Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Food Waste Disposer Market, The Global Food Waste Disposer Market is projected to grow at a CAGR of around 6.2% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Food Waste Disposer Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2023-2028
- CAGR (2023-2028): 6.2%
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Global Food Waste Disposer Market Segmentation Breakdown:
The Food Waste Disposer Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product Type
- Shattered
- Dry
- Grinding
- By Distribution Channel
- Offline
- Supermarkets & Hypermarkets
- Exclusive Stores
- Small Retail Outlets
- Online
- By End User
- Residential
- Commercial
- Others (Healthcare, Industrial, Educational Institutions, etc.)
Here, the commercial sector holds a larger share of the Global Food Waste Disposer Market. The massive generation of food waste in the rapidly increasing number of restaurants & hotels worldwide is the prime aspect driving the demand for food waste disposers across the commercial sector.
Geographical Growth Insights:
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of all regions globally, North America is projected to attain a substantial share of the Food Waste Disposer market during 2023-28.
A Comprehensive Analysis of Leading Companies in Global Food Waste Disposer Market
- Emerson Electric Co.
- Franke Group
- Haier
- Hobart Corporation
- The Home Depot
- Whirlpool
- Moen Incorporated
- KITCHEN INFINITY INC.
- Hindware Appliances
- Guangzhou Haike Electronic Technology Co., Ltd.
- Others (Bin Crusher, Plantex, etc.)
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