The Global "Food Recycler Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).
The food recycler is an electrometrical device that converts food waste into beneficial organic compost. It dehydrates and sterilizes food waste with heat and vibration by reducing the volume by 90% in minimal lead time. Increasing global industrial and household demand for cost-effective machinery for food waste management is the primary factor driving the global food recycler market during the forecast period.
Growing utilization of food recycler machines by the restaurant chains and food distributors to reduce the landfill and effectively utilize compost produced in agricultural activities drives the global food recycler market. Stringent government regulations to reduce the landfill of food residue by food organizations are expected to boost the sales of food recyclers globally during the forecast period. The food organizations and service providers are increasing investment towards new machinery to reduce the waste food disposing of their daily services. Additionally, shifting agricultural practices towards organic farming and growing awareness among the communities towards food recyclers and compost usage are driving the global food recycler market.
However, the minimal availability of recycling machinery and the population preferring to leftover rather than recycling are major factors hindering the growth of the food recycler market during the forecast period.
The global food recycler market is segmented on end-user into restaurants, food manufacturers, households, food distributors, etc.
Restaurants dominate the global food recycler market owing to their extensive usage in daily production activities and growing government regulations to reduce the landfill by the food chains. The major food chains and restaurants are taking initiatives to reduce the environmental impact caused due to food waste landfills through the inclusion of food recyclers in their production units based on the daily food waste production capacity. According to the various resources, an average pre-and post-consumer food waste accounted for 4.2% of total sales in restaurants.
By region, the global food recycler market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.
North America is expected to dominate the global food recycler market owing to the presence of stringent government regulations/policies to reduce food wastage in landfills and the rise in adoption of food recyclers by the food chains groups and communities to meet the specific government requirements. Over the last few years, one of the major countries in North America, the United States, has seen a significant increase in food wastage production. According to the study published in U.S Environmental Protection Agency, the United States has generated food waste was accounted for the 12.8% of total waste generated in municipal solid waste. Approximately 25.8% of total waste generated in the Municipal solid waste is further processed for material generation, recycling, composting, and energy recovery.
The top 5 companies and the rest dominate the global food recycler market many companies. The market is currently experiencing new product developments in the micro/household food recycler range.
Some of the key players in the global food recycler market include Vita-Mix Corporation, Oklin International Ltd., Biomali, Whirpool Corporation, CP Manufacturing, Inc., BioHiTech Digesters.
**The global food recycler report will provide access to approximately 53 market data tables, 43 figures, and 198 pages.
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