India Food Waste Management Market Import Shipment Trend (2020-2024)
The India food waste management market import shipments demonstrated a robust growth trend with a high CAGR from 2020-2024. However, there was a slight decline in the growth rate between 2023 and 2024, indicating a stabilization in the market expansion. Overall, the market exhibited strong momentum and a positive growth trajectory during the period.
India Food Waste Management Market Synopsis
The India food waste management market size was estimated to be USD 1.9 billion and is expected to reach a value of USD 5.3 billion, exhibiting a CAGR of 16.6%. The major drivers for the growth of this market include an increasing awareness about environmental protection along with government initiatives such as Swachh Bharat Mission (SBM). Furthermore, the growing population base and rising demand for packaged food products are expected to contribute positively towards the growth of this market during the forecast period.
Market Drivers of the market
India food waste management market is witnessing a surge in demand due to several crucial drivers. The rapid growth of the food processing industry, coupled with increased awareness about food wastage and its environmental impact, has prompted the implementation of effective waste management solutions. Additionally, government initiatives and regulations aimed at reducing food wastage and promoting sustainable practices have played a pivotal role in driving the market`s growth. Moreover, the rising adoption of technological solutions for food waste management, such as smart bins and composting systems, has further boosted the market`s development.
Challenges of the Market
One of the main challenges is the issue of food waste management. India struggles with large quantities of food wastage at various stages of the supply chain, from production to consumption. Inefficiencies in storage, transportation, and distribution contribute to this problem. Addressing food waste requires effective collaboration among producers, retailers, and consumers, as well as the implementation of better storage and preservation technologies.
Covid-19 Impact on the Market
The food waste management market in India faced unique challenges during the pandemic. With disruptions in the supply chain and reduced consumption, food wastage increased in various stages of the supply chain, from production to retail. Lack of efficient logistics and storage facilities led to higher spoilage rates, exacerbating the food waste problem. Additionally, due to financial constraints, some waste management initiatives struggled to continue their operations, leading to further challenges in managing food surplus and waste.
Key Players of the Market
As India focuses on improving food waste management practices, several players have emerged to address this critical issue. Companies such as Hanjer Biotech Energies, Earth Sense Recycle, Nepra Resource Management, and Waste Ventures India are actively engaged in waste collection, processing, and recycling, contributing to reducing food waste and its environmental impact.
Key Highlights of the Report:
- India Food Waste Management Market Outlook
- Market Size of India Food Waste Management Market, 2024
- Forecast of India Food Waste Management Market, 2031
- Historical Data and Forecast of India Food Waste Management Revenues & Volume for the Period 2021-2031
- India Food Waste Management Market Trend Evolution
- India Food Waste Management Market Drivers and Challenges
- India Food Waste Management Price Trends
- India Food Waste Management Porter's Five Forces
- India Food Waste Management Industry Life Cycle
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Waste Type for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Cereals for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Dairy products for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Fruits & Vegetables for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Meat for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Fish & Sea Food for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Processed Food for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Process for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Aerobic for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Anaerobic for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Combustion/Incineration for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Source for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Primary Food Producers for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Food Manufacturers for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Food Distributors & Suppliers for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Food Service Providers for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Municipalities & Households for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Animal Feed for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Fertilizers for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Biofuel for the Period 2021-2031
- Historical Data and Forecast of India Food Waste Management Market Revenues & Volume By Power Generation for the Period 2021-2031
- India Food Waste Management Import Export Trade Statistics
- Market Opportunity Assessment By Waste Type
- Market Opportunity Assessment By Process
- Market Opportunity Assessment By Source
- Market Opportunity Assessment By Application
- India Food Waste Management Top Companies Market Share
- India Food Waste Management Competitive Benchmarking By Technical and Operational Parameters
- India Food Waste Management Company Profiles
- India Food Waste Management Key Strategic Recommendations