Food waste management market size to reach usd 106 billion by 2031 | skyquest technology

Westford, usa, dec. 05, 2024 (globe newswire) -- skyquest projects that the global food waste management market share will reach a value of usd 106 billion by 2031, with a cagr of 5.4% during the forecast period (2024-2031). the food waste management market growth is driven by the growing population and increasing levels of production and consumption. further, the market growth has increased due to shifts in consumer preferences and tastes. thus, in many countries such as south africa, united arab emirates, and saudi arabia, the covid-19 pandemic poses a serious threat to food security and nutrition. supply chain disruptions due to roadblocks, transit restrictions, and quarantining processes helped promote the market. delays due to such factors, especially witnessed skyrocketing food wastage cases, particularly for perishable agricultural products such as fruits, vegetables, fish, meat, and dairy.
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