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Food Waste Composting Machine Market Analysis

  • Report ID: GMI10244
  • Published Date: Jul 2024
  • Report Format: PDF

Food Waste Composting Machine Market Analysis

Based on Type, the electric-machine segment accounted for revenue of around USD 4.9 billion in 2023 and is set to reach USD 11 billion by 2032. Electric composting machines are extremely effective and easy to use, harnessing electricity to expedite composting by automating heating, mixing, and aeration processes. They are particularly suited for urban homes and businesses with limited space and time, swiftly transforming food waste into nutrient-rich compost in just days. These machines often include advanced functionalities such as odor management, digital interfaces, and customizable options, making them a convenient option despite their increased price and energy usage.
 

In 2023, non-electric machine segment was worth around USD 5.6 billion in 2023 and is likely to exceed USD 12 billion by 2032. Non-electric composting machines depend on natural processes, utilizing manual turning and aeration to decompose organic waste. These machines are environmentally friendly since they operate without electricity, appealing to eco-conscious individuals and those in regions with limited power access. They are generally cost-effective and easier to upkeep, although the composting process is slower, typically taking several weeks to months to generate usable compost.

 

Food Waste Composting Machine Market Revenue Share, By Application, (2023)

Based on application, the residential segment was crossed USD 6.1 billion in 2023 and predicted to hit USD 13.8 billion by 2032. Homeowners are increasingly adopting composting machines to manage organic waste efficiently, reduce landfill contributions, and produce nutrient-rich compost for gardening.
 

The commercial segment was valued at USD 4.5 billion in 2023 and is poised to cross around USD 9.2 billion by 2032. Offices, restaurants, and food processing centers are experiencing significant growth. Businesses are motivated by the need to comply with stringent waste management regulations, reduce disposal costs, and enhance their corporate social responsibility profiles. Restaurants and food processing centers generate substantial amounts of organic waste, making composting machines an essential tool for managing this waste sustainably.
 

North America Food Waste Composting Machine Market Size, 2021 – 2032, (USD Billion)

North America food waste composting machine market size surpassed USD 4.6 billion in 2023 and expected to reach around USD 9.9 billion by 2032. North American manufacturers are constantly innovating to improve the functionality and usability of food waste composting machines. A key advancement is the use of anaerobic digestion technology, which employs microbes to convert organic waste into biogas and digestate, a nutrient-rich fertilizer. Companies like Bioenergy Dev Co. are at the forefront of this technology, fine-tuning conditions to maintain efficient microbial activity.
 

Country Level Analysis

North America: In terms of country, the US dominating with the overall revenue share of 79% in the North America food waste composting machine market. Manufacturers are integrating odor control and noise reduction technologies to make these machines more suitable for urban and residential settings. The adoption of advanced materials, such as corrosion-resistant alloys and high-strength plastics, is also on the rise, enhancing the durability and efficiency of these machines. These technological advancements not only boost the performance and convenience of food waste composting machines but also make them more accessible and attractive to a wider range of consumers, thereby supporting sustainable waste management practices across the region.
 

Europe: The Europe food waste composting machine market was valued at around USD 2.5 billion in 2023 and is anticipated to register a CAGR of 8.8% between 2024 to 2032. Consumer and company awareness of environmental sustainability is growing. Compost machines offer a convenient way to reduce food waste and have a positive impact on the environment by turning organic waste into compost. Germany has strict management regulations and targets to reduce landfill. This has led individuals and businesses alike to adopt composting machines as part of their waste reduction strategy.
 

Asia Pacific: The Asia Pacific food waste composting machine market was valued at around USD 2.1 billion in 2023 and is anticipated to register a CAGR of 10.6% between 2024 to 2032. The Government of India has actively promoted sustainable waste management, including composting. Initiatives such as the Swachh Bharat Mission and various state-level policies encourage the adoption of composting techniques to reduce landfill and promote environmental sustainability. With rapid urbanization and industrialization, the amount of organic waste is increasing significantly, especially in urban areas. Food waste composting machines offer a functional solution for local and sustainable use of this waste.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of food waste composting machine was worth over USD 10.6 billion in 2023 and is anticipated to register 9.5% CAGR between 2024 and 2032, fueled by growing awareness of sustainable waste management practices.

Th electric food waste composting machine market accounted for USD 4.9 billion in 2023 and is expected to reach USD 11 billion by 2032, as they are extremely effective and easy to use, harnessing electricity to expedite composting by automating heating process.

North America food waste composting machine market size was crossed USD 4.6 billion in 2023 and is likely to exceed USD 9.9 billion by 2032, as manufacturers are constantly innovating to improve the functionality and usability of food waste composting machine.

Oklin International, Tidy Planet Ltd, Whirlpool Corporation, Ridan composting limited, ECEPL, General Electric Company, and KCS Engineering among others.

Food Waste Composting Machine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 5
  • Tables & Figures: 531
  • Countries covered: 21
  • Pages: 340
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