A food waste disposer refers to a small machine used mainly in the kitchen to have an effective waste management system. This machine is usually fitted below the kitchen sink and uses electricity to function. Its main function is to crush the waste into very tiny particles, enabling it to easily pass through the plumbing. The demand for food waste disposers has escalated significantly in the present times since people are increasingly becoming aware and conscious regarding hygiene & health safety.
According to the latest report published by MarkNtel Advisors, the Global Food Waste Disposer Market is probable to grow at a CAGR of approximately 6.2% during the forecast period, i.e., 2023-28. The rapidly increasing mandate for food waste disposers in hotels & restaurants for the hassle-free & convenient disposal of huge amounts of waste produced by them is the primary factor predicted to contribute to the Global Food Waste Disposer Market growth.
Moreover, the food waste disposer is experiencing significant sales through both online and offline channels. This trend is contributing to the growth of the Global Food Waste Disposer Market, which is further fueled by factors such as the expansion of residential areas, the substantial amount of food waste generated by households, the increasing focus on proper waste management methods, and government initiatives aimed at improving waste disposal practices. Additionally, rising awareness about hygiene and health, along with numerous beneficial aspects are assisting in driving the growth of the Global Food Waste Disposer Market.
Companies Having a Dominating Stance in the Global Food Waste Disposer Market
Emerson Electric Co., Franke Group, Haier, Hobart Corporation, The Home Depot, Whirlpool, Moen Incorporated, Kitchen Inifinity Inc., Hindware Appliances, Guangzhou Haike Electronic Technology Co., Ltd., Bin Crusher, Plantex, and others, are some of the potential players across the Global Food Waste Disposer Market.
Breakdown of the Global Food Waste Disposer Market Segmentation
- By Product Type (Shattered, Dry, and Grinding)
- By Distribution Channel (Offline (Supermarkets & Hypermarkets, Exclusive Stores, and Small Retail Outlets) and Online)
- By End User (Residential, Commercial, and Others (Healthcare, Industrial, Educational Institutions, etc.))
- By Region (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific)
Commercial Sector captures the highest share of the Global Food Waste Disposer Market. The commercial sector involving hotels, restaurants, and cafes generates immense food waste globally leading to a rise in the demand for food waste disposers across this sector. The demand for food waste disposers is soaring in the commercial sector since the traditional and old ways of disposing of food waste are quite expensive, thus giving an edge to the food waste disposers and making them highly preferable.
North America is likely to conquer the highest share of the Food Waste Disposer Market during the forecast period. The major aspects leading to the dominance of the region in this market include increasing industrialization, incessantly growing urban population, growing formation & establishment of residential societies, and increased usage of organic left-over or waste for the making of animal feed & fertilizer. Additionally, the initiatives taken by the government and the policies implemented to avoid the loss of food are also some of the key factors fueling the North America Food Waste Disposer Market.
