Global Food Waste Disposer Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Food Waste Disposer Market is likely to grow at around 6.2% CAGR during the forecast period, i.e., 2023-28. The growth of the market is expected to be driven mainly by the burgeoning demand for food waste disposers in hotels & restaurants for the hassle-free & convenient disposal of the massive amount of food waste being generated in these establishments, coupled with the active efforts of manufacturers toward introducing innovative products in order to expand their consumer base & yield significant revenues.
In addition, the Global Food Waste Disposer Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
Globally, more & more food waste disposers are being sold through both e-commerce platforms as well as offline stores like home improvement stores, specialty stores, & hypermarkets, among others, on account of the increasing health consciousness among people, especially after the advent of Covid-19.
The massive food waste generation in households, increasing residential building construction, various government initiatives for organic waste disposal & management, rising need for effective waste treatment methods, and growing environmental awareness of organic waste conservation & reuse in the agriculture sector are further projected to boost the food disposers market in the coming years.
Global Food Waste Disposer Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Food Waste Disposer Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter’s five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Product Type
-Shattered
-Dry
-Grinding
-By Distribution Channel
-Offline
-Supermarkets & Hypermarkets
-Exclusive Stores
-Small Retail Outlets
-Online
-By End User
-Residential
-Commercial
-Others (Healthcare, Industrial, Educational Institutions, etc.)
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
Each sections offer valuable insights into the Food Waste Disposer Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
Market Segmentation
Based on End User:
- Residential
- Commercial
- Others
- Healthcare
- Industrial
- Educational Institutions, etc.
Here, the commercial sector holds a larger share of the Global Food Waste Disposer Market. The massive generation of food waste in the rapidly increasing number of restaurants & hotels worldwide is the prime aspect driving the demand for food waste disposers across the commercial sector. These appliances are considered the most efficient & suitable for disposing of substantial food waste deposits in these facilities. Moreover, excessive expenses for disposing of this food waste through conventional methods incurred by restaurants & hotels are also amplifying the demand for food waste disposers as all the collected trash needs to get buried for slow decomposition, which involves huge costs.
Regional Projection
Geographically, the Global Food Waste Disposer Market expands across:
- North America
- South America
- Asia-Pacific
- Europe
- The Middle East & Africa
Of all regions globally, North America is projected to attain a substantial share of the Food Waste Disposer market during 2023-28. Most households, especially in the US & Canada, are equipped with food waste disposers as the amount of food disposed of by Americans every year is uncountable. Rising industrialization, ever-increased usage of organic waste for the production of animal feed & fertilizer, rapidly growing urban population, increasing establishment of residential societies, and various policies & programs being laid by the government toward reducing food loss & waste are the prime aspects driving the North America Food Waste Disposer Market.
Competitive Analysis of the Global Food Waste Disposer Industry
-Emerson Electric Co.
-Franke Group
-Haier
-Hobart Corporation
-The Home Depot
-Whirlpool
-Moen Incorporated
-KITCHEN INFINITY INC.
-Hindware Appliances
-Guangzhou Haike Electronic Technology Co., Ltd.
-Others (Bin Crusher, Plantex, etc.)
Global Food Waste Disposer Market Research Report Answers the Following Key Questions
- How big is the Global Food Waste Disposer Market?
- What is the projected growth rate or CAGR of the Global Food Waste Disposer Market during 2023-28?
- What are the key trends or growth opportunities for the key players in the Global Food Waste Disposer Market?
- Which ‘segment’ seems promising for companies operating in the Global Food Waste Disposer Market?
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