Press release
Emerging Food Recycler Market Trends: Electric Food Recyclers Enhancing Waste Management Efficiency Shaping the Future of the Industry
Food Recycler
Food Recycler Market Size Growth Forecast: What to Expect by 2025?
The size of the food recycler market has substantially expanded in the recent past. The expansion is expected to continue from $35.17 billion in 2024 to $37.8 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.5%. This growth during the historic period can be ascribed to a surge in environmental awareness, the growing acceptance of organic farming and gardening, increasing urbanization, government-led initiatives like smart cities, expanding population, and augmenting concerns regarding efficient handling of waste.
How Will the Food Recycler Market Size Evolve and Grow by 2029?
The market scope of food recyclers is anticipated to undergo robust growth in the coming years, expanding to an estimated $49.79 billion by 2029, bolstered by a compound annual growth rate (CAGR) of 7.1%. This enhanced growth in the projected period is credited to rising alarms over food wastage, consumer preference for environmentally-friendly products, increasing adoption of circular economy models, governmental initiatives and legislation, as well as heightened awareness about environmental impact and climate change. Notable trends for this upcoming period comprise technological advancements, sustained research and development activities, collaborations and alliances, conversion of waste food into fertilizer, along with recycling and composition methodologies.
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What Drivers Are Propelling the Growth of Food Recycler Market Forward?
Anticipated advancement in the food recycler market can be attributed to the growing inclination towards natural and organic products. Natural items incorporate components sourced from nature, while organic merchandise is derived from organically cultivated materials and are subject to strict organic generation and certification criteria. The appeal for such products stems from their eco-friendly nature, shifting consumer choices, and heightened consciousness about health and environmental dilemmas. Food recyclers are crucial in promoting the production and longevity of organic items by converting organic trash into beneficial commodities like compost and green energy, thereby encouraging more eco-friendly and effective agricultural methods. For instance, data from the UK Department for Environment in May 2023 showed a rise of 6.2% to 49 thousand hectares in organically grown cereal crops in 2022. The region devoted to the cultivation of organic vegetables, inclusive of potatoes, expanded by 4.8% to 10 thousand hectares as opposed to 2021. Consequently, the escalating demand for natural and organic items is a key driver for the food recycler market.
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Which Emerging Trends Are Transforming the Food Recycler Market in 2025?
Leading firms in the food recycler market are prioritizing the creation of groundbreaking products such as electric food recyclers to boost efficiency in waste management and encourage sustainability. Electric food recyclers employ electricity to decompose food waste into compost or fertile soil, thereby reducing waste and promoting sustainability. These gadgets provide an efficient and environmentally friendly solution for homes and businesses seeking to decrease their ecological impact. For example, Food Cycle Science Corporation, a cleantech company based in Canada, introduced the FoodCycler Eco 3 in July 2024. This product boasts a petite design and a 3.5-liter capacity, making it perfect for homes with limited counter space. With its VortechTM grinding technology, it can handle tough items like bones and fibrous vegetables while operating quietly and without any unpleasant smells. The device has the capability to curb waste by up to 90%, transforming food waste into rich compost in merely hours.
What Are the Key Segments in the Food Recycler Market?
The food recycler market covered in this report is segmented -
1) By Component: Product, Services
2) By Material Type: Steel, Stainless Steel, Carbon Steel, Plastic, Fiber, Other Material Types
3) By Price Range: Economic, Premium
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Distributors, Retailers, E-commerce
5) By End User: Residential, Commercial
Subsegements:
1) By Product: Electric Food Recyclers, Manual Food Recyclers, Composting Bins, Food Dehydrators, In-Sink Garbage Disposals
2) By Services: Installation Services, Maintenance And Repair Services, Waste Collection Services, Recycling And Composting Services, Consultation And Training Services
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Who Are the Key Players Shaping the Food Recycler Market's Competitive Landscape?
Major companies operating in the food recycler market are Whirlpool Corporation, Hanmi Flexible Co Ltd., Vita-Mix Corporation, simplehuman, Joseph Ltd., Renovare Environmental Inc., MEIKO Maschinenbau GmbH & Co. KG, Ridan Composting Limited, The FoodCycler, Hungry Giant Recycling, Oklin International Ltd., Kollvik Recycling S.L., Bhor Engineering Pvt Ltd., Perfect Circle Recycling, Kompakt, Neterwala Group, Ninestars, BioHiTech Global Inc., Ecovim USA, Ecotone Renewables
What Geographic Markets Are Powering Growth in the Food Recycler Market?
North America was the largest region in the food recycler market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food recycler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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