The Food Recycler Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food Recycler Global Market Report 2024, The food recycler market size is expected to see strong growth in the next few years. It will grow to $46.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing concerns about food waste, consumer demand for eco-friendly products, growing adoption of circular economy practices, government initiatives and regulations, and environmental concerns and climate change awareness. Major trends in the forecast period include technological advancements, continued research and development, collaborations and partnerships, recycle the waste food by making fertilizer, and recycling and composition techniques.
The rising demand for natural and organic products is expected to propel the growth of the food recycler market going forward. Natural products contain ingredients derived from natural sources, while organic products are made from materials produced by organic agriculture and adhere to strict standards for organic production and certification. The demand for natural and organic products is due to sustainable and eco-friendly products, changing consumer preferences, and increased awareness of health and environmental issues. Food recyclers play a vital role in supporting the production and sustainability of organic products by recycling organic waste into valuable resources such as compost and renewable energy, fostering more environmentally friendly and efficient agricultural practices. For instance, in May 2023, according to the UK Department for Environment, organically grown cereal crops increased by 6.2% to 49 thousand hectares in 2022. The area of organically grown vegetables (including potatoes) increased by 4.8% to 10 thousand hectares compared to 2021. Therefore, the rising demand for natural and organic products driving the food recycler market.
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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, Fibre, 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
Major companies operating in the food recycler market are focused on developing innovative products, such as countertop food recyclers, to promote sustainability and reduce environmental impact. Countertop food recyclers are compact devices designed to sit on kitchen countertops, making it convenient for households to recycle food waste. Countertop food recyclers are increasingly popular among environmentally conscious consumers and businesses seeking convenient ways to manage organic waste and promote sustainable practices at a household or small-scale level. For instance, in September 2021, Tero, a Canada-based food recycler, developed an award-winning countertop food recycler. The device uses drying and grinding technology to reduce food waste volume by up to 90%, including cheese, dairy, avocado seeds, bones, meat, poultry, and fish. The sleek, simple design combines functionality and aesthetics without the inconveniences of traditional composting, such as odors, bugs, and time/space requirements.
The food recycler market report table of contents includes:
1. Executive Summary
2. Food Recycler Market Characteristics
3. Food Recycler Market Trends And Strategies
4. Food Recycler Market – Macro Economic Scenario
5. Global Food Recycler Market Size and Growth
…..
32. Global Food Recycler Market Competitive Benchmarking
33. Global Food Recycler Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Food Recycler Market
35. Food Recycler Market Future Outlook and Potential Analysis
36. Appendix
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