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China is set to generate 255,810 thousand metric tons of food waste by 2026, up from 232,490 thousand metric tons in 2021. This marks an annual growth rate of 1.5%. Since 1995, China's food waste production has grown at an average of 2.7% each year. It is currently ranked second in terms of food waste production, behind only the United States. Germany and Japan complete the top three, with 232,490 thousand metric tons and 232,490 thousand metric tons respectively.
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The surge in worldwide food production and consumption has inevitably led to an increase in food waste, unveiling ample opportunities in the food waste management market. For businesses, there's potential for profit in recycling or repurposing food waste into fertilizers, animal feed, and bioenergy. For governments and municipalities, reduced landfill...Read more