Summary

The Food Waste Disposers Market is anticipated to grow at a CAGR of 6% during the forecast period.

Key Highlights
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.


Key Market Trends

Commercial Segment is Dominating the Market

Disposable of the large amounts of food waste that restaurants and hotels generate on a regular basis is a problem for these entities. Food waste disposers are the most appropriate and efficient appliances for commercial entities where the quantity of recurring food waste deposits is high. Restaurants and hotels incur huge expenses for disposing of food waste through the traditional trashing method. This is because the accumulated trash needs to be buried for slow decomposition, which involves huge costs, depending on the quantity. Of the two major end-users, the commercial segment held the largest market share in 2018, contributing to over 50% of the market.

Asia-Pacific Region is Anticipated to Grow at a High Rate

The Asia Pacific region s anticipated to grow at a higher rate, owing to the increased adoption of automated cleaning solutions in metro cities, increased awareness about health and hygiene, and growth in disposable incomes.

The rapid urbanization in countries such as India, China, Australia, Japan, Malaysia, South Korea, and other South Asian countries are expected to further boost the demand for the food waste disposers in this region. North America and Europe regions growth momentum would continue as a result of favorable economic conditions and growing awareness.

Competitive Landscape

The report covers major international players operating in the Food Waste Disposers Market. Some of the key players in the market are Waste King, The Emerson Electric Co, Franke Group, Haier Group Corporation, and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

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