In a recent report by Verified Market Research®, the Global Food Waste Management Market is projected to grow from USD 42.15 billion in 2023 to USD 60.64 billion by 2031, with a CAGR of 4.65% over the forecast period (2024-2031). This growth is driven by increasing environmental awareness, stringent government regulations, and technological advancements in waste management.
Key players in the market include Veolia Environnement, Suez, Waste Management Inc, and others. The market faces challenges such as high initial investment costs, complex regulatory frameworks, and logistical issues. North America and Europe lead the market due to advanced infrastructure and strong regulatory support, while developing regions lag due to inadequate infrastructure.
The report also segments the market by waste type (organic, inorganic, packaging), management method (landfill, incineration, composting, anaerobic digestion), end-user industry (food manufacturers, service providers, retailers, distribution & logistics), and geography.
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