Latin America Food Waste Management Market

Latin America Food Waste Management Market Size and Growth Rate Analysis:

The Latin America Food Waste Management Market is expected to experience moderate growth to record a CAGR of 7% throughout the forecast period 2022 - 2027. Food waste is primarily made up of animal oils, fats, and by-products that become marketable products, especially tallow, meat, and protein-rich fats, among others. These products are applicable in the making of biofuels, soap, pet food, cosmetics, toothpaste, leather, lubricants, pharmaceuticals, etc. Food waste is supposed to increase at an alarming rate, which will cause several challenges for the food industry during the forecast period, resulting in the growth of the Latin America Food Waste Management Market. Furthermore, unwanted food spills at weddings, parties, restaurants and hotels also support the need for proper food waste management. All these aspects propel the growth of the Latin America Food Waste Management Market during the foreseen period.

Latin America Food Waste Management Market Drivers and Restraints:

Rapid industrialization and increased R&D activities to develop efficient systems should have a positive influence on growth. The increasing use of organic waste for the production of animal feed and fertilizers, the reduction of greenhouse gas emissions and the rising energy needs are the factors that should stimulate the demand for waste management systems. Food Increased consumption of processed foods, including prepared meals, is also expected to stimulate demand. The rise in health-conscious among consumers in the country is likely to boost the consumption of fruits and vegetables, thus causing an increase in food waste production. In addition, the government initiative to educate people on proper storage methods for fruits and vegetables to prevent rot should stimulate growth.

The growing demand for improved technologies, such as gasification for waste treatment, is expected to create new opportunities in the next seven years. The gasification process converts organic materials such as biomass or combinations of inorganic and organic surpluses into a combustible gas called synthesis gas. The negative effects of incineration and landfill techniques on the environment are supposed to hamper Latin America Food Waste Management Market growth. Both incineration and landfill contribute to GHG emissions, the leading cause of global warming. The incineration process involves burning the waste to turn it into ash and heat. Anaerobic digestion is the latest technological improvement that should stimulate industrial growth to eliminate food waste, as it helps to recover energy and nutrients from products. Waste separation and collection is a significant challenge that is presumed to stimulate industry demand during the prediction period.

Latin America Food Waste Management Market Detailed Segmentation Analysis:

By Waste Type:

• Cereals
• Dairy Products
• Fruits & Vegetables
• Meat
• Fish & Sea Food
• Processed Food

By Process:

• Aerobic Digestion
• Anaerobic Digestion
• Combustion/Incineration
• Others

By Application:

• Animal Feed
• Fertilizers
• Biofuel
• Power Generation

By Source:

• Primary Food Producers
• Food Manufacturers
• Food Distributors & Suppliers
• Food Service Providers
• Municipalities & Households

By Method: 

• Prevention
• Recovery
• Recycling
• Others

The Latin America Food Waste Management Market has classified into:

• Argentina
• Brazil
• Mexico

Impact of COVID-19 on Latin America Food Waste Management Market

While food and beverage manufacturers and processors are more likely to be affected by a shortage of labor and raw materials needed for the production process, food service and retail outlets must be facing more intense challenges from the beginning. For food retailers, the challenge would be to face the possibility of an irregular influx of consumers and, on the other hand, also assess the possibility of storing food products and beverages to ensure business continuity consumer access to the products they intend to buy. However, a prolonged outbreak of COVID-19 will generate economic instability and food inflation.

Regional Analysis:

The Latin America Food Waste Management market has been divided by geography into Mexico, Brazil, Peru, Chile, and the rest of the Latin America. Latin America is one of the key emerging regions, which will generate significant opportunities in the Food Waste Management Market during the outlook period due growing demand for improved technologies such as gasification for waste treatment is expected to create new opportunities in the next seven years.

Leading Company

Veolia Environnement S.A. had the substantial share of the Latin America Food Waste Management Market in terms of sales and revenue in 2019.

Key Players

Key players in the Latin America Food Waste Management Market include Biffa Group Limited, Clean Harbors, Inc., Veolia Environnement S.A., Waste Connections, REMONDIS SE & Co. KG, Covanta Holding Corporation, Republic Services, Inc., Stericycle, Inc., Waste Management, Inc., and SUEZ