The global food recycler market is anticipated to experience strong growth, with a projected compound annual growth rate (CAGR) of 5.6% from 2022 to 2032, according to a new report. The market, valued at USD 37.5 billion in 2021, is expected to reach USD 68.2 billion by the end of the forecast period in 2032.
Growing Demand Driven by Environmental Concerns and Technological Advancements
The global push for sustainability, coupled with rising concerns over food waste and environmental impact, has created a significant demand for food recycling technologies. As governments, industries, and consumers alike seek smarter, greener solutions, food recyclers have emerged as an effective tool to address the alarming global issue of food waste.
Food recyclers are primarily used to convert organic waste into valuable products like compost and fertilizer. This innovation has gained popularity, especially in urban areas with the growing trend of kitchen gardens, as well as in commercial spaces such as hotels, restaurants, and cafes, where large amounts of food waste are generated daily.
The market is being further propelled by advancements in food composting techniques, which have made food recyclers increasingly efficient and user-friendly. The growing awareness of the benefits of using organic compost over chemical fertilizers is also expected to fuel demand for these devices in the coming years.
Key Market Drivers
- Urbanization and Smart City Projects: The rise in urbanization, along with government initiatives such as “go green” concepts and smart city projects, is expected to significantly increase demand for food recycler products and services globally.
- Environmental Awareness: Increasing awareness about food recycling and composting processes, as well as the need for environmentally friendly practices, is driving consumer interest and adoption.
- Technological Advancements: Continued innovations in food recycling and composting technologies, particularly in developed regions like North America and Europe, are expected to contribute to the market’s growth. Countries such as China, Japan, and others in Asia-Pacific are expected to see technological advancements that will foster new opportunities in the food recycler market.
- Affordable Pricing: The introduction of more affordable food recycling solutions by manufacturers will likely make these devices accessible to a larger segment of the population, further boosting market demand.
Key Companies Profiled
Whirlpool’s
Food Cycle Science
Wastefox
Joseph Joseph
Nine Stars Group (USA) Inc.;
Simplehuman
Smart Cara
Food Cycler
Mares Group
Major Developments in the Food Recycler Market
- In January 2022, the Zera food recycler device launched by Whirlpool was awarded the CES Best of Innovations Award. This new innovation is very efficient and can turn the waste food products into fertilizer within 24 hours that can generate a lot of demand for food recycler product.
- In October 2021, the Quebec entrepreneurs group successfully designed a home food recycler named Tero that can recycle kitchen waste into organic fertilizer for gardens. This segment is expected to drive some higher sales of food recycler products in retail market.
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Key Segments
By Component:
- Product
- Services
By Price Range:
- Economic
- Premium
By Distribution Channel:
- OEM
- Distributors
- Retailers
- E-commerce
By Material Type:
- Steel
- Stainless Steel
- Carbon Steel
- Plastic
- Fibre
- Others
By End Use:
- Residential
- Commercial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
