One-in-five deaths are now due to poor diet and that figure is likely to increase.
"Meanwhile, approximately one third of all the food produced for human consumption never reaches the consumer's plate or bowl."
Cutting back on the amount of food wasted would not only potentially save billions, but would also help hit targets to reduce malnutrition and improve diets causing disease. Land would be freed up and water supplies would be preserved.
"Each year more than half of all the fruits and vegetables produced globally are lost or wasted," the panel reported.
The fight against global hunger has in recent decades relied on growing more starchy staple crops like grains. But while that has seen the proportion of starving people fall sharply, billions are left with unhealthy diets. Squandering less of the nutritious food already grown could dramatically improve diets, the panel said.
In developing countries, waste is high after food is harvested and while it is being processed, as poor storage and transport often leads to it spoiling or rotting. In developed countries there is high waste in shops and homes where food is thrown out.
"Reducing loss and waste in nutritious foods would yield substantial benefits far beyond addressing hunger and malnutrition," the paper concludes.
"The gains made would contribute to the efficiencies needed to address climate change. Eating more of the nutrient-rich food already being produced would unlock savings in water and energy consumption, land use, and resources used in industrial food fortification."
- Telegraph Group Ltd