The North America Food Waste Management Market would witness market growth of 6.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Food Waste Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $22,210.4 million by 2031. The Canada market is experiencing a CAGR of 8.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8% during (2024 - 2031).
Food waste management has become a critical focus in developed and developing regions due to its profound environmental, social, and economic impacts. The food waste management market refers to the strategies, technologies, and solutions designed to reduce, recycle, or repurpose food waste, which has become an urgent issue worldwide. The sheer volume of food waste generated across the globe, coupled with growing awareness of sustainability, is driving innovation and growth in this market.
In addition, food waste management encompasses a variety of applications aimed at minimizing the environmental impact of wasted food, improving efficiency in food production, and enhancing waste disposal practices. Prevention at the source is one of the most effective strategies for managing food waste. This involves reducing food loss during food production, distribution, and consumption. Practices such as better inventory management, optimized procurement, and consumer education help minimize waste at every stage of the food supply chain.
The food and beverage processing industry has emerged as the leading manufacturing sector in Canada's production value. Government of Canada data highlights that in 2022, the sector achieved sales of $156.5 billion, with exports of processed food and beverages reaching a record $54.3 billion, a 14.1% increase from 2021. Rapid growth has led to a significant rise in food waste generation across processing plants and distribution networks. The growing emphasis on sustainability and circular economy principles in Canada has fuelled the adoption of advanced food waste management practices, including organic waste recycling, biogas production, and nutrient recovery.
Furthermore, government policies and incentives to reduce food waste in line with climate change goals create substantial opportunities for companies offering waste management solutions. Thus, the Increasing food production and growing hospitality industries are driving significant growth in the market.
Free Valuable Insights: The Food Waste Management Market is Predict to reach USD 78.40 Billion by 2031, at a CAGR of 7.2%
Based on Source, the market is segmented into Residential, Commercial, and Industrial. Based on Process, the market is segmented into Anaerobic Digestion, Aerobic Digestion, Incineration/Combustion, and Other Processes. Based on Application, the market is segmented into Animal Feed, Fertilizers, Biofuel, and Power Generation. Based on Waste Type, the market is segmented into Fruits & Vegetables, Cereals, Oilseeds & Pulses, Non Veg Food, Dairy Products, and Other Types. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Source
By Process
By Application
By Waste Type
By Country
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