Market Research Future (Food and Beverages) Food Waste Management Market | Page 3

Food Waste Management Market Research Report- Forecast to 2023
2 Market Overview
Food waste management refers to all the activities and actions mandatory to accomplish waste from its initiation to
its final clearance. Food waste management includes collection, transport, treatment, and disposal of waste together
with monitoring and regulation. Food processing wastage is one of the major reasons for the rising growth of food
waste management, which includes poultry, meat, and seafood processing waste, agricultural produce processing,
dairy food processing waste, and waste from other types of food processing.
Rapidly growing food service industry expected to drive the market over the forecast period. Food wastage is
relatively high in the quick service restaurant and other hotel chains. Furthermore, food wastage has increased in
food supply chain over the last decade owing to this several systems are installed, which involves aerobic and
anaerobic digestion processes for recycling food waste. It has been witnessed that the food waste is high in
developing and under developed countries. And to overcome this issue, governments of various countries are
coming up with stringent rules & regulation in order to minimize the food wastage. Food waste management
companies mostly focusing on the developing economies of Asia Pacific region to create strong awareness among
the consumers regarding food wastage and its management.
Regional Analysis:
Global food waste management market is segmented into North America, Europe, Asia Pacific, and Rest of the
World (RoW). Among these, North America is projected to retain its dominance over the forecast period 2017-2023.
This is attributed to the increasing supports and initiatives from Solid Waste Association of North America (SWANA)
in waste management, which include storage of residential waste, institutional, commercial, and industrial waste to
diminish waste in North America. Europe is expected to account for over 25% of the market proportion during the
review period 2017-2023. However, Asia Pacific region is estimated to witness a maximum growth in the global food
waste management market during the corresponding period 2017-2023.
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