Food Recycler Market By Capacity (0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, 301-500 Kg/Day, 501-1000 Kg/Day, Above 1000 Kg/Day), By End User (Commercial, Households), By Distribution Channel (OEM, Distributors, Retailers, E-Commerce): Global Opportunity

Food Recycler Market By Capacity (0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, 301-500 Kg/Day, 501-1000 Kg/Day, Above 1000 Kg/Day), By End User (Commercial, Households), By Distribution Channel (OEM, Distributors, Retailers, E-Commerce): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global food recycler market size was valued at $26,310.3 million in 2021 and is estimated to reach $ 48,774.3 million by 2031, registering a CAGR of 6.4% from 2022 to 2031. Food wastage has emerged as a big challenge in all the countries around the globe. This has created a huge opportunity for the products that can help overcome this situation. Recycling organic waste has emerged as a challenge in several economies which drives the demand for the food recycler market in those economies. A food recycler is a machine that is used in both commercial and household to recycle waste food into fertilizer or manure. According to an article by the European Commission in the EU, around 88 million tonnes of food waste are generated annually with associated costs estimated at 143 billion euros (FUSIONS, 2016). While an estimated 20% of the total food produced is lost or wasted. The EU is committed to meeting the Sustainable Development Goal Target 12.3 to halve per capita food waste at the retail and consumer level by 2030 and reduce food losses along the food production and supply chains. Such initiatives in the region are expected to drive the growth of the market.

The rapid increase of urbanization and government initiatives like smart city, go green, etc. is expected to propel the growth of the food recycler market. According to United Nations Conference on Trade and Development in 2010, 51.6% lived in urban areas. By 2020, the share of the urban population increased to 56.2%. It is generally higher in the developed (79.2% in 2020) than in the developing world (51.6%). According to an article by the World Resource Institute, food waste already comprises 50 to 70 percent of municipal solid waste in several Chinese cities, including Beijing and Shanghai. Along with the rise in urbanization, the number of people who are opting for food waste management and are concerned regarding the environment will rise owing to this the market is expected to increase at a significant rate.

There is a huge increase in the demand for organic products owing to the rising awareness regarding the health benefits of organic products.  Compost improves soil structure and nutrient content, which reduces the need for chemical fertilizers. Moreover, the demand for organic products is growing in developed markets like Europe and North America due to higher consumer awareness, higher adoption of healthy food habits, and increased health consciousness among the population. Such a surge in the demand for organic products will result in an increasing demand for organic fertilizer. Food recyclers convert food waste into fertilizer without the use of any chemical, owing to this it is expected that there will be a surge in the demand for food recyclers.

However, the global food recycler market faces a major drawback due to the development of cold chain facilities and the rising trend of feeding people and animals among the population. Instead of feeding landfills, people are feeding people and animals nearby them. Even there are various organization working that takes excess food and distributes it to needy people.For instance, one can contact the America EXITEXIT EPA WEBSITE or local food rescue organizations for information about where they can donate and what types of food their local organization is able to accept. In 2012, the U.S. Department of Agriculture National School Lunch Program provided nutritionally balanced, low-cost, or free lunches to more than 31 million children each school day. According to the Food and Agriculture Organization of the United Nations, from 2012 to 2014 there were about 805 million hungry people on earth. They predict that by eliminating food loss and wasted food there would have been enough food to feed all the chronically undernourished. They also expect that they wouldn’t have to increase food production or put additional pressure on natural resources to do so. Such a rise in the trend of feeding people and animals coupled with rising awareness regarding organization working for it can hold back the growth of the global food recycler market

Technological advancements coupled with rising initiatives regarding food wastage management will create an opportunity for the market to grow since food wastage is reaching alarming heights and has become a global issue. According to the United Nations Environment Programme in the U.S. alone, an estimated 133 billion pounds of edible food (worth over $161 billion) goes to waste every year. Food waste also contributes to the largest volume of material in U.S. landfills accounting for 21% of the waste stream. Food waste costs Canadians $31 billion annually or about 2% of the country’s GDP. According to the U.S. Department of Agriculture in the United States, food waste is estimated at between 30-40 percent of the food supply. It has emerged as a challenge for the government to overcome all such wastage, for example in 2015, the USDA joined with the U.S. Environmental Protection Agency to set a goal to cut our nation’s food waste by 50 percent by the year 2030. Such a huge amount of food wastage coupled with the initiative by the governments is expected to present an opportunity for the food recycler market growth.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the food recycler market analysis from 2021 to 2031 to identify the prevailing food recycler market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the food recycler market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global food recycler market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Capacity

0-50 Kg/Day
50-100 Kg/Day
101-300 Kg/Day
301-500 Kg/Day
501-1000 Kg/Day
Above 1000 Kg/Day

By End User

Commercial
Sub-Segment
Hotels
Restaurant
Food Processing Centers
Composting Sites
School/ Universities
Households

By Distribution Channel

OEM
Distributors
Retailers
E-Commerce

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Saudi Arabia
Rest of LAMEA

Key Market Players

Ridan Composting Limited
WEIMAR Enterprise Sdn Bhd
Ecovim
MEIKO Maschinenbau GmbH & Co. KG
CP Group
Hungry Giant Recycling
Oklin International Ltd.
Hanmi Flexible Co., Ltd.
Mentari Alam Eko (M) Sdn Bhd
Kompakt
SmartCara
Kollvik Recycling S.L.
Ninestars
simplehuman
Joseph Joseph Ltd.
FoodCycler
Neterwala Group
Bhor Engineering Pvt., Ltd.
Emerson Electric Co.
Renovare Environmental, Inc.

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