Future Market Insights has announced the addition of the “Food Waste Management Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 07/20/2017 -- Food waste is defined as any food material that is lost or discarded at the production, processing, retail and consumption stages of the food supply chain.
Food waste management involves all the methods used to handle the vast amounts of waste generated at all the above-mentioned stages. These methods differ based on the kind of waste that is being treated, the chemical process in use and the end-purpose of the treated waste. Composting and anaerobic digestion are two common methods employed in treating food waste.
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Market Dynamics of Food Waste Management Market:
Wastage of food can be a result of factors such as production inefficiency, processing losses, marketing necessities and consumption-related issues. Food wastage due to production inefficiency is more frequent in developing regions and wastage at the consumer-end is higher in developed regions.
The market for food waste management is closely tied to the increasing production and consumption of food, the rising environmental threat from landfilling of waste, and the economic incentive for waste treatment.
The primary driver for the food waste management market is the high and increasing food consumption and production across the globe. The problem of food waste is getting accelerated with many countries and international organizations pushing for the free exchange of food across the world and the fulfillment of basic nutrient requirements of every individual.
The traditional methods of waste management involve landfills and incineration. Both these processes cause lasting damage to the environment and actively aid in climate change. Realization of these threats at a global and national level has led to increased regulation and safer treatment of waste.
The significant reason for the generation of waste at the consumer end is due to a multitude of reasons such as bulk-buying/discount shopping wherein large quantities of food are bought due to low prices, inappropriate storage, low consumption of leftovers and others. The wastage of food at the consumer end is not just limited to countries with an abundance of food supply or strong economy but also to lower-income countries.
At the retail end, the increasing emphasis on the appearance of food is leading to the generation of significant quantities of food waste. It is estimated that over 30% of the vegetable crop in U.K. was lost due to such practices in the year 2014.
Market Segmentation of Food Waste Management Market:
The food waste management market is segmented on the basis of waste type, recycling process, and end-use application.
On the basis of waste type, the market is segmented into liquid and solid food waste. The primary difference between both these segments is based on the physical state of the waste, but also extends to the source of such waste and treatment process employed. Much of the food waste generated at the processing point of the food supply chain is liquid waste, and waste generated at retail and consumer end is predominantly solid waste.
On the basis of end-use application, the market is segmented as animal feed, fertilizer, renewable energy and others (personal care products, industrial uses). Owing to the increasing demand for meat and meat products, the demand from animal feed segment is high. The use of food waste as fertilizer is an age-old phenomenon but is limited by the fact that much of this use is in the form of on-farm application. Renewable energy segment mainly involves production of biogas and is fast gaining popularity due to reduced collection and processing costs.
On the basis of recycling process, the market is segmented into composting and anaerobic digestion. Both these process are equally prominent and are used depending on the end-use. Composting is the treatment of food waste with naturally occurring microorganisms within an enclosed area and in the presence of oxygen. Anaerobic digestion is the treatment of food waste in the absence of oxygen and is particularly used in the production of energy.
Regional Outlook of Food Waste Management Market:
The Food waste management market in North America, Western Europe, APEJ, Eastern Europe, Latin America, Japan and MEA is covered in the report.
Due to increasing consumer awareness and governmental regulation, North America and Western Europe dominate the food waste management market. These regions house the maximum number of companies are also pioneers in certain technical processes. The low public awareness is a key drawback for the food waste management market in developing regions such as APEJ and Latin America. The market is highly fragmented across the globe due to the high regionality of the market.
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Key Market Players in Food Waste Management Market:
Some of the key players in the market include REMONDIS SE & Co. KG, Republic Services, Inc., Waste Management Inc., Indaver N.V., Skip Shapiro Enterprises, LLC, Suez Environnement SA, Veolia Environnement S.A, SARIA Limited, etc.