During the projected period (2023 to 2033), the global food waste shredder market is expected to grow at a CAGR of 6.2%. The food waste shredder market size is projected to reach a valuation of USD 25,184 million by the end of 2033 from USD 13,800 million in 2023.
Increased focus on food waste control and prevention has resulted in the rising adoption of severe rules, as well as grants, funding, and subsidies for the acquisition of recycling equipment. The global food waste shredder market is likely to develop at a fast pace with the implementation of stringent norms to control food waste.
Food waste as a renewable energy source is another important component in the global market for food waste shredders. Methane is produced from food waste and is utilized to power various treatment units. A large part of food waste litter is recycled and utilized to make organic fertilizers or animal feeds, which is fueling the global food waste shredder market. In addition, the development of improved waste disposal procedures, coupled with the need to develop alternative energy sources, would present the profit potential for the food waste shredder market to grow in the next ten years.
Underdeveloped countries, on the other hand, do not place a high priority on proper waste management and treatment, resulting in the rising incidence of chronic illness. Africa and Asia continue to face issues such as population growth, internal politics, financial support, & a lack of reliable technical competence, knowledge, and assistance. In the forecast period, these regions are likely to witness moderate growth in the food waste shredder market.
Moreover, the ongoing advancement of waste management solutions to enhance the operation of metal food waste shredding machines is another crucial factor that is likely to augment the market. The progression of recycling operation technologies due to the reduction of mineral commodity ore grades is also projected to boost the market.
Increasing concerns over food waste across the globe and rising trade of food & food ingredients between numerous countries are projected to push the development of new supply chains. It is further expected to result in the increasing generation of food waste. High demand for exotic food items such as imported products, premium coffee, and tropical fruits is another vital factor that is anticipated to augment the market in the evaluation period.
| Attributes | Key Statistics |
|---|---|
| Global Food Waste Shredder Market Estimated Size (2023E) | USD 13,800 Million |
| Projected Market Valuation (2033F) | USD 25,184 Million |
| Value-based CAGR (2023 to 2033) | 6.2% |
| Market Share of North America | 28% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
During the historical period between 2018 to 2022, the global food waste shredder market showcased considerable growth at a CAGR of 4.1%. Growth is mainly attributed to the generation of large quantities of food waste, including food service providers, wholesalers, retailers, and food processing facilities.
These end-use industries are required to report the waste disposal methods, origin, and volume of waste to the respective governments. These would further help policymakers to remain informed about the sources and volume of food waste in addition to enabling businesses to evaluate the cost of their waste.
As per the Food and Agriculture Organization of the United Nations (FAO), the global volume of food wastage is projected at 1.6 billion tons of primary product equivalents. The total food wastage for the edible part of this accounts for nearly 1.3 billion tons.
Also, 1.4 billion hectares of land, or about 28% of the world's agricultural area is annually used for producing food that is either wasted or lost. Thus, food waste management is becoming crucial nowadays to protect the environment and increase sustainability, which would push the global food waste shredder market in the forecast period.
Initiatives to Reduce Food Waste in the USA to Push Sales of Organic Waste Shredders
The amount of food thrown out by Americans each year is growing at a fast pace. According to the Environmental Protection Agency (EPA), around 63 million tons of wasted food were produced in the commercial, residential, and institutional sectors in 2018, with animal feed, composting, biochemical/bio-based materials processing, land application, anaerobic digestion/digestion, donation, and wastewater/sewer treatment accounting for about 32%. An increasing number of attempts to reduce food waste, as well as the need to divert the waste away from landfills and incinerators, would also spur the USA food waste shredder market in the next ten years.
Domestic and Industrial Applications of Food Waste Shredder Machines to Grow in Australia
Australia has established a goal to cut food waste in half by 2030, in line with the United Nations' Sustainable Development Goal. The National Food Waste Strategy, Roadmap, and the National Waste Policy Action Plan lay out the steps that must be performed to reduce food waste in the country. As a result, the use of food waste shredders is likely to increase in domestic and industrial applications across Australia.
