Market Overview:
The market is predominantly driven by the Food processing wastages worldwide. Burgeoning Food & Beverages industry equally contributes to the market growth. Moreover, the numerous systems implemented over the past decade such as aerobic and anaerobic digestion processes used for recycling food waste has proven to be significantly effective in controlling the food wasted in the supply chain. This factor is one of the key propeller of the market.
Worldwide Government is the largest driving force behind the well spread awareness. Government entities appoint these companies active in Food Waste Management market to gain the support with the outreach programme spreading the awareness through social media, other publicity means and collateral materials bearing Food Waste Reduction messages.
Growing with the population upsurge, ecological concerns are worsening worldwide. Further prompting the need to use the available food resources wisely while controlling the wastages. Leverage to the initiative programs run by governments, people are increasingly becoming aware towards the advantages to saving the food resources.
In developing economies increasing literacy is one of the driving force behind the increasing awareness. Activists of Food Waste controlling are meeting the farmers & guiding them about wastage controlling process at the level of production & processing of produces.
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Food companies are abreast already, and voluntarily contact the players operating in the market to gain their support & guidance for & managing the wastages occurring at each stage of production cycle. In addition, these market players also support various industry stakeholders to practice food waste management guiding them on how to reduce food waste across the supply chain.
Furthermore, Food Waste Management companies conduct regional or countrywide surveys to understand the consumer pattern right from the food purchase, preparation, consumption to left over. Further guide them on the best practices to control wastages. The process of Food Waste Management does not end here and continues to the collection of food wasted during the production cycle & household left overs. The collected food is then transported to the processing (segregation, treatment & recycling) facilities and then packed and distributed to needy households. And here the process of food waste managements is accomplished.
Leading Key Players Analysis:
The market appears to be moderately competitive yet fragmented. Key Players operating in the market strive to improvise technological processes in order to reduce installation costs. The establishment of long-term contracts between this industry and downstream customers makes it difficult for new entrants to dilute the market share of pre-existing companies. The waste collection is cumbersome process that utilizes more human effort & cost and is a critical aspect for the service providers. Hence Vendors operating in the market strive to develop solutions that can solve all those challenges.
Andritz Ag (Austria), Veolia Environnement S.A. (France), Waste Management, Inc. (U.S.), Waste Connections, Inc. (Canada), Republic Services, Inc. (U.S.), Covanta Holding Corporation (U.S.) and Stericycle, Inc. (U.S.) are some of the leaders driving the Global Food Waste Management Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of completion.
Industry/ Innovation/ Related News:
February 20, 2018 – University of California (US) announced that UCI along with some supermarkets, commercial catering businesses and restaurants are jointly running a programme to convert food wastage in to electricity. The programme involves a specialized process to mix the food waste through a bio slurry & pumped in to anaerobic digesters filled with bacteria that can break down the material, producing biogas containing methane which is further used to produce electricity. Some amount of the bio gas can also be converted into compressed natural gas to be used in vehicles as a cleaner bio fuel.
February 21, 2018 – The organisation, named Food Waste (Scotland) announced its partnership with the Binn Group, a waste management firm. The collaboration will be working on producing energy from wasted food using (food waste) company’s re-processor.
Industry Segmentations:
For the convenience of the report and enhanced understanding; the report is segmented in to 3 key dynamics
By Processes: Comprises Anaerobic Digestion, Aerobic Digestion, Combustion and others.
By Food Waste Types: Production Waste, Processing Waste, Distribution and Supply Chain Waste, Retail Waste and Consumption Waste (household and food services).
By End Users: Fertilizer, Animal Feed, Renewable Energy, Biofuels and others.
By Regions: North America, Europe, APAC and Rest of the World.
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Geographical Analysis:
North America is expected to continue with its dominance in the global Food Waste Management Market over the period 2017-2023. Rising support initiatives of waste management rendered by North America’s Solid Waste Association (SWANA) including storage of food left overs drives the regional growth predominantly.
Europe, on the other hand will account for the ~25% of the market share during the review period 2017-2023.
Whereas, Asia Pacific market is projected to emerge as the fastest growing market of Food Waste Management globally.
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