The Global Food Waste Recycling Machine Market is expected to grow to a value of more than $5.2 billion in 2027, with a CAGR (Compound annual growth rate) of over 6.6%.
Food Waste Recycling Machine: Introduction
The food waste recycling machine is a machine that reuses and processes kitchen waste, into useful materials and items, with a goal of accomplishing environment sustainability.
As per measurements distributed by the Food and Agriculture Organization of the United Nations, around 1.3 billion tons of food is wasted consistently. Reusing a large amount of food waste and definitely reducing the quantity of waste sent to landfills is quite difficult for state run administrations all over the world.
The catering business is giving increasingly more consideration to the utilization of economic activities without compromising the main concern of productivity. It keeps on showing an inclination for food waste recycling machines, which has advanced the improvement of food waste recycling machines. The need to minimize waste costs and control harmful emanations is driving the transition from landfills to waste-to-energy plants, which sets out open doors for the development of the food waste recycling machine market.
The food waste recycling machine market is being driven by concerns about legitimate and proficient food waste management across regions.
Rising awareness related to food waste and to lessen it is relied upon to push the interest of food waste recycling machine. This has additionally spurred a surge in interest for waste assortment frameworks.
The Global Food Waste Recycling Machine was $2.7 billion in 2022, and is expected to grow to a value of more than $5.2 billion in 2027, with a CAGR (Compound annual growth rate) of over 6.6% from 2022 to 2027.
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Market segmentation: Introduction
The Global Food Waste Recycling Machine Market is segmented by products, application, and region.
On the basis of products – 0-50 Kg, 50-100 Kg, 101-300 Kg, 301-500 Kg, 500-1000 Kg, and Above 1000 Kg.
On the basis of application – Primary food producers, Food manufacturers, Food distributors & suppliers, Food service providers, and Municipalities & households.
On the basis of region – Latin America : Mexico, Brazil, and The Middle East And Africa : South Africa, UAE, Saudi Arab, Rest of MEA, North America : U.S and Canada, Europe : U.K, Spain, Germany, Italy, Russia, France, and Rest of Europe, APAC : Japan, India, China, Australia, South Korea, South East Asia, Rest of Asia Pacific.
Main players in the Global Food Waste Recycling Machine Market are:
- Bhor Engineering Private Limited
- Hungry Giant Recycling
- Ridan Composting Ltd
- Weimar Biotech
- KCS Engineering
- Emerson Electric Co
- The Whirlpool Corporation
- Enic Co Limited
- BioHiTech Global Inc
- Oklin International Ltd
- IMC Waste Station
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