According to a new report, published by KBV research, The Global Food Waste Management Market size is expected to reach $78.40 billion by 2031, rising at a market growth of 7.2% CAGR during the forecast period.
The Residential segment is leading the Global Food Waste Management Market by Source in 2023; thereby, achieving a market value of $31.90 billion by 2031. Driven by high household food wastage due to factors such as over-purchasing, improper storage, and disposal habits, this segment saw significant growth. Increasing awareness of food waste reduction, along with government initiatives promoting composting, recycling, and waste segregation, has contributed to the segment’s expansion. Additionally, the rising adoption of smart waste disposal solutions and community-driven waste management programs has further propelled demand in this sector.
The Incineration/Combustion segment captured a CAGR of 9.1% during (2024 - 2031). This process involves burning food waste at high temperatures, converting it into ash, heat, and gases. Incineration is widely used in urban areas where landfills are limited, and it is an effective method for reducing the volume of waste. Additionally, the heat produced during incineration can be harnessed for energy generation, making it a viable option for waste-to-energy projects. The increasing need for efficient waste disposal methods and the rising demand for energy recovery have contributed to the strong performance of the incineration/combustion segment in the food waste management market.
The Animal Feed segment is generating the maximum revenue in the Global Food Waste Management Market by Application in 2023; thereby, achieving a market value of $30.69 billion by 2031. This can be attributed to the growing practice of repurposing food waste as animal feed, which helps reduce food waste while providing a cost-effective and sustainable livestock nutrition source. With increasing concerns about food waste and the environmental impact of traditional waste disposal methods, many industries, including agriculture and food processing, have embraced using surplus food waste for animal feed. This practice not only diverts food waste from landfills but also contributes to the circular economy by turning waste into a valuable resource.
The Cereals, Oilseeds & Pulses segment exhibits CAGR of 6.9% during (2024 - 2031). Factors such as post-harvest losses, quality degradation, and supply chain inefficiencies drive the need for effective waste management solutions. Increasing sustainability initiatives, regulatory policies, and the adoption of waste-to-energy and recycling technologies further propel market growth. Additionally, repurposing food waste for biofuel and animal feed contributes to demand, as industries and governments emphasize reducing agricultural waste and improving resource efficiency.
Full Report: https://www.kbvresearch.com/food-waste-management-market/
The North America region dominated the Global Food Waste Management Market by Region in 2023; thereby, achieving a market value of $30.93 billion by 2031. The Europe region is expected to witness a CAGR of 6.8% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 8% during (2024 - 2031).
By Source
By Process
By Application
By Waste Type
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