Singapore Food Waste Recycling Market Segmentation by Food Waste Type (Cereals, Fruits & Vegetables, Sea Food, Meat, Oilseeds, Processed Food, and Others); by Process (In-Vessel Composting, Anaerobic Digestion, and Others); by Application (Animal Feed, Fertilizers, Biofuel, and Others); and by Food Waste Producer (Food Producers, Food Manufacturers, Food Service Providers, Households, and Others)-Demand Analysis & Opportunity Outlook 2020-2030

Singapore Food Waste Recycling Market Highlights Over 2020 - 2030

The Singapore food waste recycling market is estimated to garner a revenue of USD 33.0 Million by the end of 2030 by growing at a CAGR of 5.8% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market in the nation registered a revenue of USD 18.9 Million. The growth of the market can be attributed to the expanding food & beverage sector in the nation, which is raising the need to focus on lowering food waste. According to the statistics by the Department of Statistics, Singapore, the total value of food & beverage sales in the country touched USD 706 Million in November 2021. Moreover, the seasonally adjusted month-on-month sales of food & beverage during the same period recorded to be 10.4%. In Singapore, the popularity of convenience meals has grown significantly over the recent years. This, as a result, has massively raised the total amount of food waste. According to the statistics by the National Environment Agency of the Government of Singapore, in the year 2020, the overall amount of food waste generated in the nation was 665000 Tonnes. Besides this, the statistics also stated that the recycling rate for food waste in the nation increased from 18% in the year 2019 to 19% in the year 2020.

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Additionally, one of the major factors that is considered in the growing food waste of the nation is the increasing population, which according to the World Bank, touched 5685807 in the year 2020 from 5076732 in the year 2010. As a result, there is a rising need for recycling of these food wastes, which in turn, is expected to drive the growth of the market in the coming years. Apart from this, the Government of the nation has raised its focus on lowering food waste by developing supportive initiatives, such as the Resource Sustainability Act (RSA), which was enacted in October 2019, to address the priority of waste streams. Such factors are therefore expected to drive the growth of the market in the coming years.

Growth Drivers and Challenges Impacting the Growth of the Singapore Food Waste Recycling Market

Growth Drivers

• Growing Food & Beverage Sector in the Country

• Rising Focus of the Government of the Nation in Reducing Food Waste

Challenges

• Lack of Proper Transportation Methods for Food Waste Recycling

Singapore Food Waste Recycling Market Segmentation Synopsis

The Singapore food waste recycling market is segmented by food waste type into cereals, fruits & vegetables, sea food, meat, oilseeds, processed food, and others. Out of these, the fruits & vegetables segment is expected to garner the largest revenue of USD 14.5 Million by the end of 2030, up from a revenue of USD 8.3 Million in the year 2020. By process, the market is further segmented into in-vessel composting, anaerobic digestion, and others. Out of these, the anaerobic digestion segment is projected to display the largest revenue of USD 16.2 Million by the end of 2030, up from a revenue of USD 9.0 Million in the year 2020. The market is also segmented on the basis of application into animal feed, fertilizers, biofuel, and others. Out of these, the fertilizers segment generated the largest revenue of USD 8.1 Million in the year 2020 and is further anticipated to reach USD 14.1 Million by the end of 2030. Additionally, on the basis of food waste producer, the market is segmented into food producers, food manufacturers, food service providers, households, and others. Out of these, the food service providers segment registered the largest revenue of USD 9.2 Million in the year 2020. Moreover, by the end of 2030, the segment is projected to reach a revenue of USD 16.7 Million.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Singapore food waste recycling market that are included in our report are Skyland Bio-Energy Pte Ltd, 800 Super Holdings Limited, Lam Tak Pte Ltd, Westcom Bio-Tech Pte Ltd., A1 Environment Pte Ltd, UglyGood, Cambi ASA, and others.

Latest Developments in the Singapore Food Waste Recycling Market:

• January 8^th, 2021: Cambi ASA announced that it has signed an agreement with Norfund for working together in emerging economies through public-private partnerships (PPP) or similar long-term contractual models. The partnership is aimed at the development, execution, and operations of wastewater projects with municipal and private customers.

• January 12^th, 2018: 800 Super Holdings Limited announced that one of its subsidiaries, 800 Super Waste Management Pte Ltd, has been awarded a public waste collection license in the Pasir Ris-Bedok Sector in Singapore. The license, which has an aggregate contract value of around USD 145.84 Million, has been issued by the National Environmental Agency (NEA), and will take effect from July 1^st, 2018 to October 31^st, 2025.

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