Market Research Report
Food Waste Management Market Size, Share & Trends Analysis Report By Waste Type (Fruits & Vegetables, Dairy Products), By Process, By Application, By Source, By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||977772|
|Published||Content info||109 Pages
Delivery time: 2-10 business days
|Food Waste Management Market Size, Share & Trends Analysis Report By Waste Type (Fruits & Vegetables, Dairy Products), By Process, By Application, By Source, By Region, And Segment Forecasts, 2020 - 2027|
|Published: November 6, 2020||Content info: 109 Pages||
The global food waste management market size is expected to reach USD 52.03 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.4% over the forecast period. Stringent government regulations across various countries to control the amount of food waste generated and the adoption of proper waste disposal techniques are likely to drive market growth.
Rising demand for packaged and processed foods, owing to changing lifestyles coupled with the increased popularity of quick-service restaurants, is anticipated to complement growth. Growing food items related to trade between countries has led to an increase in the amount of food waste generated due to spoilage during transit, augmenting the service demand.
Growth in the food delivery business of ready-to-eat and pre-prepared food, managed through the e-commerce platform, has changed the way waste is produced. Similarly, packaging waste has witnessed growth in the past few years, whereas the quantity of food waste from households has reduced owing to the decline in residential cooking due to the rising number of working women.
Stringent government regulations towards storage, selling, transportation, and trade of perishable food items like dairy, meat, poultry, and seafood, based products is expected to drive the market demand for food waste management. These food products need a specific condition to survive and need to go through various processes such as chilling, scaling, preserving, and others.