Food Waste Management
Food waste is the third-largest producer of methane gas, making it an important contributor to global warming. One-third of the food produced in the world for human consumption – or about 1.3 billion tonnes – is wasted, according to the UN. – Africa contributes significantly to global food waste due to inadequate cold storage, warehouse, and transport facilities and limited investments in R&D. The growing world population is set to exacerbate the problem.
Capitalizing on Food Waste
• The global food waste management market was estimated at USD 32.64 billion in 2018, and was forecast to increase to USD 53.51 billion by 2026. Rapid industrialization and increasing R&D activities are expected to positively impact growth in the food waste management market
• Increasing use of organic waste for producing animal feed and fertilizers, reducing greenhouse emissions, and growing energy requirements are key factors expected to drive demand for food waste management systems and services
• Increasing access to technologies is creating space for innovative, market-based, environment-friendly opportunities to reduce food loss and waste throughout the food chain