Food Recycler Market Report 2024

The food recycler market size has grown strongly in recent years. It will grow from $32.9 billion in 2023 to $35.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth observed in the historical period can be linked to several factors, rising environmental awareness, the growing popularity of organic farming and gardening, increasing urbanization, government initiatives such as smart cities, population growth, and heightened concerns regarding efficient waste management.

The food recycler market size is expected to see strong growth in the next few years. It will grow to $46.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. Anticipated growth in the forecast period is driven by various factors including heightened concerns over food wastage, consumer preference for eco-friendly products, increased adoption of circular economy practices, government policies and regulations, growing environmental awareness, and increasing focus on climate change. Key trends expected in this period include technological advancements, ongoing research and development, collaborations and partnerships, the recycling of food waste into fertilizers, and advancements in recycling and composting techniques.

The food recycler market is poised for growth driven by increasing demand for natural and organic products. Natural products derive their ingredients from natural sources, while organic products are produced using materials from organic agriculture, adhering to strict production and certification standards. This demand is propelled by sustainability, eco-friendliness, evolving consumer preferences, and heightened awareness of health and environmental issues. Food recyclers are pivotal in supporting the production and sustainability of organic products by transforming organic waste into valuable resources such as compost and renewable energy, fostering environmentally friendly agricultural practices. For example, in May 2023, organically grown cereal crops in the UK increased by 6.2% to 49 thousand hectares in 2022, while organically grown vegetables (including potatoes) expanded by 4.8% to 10 thousand hectares compared to 2021. Thus, the rising demand for natural and organic products drives growth in the food recycler market.

Key players in the food recycler market are focusing on innovation, such as countertop food recyclers, to promote sustainability and reduce environmental impact. Countertop food recyclers are compact devices designed for kitchen countertops, offering households a convenient way to recycle food waste. These devices are increasingly popular among environmentally conscious consumers and businesses seeking sustainable waste management solutions at a household or small-scale level. For instance, Tero, a Canada-based company, developed an award-winning countertop food recycler in September 2021. Using drying and grinding technology, it reduces food waste volume by up to 90%, handling a variety of materials including cheese, dairy, avocado seeds, bones, meat, poultry, and fish. Its sleek design blends functionality and aesthetics while overcoming challenges associated with traditional composting, such as odors, insects, and space requirements.

In August 2022, Whirlpool Corporation, a US-based manufacturer of home appliances, completed the acquisition of InSinkErator for an undisclosed sum. This strategic acquisition is aimed at strengthening Whirlpool's portfolio in the kitchen appliance sector and expanding its offerings in sustainable food waste management solutions. InSinkErator, also based in the US, specializes in manufacturing food waste disposers and instant hot water dispensers for both residential and commercial applications.

Major companies operating in the food recycler market are Whirlpool Corporation, Hanmi Flexible Co Ltd., Vita-Mix Corporation, simplehuman, Joseph Joseph Ltd., Renovare Environmental Inc., MEIKO Maschinenbau GmbH & Co. KG, Ridan Composting Limited, The FoodCycler, Hungry Giant Recycling, Oklin International Ltd., Kollvik Recycling S.L., Bhor Engineering Pvt Ltd., Perfect Circle Recycling, Kompakt, Neterwala Group, Ninestars, BioHiTech Global Inc., Ecovim USA, Ecotone Renewables.

North America was the largest region in the food recycler market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food recycler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the food recycler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A food recycler functions as a device or system that processes food waste, typically utilizing methods such as composting, dehydration, or fermentation. These processes convert food scraps and leftovers into compost, fertilizer, or animal feed, effectively reducing the amount of waste destined for landfills and promoting environmental sustainability.

The primary components of a food recycler include its products and associated services. The product itself consists of the transformed, value-added materials derived from recycled food waste, which can manifest in various forms such as fertilizer, supplements, or repurposed food ingredients. These products are constructed from materials such as steel, stainless steel, carbon steel, plastic, fiber, among others, and are available across different price ranges such as economical and premium. They are distributed through various channels including original equipment manufacturers (OEMs), distributors, retailers, and e-commerce platforms, catering to a diverse range of end users including residential and commercial sectors.

The food recycler market research report is one of a series of new reports that provides food recycler market statistics, including food recycle industry global market size, regional shares, competitors with a food recycler market share, detailed food recycler market segments, market trends, and opportunities, and any further data you may need to thrive in the food recycle industry. This food recycler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The food recycler market consists of the sale of composting bins, electric food recyclers, vermicomposters, anaerobic digesters, in-sink food waste disposers, bokashi systems, and fermentation-based recyclers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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