Market Size of Food Waste Disposers Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Food Waste Disposer Market Analysis
The Food Waste Disposers Market is anticipated to grow at a CAGR of 6% during the forecast period. The innovative technology introduction is making the products as advanced products, which is one of the major trends being witnessed in the global food waste disposers market. Major players are introducing innovative and novel food waste disposers for differentiating their products and sustain in the prevailing market competition.
One of the primary reasons supporting the growth is the high demand for these products from restaurants and hotels, especially the ones incorporated with attractive features such as easy installation and convenient use. The increasing demand for food waste disposers from restaurants and hotels is one of the key factors expected to drive the market's growth in the forthcoming years. The offline distribution channel segment will account for the highest market growth due to the increased sales of food waste disposers through offline stores including hypermarkets, specialty stores, home improvement stores, and other offline stores.
As governments around the world instituted lockdowns during the COVID-19 pandemic which directly impacted production and manpower. The online sales of the Food Waste Disposers Market experienced an increase, during the ongoing COVID-19 pandemic. The market has a positive growth in 2021, globally more food waste disposers are being sold through both e-commerce platforms as well as offline stores like supermarkets and specialty stores on account of the increasing health consciousness among people, especially after the advent of Covid-19
Food Waste Disposer Industry Segmentation
A complete background analysis of the Food Waste Disposers Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and a market overview is covered in the report. The report also features a qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain. The food Waste Disposers Market is Segmented By Type (Shattered Type Disposers, Dry Type Disposers, and Grinding Type Disposers), By End-User (Residential, and Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), and By Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers Market Size and Forecasts for the Food Waste Disposers Market in Value (USD Billion) for all the above
By Type | |
Shattered Type Disposers | |
Dry Type Disposers | |
Grinding Type Disposers |
By End-User | |
Residential | |
Commercial |
By Distribution Channel | |
Supermarkets & Hypermarkets | |
Specialty Stores | |
Online | |
Others |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
South America | |
Middle East and Africa |
Food Waste Disposers Market Size Summary
The Food Waste Disposers Market is poised for significant growth, driven by the introduction of innovative technologies that enhance product capabilities. This trend is particularly evident as major industry players strive to differentiate their offerings and maintain a competitive edge. The market is experiencing heightened demand from the hospitality sector, including restaurants and hotels, which favor disposers with features like easy installation and user convenience. The offline distribution channel is expected to dominate market expansion, with increased sales through hypermarkets, specialty stores, and home improvement outlets. The COVID-19 pandemic initially disrupted production and manpower, yet it also spurred a rise in online sales, as consumers became more health-conscious and sought efficient waste disposal solutions.
The commercial segment, particularly in the hospitality industry, represents a substantial portion of the market due to the high volume of food waste generated. Traditional disposal methods are costly, making food waste disposers a more economical choice. The Asia Pacific region is anticipated to experience rapid growth, fueled by urbanization, increased awareness of health and hygiene, and rising disposable incomes. Meanwhile, North America and Europe are expected to maintain their growth trajectories due to favorable economic conditions and heightened awareness. The market features key players like Waste King, The Emerson Electric Co., and Franke Group, with smaller companies also gaining traction through technological advancements and new market opportunities.
Food Waste Disposers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Trends Shaping the Food Waste Disposers Market
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1.5 Porter's Five Forces Analysis
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1.6 Insights on impact of technology in the Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Shattered Type Disposers
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2.1.2 Dry Type Disposers
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2.1.3 Grinding Type Disposers
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2.2 By End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Supermarkets & Hypermarkets
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2.3.2 Specialty Stores
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2.3.3 Online
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2.3.4 Others
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 South America
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2.4.5 Middle East and Africa
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Food Waste Disposers Market Size FAQs
What is the current Food Waste Disposers Market size?
The Food Waste Disposers Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Food Waste Disposers Market?
Waste King, The Emerson Electric Co., Franke Group, Haier Group Corporation and The Home Depot Inc. are the major companies operating in the Food Waste Disposers Market.