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Food Waste Disposable Units Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Food Waste Disposable Units Market
The Business Research Company offers in-depth market insights through Food Waste Disposable Units Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The food waste disposable units market size has grown strongly in recent years. It will grow from $2.26 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to environmental awareness, convenience and hygiene, urbanization, government initiatives.
The food waste disposable units market size is expected to see strong growth in the next few years. It will grow to $3.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to sustainability and circular economy, urban dwellings, technological advances, health and sanitation concerns. Major trends in the forecast period include smart and iot-enabled units, food recovery programs, innovative disposal methods, integration with kitchen appliances.
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Market Segmentation:
The main types of food waste disposal units market are shattered type disposers, dry type disposers, and grinding type disposers. Grinding-type disposers are waste disposal devices that include a garbage-receiving chamber having at or adjacent to its bottom a rotatable disk provided with blade-like impeller members. It is applied in various commercial and residential applications.
Major Driver - Rising Demand For Food Waste Disposal Units Driven By Population Growth, Urbanization, And Increasing Consumption
Population growth, rapid urbanization and increasing consumption due to rising disposable income will further increase the demand for food waste disposal units. According to the World Bank, by 2025, the waste volume generated per person per day is estimated to reach 1.42 kg. The International Solid Waste Association has forecasted that globally solid waste volumes will rise by a factor of 2.37 by 2050.
Competitive Landscape:
Major companies operating in the food waste disposable units market include Anaheim Manufacturing Co, Emerson Electric Co, Franke Holding AG, Haier Group Corporation, Hobart Corporation, Whirlpool Corporation, InSinkErator, Apollo Kitchen Equipment & Services Pvt Ltd., WasteCare Corporation, MEIKO Clean Solutions Pvt Ltd., Komptech Americas LLC, Mavitec Group, Delitek AS, Unistone Electric Company, Disperator AB, EnviroPure Systems Inc., Wastequip LLC, BioHiTech Global Inc., Bokashicycle NVC LLC, WasteMaster Inc., Oklin International Ltd., Bioelektra Group, Bertin Medical Waste Sterilwave, Somat Corporation, Pulian International Enterprise Co Ltd., Go Green Environmental, Joraform AB, BinCrusher, BLANCO America Inc., Teka Group
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Top Trend - Manufacturers Innovate Environment-Friendly Solutions For Food Waste Disposal
The food waste disposal unit manufacturing companies are focusing on innovating advanced environment-friendly solutions such as waste-to-energy solutions. The disposers convert the waste into fine particles, which further leads to the formation of biogas. The generated biogas in the form of biofuel can be used to generate electricity.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Waste Disposable Units Market Characteristics
3. Food Waste Disposable Units Market Trends And Strategies
4. Food Waste Disposable Units Market - Macro Economic Scenario
5. Food Waste Disposable Units Market Size And Growth
…..
27. Food Waste Disposable Units Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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