USD 4.2 Billion
Waste Food Processor Market Size, Share, Growth Analysis, By Type(Batch Feed Waste Food Processor, and Continuous Feed Waste Food Processor), By Application(Commercial and Residential), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20N2017 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
60
|Figures:
75
Waste Food Processor Market Insights
Global Waste Food Processor Market size was valued at USD 4.2 Billion in 2022 and is poised to grow from USD 4.56 Billion in 2023 to USD 8.75 Billion by 2031, at a CAGR of 8.50% during the forecast period (2024-2031).
The global market is driven by several factors, including the growing concerns over environmental sustainability, the need to reduce waste food , and the increasing demand for organic fertilizers. One of the major factors driving the growth of the waste food processor market is the need to reduce waste food. According to the Food and Agriculture Organization of the United Nations (FAO), approximately one-third of all food produced globally is lost or wasted each year. This has led to increased efforts to reduce food waste, including the development of technologies that can process food waste into more useful forms. Another factor driving the growth of the waste food processor market is the increasing demand for organic fertilizers. Organic fertilizers are made from natural sources, such as compost, and are preferred by many farmers because they are considered to be more environmentally friendly than synthetic fertilizers. As a result, there has been an increase in the demand for machines and equipment that can process food waste into organic fertilizers.
The growing concerns over environmental sustainability have also contributed to the growth of the market. Food waste that ends up in landfills can produce methane gas, a potent greenhouse gas that contributes to climate change. By processing food waste into more useful forms, waste food processors can help reduce the amount of food waste that ends up in landfills, thereby reducing greenhouse gas emissions and promoting environmental sustainability. Overall, the waste food processor market is expected to continue to grow in the coming years, driven by these and other factors. As more organizations and individuals become aware of the benefits of reducing food waste and promoting environmental sustainability, the demand for waste food processing equipment is likely to increase.
US Waste Food Processor Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Batch Feed Waste Food Processor
Fastest Growth
Batch Feed Waste Food Processor
Growth Rate
8.50% CAGR
Global Waste Food Processor Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Waste Food Processor Market Segmental Analysis
Global Waste Food Processor market is segmented by type, application, and region. Based on type, the market can be segmented into batch feed waste food processor, and continuous feed waste food processor. Based on application, the market is segmented into commercial, and residential. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Waste Food Processor Market Analysis by Type
By type, the market can be segmented into batch feed waste food processor, and continuous feed waste food processor. The batch feed waste food processor segment dominates the market due to its wide adoption in residential applications. Batch feed processors are designed to process a smaller amount of food waste in batches, making them more suitable for household use.
The continuous feed waste food processor segment is expected to witness the fastest growth during the forecast period due to its ability to handle larger volumes of food waste and its wide adoption in commercial applications. Continuous feed processors are designed to process food waste continuously, making them more suitable for use in restaurants, hotels, and other commercial establishments.
Global Waste Food Processor Market Analysis by Application
By application, the market can be segmented into commercial and residential. The commercial segment dominates the market due to the increasing demand for waste management solutions in industries such as hospitality, food service, and healthcare. Commercial establishments generate a large amount of food waste that needs to be disposed of efficiently and sustainably. The residential segment is expected to witness the fastest growth during the forecast period due to the increasing awareness of environmental sustainability and the growing trend of home composting. Homeowners are becoming more conscious of the impact of food waste on the environment and are looking for sustainable solutions to manage their waste.
Global Waste Food Processor Market Size By Type, 2021 (%)
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Waste Food Processor Market Regional Insights
North America dominated the global waste food processor market due to the increasing adoption of sustainable waste management practices and the presence of key market players in the region. The US and Canada are major contributors to the growth of the North America market. The residential segment dominates the North America market, with homeowners increasingly looking for sustainable solutions to manage their waste.
The Asia-Pacific region is expected to witness the fastest growth during the forecast period due to the increasing demand for waste management solutions in emerging economies such as India and China. The commercial segment is expected to dominate the Asia-Pacific market due to the increasing adoption of sustainable practices in industries such as hospitality, food service, and healthcare. The growing awareness of environmental sustainability and the increasing government initiatives to promote sustainable waste management practices are expected to drive the growth of the Asia-Pacific waste food processor market.
