"Food Waste Management Market: Trends, Insights, and Forecasts to 2030"
Data Bridge
Market Research predicts that the food waste management market will experience
growth during the forecast period of 2021 to 2028, with a projected Compound
Annual Growth Rate (CAGR) of 5.98%. This growth is primarily driven by the
increasing concerns surrounding food waste. Food waste refers to uneaten or
abandoned solid or liquid food. The process of food waste management involves
various actions and activities aimed at managing this waste from its initial
collection to its ultimate disposal. Key steps in food waste management include
collection, treatment, and disposal.
Market Insights and Scope
The
food industry's growth is a significant factor driving market growth. Rapid
urbanization and industrialization in developing countries, increased use of
organic waste for animal feed and fertilizer production, and changing consumer
preferences for new and exotic food items, such as tropical fruits, premium
coffee, and imported products, have also contributed to market growth.
Furthermore, the development of new supply chains resulting from the increasing
trade of food and food ingredients between various countries has led to an
increase in food waste. Stringent regulations by government and food management
bodies are also major factors driving the food waste management market.
Additionally, research and development activities and increasing modernization
of new products in the market will create new opportunities for the food waste
management market during the forecast period of 2021-2028.
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