Market Forecast by Countries (United States, Canada), By Waste Type (Cereals, Dairy products, Fruits & Vegetables, Meat, Fish & Sea Food, Processed Food, Others), By Process (Aerobic, Anaerobic, Combustion/Incineration, Others), By Source (Primary Food Producers, Food Manufacturers, Food Distributors & Suppliers, Food Service Providers, Municipalities & Households), By Application (Animal Feed, Fertilizers, Biofuel, Power Generation) And Competitive Landscape
Product Code: ETC404248 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Food Waste Management Market |
Forecast period | 2024-2030 |
CAGR | 7.5% |
Growing Sector | Power Generation |
North America Food Waste Management Market report thoroughly covers the market by countries, waste type, process, source and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Food Waste Management Market is experiencing significant growth and projected to attain more growth in the coming years due to increasing awareness of environmental issues and the economic cost of waste. Both governmental agencies and private sectors are adopting more aggressive strategies to reduce food waste, which includes recycling, composting, and utilizing advanced technologies for waste processing. The market is characterized by a diverse range of participants, from waste collection and transportation services to waste treatment and disposal facilities.
According to 6Wresearch, North America Food Waste Management Market size is expected to grow at a CAGR of 7.5% during 2024-2030. Several factors are driving the growth of North America Food Waste Management Market such as increased environmental awareness has spurred both consumers and businesses to rethink waste disposal methods, emphasizing sustainability and resource conservation. Governmental regulations and policies have played a critical role by mandating waste reduction and recycling practices, thereby encouraging innovation and investment in the sector. Technological advancements, such as smart waste management systems and waste-to-energy technologies, are providing efficient and cost-effective solutions for handling food waste. Additionally, the economic benefits of reducing waste, including lower disposal costs and potential revenue from recycled materials, are incentivizing both public and private entities to adopt more effective waste management strategies.
However, North America Food Waste Management Market faces few restraints such as the high upfront cost associated with the adoption and integration of advanced waste management technologies. Small and medium-sized enterprises (SMEs), in particular, may find it difficult to invest in costly systems and infrastructure. Additionally, there remains a lack of uniformity in waste management regulations across different states and municipalities, leading to inconsistencies and potential inefficiencies in waste management practices. Public awareness and participation are also critical factors; without widespread understanding and engagement, even the best systems can fall short of their potential.
The key players include Republic Services, Veolia Environment, SUEZ, Covanta Holding Corporation, Stericycle, Advanced Disposal Services. These companies have established significant market presence through innovation, extensive service networks, and strategic partnerships. They are continually investing in state-of-the-art technologies and sustainable practices to lead the industry in effective food waste management.
North America Food Waste Management Market is growing and government’s regulation and policies are helping in extension of the market. Federal, state, and local governments have enacted various policies and programs aimed at reducing food waste and promoting sustainable practices. At the federal level, the United States Environmental Protection Agency (EPA) launched the 'Winning on Reducing Food Waste' initiative, which aims to reduce food waste by 50% by 2030. Additionally, governments complement these efforts through community-based programs and public awareness campaigns. Many municipalities offer incentives such as grants, tax credits, and technical assistance to encourage businesses and residents to participate in food waste reduction and recycling programs.
The future of North America Food Waste Management Market looks promising due to various factors such as the integration of artificial intelligence (AI) and machine learning technologies in waste management systems. These technologies have the potential to enhance efficiency by optimizing routes for waste collection, improving sorting mechanisms, and predicting waste generation patterns to streamline operations. Additionally, advancements in biotechnology are beginning to show promise in transforming food waste into high-value products, such as bioplastics, biofuels, and animal feed, further closing the loop in the circular economy. Furthermore, increasing awareness of the environmental impacts of food waste, consumers are likely to demand more transparency and accountability from food producers and retailers.
According to Ravi Bhandari, Research Head, 6Wresearch, United States is expected to experience substantial growth in coming years attributed to robust federal and state initiatives, technological advancements, and increasing public awareness. The 'Winning on Reducing Food Waste' initiative and state regulations like California's AB 1826 and SB 1383 create a solid regulatory framework fostering industry growth.
Meat, fish, and seafood waste market is expected to experience considerable growth in coming years due to stringent regulations on organic waste disposal and the development of efficient waste processing technologies.
Aerobic digestion is anticipated to see substantial market growth in the future attributed to increased consumer awareness and the promotion of backyard and community composting initiatives. Technological advancements that enhance the efficiency of aerobic digestion systems.
Food manufacturers are poised to see robust growth in coming years due to advancements in packaging technology and efficient resource utilization are critical areas where substantial improvements can be realized.
Power generation application is poised to experience robust growth in coming years attributed to advanced technologies, food waste can be converted into biogas and subsequently into electricity or heat.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Food Waste Management Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Food Waste Management Market Revenues & Volume, 2020 & 2030F |
3.3 North America Food Waste Management Market - Industry Life Cycle |
3.4 North America Food Waste Management Market - Porter's Five Forces |
3.5 North America Food Waste Management Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Food Waste Management Market Revenues & Volume Share, By Waste Type, 2020 & 2030F |
3.7 North America Food Waste Management Market Revenues & Volume Share, By Process, 2020 & 2030F |
3.8 North America Food Waste Management Market Revenues & Volume Share, By Source, 2020 & 2030F |
3.9 North America Food Waste Management Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 North America Food Waste Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Food Waste Management Market Trends |
6 North America Food Waste Management Market, 2020 - 2030 |
6.1 North America Food Waste Management Market, Revenues & Volume, By Waste Type, 2020 - 2030 |
6.2 North America Food Waste Management Market, Revenues & Volume, By Process, 2020 - 2030 |
6.3 North America Food Waste Management Market, Revenues & Volume, By Source, 2020 - 2030 |
6.4 North America Food Waste Management Market, Revenues & Volume, By Application, 2020 - 2030 |
7 United States Food Waste Management Market, 2020 - 2030 |
7.1 United States Food Waste Management Market, Revenues & Volume, By Waste Type, 2020 - 2030 |
7.2 United States Food Waste Management Market, Revenues & Volume, By Process, 2020 - 2030 |
7.3 United States Food Waste Management Market, Revenues & Volume, By Source, 2020 - 2030 |
7.4 United States Food Waste Management Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Canada Food Waste Management Market, 2020 - 2030 |
8.1 Canada Food Waste Management Market, Revenues & Volume, By Waste Type, 2020 - 2030 |
8.2 Canada Food Waste Management Market, Revenues & Volume, By Process, 2020 - 2030 |
8.3 Canada Food Waste Management Market, Revenues & Volume, By Source, 2020 - 2030 |
8.4 Canada Food Waste Management Market, Revenues & Volume, By Application, 2020 - 2030 |
9 North America Food Waste Management Market Key Performance Indicators |
10 North America Food Waste Management Market - Opportunity Assessment |
10.1 North America Food Waste Management Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Food Waste Management Market Opportunity Assessment, By Waste Type, 2020 & 2030F |
10.3 North America Food Waste Management Market Opportunity Assessment, By Process, 2020 & 2030F |
10.4 North America Food Waste Management Market Opportunity Assessment, By Source, 2020 & 2030F |
10.5 North America Food Waste Management Market Opportunity Assessment, By Application, 2020 & 2030F |
11 North America Food Waste Management Market - Competitive Landscape |
11.1 North America Food Waste Management Market Revenue Share, By Companies, 2023 |
11.2 North America Food Waste Management Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |