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"Currently, there is a demand for technologies that can convert food unfit for human consumption to animal feed," said TechVision Research Analyst Lekshmy Ravi. "Technology developers are simultaneously working on repackaging or repurposing food waste to food for human consumption using less energy-intensive solutions and employing novel management models."
There are considerable research and industry initiatives for the conversion of food waste to products such as plastics, fruit juices and food ingredients. Additionally, innovative FWM companies are trying to convert food waste to valuable products such as liquid fuels.
While technology developers are looking to eliminate inefficiencies in FWM, it is also necessary to form strategic partnerships along the various links of the food supply chain. These synergies can help improve the efficiency of FWM and facilitate the exchange of technologies and techniques.
"Eventually, companies are likely to adopt models that enable the efficient and cost-effective extraction of valuable products from food waste," noted Ravi. "Overall, key emerging opportunities are expected to be in the extraction of edible ingredients from food waste, conversion of misshapen fruits to saleable products, and conversion of byproducts from food production."
Emerging Trends and Opportunities in Food Waste Management, part of the TechVision subscription, offers a detailed account of FWM's global trends. It discusses various solutions for FWM and studies the various pathways that could be adopted, as well as innovative technology and management solutions. Our expert analysts have identified emerging business models for FWM and employed Porter's Five Forces to analyse the various FWM pathways.
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SOURCE Frost & Sullivan