- Food companies voluntarily contact the players operating in the market to gain their support & guidance for & managing the waste occurring at each stage of production cycle.
- The market appears to be moderately competitive yet fragmented.
- Due to initiative programs run by governments, people are increasingly becoming aware of the advantages of saving the food resources.
Food Waste Management companies conduct regional or countrywide surveys to understand the consumer pattern right from the food purchase, preparation, consumption to left over, further guiding them on the best practices to control waste.
The process of Food Waste Management does not end here and continues to the collection of food wasted during the production cycle & household leftovers. The collected food is then transported to the processing (segregation, treatment & recycling) facilities and then packed and distributed to needy households. And here the process of food waste managements is accomplished.
Global Government is the largest driving force behind the well-spread awareness. Government entities appoint companies active in Food Waste Management market to gain the support with the outreach program spreading awareness through social media, other publicity means and collateral materials bearing the Food Waste Reduction messages. Growing with the population upsurge, ecological concerns are worsening worldwide, further prompting the need to use available food resources wisely while controlling waste. Due to initiative programs run by governments, people are increasingly becoming aware of the advantages of saving the food resources.
Food companies voluntarily contact the players operating in the market to gain their support & guidance for & managing the waste occurring at each stage of production cycle. In addition, these market players also support various industry stakeholders to practice food waste management guiding them on how to reduce food waste across the supply chain.
The market is predominantly driven by the food processing waste worldwide. Burgeoning Food & Beverages industry equally contributes to the market growth. Moreover, the numerous systems implemented over the past decade such as aerobic and anaerobic digestion processes used for recycling food waste has proven to be significantly effective in controlliFood Waste Management Market Makes World Better at Significant Profitg food wasted in the supply chain. This factor is one of the key propellers of the market. In developing economies increasing literacy is one of the driving forces behind the increasing awareness. Activists of Food Waste controlling are meeting the farmers & guiding them about waste controlling process at the level of production & processing of produces.
Leading Key Players
The market appears to be moderately competitive yet fragmented. Key Players operating in the market strive to improvise technological processes in order to reduce installation costs. The establishment of long-term contracts between this industry and downstream customers makes it difficult for new entrants to dilute the market share of pre-existing companies. Waste collection is a cumbersome process that utilizes more human effort & cost and is a critical aspect for the service providers. Hence Vendors operating in the market strive to develop solutions that can solve all those challenges. Andritz Ag (Austria), Veolia Environment S.A. (France), Republic Services, Inc. (U.S.), Waste Management, Inc. (U.S.), Waste Connections, Inc. (Canada), Covanta Holding Corporation (U.S.) and Stericycle, Inc. (U.S.)
Industry/ Innovation/ Related News
February 20, 2018 – University of California (US) announced that UCI along with some supermarkets, commercial catering businesses and restaurants are jointly running a program to convert food waste into electricity. The program involves a specialized process to mix the food waste through a bio slurry & pumped in to anaerobic digesters filled with bacteria that can break down the material, producing biogas containing methane which is further used to produce electricity. Some amount of the bio gas can also be converted into compressed natural gas to be used in vehicles as a cleaner bio fuel.
February 21, 2018 – The organization, named Food Waste (Scotland) announced its partnership with the Binn Group, a waste management firm. The collaboration will be working on producing energy from wasted food using (food waste) company’s re-processor.
For the convenience of the report and enhanced understanding; the report is segmented in to 3 key dynamics
By Processes: Comprises Anaerobic Digestion, Aerobic Digestion, Combustion and others.
By Food Waste Types: Production Waste, Processing Waste, Distribution and Supply Chain Waste, Retail Waste and Consumption Waste (household and food services).
By End Users: Fertilizer, Animal Feed, Renewable Energy, Biofuels and others.