Food Recycling Machines Market Playing Significant Growth during 2028
Posted by Divakar on April 25th, 2021
Global Food Recycling Machines Market: Introduction
According to the UN Food and Agriculture Organization (FAO), more than a third of the food produced globally, goes waste, annually. The HoReCa sector, QSRs, foodservice sites, supermarkets and hypermarkets, other food related businesses, and households generate colossal volumes of food waste on a daily basis. Food leftovers and the waste generated during production, processing, and distribution within the food and beverages industry continues to create rampant food wastage volumes.
As an integral part of the sustainable food waste management system, food recycling machines serve to convert food waste into products or materials that are useful in terms of achieving sustainability of the environment. Food recycling machines tend to reduce both the weight and volume of wasted food scrap by almost 80-90%, delivering the output suitable for usage as manure or an organic fertilizer. Collection, separation, and recycling are the three key steps of a typical food waste recycling procedure.
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Global Food Recycling Machines Market: Key Dynamics
At present, food waste recycling machines are witnessing promising demand owing to the increasing number of proactive sustainable waste management initiatives, strongly complemented by visibly strong adoption within the restaurants sector as well as across the largest retail channels such as supermarkets. Consistently soaring levels of food waste generation and reported incompetency of conventional food waste composting methods are also likely to underpin the demand growth of food recycling machines.
The food recycling machines market is expected to take off in coming years, as both, the need for disposal costs reduction and the concerns regarding noxious emissions, intensify. Food waste recycling machine manufacturers are exploring opportunities created as a result of the shift of food waste from landfills to waste-to-energy plants.
The US (particularly the Macon-Bibb Commission) and European waste management legislation mandates privatization of food waste management practices – targeting households, and development of food waste recycling machines – targeting food manufacturers, retail sectors, and service providers. Agricultural waste also constitutes a major portion of the food waste and thus, the Food and Agriculture Organization (FAO) and the Ministry of Agriculture, Forestry, and Fisheries have been monitoring food waste in the agricultural industry. The tightening regulations related to food waste management will favor the demand for food recycling machines.
ROR (retail organic recycling) of food and other organic waste is trending in the market recently, potentially delivering dual benefits – sustainable and economic, owing to the budget-friendly and efficient disposal design.
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Global Food Recycling Machines Market: Notable Developments in Competitive Landscape
While the leading brands in food recycling machines market are highly likely to concentrate on commercialization of low-capacity food recycling machines, NPD and production facility expansion will remain their priority over the coming years. A majority of brands in food recycling machines manufacturing space are investing efforts in offering value-based products, intending a stronger global footprint.
Some of the prominent manufacturers of food recycling machines are likely to heavily invest in R&D, besides a few other key developmental strategies, including collaborative initiatives with top-notch research institutions.
Development of organic waste converters is currently trending among the active competitors in food recycling machines market landscape.
Global Food Recycling Machines Market: Regional Outlook
While North America and Europe have taken the lead in establishing a strong utilization base for food recycling machines, it is more likely that the adoption of waste recycling machines will witness an impressive rate within emerging economies of the developing regional markets. Increasing awareness about the significance of sustainable food waste management and the shifting cost-sensitivity of end-use consumers in developing regions will be crucial in widening the scope of food recycling machines penetration within such markets.
Global Food Recycling Machines Market: Segmentation
The global food recycling machines market can be segmented on the basis of end-use industry, power rating and region.
On the basis of end-use industry, the global food recycling machines market can be segmented as:
On the basis of power rating, the global food recycling machines market can be segmented as:
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About the AuthorDivakar
Joined: January 23rd, 2017
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