Urgent Need to Conserve Resources in Germany to Propel the Demand for Food Waste Recycling Machines
Food waste is generated in Germany at a rate of roughly 12 million tons per year (as of 2015). As per an expert’s opinion from the Federal Ministry of Food and Agriculture (BMEL) scientific advisory boards on agricultural, food, and forest policies, if food waste in domestic households was reduced by 50%, gas emissions in Germany would be decreased by six million tons of CO2. Anyone who contributes to the conservation of resources and climate stewardship by decreasing food waste is doing so actively. The market for food waste shredders is expected to grow at a rapid pace in Germany during the forecast period owing to the above-mentioned factors.
Principal Consultant
Demand for Vegetable Waste Crusher Machines to Surge by the End of 2033
Based on application, the vegetable waste segment is projected to remain at the forefront in the global food waste shredder market. An increasing number of restaurants and fast-food chains is expected to drive the demand for food waste shredders in the next decade across the globe.
Governments of various countries across the globe are also implementing numerous food waste management initiatives such as the Stop Wasting Food movement in Denmark and Love Food Hate Waste in the UK Besides, a global partnership between Messe Düsseldorf, FAO, and the United Nations Environment Program (UNEP) named Think Eat Save in support of the UN Secretary-General’s Zero Hunger Challenge is expected to spur awareness about food waste management. Such initiatives are projected to augur well for the segment.
The global food waste shredder market is highly fragmented with the presence of a large number of local and regional players. Mergers & acquisitions, collaborations, expansions, and partnerships are some of the marketing tactics that are being used by significant companies. In addition, leading corporations are investing huge sums in research and development activities to expand their geographic presence.
For instance,
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 13,800 Million |
| Projected Market Valuation (2033) | USD 25,184 Million |
| Value-based CAGR (2023 to 2033) | 6.2% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa (MEA) |
| Key Countries Covered | The US, Canada, Mexico, Germany, The UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Capacity, ProductC, Use, Application, Region |
| Key Companies Profiled | Emerson Electric Co.; Oklin International; Enic Co. Limited; Hungry Giant Recycling; Bhor Engineering Company; Weimar Biotech; IMC WasteStation; Amey Engineers; Bin Crusher; Ridan Composting Ltd.; Apollo Kitchen Equipment; WasteCare Corporation; MEIKO Clean Solutions (India) Pvt. Ltd.; Komptech Americas, LLC |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The food waste shredder market size is expected to reach USD 13,800 Million by the end of 2023.
The food waste shredder market is expected to rise at a CAGR of 6.2%.
The North American food waste shredder market holds nearly 28% of the global share.
The US, India, China, the UK, Germany, and Italy are the major countries driving demand in the food waste shredder market.
The China food waste shredder market is projected to grow at a CAGR of around 6.57% over the next ten years.
The German food waste shredder market is projected to grow at a CAGR of around 4.11% over the next ten years.
The Europe food waste shredder market is set to account for 33% of the share in the forecast period.
BioHiTech Global, Emerson Electric Co., KCS Engineering, Oklin International, and Enic Co. Limited are the top 5 players operating in the food waste shredder market.
The global food waste shredder market is expected to surpass USD 25,184 Million by the end of 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 5.1. 0-50 Kg/Day 5.2. 50-100 Kg/Day 5.3. 101-300 Kg/Day 5.4. 301-500 Kg/Day 5.5. 500-1000 Kg/Day 5.6. Over 1000 Kg/Day 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 6.1. Single Shaft Shredder 6.2. Two Shaft Shredder 6.3. Three Shaft Shredder 6.4. Four-Shaft Shredder 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Use 7.1. Commercial 7.2. Industrial 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Organic Waste 8.2. Vegetable Waste 8.3. Fruits Waste 8.4. Bio-Waste 8.5. Kitchen Waste 8.6. Super Market Waste 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East & Africa (MEA) 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1.1. Emerson Electric Co. 19.1.2. Oklin International 19.1.3. Enic Co. Limited 19.1.4. Hungry Giant Recycling 19.1.5. Bhor Engineering Company 19.1.6. Weimar Biotech 19.1.7. IMC WasteStation 19.1.8. Amey Engineers 19.1.9. Bin Crusher 19.1.10. Ridan Composting Ltd. 19.1.11. Apollo Kitchen Equipment 19.1.12. WasteCare Corporation 19.1.13. MEIKO Clean Solutions (India) Pvt. Ltd. 19.1.14. Komptech Americas, LLC 19.1.15. Others (On Additional Request) 20. Assumptions & Acronyms Used 21. Research Methodology
Explore Process Automation Insights
View Reports
Food Waste Shredder Market
