Food Waste Disposable Units Market Size, Opportunities And Scope By 2033

The Business Research Company recently released a comprehensive report on the Global Food Waste Disposable Units Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Food Waste Disposable Units Market 2024 Key Insights:

• 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%.
• Rising Demand For Food Waste Disposal Units Driven By Population Growth, Urbanization, And Increasing Consumption
• Manufacturers Innovate Environment-Friendly Solutions For Food Waste Disposal
• Asia Pacific was the largest region in the food waste disposable units market in 2023

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