The Asia Pacific Food Waste Management Market is expected to witness market growth of 8.0% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Food Waste Management Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.61 billion by 2031. The Japan market is expected to witness a CAGR of 7.3% during 2024-2031. Additionally, the India market would register a CAGR of 8.7% during 2024-2031.
Food redistribution involves collecting surplus food from retailers, manufacturers, and consumers and distributing it to charitable organizations or needy individuals. This practice plays a crucial role in alleviating food insecurity while preventing edible food from being wasted. Organizations such as food banks are central to these efforts.
Adopting food waste management practices has gained momentum across various sectors, with governments, businesses, and consumers all recognizing the importance of reducing food waste. Corporations, especially those in the food and beverage industry, are increasingly adopting food waste management practices as part of their sustainability goals. Companies like Walmart, Nestlé, and Unilever have committed to reducing food waste within their operations and supply chains. Many large-scale food producers and retailers have implemented measures such as donating unsold food, improving packaging, and using technology to forecast demand more accurately.
India’s hotel industry contributes to the growing demand for food waste management services. The USDA reports that the sector’s value was estimated at $23.50 billion in 2023 and is projected to reach $29.61 billion by 2028, with a compound annual growth rate (CAGR) of 4.73%. This growth is fuelled by a surge in tourism, urbanization, and changing consumer lifestyles. However, it also significantly increases food waste generation, particularly in luxury and large-scale hotel operations. Hotels are investing in waste reduction strategies such as food donation programs, composting, and on-site organic waste treatment systems to combat this issue. Government incentives to reduce food waste in the hospitality sector further encourage businesses to adopt sustainable practices, boosting market in India. Therefore, rapid industrial growth and an expanding hotel industry fuel the need for efficient food waste management systems.
The China market dominated the Asia Pacific Food Waste Management Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.61 billion by 2031. The Japan market is expected to witness a CAGR of 7.3% during 2024-2031. Additionally, the India market would register a CAGR of 8.7% during 2024-2031.
Food redistribution involves collecting surplus food from retailers, manufacturers, and consumers and distributing it to charitable organizations or needy individuals. This practice plays a crucial role in alleviating food insecurity while preventing edible food from being wasted. Organizations such as food banks are central to these efforts.
Adopting food waste management practices has gained momentum across various sectors, with governments, businesses, and consumers all recognizing the importance of reducing food waste. Corporations, especially those in the food and beverage industry, are increasingly adopting food waste management practices as part of their sustainability goals. Companies like Walmart, Nestlé, and Unilever have committed to reducing food waste within their operations and supply chains. Many large-scale food producers and retailers have implemented measures such as donating unsold food, improving packaging, and using technology to forecast demand more accurately.
India’s hotel industry contributes to the growing demand for food waste management services. The USDA reports that the sector’s value was estimated at $23.50 billion in 2023 and is projected to reach $29.61 billion by 2028, with a compound annual growth rate (CAGR) of 4.73%. This growth is fuelled by a surge in tourism, urbanization, and changing consumer lifestyles. However, it also significantly increases food waste generation, particularly in luxury and large-scale hotel operations. Hotels are investing in waste reduction strategies such as food donation programs, composting, and on-site organic waste treatment systems to combat this issue. Government incentives to reduce food waste in the hospitality sector further encourage businesses to adopt sustainable practices, boosting market in India. Therefore, rapid industrial growth and an expanding hotel industry fuel the need for efficient food waste management systems.
List of Key Companies Profiled
- Veolia Environnement S.A.
- Suez S.A.
- Waste Management, Inc.
- Republic Services, Inc. (Cascade Investment Group, Inc.)
- Reworld Waste, LLC
- Stericycle, Inc.
- Clean Harbors, Inc.
- Biffa plc (Energy Capital Partners Management, LP)
- Remondis SE & Co. KG (Rethmann Se & Co. Kg)
- Cleanaway Waste Management Limited
Market Report Segmentation
By Source
- Residential
- Commercial
- Industrial
By Process
- Anaerobic Digestion
- Aerobic Digestion
- Incineration/Combustion
- Other Processes
By Application
- Animal Feed
- Fertilizers
- Biofuel
- Power Generation
By Waste Type
- Fruits & Vegetables
- Cereals, Oilseeds & Pulses
- Non Veg Food
- Dairy Products
- Other Types
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Food Waste Management Market by Source
Chapter 5. Asia Pacific Food Waste Management Market by Process
Chapter 6. Asia Pacific Food Waste Management Market by Application
Chapter 7. Asia Pacific Food Waste Management Market by Waste Type
Chapter 8. Asia Pacific Food Waste Management Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Veolia Environnement S.A.
- Suez S.A.
- Waste Management, Inc.
- Republic Services, Inc. (Cascade Investment Group, Inc.)
- Reworld Waste, LLC
- Stericycle, Inc.
- Clean Harbors, Inc.
- Biffa plc (Energy Capital Partners Management, LP)
- Remondis SE & Co. KG (Rethmann Se & Co. Kg)
- Cleanaway Waste Management Limited
Methodology
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