Food Waste Recycling Machine Market Report

The growing awareness of the health advantages of organic food has resulted in a significant increase in demand for organic products. Compost enhances soil structure and nutritional content, lowering the demand for chemical fertilizers. Furthermore, demand for organic products is increasing in developed regions such as Europe and North America as a result of enhanced consumer awareness, adoption of healthy eating habits, and increased health consciousness among the population. Such an increase in demand for organic products would increase demand for organic fertilizers. Food waste recycling machines turn food waste into fertilizers without the use of chemicals; as a result, the need for food recyclers is projected to grow. The trend of recycling food waste into fertilizers is becoming more popular as an eco-friendly and effective method of food waste recycling. For the convenience of consumers, this trend is attracting businesses to scale up their products. For instance, Whirlpool's 'Zera food recycler turns waste food into organic fertilizers in 24 hours. Moreover, WISErg's 'Harvester' is an easy-to-use and self-contained system that turns food waste into organic fertilizers. Throughout the forecast period, all of the factors mentioned above are projected to increase demand for food waste recycling machines.

The adoption of legislation and rules regulating food waste is expected to boost revenue of food waste recycling machines in the near future. However, the expansion of cold chain facilities and the expanding trend of feeding people and animals among the population pose significant challenges to the industry. As per Action Against Hunger, there were around 828 million hungry people on the planet. They anticipate that if food loss and waste were eliminated, there would have been enough food to serve all chronically undernourished people.  Such a rise in the trend of feeding people and animals, together with rising awareness about organizations that work for it, may limit the global food waste recycling machine market size's growth. With the rise in resources allocated to addressing food insecurity, there is a reduction in attention and financial support for the advancement and implementation of innovative food waste recycling technologies. This change in focus may restrict funding for new ideas and limit chances for market expansion, impeding the industry's capacity to effectively and sustainably tackle food waste.

Collaboration within the food waste recycling machine market spurs growth by encouraging creativity and increasing market penetration. Collaborations among technology developers, waste management firms, and local governments boost machine effectiveness and incorporation, resulting in innovative food waste processing solutions. For instance, in October 2023, Walmart has extended its collaboration with Denali, a specialty waste and environmental services company, to offer food waste recycling services at all of its U.S. stores. The companies will redirect non-edible food away from landfills to produce compost, feed animals, and create renewable energy under the agreement. Additionally, in December 2023, Alfa Laval, a worldwide expert in heat transfer, centrifugal separation, and fluid handling, is joining forces with Bisviridi, a recent addition to the BioteCH4 group, the top anaerobic digestion (AD) operator in the UK, to enhance the sustainability prospects of organic and food waste recycling.

Asia-Pacific is anticipated to have the highest demand for food waste recycling machines throughout the forecast period, owing to the increasing number of participants in the food recycler market, as well as the rapid rate of urbanization and increased awareness about food waste management. The EU is committed to fulfilling SDG Target 12.3 of reducing per capita food waste at retail and consumer levels by 2030, as well as reducing food losses along the food production and distribution networks. According to a European Commission article in the EU, around 59 million tons of food waste are generated every year, with related costs estimated at US$ 140 billion. However, it is estimated that 20% of the food produced is lost or wasted. Such initiatives in the country are projected to boost market expansion in the region.