Global Food Waste Management Market by Top Players, Evolving Trends, Share, Forecast by 2027 - Future Market Insights
Global Food Waste Management Market: Food Processing Waste Segment to Lead
Valley Cottage, New York, November 14, 2017 (Newswire.com) - Future Market Insights (FMI) has published a new report, which is titled, “Food Waste Management Market: Retail Wastes Segment to Witness Relatively Low CAGR as Compared to Other Waste Type Segments over the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 – 2027.” The global food waste management market is driven by the growing seafood processing waste, agriculture produce processing waste, meat and poultry processing waste, and dairy food processing waste. The extent of waste generated from these industries is unimaginable. This has given the players within the global food waste management market opportunities to target food processing waste segment as business expansion and development strategy.
The report discusses in detail, the key factors propelling the growth of the global food waste management market as well as the various reasons that are restricting the market’s growth from reaching its fullest potential. The impact analysis of these restraining factors has also been given. The market is segmented on the basis of key criteria and each segment and sub-segment are studied so as to cover all the aspects of the market. The report points out the leading, declining, and fastest growing segments. The segment to witness sluggish growth is also given.
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According to FMI, among the various types of waste generated, food processing waste is estimated to beat all other segments and reach US$35 bn by 2027 and expand at a 6.8% CAGR from 2017 to 2027. The volume consumption of the food processing waste segment will reach 182 mn tons by 2027, expanding at a rate of 5.1%. The consumption waste segment is estimated to reach US$30 bn by 2027. In terms of volume, the consumption waste segment will reach 139 mn tons by 2027. The segment is anticipated to expand at a 6% CAGR during the period from 2017 to 2027. By volume, this segment will witness an expansion of 4.4% from 2017 to 2027.
Thus, the food processing waste and consumption waste will be the two segments that will dominate in the global food waste management market by revenue. In 2017, the food processing waste segment is estimated to account for 39% and the consumption segment will hold 34% share in the market. The food processing waste segment is likely to increase by 210 basis points and the consumption waste segment will lose 90 basis points by 2027. The revenue from the food processing waste segment will rise at Y-o-Y growth rates, which will range from 5.2% to 4.7% over 2017–2027. The revenue from the food production waste segment will witness low growth rate and account for a meager 9% value share during the forecast period.
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The food waste generation is high in developed nations, finds the study from FMI. Governments across many nations have laid stringent rules that govern the effective management of food waste as well as the disposal of the same.
The report profiles key players within the global food waste management market for the purpose of study. The business strategies employed by these companies and the expansion strategies they adopt are also studied. The information on mergers and acquisitions, collaborations, and partnerships is also given in the report.
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Source: Future Market Insights