A New Entrepreneurial Opportunity - The Commercial Viability of Recycling and Processing Wasted Food

Abstract: Food waste is a serious problem faced by today's society, leading not only to wasted resources but also to negative environmental and economic impacts. In order to solve this problem, a business model that uses wasted food resources to produce animal feed and agricultural fertilisers has attracted much attention. The aim of this paper is to overview the feasibility of this business model and discuss it in depth. Firstly, this paper analyses the global and Chinese food waste situation. It is estimated that about 13 billion tonnes of food are wasted globally every year, and the problem of food waste is also growing in China. Rapid urbanisation and changes in dietary structure are among the main reasons for the increase in food waste in China. The paper then analyses the impact of market demand and policy support on the business model. With the emphasis on environmental protection and sustainable development, the demand for environmentally friendly products is increasing, providing favourable conditions for the development of this business model. Meanwhile, government policy support is also an important factor in promoting the development of the business model. Finally, this paper assesses the feasibility and sustainability of the business model. Although there are some challenges associated with this model, such as technological innovation and marketing, it is expected to be successful and contribute to solving the food waste problem through the joint efforts of the government, enterprises and the community.