PUBLISHER: The Business Research Company | PRODUCT CODE: 1387883
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387883
“Food Waste Disposable Units Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food waste disposable units market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food waste disposable units? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The food waste disposable units market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Food waste disposal units are electrically powered devices designed to efficiently dispose of organic kitchen waste by sending it through sinkholes to sewer systems. These units are used by homeowners and commercial kitchens.
The primary types of food waste disposal units in the market include shattered type disposers, dry type disposers, and grinding type disposers. Grinding-type disposers are waste disposal devices equipped with a garbage-receiving chamber that features a rotatable disk with blade-like impeller members, typically located at or near the bottom of the chamber. These units find applications in various commercial and residential settings.
The food waste disposal units market research report is one of a series of new reports from The Business Research Company that provides food waste disposal units market statistics, including food waste disposal units industry global market size, regional shares, competitors with a food waste disposal units market share, detailed food waste disposal units market segments, market trends and opportunities, and any further data you may need to thrive in the food waste disposal units industry. This food waste disposal unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The food waste disposable units market size has grown strongly in recent years. It will grow from $2.26 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to several factors, including increasing environmental awareness, a growing emphasis on convenience and hygiene, urbanization trends, and various government initiatives aimed at promoting sustainable waste management practices.
The food waste disposable units market size is expected to see strong growth in the next few years. It will grow to $3.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The forecasted growth in the food waste disposal units market can be attributed to several key factors, including an increasing focus on sustainability and the circular economy, the continued trend of urban dwellings, ongoing technological advances, and growing concerns related to health and sanitation. Additionally, there is a growing trend toward the integration of smart and IoT-enabled units, the implementation of food recovery programs, the development of innovative disposal methods, and the integration of disposal units with various kitchen appliances, all of which are expected to drive market growth.
The food waste disposal units market is poised for growth due to various factors, including population growth, rapid urbanization, and increased consumption resulting from rising disposable income. According to the World Bank, it is estimated that the waste volume generated per person per day will reach 1.42 kg by 2025. The International Solid Waste Association forecasts a global increase in solid waste volumes by a factor of 2.37 by 2050.
The proliferation of restaurants is expected to be a significant driver of the food waste disposable units market. As restaurants are business establishments that serve prepared food and beverages for on-site consumption, they often utilize food waste disposal units to efficiently grind and dispose of food scraps. This not only enhances sanitation but also reduces the environmental impact. For instance, the Office for National Statistics reported that the UK had 101,785 restaurants in 2022, a notable increase from the 95,060 establishments reported in 2021. Therefore, the growing number of restaurants is a key driver of the food waste disposable units market.
the limited focus on environmental issues by some governments and industries, especially in developing countries, has acted as a constraint on the food waste disposable units market. These governments often prioritize infrastructural development and industrialization over environmental concerns. For instance, the Kyoto Protocol aimed to reduce global greenhouse gas emissions but did not achieve significant reductions, as many countries did not agree to or adhere to the emission targets outlined in the agreement.
Food waste disposal unit manufacturers are actively innovating advanced and environmentally friendly solutions, such as waste-to-energy systems. These disposal units process waste into fine particles, leading to the production of biogas, which can be used as a biofuel to generate electricity.
Major companies operating in the food waste disposable units market are concentrating on developing comprehensive food recycling services for households, offering eco-friendly solutions to reduce waste and promote sustainability. For example, in January 2023, Mill Industries Inc., a US-based waste management company, introduced the Mill Kitchen Bin, designed to efficiently manage various food waste items, including plate scrapings, fruits, vegetables, dairy products, eggs, and even meat like chicken. Users can continuously add food scraps to the bin until it reaches its capacity, at which point the company collects the food waste for processing. This approach provides a practical solution for food recycling at home.
Major companies operating in the food waste disposable units market include Anaheim Manufacturing Co, Emerson Electric Co, Franke Holding AG, Haier Group Corporation, Hobart Corporation, Whirlpool Corporation, InSinkErator, Apollo Kitchen Equipment & Services Pvt Ltd., WasteCare Corporation, MEIKO Clean Solutions Pvt Ltd., Komptech Americas LLC, Mavitec Group, Delitek AS, Unistone Electric Company, Disperator AB, EnviroPure Systems Inc., Wastequip LLC, BioHiTech Global Inc., Bokashicycle NVC LLC, WasteMaster Inc., Oklin International Ltd., Bioelektra Group, Bertin Medical Waste Sterilwave, Somat Corporation, Pulian International Enterprise Co Ltd., Go Green Environmental, Joraform AB, BinCrusher, BLANCO America Inc., Teka Group
Asia Pacific was the largest region in the food waste disposable units market in 2023. The regions covered in the food waste disposable units market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the food waste disposable units market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The food waste disposal units market consists of sales of dry-type disposers, shattered-type disposers, grinding-type disposers, and other food waste disposal units. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.