Food waste disposal equipment is also called as waste disposal unit, garbage disposal unit, or garbage disposer. These are usually electrically powered and installed under a kitchen sink between sink's drain and trap. Furthermore, food waste disposal equipment is extensively used in hotels, nursing homes, hospitals, restaurants, and fast food joints. This allows them to manage food waste. Food waste disposal equipment allows improvement of quality of air and make kitchens more hygienic, clean, and environment friendly. This is done by reducing mess and odor. Market players are focusing to include advanced technologies such as gasification for treatment of wastage, which would help unlock newer opportunities.
COVID-19 scenario analysis :
COVID 19 Scenario
The COVID-19 has extremely affected the economy in the world in a negative wat, hence the food waste disposal equipment market also got affected abruptly and experienced a slowdown in the generation of revenue. There were strict regulations by governments of various countries, which caused reduction in demand for food waste disposal equipment in the current scenario. Furthermore, industries are focusing on innovations during the lockdown situation, such that it could help gain attention of majority of the players during the forecast period.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The key factors affecting the industry include abrupt change in dietary habits, which boosts demand for a clean and hygienic environment. This would cause a transformation in the food waste disposal equipment market. There is steep growth in the restaurant owners allowing incorporation advanced equipment to cater to current demands, which is anticipated to fuel the market globally. The need to reduce the greenhouse gases emission is expected to help the industry boost in the coming years. The growth in innovations and advancements in food waste disposal equipment is anticipated to boost the market growth in the next few years.
The global food waste disposable equipment market trends are as follows:
Product innovation to help boost the food waste disposable equipment market
There is an increase in demand for the products which are useful for the management of the food waste disposable equipment. Thus boost in the product launches are observed such that it captures the majority of the market is anticipated to propel the market growth in the coming years. The major players are focusing over the advancements of the product and hence are expanding such that it helps the industry to gain higher revenue shares in the forecast period.
For instance, ImpactVision combines the topics of food safety and food waste to enable a transparent food system. The app uses advanced imaging technology to evaluate the quality of food. For example, their Fruitcam assesses the ripeness of fruits, while their Fishcam marks the difference between fresh and frozen fish fillets, thus enabling wholesalers to make informed decisions about which ones to ship long distances and which to sell locally.
Surge in amount of food wastage to boost the market
Growth in need for food waste disposable equipment would help the market to maintain lucrative growth in the coming years. Furthermore, use of the equipment to properly manage food waste disposables is observed higher in the current scenario and is observed to boost significantly in the next few years. Various countries are concerned with the better hygiene and cleanliness while managing it in the food chains and are hence anticipated to fuel the market of Food waste disposable equipment in the next few years.
According to the statistics of the America, about 80 billion lbs of food is estimated to be wasted every year and hence has raised the concern among the government and the other civilians. Furthermore, the United States is estimated to be the global leader in food waste, with Americans discarding nearly 40 million tons of food every year. The food and equates to more than $161 billion, approximately 219 pounds of waste per person and 30-40 percent4 of the US food supply. Additionally, it makes up 22 percent of municipal solid waste (MSW). This is anticipated to help the industry propel in the next few years.
Key benefits of the report:
- This study presents the analytical depiction of the global food waste disposable equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global food waste disposable equipment market share.
- The current market is quantitatively analyzed to highlight the global food waste disposable equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global food waste disposable equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
Food Waste Disposable Equipment Market Report Highlights
By Waste Type
Key Market Players
Delitek As, Mavitec Group, Hobart Corporation, Unistone Electric Company, Komptech Americas, LLC, Apollo Kitchen Equipment, Soocen Technology, MEIKO Clean Solutions (India) Pvt. Ltd., Disperator AB, WasteCare Corporation, EnviroPure Systems, Inc.