Global Food Waste Management Market Size By Type (Cereals, Dairy Products), By Application (Animal Feed, Fertilizer), By Region, And Segment Forecasts, 2023 to 2032

The Global Food Waste Management Market is projected to grow significantly, driven by increasing awareness of environmental sustainability and the urgent need to reduce food waste worldwide. Valued at approximately USD 50 billion in 2023, the market is expected to surpass USD 90 billion by 2031, registering a robust CAGR of 7.5% during the forecast period. Governments, industries, and consumers are implementing advanced waste management solutions to combat food wastage and promote resource recovery, further propelling market growth.

Drivers

Rising Food Waste Levels: Increasing global food production and consumption are resulting in high levels of food waste, urging stakeholders to adopt efficient waste management strategies.

Regulatory Pressures: Governments and regulatory bodies worldwide are introducing stringent regulations and incentives to encourage sustainable food waste management practices.

Growing Awareness of Circular Economy: Industries are increasingly focusing on resource recovery, such as biogas generation and composting, to align with sustainability goals.

Restraints

High Operational Costs: The implementation and maintenance of advanced food waste management systems require significant investment, which can deter adoption in emerging economies.

Lack of Awareness in Developing Regions: Limited knowledge of sustainable food waste practices in low-income regions hampers market penetration.

Opportunities

Technological Advancements: Innovations in anaerobic digestion, food recycling technologies, and IoT-enabled waste monitoring systems are creating new opportunities.

Expansion in Emerging Markets: Rapid urbanization and growing infrastructure in developing countries present vast potential for food waste management solutions.

Market by Waste Type Insights

The Fruits & Vegetables segment dominated in 2023 due to the high perishability and volume of waste generated. This segment is expected to maintain its lead as innovative solutions for converting waste into valuable resources like compost and biofuels gain traction.

Market by Process Insights

The Composting segment emerged as the largest revenue generator, supported by increasing adoption of organic waste management techniques. Meanwhile, the Anaerobic Digestion segment is set to grow rapidly, driven by its dual benefits of waste reduction and energy generation.

Market by Regional Insights

North America led the market in 2023, supported by advanced waste management infrastructure and strong regulatory frameworks.

Asia-Pacific is anticipated to witness the fastest growth during the forecast period, fueled by urbanization, population growth, and rising awareness of food waste issues.

Competitive Scenario

Key players in the Global Food Waste Management Market include:

Veolia Environnement

Waste Management, Inc.

Republic Services, Inc.

SUEZ

Clean Harbors

Advanced Disposal Services, Inc. These companies focus on technological innovations, partnerships, and regional expansions to strengthen their market positions.

Scope of Work – Global Food Waste Management Market

Key Market Developments

2023: Veolia launched a new AI-powered food waste monitoring system aimed at enhancing efficiency in commercial kitchens.

2024: SUEZ announced a partnership with a leading agricultural company to convert food waste into bio-fertilizers.

2025: Waste Management, Inc. expanded its operations in Asia-Pacific, focusing on anaerobic digestion facilities to address rising food waste.

FAQs

What is the current market size of the Global Food Waste Management Market?

The market size was valued at USD 50 billion in 2023.

What is the major growth driver of the Global Food Waste Management Market?

Stringent government regulations and increasing adoption of circular economy practices are key drivers.

Which region is the largest during the forecast period in the Global Food Waste Management Market?

North America is expected to remain the largest market, while Asia-Pacific will witness the highest growth.

Which segment accounted for the largest market share in the Global Food Waste Management Market?

The Fruits & Vegetables waste type segment accounted for the largest share.

Who are the key market players in the Global Food Waste Management Market?

Key players include Veolia Environnement, Waste Management, Inc., and Republic Services, Inc..