Key Market Indicators
Portugal is set to become the twentieth largest producer of food waste by 2026, as the amount of food waste generated is projected to reach 5,520 thousand metric tons. This is an increase of 0.6% year-on-year on average, since 1995. In 2021, the Czech Republic overtook Portugal, with 5,330 thousand metric tons. China, Germany and Japan were the second, third and fourth largest producers of food waste respectively. The amount of food waste treated in Portugal is set to reach 5,160 thousand metric tons by 2026, a 0.4% increase year-on-year on average since 1998. In 2021, Austria overtook Portugal with 5,050 thousand metric tons. Germany, Japan and Mexico were the second, third and fourth largest food waste treatment countries 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