A food waste disposer is a powerful machine used for effective household food waste management. The grinding impellers in the machine finely crush the waste into tiny particles for its easy drainage through the plumbing line. Food waste disposers are witnessing high demand worldwide as more & more people are becoming increasingly conscious of health & hygiene.
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.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: US, Canada, Mexico|
|Europe: Germany, The UK, France, Spain, Italy, Russia, Rest of Europe|
|Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific|
|South America: Brazil, Argentina, Rest of South America|
|Middle East & Africa: GCC, South Africa, Egypt, Saudi Arabia, Turkey, Rest of MEA|
|Key Companies Profiled||Emerson Electric Co., Franke Group, Haier, Hobart Corporation, The Home Depot, Whirlpool, Moen Incorporated, Kitchen Inifinity Inc., Hindware Appliances, Guangzhou Haike Electronic Technology Co., Ltd., Bin Crusher, and Plantex|
|Unit Denominations||USD Million/Billion|
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.
Based on End User:
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.
Geographically, the Global Food Waste Disposer Market expands across:
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.
On the other hand, the Asia-Pacific Food Disposer Market is expected to register rapid growth in the coming years. It ascribes to improving disposable incomes, the burgeoning adoption of automated cleaning solutions, especially in urban areas, and the ever-increased consumer awareness about health & hygiene with the advent of Covid-19. Besides, favorable government policies for organic waste management in countries like India, China, Singapore, Australia, Japan, and South Korea, among others, are also projected to bode well for regional market growth in the forecast years.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Food Waste Disposer Market is likely to register around 6.2% CAGR during 2023-28.
A. Increasing urbanization and massive food waste generation in hotels & restaurants worldwide are the prime aspect projected to drive the Food Waste Disposer Market during 2023-28.
A. Emerson Electric Co., Franke Group, Haier, Hobart Corporation, The Home Depot, Whirlpool, Moen Incorporated, Kitchen Inifinity Inc., Hindware Appliances, Guangzhou Haike Electronic Technology Co., Ltd., Bin Crusher, and Plantex are the key companies participating in the Food Waste Disposer Market.
A. The commercial sector is expected to create lucrative prospects for the leading players in the Food Waste Disposer Market during 2023-28.