Food Waste Management Market Driven by Stringent Regulations to Curb Food Wastage
Food Waste Management Market The global food waste management market is projected to witness high growth owing to stringent regulations implemented by various governments to curb food wastage across production, distribution, and consumption. Food waste management involves the process of collecting and managing discarded food materials and recovering valuable components from it. The growing awareness about food recycling and recovery has boosted the demand for technologies and services to convert food discards into useful by-products. The global food waste management market is estimated to be valued at US$ 113.13 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031. Food waste management helps reduce the volume of food scraps sent to landfills and lessens Methane emissions which are released during decomposition. It also recovers substantial resources from food rejects and transforms them into low-carbon animal feed, fertili...