A glance at the market of food waste management (2020-2025)

food waste management
Market Research

With the increase in food trade between different countries, the consumption of new and strange foods has also gone up, so it is expected that the amount of waste in these foods will also have an upward trend. According to the Food and Agriculture Organization of the United Nations, one-third of all food is discarded and disposed of annually, so various countries are trying to enact strict rules for food waste management, which will lead to the growth of the food waste management market.

Market / Industry segment of food waste management

Base Year Market size(B$) Duration(YEAR) CAGR(%) Source Name
2019 32.64 7 5% Grand view research
2016 30 6 5.97% Market and market
2017 31.47 6 6.10%KBV research
2017 21.996 6% Zion market research
2019 31.3 5 6.60% BCCresearch

Influencing factors that changes market size of food waste management

The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of food waste management.

Direct drivers:

  • High access to healthy and inexpensive food
  • Awareness of environmental problems
  • Building culture in media

Reverse drivers:

  • Lack of public awareness
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This market may also be threatened by following risks:

High cost of scientific disposal and waste management systems
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of food waste management may also be threatened by following risks:

  • Technology risk
  • Manufacturing risk
  • Stage of business
  • Funding risk

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