(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$/EUR Million) and volume (Units) by variproducts/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc. In addition, the long-term sector and products/services 10-year outlook and its implications on the global kitchen waste system market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
Request A Customization:
Global Kitchen Waste System Market: Segmental and Market Share Analysis
On the basis of type, biological systems are likely to account for a significant portion of the global kitchen waste system market due to their ease of installation and low maintenance costs when compared to other systems. On the basis of application, the kitchen segment is predicted to account for the majority of market share. The device consists of a wall-mounted container that helps to limit the quantity of waste that ends up in landfills. On the basis of region, North America is predicted to have the biggest market share. The rise can be ascribed to rising environmental consciousness and increased demand for kitchen waste management systems from restaurants, hotels, and other commercial businesses.
| Report Metrics || Details |
| Base Year || 2022 |
| Forecast Period || 2023-2028 |
| Base Year Market Size || US$ 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
Explore more about this report
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.
Get A Free Sample:
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 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 Middle East & Africa Kitchen Waste System Market
Indonesia Thailand Philippines Vietnam Malaysia Rest of ASEAN Rest of Asia Pacific
Saudi Arabia (KSA) United Arab Emirates (UAE) Rest of the GCC South Africa Nigeria Turkey Rest of the Middle East & Africa
For more information about this report
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?
Explore Our Trending Reports
Global Biodegradable Diapers Market - Increasing consumers' foon eco-friendly diapers is propelling the demand for biodegradable market. Global Halal Cosmetics Market - Halal cosmetics market is highly vibrant, and with over 1.8 billion Muslims on the planet, it is rapidly developing. Muslims choose halal items as these items are in line with their religiviews. Global Baby Prams & Strollers Market - Global baby prams & strollers market is estimated to witness a moderate growth rate of around 5% during the period 2019-2028. Global Air Purifiers Market - Global air purifiers market is expected to witness a significant growth rate of over 6.5% during the forecast period 2022-2028. Global Smart Kitchen Appliances Market - Global smart kitchen appliances market is estimated to exhibit a strong CAGR of around 14% during the forecast period. Global Hair Extensions Market - Global hair extensions market stood at US$ 7.5 billion in 2021 and is expected to grow at a significant growth rate of 5.3% in the period of 2022-2028. Global Dishwashing Products Market - Global Dishwashing Products Market is expected to grow at a CAGR of 5.8% over the forecast period of 2022-2028. Global DJ Headphone Market - Global DJ Headphone Market is expected to grow at a CAGR of 5.5% over the forecast period of 2022-2028. Global Cricket Helmet Market - Global Cricket Helmet Market is expected to grow at a significant CAGR of 5.5% over the forecast period of 2022-2028. Global Commercial Dishwashers Market - Global Commercial Dishwashers Market is expected to grow at a CAGR of 3.2% over the forecast period of 2022-2028.
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.
Download Key Insights and Market Data - Raise a Query
About RationalStat LLC
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.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
Content and Press Manager
UK Phone: +44 203-287-1245
LinkedIn | Facebook | Twitter | Instagram | Pinterest
Tags Kitchen Waste System Market Kitchen Waste System Kitchen Waste Food waste Food waste management market Related Links
Global Biodegradable Sanitary Napkins Market Global Bathroom Vanities Market Global Bagasse Tableware Market Global Catfish Rods Market Global Yoga Equipment Market Global Upcycled Cosmetics Market Global Socks Market Global Motorcycle Riding Gloves Market Global Reverse Vending Machine Market Global Disinfecting Wipes Market Global Straws Market
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.