North America and Asia-Pacific Food Waste Prevention Market Research - 2032
The North America and Asia-Pacific food waste prevention market size was valued at $11.0 billion in 2022, and is projected to reach $21.6 billion by 2032, growing at a CAGR of 7.2% from 2023 to 2032. Food waste prevention refers to the implementation of strategies and measures aimed at reducing or eliminating the wastage of food throughout the entire food supply chain, from production to consumption. This involves practices such as optimizing production processes, improving inventory management, educating consumers on proper storage and utilization of food, and diverting surplus food to those in need through donations or repurposing. By minimizing food waste, this approach helps conserve resources, reduce environmental impact, alleviate hunger, and improve sustainability in the food system.
Key Market Developments
- In 2023, Sealed Air acquired LB Holdco, Inc., the parent company of Liquibox, Inc. (collectively, "Liquibox"), a pioneer, innovator and manufacturer of bag-in-box sustainable fluids & liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets.
- In 2022, Air Products completed the acquisition of Air Liquide's industrial gases businesses in the UAE and Bahrain. This strategic move marks a pivotal development in Air Products' expansion efforts in the region, enhancing its presence and capabilities. The acquisition encompasses key assets and operations, including Air Liquide Emirates L.L.C. (ALEC) in the UAE.
- In 2022, Air Products acquired Air Liquide Emirates for Industrial Gases LLC (ALEMIR) and Orca Industrial Gases LLC, which includes liquid bulk, packaged gases and specialty gases of Air Liquide in the UAE.
- In 2022, DECCO Global acquired the business of TeleSense, the world’s leading provider of remote monitoring solutions for crop storage and transportation, to advance its mission to reduce food waste and support food supply chain sustainability.
- In 2021, Apeel Sciences announced its acquisition of ImpactVision for an undisclosed amount. It enables the company to quantify the quality of fresh produce from the inside-out, bringing new opportunities to optimize global food supply chains. This marks Apeel's first acquisition and a major step toward quantifying and digitizing produce quality data, with the goal of democratizing this new information for the benefit of Apeel's partners and the global food system.
- In 2020, DECCO announced the acquisition of IngeAgro, SA (CHILE) and its FULLCOVER ® Ultra-Low Volume Electrostatic Application Technology expanding its postharvest business footprint into new crop markets.
Market Dynamics
Rise in amount of food loss and wastage
The global data on food loss and waste (FLW) from the World Bank, amounting to approximately 30% of all food production annually, serves as a significant driver for the food waste prevention market. This widespread issue impacts food security, safety, the economy, and environmental sustainability, emphasizing the urgent need for effective solutions. According to the World Bank, 1.3 billion tons of wasted food represents a huge misuse of resources, including land, water, labor, and energy.
In addition, rise in awareness of food waste as a large and urgent problem, especially in developing countries, is driving the demand for innovative solutions in the North America & APAC food waste prevention market growth. Also, food waste and loss present a pressing challenge, particularly in developing countries where it adversely impacts smallholder farmers and the downstream value chain, reducing income by at least 15% for 470 million individuals and contributing to food insecurity for 1.2 billion people. Furthermore, 90% of wastage occurs within the value chain, disproportionately affecting poor producers and consumers. Crop foods and dairy constitute 92% of losses, emphasizing the need for targeted solutions in these areas.
The food waste problem's root causes include insufficient postharvest storage facilities, inadequate training, which demand innovative interventions. In addition, large commercial food companies expanding into emerging markets offer advanced technology, infrastructure, and management practices to reduce losses, which is fostering the North America & APAC food waste prevention market growth.
Government regulations for storage
However, stringent government norms have been implemented with respect to storage conditions and the environment of food waste prevention in every country. These are to be strictly followed with respect to storage to prevent any kind of food-borne disease. Moreover, round-the-clock quality checks by food inspectors are conducted to ensure that set rules and regulations are being followed.
Huge markets, including China, impose substantial excise duties on imported frozen meat and other seafood products. Thus, stringent regulations for storage facilities are anticipated to hamper the growth of the food waste prevention market.
