Lucintel’s latest market report analyzed that food waste management provides attractive opportunities in the primary food producing and food manufacturing industries. The food waste management market is expected to grow at a CAGR of 5%-7%. In this market, anaerobic digestion is the largest segment by process, whereas cereals are largest by waste type.
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Based on process, the food waste management market is segmented into aerobic digestion and anaerobic digestion. The anaerobic digestion segment accounted for the largest share of the market in 2020 as the energy produced through anaerobic digestion is neither dependent on weather nor subject to price fluctuations.
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The food waste management market is marked by the presence of several big and small players. Some of the prominent players offering Food waste management include Veolia Environment, SUEZ, Waste Management, FCC Environment, Remondis, Stericycle, and Clean Harbors.
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