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Food Waste Composting Machine Market Share
Key players involve in the food waste composting machine market are Oklin International, Tidy Planet Ltd, Whirlpool Corporation, Ridan composting limited, and ECEPL accounting market share of 5-10% in 2023. The market is highly fragmented, showing signs of consolidation. It's a dynamic market with a mix of established players and new entrants, but with a tendency for some larger companies to hold a strong position. Manufacturers are constantly innovating and improving their products to meet the evolving needs and preferences of consumers.
Food Waste Composting Machine Market Companies
Major companies operating in the food waste composting machine industry include:
- Oklin International
- Tidy Planet Ltd
- Whirlpool Corporation
- Ridan composting limited
- ECEPL
- General Electric Company
- KCS Engineering
- Nachurs Alpine Solutions
- Exaco Trading Company
- Vitamix Corporation
- Bokashicycle, LLC
- Smart Cara
- SCD Probiotics
- Enviro World Corporation
- FoodCycler
- Full Circle
- Green Cycler
Why is the demand for electric food waste composting machines rising?
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.
How much is the food waste composting machine market worth?
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.
Why is the food waste composting machine industry growing in North America?
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.
Who are the major food waste composting machine industry players?
Oklin International, Tidy Planet Ltd, Whirlpool Corporation, Ridan composting limited, ECEPL, General Electric Company, and KCS Engineering among others.