Food Waste Management Market Share, Size, Trends, Industry Analysis Report, By Waste (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Sea, Processed); By Process; By Source; By Application; By Region; Segment Forecast, 2022 - 2029

Food Waste Management Market Share, Size, Trends, Industry Analysis Report, By Waste (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Sea, Processed); By Process; By Source; By Application; By Region; Segment Forecast, 2022 - 2029

The global food waste management market size is expected to reach USD 58.92 billion by 2029 according to a new study by Polaris Market Research. The report “Food Waste Management Market Share, Size, Trends, Industry Analysis Report, By Waste (Cereals, Dairy Products, Fruits & Vegetables, Meat, Fish & Sea, Processed); By Process; By Source; By Application; By Region; Segment Forecast, 2021 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising population, along with the change in consumers eating preferences, is expected to drive the growth of the food waste management industry. The wastage is generated at every stage of the supply chain ranging from production and processing to transportation and consumption. According to the FAO, both high- and low-income countries discard almost equal amounts of the meal, i.e., 670 and 630 Billion tons, respectively. The rising environmental concern is another major reason responsible for the industry growth. The generated consumable debris goes into the landfills that produce methane gas which is accountable for global warming and climate change.