United States and Canada Smart Food Bin Market Analysis 2021-2031

Market Definition and Research Methodology
1. Market Definition and Segmentation
2. Assumptions and Acronyms
3. Research Objective
4. Research Methodology
Executive Summary
Market Dynamics
1. Drivers
2. Challenges
3. Trends
4. Opportunities
Regulatory & Standards Landscape
Industry Risk Analysis
Value Chain Analysis
Use Case Analysis
End-User Usability Analysis
Comparative Analysis Between Recycling Bins and Smart Food Bins
Competitive Structure
1. Market Share Analysis, 2021
2. Competitive Benchmarking
3. Competitive Positioning
4. Company Profiles
  1. Leanpath, Inc.
  2. Winnow Solutions Limited
  3. Enevo Oy.
  4. Wybone Ltd.
  5. LightBlue Environmental Consulting Co., Ltd.
  6. KITRO SA
  7. Guardforce Limited
United States and Canada Smart Food Bins Market Outlook
United States Smart Food Bin Market
1. By Value (USD Thousand)
2. Analysis on Hotels and Restaurants in United States
3. Market Segmentation Analysis 2021-2031
  1. By Food Waste
    1. Cooked Left-Overs, 2021-2031
    2. Stale Food, 2021-2031
    3. Blemished Fruits & Vegetables, 2021-2031
    4. Others, 2021-2031
  2. By End-Use Applications
    1. Hotels, 2021-2031
      1. Green Key Certified Hotels, 2021-2031
      2. Others, 2021-2031
    2. Restaurants, 2021-2031
      1. Restaurant Food Chains, 2021-2031
      2. Others, 2021-2031
    3. Others, 2021-2031
  3. By Region
    1. South US, 2021-2031
    2. West US, 2021-2031
    3. Midwest US, 2021-2031
    4. North East US, 2021-2031
Canada Smart Food Bin Market
1. By Value (USD Thousand)
2. Analysis on Hotels and Restaurants in United States
3. Market Segmentation Analysis 2021-2031
  1. By Food Waste
    1. Cooked Left-Overs, 2021-2031
    2. Stale Food, 2021-2031
    3. Blemished Fruits & Vegetables, 2021-2031
    4. Others, 2021-2031
  2. By End-Use Applications
    1. Hotels, 2021-2031
      1. Green Key Certified Hotels, 2021-2031
      2. Others, 2021-2031
    2. Restaurants, 2021-2031
      1. Restaurant Food Chains, 2021-2031
      2. Others, 2021-2031
    3. Others, 2021-2031
  3. By Region
    1. Atlantic Region, 2021-2031
    2. Central Canada, 2021-2031
    3. Prairie Provinces, 2021-2031
    4. West Coast, 2021-2031
    5. North Region, 2021-2031

Growth Drivers and Challenges Impacting the Growth of the United States (U.S.) and Canada Smart Food Bin Market

Growth Drivers

Growing Awareness for Food Waste
Numerous Beneficial Functions of Smart Food Bins

Challenges

Higher Cost of the Product
Lack of Awareness Regarding the Availability of the Product

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United States (U.S.) and Canada Smart Food Bin Market Regional Synopsis

Regionally, the United States (U.S.) smart food bin market is segmented into South U.S., West U.S., Midwest U.S., and North East U.S. The market in South U.S. is anticipated to garner the largest revenue of USD 130264.8 Thousand by the end of 2031, up from a revenue of USD 14549.6 Thousand in the year 2021. One of the major factors anticipated to drive the growth of the market in the United States is the presence of several number of establishments who are operating in the food services and drinking places subsector and therefore the rising concern for food wastes. According to the statistics by the United States Bureau of Labor Statistics (BLS), the total number of private establishments operating in the food services and drinking places subsector grew from 659562 number of establishments in the 4^th quarter of 2020 to 672107 number of establishments in the 3^rd quarter of 2021. On the other hand, the market in Canada is segmented by region into Atlantic Region, Central Region, Prairie Provinces, West Coast, and North Region. The market in Central Canada is anticipated to display the largest revenue of USD 42570.0 Thousand by the end of 2031, up from a revenue of USD 4397.3 Thousand in the year 2021.

United States (U.S.) and Canada Smart Food Bin Market Segmentation Synopsis

The United States (U.S.) and Canada smart food bin market is segmented by food waste into cooked left-overs, stale food, blemished fruits & vegetables, and others. Out of these, the cooked-left overs segment, in the United States, is anticipated to touch the largest revenue of USD 114507.7 Thousand by the end of 2031, up from a revenue of USD 12762.1 Thousand in the year 2021. Moreover, in Canada, the segment is projected to garner the largest revenue of USD 24864.9 Thousand by the end of 2031, up from a revenue of USD 2593.7 Thousand in the year 2021.

By end-use application, the United States (U.S.) and Canada smart food bin market is segmented into hotels, restaurants, and others. In the United States, the restaurants segment is anticipated to garner the largest revenue of USD 183370.5 Thousand by the end of 2031, up from a revenue of USD 20186.3 Thousand in the year 2021. In Canada, the segment is expected to display the largest revenue of USD 49360.0 Thousand by the end of 2031, up from a revenue of USD 5068.1 Thousand in the year 2021.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the United States (U.S.) and Canada smart food bin market that are included in our report are Leanpath, Inc., Winnow Solutions Limited, Enevo Oy., Wybone Ltd., LightBlue Environmental Consulting Co., Ltd., KITRO SA, Guardforce Limited, and others.

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Key Questions Answered in the Report

1) What are the major factors driving the growth of the United States and Canada smart food bin market?

Ans: The growing awareness for food waste, along with the numerous beneficial functions of smart food bins, are some of the major factors anticipated to drive the growth of the market in the coming years.

2) What would be the CAGR of United States and Canada smart food bin market over the forecast period?

Ans: The market in the United States (U.S.) and Canada are anticipated to attain a CAGR of 25.7% and 26.6% respectively over the forecast period, i.e., 2022 – 2031.

3) What are the challenges affecting the United States and Canada smart food bin market growth?

Ans: The higher cost of the product, along with the lack of awareness regarding the availability of the product are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of United States and Canada smart food bin market in future?

Ans: The market in South U.S. in the United States, as well as the market in Central Canada in Canada are anticipated to garner the largest revenue of USD 130264.8 Thousand and USD 42570.0 Thousand respectively by the end of 2031

5) Who are the major players dominating the United States and Canada smart food bin market?

Ans: The major players in the market are Leanpath, Inc., Winnow Solutions Limited, Enevo Oy., Wybone Ltd., LightBlue Environmental Consulting Co., Ltd., KITRO SA, Guardforce Limited, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the United States (U.S.) and Canada smart food bin market?

Ans: The market is segmented by food waste, end-use application, and by region.

8) Which segment captures the largest market size in food waste segment in the United States (U.S.) and Canada smart food bin market?

Ans: The cooked-left overs segment, in the United States as well in Canada, is anticipated to touch the largest revenue of USD 114507.7 Thousand and USD 24864.9 Thousand respectively by the end of 2031 and display significant growth opportunities.