The Latin America, Middle East and Africa Food Waste Management Market would witness market growth of 8.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Food Waste Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,785.3 million by 2031. The Argentina market is registering a CAGR of 10.1% during (2024 - 2031). Additionally, The UAE market would witness a CAGR of 7.8% during (2024 - 2031).
Reducing food waste can lead to significant cost savings for businesses, particularly in the hospitality and retail sectors. Restaurants, supermarkets, and other food service providers increasingly adopt food waste management practices to reduce waste disposal costs and improve operational efficiency. Additionally, companies that invest in food waste management technologies may benefit from tax incentives or government subsidies.
The market is transforming significantly due to several emerging trends and innovations. The concept of a circular economy, where food waste is reused, recycled, or repurposed, is gaining traction. In this model, food waste is treated as a resource rather than waste. This approach encourages businesses and consumers to find innovative ways to reduce food waste and recycle organic matter into the production cycle.
The food service industry in the UAE is thriving, making it the second-largest market in the Gulf Cooperation Council (GCC) region. According to the USDA, the total value of the UAE’s hotel, restaurant, and institutional (HRI) sector was $12.3 billion in 2021, reflecting a 17% growth from 2020. Dubai, in particular, hosts an extensive network of food establishments, with 18,667 businesses that include 9,705 restaurants, 4,310 coffee shops, 2,809 cafeterias, 840 hotels, and 728 catering services. This rapid expansion in the HRI sector is leading to significant food waste generation, especially from luxury hotels and large-scale catering services. The UAE government’s initiatives to reduce food waste, such as the UAE Food Waste Pledge and increasing awareness of sustainable practices, encourage businesses to adopt innovative solutions like organic waste recycling, food donation programs, and smart waste management systems. Thus, growing food processing sectors and rising food service activities are boosting the demand for advanced waste management solutions.
Free Valuable Insights: The Worldwide Food Waste Management Market is Projected to reach USD 78.40 Billion by 2031, at a CAGR of 7.2%
Based on Source, the market is segmented into Residential, Commercial, and Industrial. Based on Process, the market is segmented into Anaerobic Digestion, Aerobic Digestion, Incineration/Combustion, and Other Processes. Based on Application, the market is segmented into Animal Feed, Fertilizers, Biofuel, and Power Generation. Based on Waste Type, the market is segmented into Fruits & Vegetables, Cereals, Oilseeds & Pulses, Non Veg Food, Dairy Products, and Other Types. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Source
By Process
By Application
By Waste Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 