North America Food Waste Management Market is expected to reach over USD 13.84 billion by the end of the assessment period. The regional market is anticipated to experience moderate growth to record a CAGR of 5.6% throughout the forecast period 2021-2026. Food waste is primarily made up of animal oils, fats, and by-products that become marketable products, especially meat, and protein-rich fats, among others. These products are being utilized in the making of biofuels, soap, pet food, cosmetics, toothpaste, leather, lubricants, pharmaceuticals, etc. Food waste is foreseen to increase at an alarming rate, which will cause several challenges for the food industry during the forecast period, supporting the growth of the North America Food Waste Management Market. Furthermore, unwanted food spills at weddings, parties, restaurants and hotels also support the need for proper food waste management. All these aspects promote the growth of the North America Food Waste Management Market in the coming years.
Impact of covid-19 on North America Food Waste Management Market
While food and beverage manufacturers and processors are more likely to be affected by a shortage of labor and raw materials needed for the production process, food service and retail outlets must be facing more intense challenges from the beginning due to coronavirus. For food retailers, the challenge would be to face the possibility of an irregular influx of consumers and, on the other hand, also assess the possibility of storing food products and beverages to ensure business continuity consumer access to the products they intend to buy.
Market Size Available
2020 – 2026
2021 - 2026
By Type, By Process, By Application, By Source, By Method, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
|Clean Harbors, Inc., Suez Environment, Stericycle, Inc., Waste Management, Inc., Republic Services, Inc., and Veolia Environment.|
North America Food Waste Management Market Drivers and Restraints:
Rapid industrialization and increased R&D activities to develop efficient systems should have a positive influence on growth. The increasing use of organic waste for the production of animal feed and fertilizers, the reduction of greenhouse gas emissions and the growing energy needs are the factors that should stimulate the demand for food waste management systems in North America. Increased consumption of processed foods, including prepared meals, is also expected to stimulate demand. In the United States, the fruit and vegetable segment had more than 39.4% of the overall revenue in 2018. The surge in health-conscious consumers in the country is likely to stimulate the consumption of fruits and vegetables, thus causing an increase in food waste production. In addition, the government initiative to educate people on proper storage methods for fruits and vegetables to prevent rot should stimulate growth.
The growing demand for improved technologies, such as gasification for waste treatment, is expected to create new opportunities in the next seven years. The gasification process converts organic materials such as biomass or combinations of inorganic and organic surpluses into a combustible gas called synthesis gas. The adverse effects of incineration and landfill techniques on the environment are assumed to hamper North America Food Waste Management Market growth. Both incineration and landfill contribute to GHG emissions, the leading cause of global warming. The incineration process involves burning the waste to turn it into ash and heat. The recent trends like anaerobic digestion should stimulate industrial growth to eliminate food waste, as it helps to recover energy and nutrients from products. Waste separation and collection is a significant challenge that is suspected to stimulate industry demand during the outlook period.
Recent Happenings in European Food Waste Management Industry:
North America Food Waste Management Market Detailed Segmentation Analysis:
Based on Waste Type:
Based on Process:
Based on Application:
Based on Source:
Based on Method:
North America has the largest market share:
The market for North America Food Waste Management has been categorized on the basis of geography into the United States, Canada, Mexico, and the rest of North America.
North America has the largest market share due to overproduction, lack of cold chain infrastructure, market fluctuations, and variable customer demand and is expected to continue growing at a faster rate. The United States is foreseen to represent significant participation in the regional market due to the growth of the food industry in the country. One of the main factors behind its growth is the increase in government initiatives to reduce food waste. Furthermore, significant investments in advanced disposable techniques to generate useful products such as fertilizers and biogas have also strengthened its position in the North America Food Waste Management Market. Canada is also a promising market in the local business.
Suez Environment had the largest share of the Asia Pacific Food Waste Management Market in terms of sales revenue in 2019.
Top Major Leading Competitor’s Share Analysed in Food Waste Management Market report are:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Waste Management Market, By Type
6.1.2 Dairy Products
6.1.3 Fruits & Vegetables
6.1.5 Fish & Sea Food
6.1.6 Processed Food
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Food Waste Management Market, By Process
6.2.1 Aerobic Digestion
6.2.2 Anaerobic Digestion
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Food Waste Management Market, By Application
6.3.1 Animal Feed
6.3.4 Power Generation
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Food Waste Management Market, By Source
6.4.1 Primary Food Producers
6.4.2 Food Manufacturers
6.4.3 Food Distributors & Suppliers
6.4.4 Food Service Providers
6.4.5 Municipalities & Households
6.4.6 Market Size Estimations & Forecasts (2019-2024)
6.4.7 Y-o-Y Growth Rate Analysis
6.4.8 Market Attractiveness Index
6.5 Food Waste Management Market, By Method
6.5.4 Market Size Estimations & Forecasts (2019-2024)
6.5.5 Y-o-Y Growth Rate Analysis
6.5.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Process
7.2.4 By Application
7.2.5 By Source
7.2.6 By Method
8. Key Player Analysis
8.1 Advanced Disposal Services, Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Republic Services, Inc.
8.3 Waste Management, Inc.
8.4 Waste Connections Inc.
8.5 Stericycle, Inc.
8.6 Clean Harbors, Inc.
8.7 FCC Environment Ltd.
8.8 Veolia Environnement SA
8.9 CT Environmental Group Ltd.
8.10 Recology Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures