(MENAFN- GlobeNewsWire - Nasdaq) Wilmington, Delaware, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Global Kitchen Waste System Market was valued at US$ 67.4 billion in 2022 and is expected to grow at a significant CAGR of over 5.8% over the forecast period of 2023-2028, according to the latest market report by RationalStat

Individuals have become more aware of environmental issues such as pollution and climate change. A kitchen waste system is a collection of goods, technologies, and processes designed to efficiently and environmentally friendly manage and dispose of trash created in a kitchen. A kitchen waste system's major purpose is to reduce the environmental impact of kitchen trash, promote sustainability, and maybe even convert some forms of garbage into valuable resources. and governments to embrace more environmentally friendly garbage management practices. Composters and food waste disposers in the kitchen help to lessen the environmental impact of organic waste by diverting it from landfills.

Market Definition, Market Scope, and Report Overview

Individuals and governments are adopting more sustainable waste management practices as public awareness of environmental challenges such as pollution and climate change grows. Composters and food waste disposers in the kitchen help to lessen the environmental impact of organic waste by diverting it from landfills.

• According to a deep-dive market assessment by RationalStat, the global kitchen waste system market has been analyzed on the basis of market segments, including on type, application, technology, component and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific) . The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.
• Market intelligence for the global kitchen waste system market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by variproducts/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global kitchen waste system market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Kitchen Waste System Market: Segmental and Market Share Analysis

• On the basis of type, biological systems are likely to account for a significant portion of the global kitchen waste system market due to their ease of installation and low maintenance costs when compared to other systems.
• On the basis of application, the kitchen segment is predicted to account for the majority of market share. The device consists of a wall-mounted container that helps to limit the quantity of waste that ends up in landfills.
• On the basis of region, North America is predicted to have the biggest market share. The rise can be ascribed to rising environmental consciousness and increased demand for kitchen waste management systems from restaurants, hotels, and other commercial businesses.

Report Synopsis

Report Metrics	Details
Base Year	2022
Forecast Period	2023-2028
Base Year Market Size	US$ 67.4 billion
Market Size Forecast	US$ 94.5 billion
Growth Rate	5.8%
Key Market Drivers	Increasing Awareness of Environmental Issues Advancements in Technology Increasing Consumer Awareness of Food Waste
Companies Profiled	Emerson Electric Co. (InSinkErator) Waste Management, Inc. BioHiTech Global, Inc. Whirlpool Corporation Bokashi Cycle Hungry Giant Recycling Inc KCS Engineering Power Knot LLC Green Cone

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Competition Analysis and Market Structure

These players adopt varistrategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global kitchen waste system market include,

• In May 2023, Power Knot Ocean will be exhibiting alongside Kappa Metal Constructions at Cruise Ship Interiors Design Expo Americas. The Power Knot LFC biodigester is a fully enclosed automatic digesting equipment that disposes of food waste within 24 hours.

Some of the prominent players and suppliers operating and contributing significantly to the global kitchen waste system market growth include Emerson Electric Co. (InSinkErator), Waste Management, Inc., BioHiTech Global, Inc., Whirlpool Corporation, Bokashi Cycle, Hungry Giant Recycling Inc, KCS Engineering, Power Knot LLC, Green Cone among others.

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RationalStat has segmented the global kitchen waste system market based on type, application, technology, component and region

• Global Kitchen Waste System Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Type
  • Monolithic System
  • Biological System
  • Mechanical System
  • Integrated System
• Global Kitchen Waste System Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Application
  • Restaurant
  • Hotel
  • Dining Room
  • Cafeteria
  • Hospital
  • Educational Institutions
  • Others
• Global Kitchen Waste System Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Technology
  • Anaerobic Digestion
  • Incineration
  • Fermentation
  • Composting
  • Pyrolysis
  • Gasification
• Global Kitchen Waste System Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Component
  • Equipment
  • Processing
  • Services
• Global Kitchen Waste System Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Region
  • North America Kitchen Waste System Market
    • Canada
  • Latin America Kitchen Waste System Market
    • Brazil
    • Mex
    • Rest of Latin America
  • Western Europe Kitchen Waste System Market
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Kitchen Waste System Market
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Kitchen Waste System Market
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Kitchen Waste System Market
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Kitchen Waste System Report:

• What will be the market value of the global kitchen waste system market by 2028?
• What is the market size of the global kitchen waste system market?
• What are the market drivers of the global kitchen waste system market?
• What are the key trends in the global kitchen waste system market?
• Which is the leading region in the global kitchen waste system market?
• What are the major companies operating in the global kitchen waste system market?
• What are the market shares by key segments in the global kitchen waste system market?

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and theto support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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