users, processes, and geography. The market on the basis of waste type is segmented into cereals, dairy products, fruits and vegetables, meat, fish & seafood, oilseeds & pulses coffee grounds and tea and processed foods. Fruits and vegetable sub-segment dominated food waste management market in 2017. On the basis of application, animal feed, and fertilizers, biofuel and power generation formed major segments for food waste management market with animal feed dominating other segments. Primary food producers, food manufacturers, food distributors & suppliers, food service providers, municipalities & households are various end-user segments where municipalities & households sub-segment dominated the market due to more waste from residential areas from day to day basis.
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