USD 395.80 million
Report ID:
SQMIC25AE2004 |
Region:
Country |
Published Date: April, 2024
Pages:
223
|Tables:
64
|Figures:
77
U.S. Residential Organic Compost Market size was valued at USD 395.80 million in 2022 and is poised to grow from USD 428.26 million in 2023 to USD 804.49 million by 2031, at a CAGR of 8.2% during the forecast period (2024-2031).
The U.S. Residential Organic Compost Market is a rapidly growing market that caters to the needs of households engaged in organic farming and gardening practices. The market is driven by the increasing awareness among consumers regarding the benefits of organic farming and the growing demand for locally sourced, organic produce. In addition, the rising concerns about food safety and the impact of chemical-based fertilizers on the environment have also contributed to the growth of the market.
The lack of awareness about the benefits of organic compost among some consumers and the high cost of organic compost production and distribution are some of the key restraints that have hindered the growth of the market. Key trends in the market include the increasing popularity of urban agriculture, which has led to a rise in demand for small-scale organic compost solutions. Another trend is the rise in demand for locally sourced, organic produce, which has increased demand for organic compost products. The market is also expected to be driven by the increasing number of households adopting sustainable agricultural practices and the growth of e-commerce platforms, which has made it easier for consumers to purchase organic compost products.
Global Market Size
USD 395.80 million
Largest Segment
Food waste compost
Fastest Growth
Food waste compost
Growth Rate
8.2% CAGR
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U.S. Residential Organic Compost Market is segmented on the basis of product type, distribution channel, and region. By product type, the market is segmented into food waste compost, garden waste compost, and others. By distribution channel, the U.S. Residential Organic Compost Market is segmented into online sales, specialty stores, supermarkets, and others. By region, the U.S. Residential Organic Compost Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
US Residential Organic Compost Market Analysis by Product Type
The Food waste compost segment dominated the market, owing to the rising awareness of food waste reduction and the benefits of composting organic waste. With more households recognizing the importance of reducing food waste and embracing composting as a way to do so, the demand for food waste compost is set to increase significantly.
At the same time, the garden waste compost segment is growing rapidly, fueled by the trend of sustainable gardening practices among homeowners. With more people turning to gardening as a way to reconnect with nature and reduce their environmental impact, the demand for garden waste compost as a soil amendment and fertilizer is on the rise.
US Residential Organic Compost Market Analysis by Distribution Channel
The Supermarkets segment dominated the global market, owing to their widespread availability and convenience for consumers. With many supermarkets now carrying organic compost products in the gardening or lawn care section of the store, homeowners have easy access to these products and can make informed choices about their waste management practices.
The online sales of organic compost products are emerging as the fastest-growing segment, as consumers increasingly prefer the convenience of online shopping. E-commerce platforms such as Amazon and Walmart have already started selling organic compost products, and many smaller online retailers specialize in sustainable and eco-friendly products. This trend is set to continue as more consumers recognize the benefits of composting and seek out convenient and accessible ways to purchase organic compost products.
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The U.S. Residential Organic Compost market is seeing strong growth across different regions of the country. However, the U.S.’s West Coast and Northeast regions are leading the charge, holding the largest market share in 2021. Together, these regions accounted for over 60% of the total market share, which is a significant percentage. The primary reason behind the dominance of these regions in the market is the growing awareness among consumers regarding the benefits of organic compost. Consumers in these regions are becoming more environmentally conscious and are looking for sustainable and organic ways of farming and gardening. As a result, they are more inclined to use organic compost for their household gardens, driving the demand for residential organic compost in these regions. Another reason for the dominance of the West Coast and Northeast regions in the market is the increasing number of households in these regions that are practicing organic farming and gardening. These regions are home to many urban and suburban households interested in growing their food, and they are using organic compost to do so.
The Midwest region of the U.S. is poised to experience noteworthy growth in the market. The growth is driven by region's increasing adoption of sustainable agricultural practices. The Midwest region has been focusing on adopting organic composting practices to promote soil health and reduce carbon emissions. As more households in the region embrace the trend of sustainable agriculture and seek locally-sourced organic produce, the demand for organic compost is set to increase, driving the growth of the market in the region.
The Southern region of the U.S. has a warm and humid climate favorable for year-round farming and gardening, making it an ideal location for organic composting. Additionally, the region's growing population and increasing urbanization have resulted in a rise in demand for locally sourced and organic produce, which is driving the demand for residential organic compost in the region. The steady growth rate in the Southern region is expected to continue in the coming years, making it a key market for players to target. By the end of 2030, the Southern region is projected to hold a market share of over 20%, indicating significant opportunities for growth and expansion in the region.
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US Residential Organic Compost Market Drivers
Growing demand for organic food
Rising awareness about the benefits of composting
Increasing adoption of sustainable practices
US Residential Organic Compost Market Restraints
Limited consumer awareness
High cost
Limited supply
Lack of standardization
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The U.S. Residential Organic Compost market is highly competitive, with a large number of companies operating in the industry. The market is dominated by large and small players continuously investing in research and development activities to offer innovative and eco-friendly products. Some of the major players in the U.S. Residential Organic Compost market focus on strategies such as mergers and acquisitions, collaborations, partnerships, and new product launches to strengthen their market position. They also emphasize expanding their production capacity and increasing their geographical presence to cater to the growing demand for organic compost in the residential sector.
US Residential Organic Compost Market Top Player’s Company Profiles
US Residential Organic Compost Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our U.S. residential organic compost market analysis, the market growth is driven by the increasing demand for sustainable waste management solutions among homeowners. With the rise of environmental awareness and a shift towards more eco-friendly practices, organic composting has become an increasingly popular method of reducing food and garden waste. The market can be segmented based on product type, including food waste compost, garden waste compost, and others. Food waste compost is the largest segment, with a growing number of consumers recognizing the benefits of composting food scraps and reducing waste. Meanwhile, garden waste compost is the fastest-growing segment, with a trend toward sustainable gardening practices among homeowners. The market can also be segmented based on distribution channels, with supermarkets holding the largest market share due to their widespread availability and convenience. However, online sales are emerging as the fastest-growing segment as more consumers prefer the convenience of e-commerce. Specialty stores such as garden centers and organic markets are also witnessing growth, providing a wider selection of organic compost products and more personalized advice to consumers. Overall, the market is expected to continue its growth trajectory as more consumers recognize the importance of sustainable waste management practices.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 395.80 million |
Market size value in 2031 | USD 804.49 million |
Growth Rate | 8.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the U.S. Residential Organic Compost Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Residential Organic Compost Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Residential Organic Compost Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Report ID: SQMIC25AE2004
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