Houston, TX -- (SBWire) -- 02/01/2019 --Food waste is considered as the one which is removed from the food supply chain, which once was or is fit for human consumption. The wastage of food is mainly caused due to the economic behavior, poor stock management and neglecting the spoilage and expiry date of the food. In the current scenario, Food Waste Management Market are extremely inefficient due to which there is great wastage of food. Recycling the food and other organic waste is a fresh idea that can produce both economic and environmental savings. Reduction of the current level of food waste is accompanied by the better management of the waste which is generated.
Global Food Waste Management Markets accounted for $26.86 billion in 2019 and is expected to reach $53.34 billion by 2025 growing at a CAGR of +7% during the forecast period.
The market for demand response is anticipated to grow due to the development of smart grids together with initiation of regulations concerning power demand management & emissions saving. The report can efficiently help the businesses in addressing the flouts strategically to gain an overall benefit in the Food Waste Management market. Data affecting the recent products and technological developments observed in the market, complete with an investigation of the influence of these improvements, is included in the report.
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Top Key Vendors in Market:
Givaudan S.A., Symrise AG, International Flavors & Fragrances Inc., Firmenich SA, Sensient Technologies Corporation, Takasago International Corporation, Frutarom Industries Ltd., Robertet SA, S H Kelkar and Company Limited, International Taste Solutions Ltd, Dohler GmbH, Blue Pacific Flavors, Archer Daniels Midland Company, Fona International, Inc., Jean Gazignaire S.A., Fleurchem Inc., Comax Flavors, Abelei Inc., Teawolf Inc., Mane SA
On basis of application, animal feed and fertilizers, biofuel and power generation formed major segments for food waste management market with animal feed dominating other segments. Primary food producers, food manufacturers, food distributors & suppliers, food service providers, municipalities & households are various end-user segments where municipalities & households sub-segment dominated market due to more waste from residential areas from day to day basis.
The Food Waste Management Market is divided into the regions such as North America, Europe, Asia Pacific (APAC), Middle East and Latin America (MEA). The Asia Pacific has been playing a significant role in expanding the accessibility of the product in developing countries like India and China. Lack of complete resource availability that is required for undertaking intensive research is considered outlining the most common boundaries of needful parts.
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Reasons to Purchase Market Report:
- Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the market.
- The Food Waste Management market segmentation on the basis of type, source, end-user, and region has been provided.
- The Market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of study.
- Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
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