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Household Food Waste Composting Machine Market Growth Accelerates: Strategic Forecast Predicts $4.18 Billion by 2029
Household Food Waste Composting Machine Market
What Will the Household Food Waste Composting Machine Industry Market Size Be by 2025?
In the past few years, the market size for domestic food waste composting machines has been on a steady rise. Projected to increase from $3.1 billion in 2024 to $3.25 billion in 2025, the market will experience a Compound Annual Growth Rate (CAGR) of 4.8%. The ascent observed in the historical span is credited to heightened environmental consciousness, transition to sustainable methods, government drives and legislations, urbanization surge, and educational campaigns and engagement activities.
What's the Long-Term Growth Forecast for the Household Food Waste Composting Machine Market Size Through 2029?
The market for household food waste composting machines is anticipated to witness a robust increase in the upcoming years, escalating to $4.18 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The projected expansion during the forecast period can be linked to heightened emphasis on the circular economy, waste management strategies, consumer preference for environmentally-friendly solutions, alignment with citywide composting programs, and education and outreach efforts. Primary trends in the forecast period encompass energy-efficient operations, the introduction of automated mixing systems, employment of biodegradable bags and liners, and innovative product designs.
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What Are the Key Growth Drivers Fueling the Household Food Waste Composting Machine Market Expansion?
The escalating volume of waste production is projected to expedite the expansion of the household food waste composting machine market. Waste typically signifies an item or substance that is either expired or no longer serves its original function. Household food waste composting machines are employed to minimize waste by reprocessing and recycling food waste to generate organic fertilizers. For example, the National Environment Agency, an organization based in Singapore that provides environmental services, stated in May 2023 that a staggering 7.39 million tons of solid waste were generated in 2022. Furthermore, the production of domestic waste increased from 1.82 million tons in 2021 to 1.86 million tons in 2022. Consequently, the escalating volume of waste production is fuelling the growth of the household food waste composting machines market.
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What Are the Key Trends Driving Household Food Waste Composting Machine Market Growth?
Leading firms in the household food waste composting machine market are introducing innovative machines like the industrial food waste grinder to boost efficiency. The objective of these technologies is to simplify composting processes and make them attractive to households, encouraging environmentally friendly waste management. The industrial food waste grinder is a device that grinds large quantities of food waste into manageable portions for easy disposal or composting. Commonly found in commercial kitchens and food processing units, this machine aids in efficient waste management and eco-friendly practices. For example, in September 2024, Power Knot, a manufacturing enterprise based in the US, bought a BCG-150. Power Knot's BCG-150 is an effective tool for grinding rigid food waste, which helps improve digestion rates in biodigesters and reinforce sustainable waste management. Its sturdy structure and high processing capacity make it suitable for operations on a large scale.
How Is the Household Food Waste Composting Machine Market Segmented?
The household food waste composting machinemarket covered in this report is segmented -
1) By Type: Indoor, Outdoor
2) By Price: Low, Medium, High
3) By Distribution Channel: Direct, Indirect
Subsegments:
1) By Indoor: Countertop Composters, Electric Indoor Composters, Bokashi Composters
2) By Outdoor: Bin Composters, Tumbler Composters, Worm Composters
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Which Companies Are Leading the Charge in Household Food Waste Composting Machine Market Innovation?
Major companies operating in the household food waste composting machine market report are Whirlpool Corporation, Emerson Electric Co., Keter Group SA, Breville Group Ltd., Vita-Mix Corporation, Full Circle Home LLC, EcoRich LLC, Green Mountain Technologies Inc., HotBin Composting, Oklin International Ltd., SCD Probiotics LLC, Tidy Planet Limited, Bokashicycle LLC, CleanRobotics Inc., Bhor Engineering Pvt. Ltd., Fornnax Technology Pvt. Ltd., KK Balers Ltd., Ridan Composting Ltd., Enviro World Corporation, NatureMill Inc., Food Cycle Science Corporation, Hungry Giant Recycling Inc., Open Mind Developments Corporation, Urban Worm Company, SureClose Ltd.
Which Regions Are Leading the Global Household Food Waste Composting Machine Market in Revenue?
North America was the largest region in the household food waste composting machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the household food waste composting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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