The size of the global market for reducing food waste was substantial in 2020 and is predicted to experience a stable compound annual growth rate in revenue over the forecast period. Factors that are propelling the growth of the market include the need to address global issues such as climate change, pollution, and biodiversity loss, the increasing amount of food waste, and government investments that support the reduction of food waste. Furthermore, the drive to enhance food security and reduce the burden on waste management systems are expected to fuel demand for food waste reduction and contribute to the growth of the market.
Food waste refers to the total loss and waste of food at various stages of the food supply chain, including production, post-harvest, processing, distribution, and consumption. Globally, an estimated 14% of food is lost from harvest to retail, and about 17% of total global food production is wasted. This waste poses a threat to the long-term sustainability of our food systems. Reducing food waste is beneficial to the environment since it prevents food from being deposited in landfills. It also makes economic sense at both a small scale, by lowering household food costs, and at a large scale, by reducing disposal costs for restaurants, processors, and farmers. Ultimately, reducing food waste is socially significant because the saved food can be redirected to emergency food providers to address hunger.
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Top Companies Operating in the Global Food Waste Reduction Market Report:
- Oddbox
- Zero Hunger
- Motatos
- ReFed
- Winnow Solutions
- Orora
- TetraPak
- Phood Solutions
- Copia
- TotalCtrl
- 412 Food Rescue
- General Mills
- HelloFresh
- Grind2Energy
- BT9
- Feeding America
- Whole Foods
The factors that drive the industry's growth are highlighted in the report. The report divides the Food Waste Reduction market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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This report analyzes the Food Waste Reduction market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Food Waste Reduction market is provided to gain a deeper understanding of its growth and progress.
The global Food Waste Reduction market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Food Type Outlook (Revenue, USD Billion; 2018-2028)
- Cereals
- Dairy Products
- Fruits Vegetables
- Meat
- Fish Sea Food
- Processed Food
Services Outlook (Revenue, USD Billion; 2018-2028)
- Processing Plant
- Warehousing Cold Storage
- Cropping Pattern Consulting
- Supply Chain
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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