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Global Food Waste Management Market | Food and Beverages

The Global Food Waste Management Market is likely to witness growth with a CAGR of 5.66% during the forecast period 2023-2030. Request a Free Sample Report

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Global Food Waste Management Market | Food and Beverages

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  1. Food Waste Management Market: Initiating Efficiency Via Sustainability Overtheyears,theshareofglobalfoodwastagehasrisensignificantly,havingadetrimentaleffectontheeconomyandtheenvironment.AspertheFoodandAgricultureOrganization,nearlyone-thirdofthefoodgetswastedannually,accountingforaround1.3billiontons.Moreover,theUNFoodWasteIndexReport2021reportedthatapproximately17%ofthefoodiswastedattheretailandconsumerlevels.Thisfoodlossindicatesthedepletionofnaturalresources,necessitatingthedevelopmentofwastemanagementsystemstoenhancefoodsecurityandsustainability.Triton’sanalysissuggeststhattheglobal food waste management marketisestimatedtoexpandwithaCAGRof5.66%from2023to2030. Additionally,themarketisexpectedtogarnerrevenueworth$63.31billionby2030.Governmentsgloballyareacknowledgingtheimportanceoffoodwastemanagementsolutions.Forinstance,inFebruary2023,theUSDepartmentofAgriculture(USDA)investedmorethan$9.4millionin45compostandfoodwastereductionprojectsthatsupportscalablewastemanagementplanstodecreaseanddeflectfoodwastefromlandfills. Globalfooddepletionhaspavedthepathforinnovativesolutions,fromorganicfeedproductiontotechnology-drivenwastemanagement.Let’stakeadeeperlookintothesemajortrends. HarnessingOrganicWastePower:DrivingEfficiencyinAnimalFeedandFertilizerProduction Oneofthekeysustainablesolutionstoreducefoodwastageinlandfillsisitsuseinanimalfeedproduction,particularlylivestock.Thiswastemanagementsolutionsimultaneouslyhelpsaddress issueslikefoodsecurity,resourceconservation,pollution,andclimatechange.AsperTriton’s

  2. analysis,intermsoftherecyclingservicesegment,theanimalfeedcategoryisestimatedtoadvancewithaCAGRof6.29%over2023-2030.analysis,intermsoftherecyclingservicesegment,theanimalfeedcategoryisestimatedtoadvancewithaCAGRof6.29%over2023-2030. Moreover,thissustainablemethodcontributesheavilytoacirculareconomy,promptingvariousstrategicinitiatives.Forinstance,inJanuary2023,NestCo-FounderMatt Rogersintroducedanewservicethatenablesconsumerstoturnhouseholdwasteintochickenfeedfor$33permonth. Further,foodssuchasfruits,vegetables,dairy,cereals,bread,etc.,haveemergedaskeyfertilizingagents,enhancingsoilhealth,reducingerosion,andimprovingwaterquality.Likewise,organicfoodwastecanbeusedfornaturalgasandbiofuelproduction,lesseningrelianceonfossilfuels.Giventheseparameters,fruitsandvegetablesisanticipatedtoemergeasthefastest-growingwastetypeataCAGRof6.02%duringtheforecastperiod2023-2030.Inadditiontobeingagoodsourceofmicroandmacronutrients,foodwasteeliminatesvariousplantdiseases.Hence,theincreasingtrendofconversionoforganicfoodwastetoanimalfeedandfertilizerwidenstheglobalscopeoffoodwastemanagement. CombatingFoodWastagewithTech-DrivenManagement Inthewastemanagementsector,therehasbeenagrowinginclinationamongtheleadingplayerstoreconsiderconventionalmethodsandadoptcutting-edgesolutions.Inthisregard,bigdatahasenabledorganizationstoaccuratelygaindataongarbagelevels,increasingoperationalefficiency. Further,smartwastemanagementviaAI,machinelearning,andIoTimproveseveryfacetoftrashmanagement,fromcollectiontorecycling. Accordingly,easyJet Holidays,inMarch2023,introducedanAI-poweredhotelfoodwastereductionschemeinpartnershipwithWinnow.ThisschemewillenablepartnerhotelstoleverageAItorunmoresustainablekitchens. Furthermore,accordingtotheUSDepartmentofAgriculture,around30-40%ofthefoodsupplyiswasted,costingapproximately$218billion.Moreover,foodaccountsfor24%ofthesolidwasteinlandfills.ThishighwastageresultedintheintroductionofafederalinteragencystrategybetweenUSDA,EPA,andFDAtoaddressfoodwasteundertheWinningonReducingFoodWasteInitiative.Asaresult,governmentinitiativesbackedbytechnologicaladvancementsfueltheNorth America foodwaste management market’sexpansion,spearheadedbytheUnitedStates. IncreasedFoodDemandNecessitatesEffectiveManagement AsperUnitedNations,theglobalhumanpopulationreached8billioninmid-November2022.Thisnumberisexpectedtosurgebynearly2billionby2050.Thiswillboostfoodconsumption,simultaneouslyaddingtofoodwastagelevels.Additionally,thegrowingdemandforready-to-eatmealsandflexiblepackagingsolutionshassoaredretailandeCommercefoodsalesinrecentyears. What’smore,witharound11.3%oftheworld’spopulationsufferingfromchronichungerandmalnutrition,effectivefoodmanagementhasbecomecrucialforbusinessesandcommunities.Asaresult,theneedtocreateworkable,sustainablesolutionstoescalatingfoodwasteisestimatedtocreateopportunitiesforthefoodwastemanagementmarket. FAQs: Q1)Whatisthesizeofthefoodwastemanagementmarket?

  3. In2022,theglobalfoodwastemanagementmarketgarnered$40.55million.Q2)Whicharethemajorfoodwastetypes?In2022,theglobalfoodwastemanagementmarketgarnered$40.55million.Q2)Whicharethemajorfoodwastetypes? Fruits&vegetables,processedfood,cereal,anddairyproductsaremajorfoodwastetypes.

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