Market Definition
Food waste disposal systems are machines that dispose the food waste from commercial & residential spaces that otherwise decompose & create odor, attract pests, and serve as a breeding ground for bacteria. These disposers play a crucial role in protecting the environment.
Market Insights
The Brazil Food Waste Disposal System Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28. Brazil is one of the ten largest food waste generators worldwide, which discards around 30% of all fruits & vegetables harvested. Nearly 40,000 tons of food gets thrown away daily and decomposed in landfills, which releases significant amounts of methane, cites the Brazilian Agricultural Research Corporation. These massive losses of food, mainly fruits & vegetables, arise at varying amounts in production, handling & storage, processing, as well as distribution at the consumer level, owing to inadequate infrastructure as well as issues in value chains of fruits & vegetables, such as deterioration, physical damage, drying, & high temperatures.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| Key Companies Profiled | InSinkErator, Emerson Electric Co., Franke Group, Haier, Hobart Corporation, The Home Depot, Whirlpool, Moen Incorporated, Hindware Appliances, General Electric, Wasteking |
| Unit Denominations | USD Million/Billion |
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 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, government initiatives for organic waste disposal & food waste management, coupled with environmental awareness about the conservation and reuse of organic waste in the agriculture sector, are also being witnessed.
These trends, along with the ever-increasing health consciousness among people, especially after the advent of Covid-19, more & more food waste disposers are being sold through both e-commerce platforms as well as home improvement stores, specialty stores, & hypermarkets, among others.