Global Waste Food Processor Market By Geography, 2021-2030
- Largest
- Fastest
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Waste Food Processor Market Dynamics
Global Waste Food Processor Market Drivers
Increasing demand for sustainable waste management solutions
- One of the key drivers of the waste food processor market is the increasing demand for sustainable waste management solutions. With the rising awareness of environmental sustainability and the need to reduce greenhouse gas emissions, governments and organizations are looking for sustainable ways to manage their waste. Waste food processors are an effective solution for managing food waste, reducing the amount of waste that ends up in landfills, and producing compost that can be used for gardening and agriculture. This increasing demand for sustainable waste management solutions is expected to drive the growth of the waste food processor market.
Global Waste Food Processor Market Restraints
High initial cost of these devices
- One of the major restraints of the waste food processor market is the high initial cost of these devices. Waste food processors can be expensive to purchase and install, especially for commercial applications. Additionally, the maintenance and operational costs can also be significant, requiring regular cleaning, repairs, and energy consumption. This high cost can be a barrier to adoption for some organizations, particularly small businesses or those operating in low-income areas. However, the potential long-term cost savings and environmental benefits of waste food processors may outweigh the initial investment for many businesses and homeowners.
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Waste Food Processor Market Competitive Landscape
The global waste food processor market is highly fragmented, with numerous small and medium-sized players operating in the market. The market is characterized by intense competition among players, who are investing in research and development to develop innovative and cost-effective solutions. Key strategies adopted by players include product innovation, collaborations, partnerships, and acquisitions. Additionally, players are focusing on expanding their product portfolios to cater to the growing demand for sustainable waste management solutions. The market is expected to witness increased competition as new players enter the market with innovative and advanced waste food processor solutions.
Top Player’s Company Profiles in Global Waste Food Processor Market
- Emerson Electric Co. (US)
- Whirlpool Corporation (US)
- General Electric Company (US)
- InSinkErator (US)
- Hobart Corporation (US)
- Wasteking (UK)
- Franke (Switzerland)
- Anaergia Inc. (Canada)
- Bhor Engineering Co. (India)
- Earth Power Technologies Pvt. Ltd. (India)
- EZ Environmental Solutions (US)
- Tana Oy (Finland)
- Hungry Giant Recycling Inc. (Canada)
- KCS Engineering (US)
- Emerson Climate Technologies (US)
- Scott Equipment Company (US)
- Green Power Environmental LLC (US)
- Oklin International (Canada)
- Saniflo (France)
- SEKO (Italy)
Global Waste Food Processor Market Recent Developments
- In April 2023, Australian waste management company, SUEZ, launched its new food waste recycling facility in Melbourne, which can process up to 120,000 tonnes of food waste per year.
- In February 2023, French waste management company, Veolia, acquired Canadian food waste recycler, Organic Waste Solutions, to expand its presence in North America.
- In January 2023, Swedish start-up, Replate, raised $15 million in a Series A funding round to expand its food waste reduction platform.
- In August 2022, Swiss-based food waste recycling company, AgroEcoPower, acquired UK-based food waste processor, Agrivert, to expand its operations in Europe.
- In June 2022, US-based organic waste management company, Recology, partnered with fermentation technology start-up, Afineur, to develop new food waste reduction solutions.
Waste Food Processor Key Market Trends
- The global Waste Food Processor market is experiencing significant growth due to increasing concerns about food waste and the environmental impact of landfills. The market is driven by factors such as the rise in urbanization, changing dietary habits, and government regulations promoting sustainable waste management practices. The trend towards circular economy models is also driving market growth, with increasing demand for waste-to-energy solutions. Key players are investing in research and development to develop innovative products and technologies to capture a greater share of the market.
Waste Food Processor Market SkyQuest Analysis
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 global Waste Food Processor market analysis, the market is experiencing a surge in growth due to rising concerns about food waste and environmental impact. Factors such as urbanization, dietary changes, and government regulations promoting sustainable waste management practices are driving market growth. The trend towards circular economy models is further propelling the demand for waste-to-energy solutions. Key players in the market are investing heavily in research and development to create innovative products and technologies, as well as mergers and acquisitions to expand their presence and market share. Asia-Pacific is expected to witness the highest growth rate during the forecast period due to increasing population, urbanization, and rising disposable incomes. The demand for Waste Food Processors is expected to increase significantly in the coming years as individuals and governments continue to focus on reducing food waste and environmental impact.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.2 Billion |
| Market size value in 2031 | USD 8.75 Billion |
| Growth Rate | 8.50% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Waste Food Processor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Waste Food Processor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Waste Food Processor 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 Waste Food Processor 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Waste Food Processor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Waste Food Processor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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