The report offers actionable and valuable market insights of Food Waste Recycling Machine. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Food Waste Recycling Machine Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Food Waste Recycling Machine market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Food Waste Recycling Machine
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The global food waste recycling machine market is estimated at USD 2.7 Billion in 2022 and is forecast to surpass USD 5.2 Billion by 2032, growing at a CAGR of 6.6% from 2022 to 2032.
|Base Year Value (2021A)||USD 2.6 Billion|
|Estimated Year Value (2022E)||USD 2.7 Billion|
|Projected Year Value (2032F)||USD 5.2 Billion|
|Global Growth Rate (2022-2032)||CAGR 6.6%|
This newly published and insightful report sheds light on Market Insights of Food Waste Recycling Machine, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Food Waste Recycling Machine Market.
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Global Food Waste Recycling Machine Market by Category
- By Capacity :
- 0-50 Kg/Day
- 50-100 Kg/Day
- 101-300 Kg/Day
- 301-500 Kg/Day
- 501-1,000 Kg/Day
- Above 1,000 Kg/Day
- By Sales Channel :
- Online Sales Channel
- Offline Sales Channel
- By End-User :
- Food Processing Centre’s
- Restaurants & Hotels
- Schools & Universities
- Composting Sites
- By Region :
- North America
- Latin America
- East Asia
- South Asia
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Food Waste Recycling Machine Market- Competitive Landscape
The competitive landscape in the food waste recycling machine market report offers a deep-dive into the profiles of key players operating in the food waste recycling machine market.
Some of the leading players included in the report on food waste recycling machine market include
- BioHiTech Global
- Emerson Electric Co.
- KCS Engineering
- Oklin International
- Enic Co Limited
- Hungry Giant Recycling
- Bhor Engineering Company Limited
- Weimar Biotech
- IMC WasteStation
- Ridan Composting Ltd.
BioHiTech Global, a key player in the food waste recycling machine market, established an agreement for acquiring a site in the New Windsor town, New York City in the year 2017.
The food waste recycling machine market has a wide-spread presence of small and unorganized players, with consolidation of regional presence being their key strategic lever. The top 5 players hold around 20% of the revenue share and are focused on commercialization of small capacity machines, especially 0-50 kg/day’ and ’50-100 kg/day’. These players are focusing on new product development and facility expansion in a bid to retain their buoyancy in the market space, finds the report.
Manufacturers to Thrive on Untapped Opportunities with Value-based Offerings
The manufacturers of food waste recycling machine are focusing on fostering their foothold with value-based offerings, unveils Fact.MR study. For instance, Whirlpool introduced ‘Zera Food Recycler’, which converts the food scraps into organic fertilizers in a time span of 24 hours. This offering has been introduced with the pervading trend of converting food waste into reusable commodities.
The demand for food waste recycling machine in emerging regions is growing at a healthy rate; however, bulk of the sales remain concentrated in China and India. The cost-sensitivity of end-users in emerging regions of Africa and Latin America, combined with lax regulations on food recycling, have meant that sales have remain limited in these markets.
“Large-scale machines, comprising of high power consuming components in their peripheries, are highly likely to witness a substantial decline in demand amid the end-users, posing challenges for the growth trajectory”, Senior Analyst, Fact.MR
The Fact.MR research study analyzes the growth of food waste recycling machine market for the period of 2018 to 2028. As per the report, the market is likely to proliferate at a CAGR of 7.1% through 2028.
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More Valuable Insights on Food Waste Recycling Machine Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Food Waste Recycling Machine, Sales and Demand of Food Waste Recycling Machine, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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