Press release
Food Recycling Machine Market is Expected to Progress at a CAGR of 6.7% to Reach US$ 5.92 Billion by 2034
Food Recycling Machine Market
The food recycling machine market is dominated by the increasing amount of food waste generated across the world. The volume of trash created by the increasing food production in the world increases the demand for efficient recycling measures. The machines help minimize waste and encourage sustainability by converting food waste into useful products, including compost or biogas.
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Regional Outlook
Though North America and Europe have led the way in creating a robust base of utilization for food recycling machines, it is estimated that the use of waste recycling machines will experience a remarkable rate in the emerging economies of the developing regional markets.
Growing consciousness regarding the importance of sustainable food waste management and the changing cost-sensitivity of end-use consumers in developing markets will be essential in expanding the reach of food recycling machine's penetration in such markets.
Generation of food waste varies worldwide. Europe and North America lead in terms of per capita generation of food waste and the Middle East & Africa generates the least food waste. It is noteworthy that high volumes of food are wasted at retail & consumer levels in industrialized nations like Germany, the United States, and Japan.
Competitive Landscape
Whereas the top companies in food recycling machine industry are concentrating on commercialization of low-capacity food recycling machines, NPD and expansion of production facilities will be their priority in the coming years. Most brands in food recycling machines manufacturing segment are putting efforts in providing value-based products, planning a stronger global presence.
Whirlpool Corporation, an early innovator in automatic food recycling machines, introduced the Zera Food Recycler, which converts food waste into organic fertilizer through a 24-hour process.
Some of the leading producers of food recycling machines are making investments in R&D, along with a few other crucial developmental strategies, such as collaborative programs with top-class research centers.
Singapore's Westcom Solutions Pte Ltd has been an important contributor to Asia's food waste management campaign. Westcom has continued to emphasize intensive R&D of novel food waste management technologies, preferably organic, by microbes. Westcom is an established brand of a new line of food waste fermentation and decomposition machines, very convenient and performing excellently.
With a focus on multi-dimensional sustainability, Westcom's food recycling equipment drastically reduces the transportation and incineration expense. The corporation's hallmark bio-engineering technology is said to be perfectly suited to food recycling and waste management uses.
Development
NetelEco BioMali, a new series of AOWCs (automatic organic waste converters), effectively treats wet waste in a 24-hour composting cycle. The food recycling unit converts the waste food into compost and the output volume of the resulting compost is said to be reduced down to only 10-15% of the original waste input.
BioMali has been formulated commonly for use in housing societies, private apartments and bungalows, public gardens and lawns, kitchen gardens, restaurants and hotels, hostels and canteens, hospital and industrial buildings, malls, markets, and commercial establishments.
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Key Participants
Examples of some of the market participants across the value chain of the global food recycling machine market include :
Oklin International Ltd.
Hungry Giant Recycling Inc.
CP Manufacturing, Inc.
Ridan Food Waste Composters
Meiko
Kompakt
Whirlpool Corporation (Zera)
Nanjgel Enterprise
Ecovim
BioHiTech Global Company
Segmentation of Food Recycling Machine Market Research
By Power Rating :
Up to 250W
250W to 1000W
More than 1000W
By End-use Industry :
Retail
Food Stores
Restaurants
Services
Hospitals
Hotels/Lodging
Others (Schools, Institutes, etc.)
Manufacturing
Food Products
Others (Public Administration, etc.)
By Region :
North America
Western Europe
Eastern Europe
Latin America
East Asia
South Asia & Pacific
Middle East & Africa
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