Market Research Report
Global Food Waste Management (FWM) Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||603650|
|Published||Content info||190 Pages
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|Global Food Waste Management (FWM) Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023|
|Published: February 10, 2018||Content info: 190 Pages||
Food waste management (FWM) is the management of the thrown away food to strategically manage and reduce the food waste which is produced at various stages of manufacture, dispense, trading and consumption. The global FWM market is estimated to grow at a CAGR of 5.62% over the forecast period 2016-2023. The major factors that boost the FWM market are increase in the global food waste, requirement for minimizing the greenhouse gas (GHG) emission and key government efforts to minimize and control the food waste generated globally. Some other market drivers include, expansion in the use of organic waste for the production of fertilizers and animal feed coupled with compliance with the United Nations target of minimizing the waste disposal in landfills and requirement of addressing the declining natural resources.
The growth in the number of waste management regulations worldwide has resulted in a growth in the use of waste management services by both the distributors and manufacturers. The deployment of waste management services across the food & beverage industry has resulted in the techniques of recovery, prevention and recycling, thereby minimizing the waste. Some primary challenges facing the FWM market growth include, collection and segregation of waste and food waste diversion from the landfill. Further, the global FWM market has some key restraints including, incineration and landfill technique that results in adverse environmental impacts.
The food waste management market is segmented by process, end-user, application, waste type and method. On the basis of waste type, the municipalities & households segment dominates the global FWM market which is followed by the food service providers segment during 2016. The waste that is generated from the daily use of items such as batteries, paints, newspapers, food scraps, clothing, product packaging in societies, schools, and homes is referred to as the household & municipality waste. The communities across the United States provide several alternatives for safely and conveniently managing the household waste. The waste management companies target on employing new technologies for recycling significant quantities of waste while even minimizing and recycling this waste.
The FWM market, by application is segmented into power generation, biofuel, fertilizers, and animal feed. The animal feed segment accounts for the largest FWM market share in 2016. The food waste primarily consists of organic waste that can be safely deployed as feedstuff, rather complete sterilization, and can be entirely decontaminated through thermal treatment. There are several techniques for achieving animal feed from the food waste for instance, processing of the organic waste from larvae to derive feed.