Also, the availability of fresh substitute food products acts as a key restraint of the food waste prevention market. However, it is cumbersome for bulk business buyers to purchase items such as meat, poultry products, beef, pork, pizza crusts, and bread on a daily basis. They prefer buying food waste prevention and storing it in their warehouse to minimize order-processing time, avoid customer inconvenience, and reduce operation costs, which hampers the growth of the market.
Rapid development of the food service industry
There is significant growth of the developing markets owing to rapid increase in purchasing power. Developing markets have experienced rapid increase in the number of fast-food outlets and café shops that sell a variety of food waste prevention, including pizza, cakes, bakery, and poultry products. Major fast-food players and hotel chains have heavily invested in expansion in Asia-Pacific and other developing markets.
For instance, in 2022, McDonald's operated and franchised 40,275 locations globally, with an increase over the 40,031 stores it operated in 2021. For the past 17 years, the firm has experienced growth in restaurants year over year. China, with around 4.4 thousand restaurants, had the most McDonald's locations in the Asia-Pacific region and the Middle East in 2021, followed by Japan with roughly 2.9 thousand locations and Australia with 1023. In 2021 there were around 40.000 McDonald's locations globally. Thus, the increase in the development of food service industry in developing regions is anticipated to create an opportunistic market for food waste prevention technologies during the forecast period.
Moreover, small retail stores, including departmental stores, grocery stores, and convenience stores in developing economies are focused on the improvement of storage and refrigeration facilities to compete with large retail formats. In addition, sales of frozen desserts and ready meals through small retail formats have witnessed a consistent increase over the past few years.
Moreover, increase in urbanization and changes in consumption patterns have boosted the growth of the retail sector. Thus, retailers and associated people who deal in wholesale selling, distribution, and merchandising invest in cold storage facilities such as fridges and cold storage racks to have improved storage facilities, which significantly creates growth opportunities in the market.
Segmental Overview
The North America and Asia-Pacific food waste prevention market analysis is segmented on the basis of food type, technology, end user, and region. On the basis of food type, the market is categorized into fruits and vegetables, chilled protein, and ready meals. On the basis of technology, the market is classified into plant-derived coating, produce stickers, modified atmospheric packaging, vacuum packaging, active packaging, and others. On the basis of end user, the market is divided into food service, retail, food manufacturer, and others. Region-wise, the market is bifurcated into North America and Asia-Pacific.
By Food Type
By food type, the North America & APAC food waste prevention market share is categorized into fruits and vegetables, chilled protein, and ready meals. The chilled protein segment dominated the market in 2022 and is likely to remain dominant during the forecast period. Growing emphasis on sustainable and eco-friendly packaging solutions are factors driving the growth of the chilled protein segment of the food waste prevention market. There is a noticeable shift towards innovative packaging materials and designs that enhance the shelf life of chilled proteins, reducing spoilage and waste. Smart packaging technologies, such as temperature-monitoring sensors and modified atmosphere packaging, are gaining traction to ensure optimal storage conditions.
By Food Type
The Chilled Protein segment dominated the North America & Asia-Pacific Food Waste Prevention Market and is expected to retain its dominance throughout the forecast period.
By Technology
On the basis of technology, the market is classified into plant-derived coating, produce stickers, modified atmospheric packaging, vacuum packaging, active packaging, and others. The modified atmospheric technology dominated the market in 2022 and is likely to remain dominant during the North America & APAC food waste prevention market forecast period. The modified atmospheric packaging (MAP) segment is witnessing key market trends and drivers, driven by a rise in demand for extended shelf life and enhanced food preservation. The adoption of MAP is fueled by consumer preferences for fresh and minimally processed foods. In addition, the emphasis on reducing food waste, especially in the perishable goods segment, is fostering the demand for MAP in the market.
By Technology
The Modified Atmospheric Packaging segmeny the North America & Asia-Pacific Food Waste Prevention Market and is expected to retain its dominance throughout the forecast period.
Advancements in packaging materials and technology, coupled with growing awareness of sustainable packaging solutions, contribute to the expanding MAP segment. As the food industry seeks innovative ways to meet consumer expectations, MAP emerges as a pivotal solution, aligning with evolving market dynamics.
