Global Food Waste Recycling Machine Market Snapshot
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.
Report Attributes |
Details |
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% |
North America Market Share in 2021 |
~24% |
North America Growth Rate (2022-2032) |
CAGR 7.9% |
Collective Value Share (US, Germany, China) 2022: Top 3 Countries |
~36% |
Top 5 Companies’ Market Share in 2021 |
~20% |
Key Companies Profiled |
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2017-2021 Global Food Waste Recycling Machine Market Outlook in Comparison to 2022-2032 Growth Forecast
Efforts to Cut Back on Food Waste-A Precursor to Growth
Amelioration of Equipment’s leading to Higher Revenues
Conversion of Food Waste-An Effective Step towards Recycling
The trend of converting food waste into fertilizer is increasingly embraced as one of the eco-friendly and effective ways of food waste recycling. This trend is attracting manufacturers to scale up the product as per the convenience of end-user.
For instance, ‘Zera food recycler’ introduced by Whirlpool converts the waste food into organic fertilizer within 24 hours. In addition to this, ‘Harvester’ launched by WISErg, is an easy-to-use and self-contained machine, which converts food waste into organic fertilizers. All the above-listed factors, is expected to boost the demand for food waste recycling machines by 2.1X during the forecast years of 2022-2032.
Region-wise Insights
