The size of the global market for reducing food waste was substantial in 2020 and is predicted to experience a stable compound annual growth rate in revenue over the forecast period. Factors that are propelling the growth of the market include the need to address global issues such as climate change, pollution, and biodiversity loss, the increasing amount of food waste, and government investments that support the reduction of food waste. Furthermore, the drive to enhance food security and reduce the burden on waste management systems are expected to fuel demand for food waste reduction and contribute to the growth of the market.
Food waste refers to the total loss and waste of food at various stages of the food supply chain, including production, post-harvest, processing, distribution, and consumption. Globally, an estimated 14% of food is lost from harvest to retail, and about 17% of total global food production is wasted. This waste poses a threat to the long-term sustainability of our food systems. Reducing food waste is beneficial to the environment since it prevents food from being deposited in landfills. It also makes economic sense at both a small scale, by lowering household food costs, and at a large scale, by reducing disposal costs for restaurants, processors, and farmers. Ultimately, reducing food waste is socially significant because the saved food can be redirected to emergency food providers to address hunger.
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Top Companies Operating in the Global Food Waste Recycling Machine Market Report:
- Oddbox
- Zero Hunger
- Motatos
- ReFed
- Winnow Solutions
- Orora
- TetraPak
- Phood Solutions
- Copia
- TotalCtrl
- 412 Food Rescue
- General Mills
- HelloFresh
- Grind2Energy
- BT9
- Feeding America
- Whole Foods
Restraining Growth of Food Waste Recycling Machine Market
- Lack of awareness and education: While awareness about food waste reduction is increasing, there is still a lack of education and understanding about the issue in some parts of the world. This may hinder the adoption of food waste reduction practices and technologies.
- Cost and complexity: Implementing food waste reduction strategies and technologies can be costly and complex for some businesses, especially smaller ones. This may make it difficult for them to invest in solutions to reduce their food waste.
- Infrastructure challenges: In some regions, the infrastructure needed to support food waste reduction may be inadequate or non-existent. For example, there may be a lack of composting facilities or food recovery programs, which can hinder efforts to reduce food waste.
- Cultural and social factors: Cultural and social factors may also impact the adoption of food waste reduction practices. For example, some cultures may place a high value on abundance and may be less likely to adopt practices that limit the amount of food available.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Food Waste Recycling Machine Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Food Waste Recycling Machine Market is provided to gain a deeper understanding of its growth and progress.
The global Food Waste Recycling Machine Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Food Type Outlook (Revenue, USD Billion; 2018-2028)
- Cereals
- Dairy Products
- Fruits Vegetables
- Meat
- Fish Sea Food
- Processed Food
Services Outlook (Revenue, USD Billion; 2018-2028)
- Processing Plant
- Warehousing Cold Storage
- Cropping Pattern Consulting
- Supply Chain
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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