By End User
By end user, the market is divided into food service, retail, food manufacturer, and others. The food manufacturer segment dominated the market in 2022 and is expected to remain dominant during the forecast period. Food manufacturers are prioritizing efficient resource utilization, minimizing waste generation, and implementing innovative technologies. Consumer demand for eco-friendly products is propelling manufacturers to adopt sustainable packaging solutions, reducing both environmental impact and food spoilage. In addition, regulatory frameworks emphasizing waste reduction and sustainability are incentivizing food manufacturers to implement robust waste prevention strategies. The integration of smart technologies, such as IoT-enabled sensors and data analytics, provides real-time monitoring and predictive insights, enabling proactive measures to prevent waste along the production chain. These North America & APAC food waste prevention market trend reflect a paradigm shift towards responsible and sustainable food manufacturing practices, aligning with both consumer expectations and environmental goals.
By End User
The Food Manufacturers segment dominated the North America & Asia-Pacific Food Waste Prevention Market and is expected to retain its dominance throughout the forecast period.
By Region
Region-wise, the market is bifurcated into North America and Asia-Pacific. The Asia-Pacific region dominated the market in 2022 and is likely to remain dominant during the forecast period. Plant-based coating solutions are increasingly utilized to enhance the shelf life of fruits and vegetables, providing a protective barrier against moisture loss and microbial contamination. In addition, stickers embedded with RFID tags or QR codes enable traceability and real-time monitoring of product freshness, empowering consumers to make informed decisions.
Chemical coatings are employed to create an additional layer of protection, preserving food quality during storage and transportation. Asia-Pacific countries are embracing a diverse range of packaging technologies, including plant-based coatings, stickers, and chemical coatings, to prevent food waste and ensure sustainable consumption practices across the region.
Competition Analysis
Key Players included in the analysis of food waste prevention market are Apeel Sciences, Ryp Labs, DECCO Global, Mori, PolyNatural, Sealed Air, Air Products and Chemicals, Inc., Point Five Packaging, Pace International, and Linde PLC.
North America and Asia-Pacific Food Waste Prevention Market Report Highlights
| Aspects | Details |
 By Food Type |
|
 By Technology |
|
 By End User |
|
 By Region |
|
 Key Market Players | Mori, Air Products and Chemicals, Inc., Linde PLC, Sealed Air, PolyNatural, Apeel Sciences, DECCO Global, Point Five Packaging, Ryp Labs, Pace International |
Analyst Review
According to the CXOs, the food waste prevention market is expected to attract business opportunities in developing economies, however, is dealing with challenges simultaneously. Developing economies are expected to emerge as major markets for food waste prevention in a decade owing to an increase in per capita income. Retail shops witness transition in terms of storage facilities and inventory management as countries in the Asia-Pacific region are undergoing infrastructural development with better and advanced connectivity.
Furthermore, as rural markets are expected to gain access to enhanced transport and electricity facilities, the overall market size is expected to gradually increase in upcoming years. In recent years, products focused on food waste prevention that incorporate wholesome and natural ingredients have gained significant traction in developed markets. Consumers are increasingly drawn to these offerings, perceiving them as healthier alternatives. Examples of such products include innovative snacks made from surplus fruits and vegetables, reducing the overall wastage of fresh produce. In addition, packaged goods utilizing sustainable packaging materials, designed to extend the shelf life of food items and minimize waste, have become popular among environmentally conscious consumers. These examples showcase the growing demand for food waste prevention products that not only contribute to a healthier lifestyle but also align with sustainable and eco-friendly practices.
Thus, the demand for food waste prevention has experienced significant growth in the past four years, especially in the developed countries of North America and Asia-Pacific. The demand for food waste prevention is likely to gain high traction with rise in customer awareness regarding food waste prevention products and downward pressure on the price point.
The North America and Asia-Pacific food waste prevention market size was valued at $11,068.2 million in 2022, and is projected to reach $21,620.2 million by 2032, growing at a CAGR of 7.2% from 2023 to 2032.
From 2023-2032 would be forecast period in the market report.
$11.1 billion is the market value of North America & Asia-Pacific food waste prevention market in 2022.
2022 is base year calculated in the North America & Asia-Pacific food waste prevention market report.
Apeel Sciences, Ryp Labs, DECCO Global, Mori, PolyNatural, Sealed Air, Air Products and Chemicals, Inc., Point Five Packaging, Pace International, and Linde PLC. are the top companies hold the market share in North America & Asia-Pacific food waste prevention market.
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