North America Food Waste Management Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report insinuates that the food waste management market in North America will register at a CAGR of 5.20% over the forecast years between 2023 and 2030. The United States and Canada are the countries evaluated in the market in this region.
The estimated amounts of food wasted per capita in North American countries are among the highest in the world. According to the estimates from the Food and Agriculture Organization (FAO), almost 168 million tons of food waste is generated in the region every year. Out of this, the US contributes to 126 million tons of the waste, and Canada, 13 million tons.
Further, food wastage causes North America to incur monetary losses of almost $278 billion every year. This indicates the increasing need for food waste management, which is expected to bolster the studied market’s growth in the years to come.
Recent research estimates show that 20% of all the food produced annually in Canada becomes avoidable food waste or loss. This food could have been used for consumption, but was landfilled, incinerated or managed as organic waste instead.
Data collected from companies in the food service industry (including restaurants, hotels, and other institutions) reveals that a significant proportion of the food prepared for sale by these establishments – 21% of dairy, eggs, & field crops; 38% of produce; and 20% of meat – becomes waste. These factors have raised concerns of Canadian authorities, which is expected to bolster the food waste management market’s growth in the coming years.
COMPETITIVE OUTLOOK
The prime contenders in the food waste management market are Suez SA, Republic Services Inc, Clean Harbors Inc, Waste Management Inc, and Waste Connections Inc.
1. North America Food Waste Management Market – Summary
2. Industry Outlook
2.1. Parent Market Analysis
2.2. Impact Analysis On The Food Waste Management Market
2.2.1. Covid-19 Impact
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Industry Components
2.5.1. Food Waste Producers
2.5.2. Food Waste Collectors
2.5.3. Food Waste Recyclers
2.5.4. End-users
2.6. Food Recovery Hierarchy
2.7. Key Buying Impact Analysis
2.7.1. Cost-effective Solutions
2.7.2. Impact On Environment
2.7.3. Regulatory Compliance
2.8. Key Market Strategies
2.8.1. Mergers & Acquisitions
2.9. Market Drivers
2.9.1. Increasing Levels Of Middle East & Africa Food Waste
2.9.2. Growing Emphasis To Limit Greenhouse Gas Emissions
2.9.3. Increasing Use Of Organic Waste In The Production Of Livestock Feed And Fertilizers
2.10. Market Challenge
2.10.1. Inefficient Food Waste Collection And Negative Environmental Impacts Of Waste Processing Methods
2.11. Market Opportunities
2.11.1. Expanding Population
2.11.2. Advancements In Technology For Effective Waste Management
2.12. Analyst Perspective
3. North America Food Waste Management Market – By Waste Type
3.1. Cereals
3.2. Dairy & Dairy Products
3.3. Fruits & Vegetables
3.4. Meat, Poultry & Seafood
3.5. Processed Food
3.6. Other Waste Types
4. North America Food Waste Management Market – By Source
4.1. Municipalities And Households
4.2. Food Service Providers
4.3. Food Distributors And Suppliers
4.4. Primary Food Producers
4.5. Food Manufacturers
5. North America Food Waste Management Market – By Service
5.1. Collection
5.2. Disposal
5.3. Recycling
5.3.1. Animal Feed
5.3.2. Biofuels
5.3.3. Fertilizers
5.3.4. Power Generation
6. North America Food Waste Management Market – Country Outlook
6.1. North America
6.1.1. Country Analysis
6.1.1.1. United States
6.1.1.1.1. United States Food Waste Management Market Forecast & Prospects