Global Food Recycler Market Overview:
The food recycler is a device used to convert food waste into beneficial organic compost. It dehydrates and sterilizes food waste with heat and vibration by reducing the volume by 90% in minimal lead time. Increasing people's awareness towards the food recycling process and devices and increasing concern for the environment is expected to positively influence the growth of the food recycler market in the near future.
As per latest study released by AMA Research, the Global Food Recycler market is expected to see growth rate of 7.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Innovation in Food Recycling and Composting Technologies
Market Growth Drivers:
Growing Infrastructure Developments in Developing Countries, Rapid Urbanization and Government Initiatives for Go Green Concept and Increasing Awareness towards Food Recycling and Concern for Green Environment
Challenges:
Lack of Interest Among Middle-Class People Owing to Price
Restraints:
High Cost of Food Recycler and Population Preferring To Leftover Rather Than Recycling
Opportunities:
Technological advancements such as Built-in Sensory Technology
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are Whirlpool Corporation (Zera) (United States), Food Cycler (Canada), Oklin International Ltd. (Hong Kong), Hungry Giant Recycling Inc. (United States), CP Manufacturing, Inc. (United States), Ridan Food Waste Composters (United Kingdom), Meiko (United States), Ecovim (United States), Emerson Electric (United States) and Nine Stars Group Inc. (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Food Recycler market by 2030. Considering Market by Power Rating, the sub-segment i.e. Up to 250W will boost the Food Recycler market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Food Recycler market. Considering Market by Material Type, the sub-segment i.e. Steel will boost the Food Recycler market.
Latest Market Insights:
On December 15, 2023, LiquiCycle and Orgaworld formed a strategic partnership to develop and commercialize advanced anaerobic digestion technology. This collaboration aims to accelerate the development of sustainable solutions for organic waste conversion.
On October 26, 2023, NextGen Recycling launched its Phoenix 5000 food waste recycling system, claiming it can process up to 5,000 pounds of food waste per day with minimal energy and water consumption.
What Can be Explored with the Food Recycler Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Food Recycler Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Food Recycler
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Recycler market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Recycler market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Food Recycler Manufacturers, Components and Accessories Suppliers, Food Processing Companies, End-Use Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.