Middle East and Africa Food Waste Management Market

Middle East and Africa Food Waste Management Market Size and Growth Rate Analysis:

The Middle East and Africa Food Waste Management Market is expected to experience moderate growth to record a CAGR of 5.7% 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 find a significant part in the production of biofuels, soap, pet food, cosmetics, toothpaste, leather, lubricants, pharmaceuticals, etc. Food waste is expected 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 Middle East and Africa Food Waste Management Market.

Furthermore, unwanted food spills at weddings, parties, restaurants, and hotels also support the need for good food waste management, contributing to the growth of the Middle East and Africa Food Waste Management Market during the forecast period.

Recent Developments

1. In August 2020, Advanced Disposal Services, Inc. announced that in a special virtual meeting of shareholders, the company's shareholders voted in favor of the adoption of the Merger Agreement Amended.
2. In June 2020, Recycle Track Systems (RTS) announced a major agreement with Enevo, Inc., the US subsidiary of the Enevo Group, increasing the growth of the RTS market in the Northeast, Midwest and West regions and expanding its recycling and waste tracking capabilities.
3. Viridor has announced its intention to continue investing in critical energy recovery and recycling infrastructure in the UK, following the successful completion of KKR's £ 4.2 billion commercial acquisition. In March, Pennon Group announced its intention to sell Viridor to Planets UK Bidco Limited, a new company formed with funds advised by KKR.
4. Danone Manifesto Ventures led an investment cycle in food waste management startup Phenix, which received new investment from ETF partners BPI, Sofiouest and INCO. France-based Phenix has pioneered a platform that enables consumers to reduce food waste by purchasing unsold products from local retailers, food producers, and stores at a reduced price, thanks to a mobile app.
5. Blue Planet Environmental Solutions Pte Ltd, a Singapore-based waste management company backed by private equity firm Neev Fund, has acquired a Pune-based waste treatment company Xeon Waste Managers LLP.
6. UK waste and recycling broker UKWSL has completed the acquisition of C&M Waste Management.
7. Biffa acquired Weir Waste in August 2018, one of the leading providers of waste management services in the Midlands. Biffa, now part of Weir, offers a full range of waste management services for businesses in Birmingham and the Midlands.

Market Drivers and Restraints:

The Middle East and Africa Food Waste Management Market is expected to see substantial growth due to the increase in the number of unwanted landfills as a result of processing losses, production efficiency, production inefficiency and consumption problems. The elimination of production plants is evolving as a social and economic concern with important implications for the environment. Uneven production and consumption in restaurants, at home, at weddings and parties results in considerable waste, and therefore the MEA food waste management market is supposed to grow significantly over the forecast period. Rising energy needs will bolster the growth of this regional food waste management market. Substances released from industry that are not recycled will be disposed of in waste-to-energy facilities for energy recovery. The growing demand for end-use applications, including animal feed, renewable energy and other industrial applications, will contribute to the growth of the Middle East and Africa food waste management market. The increase in demand is also complemented by the rising application of divestments in the manufacture of fertilizers. The industry focuses on renewable energy sources, primarily biogas, which is gaining popularity due to greenhouse gases and economic processing costs. Growing concerns regarding the environmental impact and feeding the growing population by drastically reducing losses and waste in developed and developing countries will contribute to the growth of the local food waste management market.

Middle East and Africa Food Waste Management Market Detailed Segmentation Analysis:

By Waste Type Segment:

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

By Process Segment:

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

By Application Segment:

• Animal Feed
• Fertilizers
• Biofuel
• Power Generation

By Source Segment:

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

By Method Segment: 

• Prevention
• Recovery
• Recycling
• Others

Middle East and Africa Food Waste Management Market have classified into:

• Saudi Arabia
• Egypt
• United Arab Emirates
• South Africa

Regional Share Insights of the Middle East and African Market:

The market for the Middle East and Africa Food Waste Management has been classified on the basis of geography to offer a clear understanding of the business. The Middle East and Africa Food Waste Management Market have been divided into Egypt, Saudi Arabia, Israel, and the Rest of the Middle East and Africa. Advanced economies in the Middle East and Africa, such as Qatar, are a significant contributor to global food waste due to a lack of availability of a sufficient number of cold stores and warehouses, and a lack of transportation. However, regional governments are focusing on the proper management of this waste. For example, Dubai took the initiative to achieve zero waste and launched the UAE Food Bank.

Leading Company:

Andritz Ag had the largest share of the Middle East and Africa Food Waste Management Market in terms of sales and revenue in 2019.

Top Leading Major Manufacturers listed in this market report are:

1. Advanced Disposal Services, Inc.
2. Republic Services, Inc.
3. Waste Management, Inc.
4. Waste Connections Inc.
5. Stericycle, Inc.
6. Clean Harbors, Inc.
7. FCC Environment Ltd.
8. Veolia Environnement SA
9. CT Environmental Group Ltd.
10. Recology Inc