Demand for Renewable Energy Propels Food Waste Management Market, Says FMI

VALLEY COTTAGE, N.Y. – Food waste management solutions have been garnering huge prominence owing to rising food wastage every year. Food wastage results in ineffectiveness of food value chains, and shortage of food. FMI finds that majority of food wasted in developed countries occurs in supply chain, which includes manufacturers, processors, distributors, transportation & logistics, and retailers. While in developing countries, food wastage occurs in initial phases of supply chain due to inept processing methods, and limited technology.

In order to curb food losses, food manufacturers are hiring food waste management service providers. Realizing surging demand for renewable energy, players are introducing innovative food waste processing techniques to produce biomass, animal feeds, and alternative fuels. The EPA (Environmental Protection Agency) reveals that food contributes to ~22% of disposed of municipal solid waste generated in the US. As such, major companies are various centers to collect food wastes at source level and implement recycling methods.

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Against the backdrop of increasing promotional activities, and investments in renewable energy generation, North America is offering plethora of opportunities to market players. FMI, in its recent business report, finds that global food waste management market is estimated to reach ~US$ 55 Bn in 2019, and is projected to grow at a promising CAGR of ~6% over forecast period (2019 – 2027).

Manufacturers Prefer Food Waste Prevention and Recycling

Majority of food wastage occurs throughout supply chain, from primary consumption to final consumption. Recent studies suggest that consumers prefer food products manufactured from companies that embrace waste prevention and recycling techniques. In a bid to sustain brand reputation, companies are utilizing food waste prevention and recycling methods. For instance, Turning Earth produces electricity and natural gas from food wastes via anaerobic digestion. Quest Recycling Services offers recycling facilities to aid manufacturers decrease waste-disposal expenses.

Preview Analysis of 2019 Analysis and Review of Food Waste Management Market by Waste Type – Food Production Waste, Food Processing Waste, Distribution & Supply Chain Waste, Retail Waste, and Consumption Waste for 2019 – 2027:

Leading players are investing in food waste prevention by inspecting factors leading to food wastage. They are organizing on-premise campaigns to create awareness among workers regarding food waste management, and are innovating methods to ensure minimal waste generation at each node of food manufacturing & transportation.

Analysts at FMI remark that “Concerns apropos food wastage have been growing since decades, particularly in developed countries. Consumers are getting familiarized with food waste management via promotional campaigns and online platforms. Food manufacturers are utilizing innovative ways to treat food waste, which includes, enzyme-based food management, and automated waste collection, for creating renewable energy.”

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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