Below are some of the key findings from the food waste disposers market research report:
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Global food waste disposers industry overview
The increasing demand for food waste disposers from restaurants and hotels is one of the key factors expected to drive the market’s growth in the forthcoming years. Restaurants and hotels generate a substantial amount of food waste regularly, which leads them to incur significant expenses for disposing of food waste through the conventional trashing method. As a result, food waste disposers are the most appropriate and efficient appliances for commercial restaurants and hotels with a high quantity of recurring food waste deposits. The growing preference for food waste disposers over conventional disposers will drive the market during the forecast period.
The introduction of innovative and technologically advanced products is one of the major trends being witnessed in the global food waste disposers market. Vendors are introducing innovative and novel food waste disposers for differentiating their products and sustain in the prevailing market competition. The food waste disposers market is expected to grow at a CAGR of over 6% during the forecast period, and one of the primary reasons supporting this growth is the high demand for these products from restaurants and hotels, especially the ones incorporated with attractive features such as easy installation and convenient use.
Top food waste disposers companies covered in this market research report
The food waste disposers market is highly fragmented with companies focusing on leveraging online platforms for improving the visibility and reachability of their products. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this food waste disposers industry analysis report is designed to aid clients to identify new growth opportunities and build innovative strategies for strengthening their position in the market.
The report offers a complete analysis of various companies including:
- Anaheim Manufacturing Company
- Emerson Electric
- Franke Management
- Haier
- Hobart
- Whirlpool
Food waste disposers market segmentation based on geographic regions
- Americas
- APAC
- EMEA
The Americas will account for the highest food waste disposers market revenue throughout the forecast period. The APAC region, however, will witness the fastest growth in the market due to the growing awareness of the benefits of food waste disposers.
Food waste disposers market segmentation based on distribution channel
- Offline
- Online
The offline distribution channel segment will account for the highest market growth due to the increased sales of food waste disposers through offline stores including hypermarkets, specialty stores, home improvement stores, and other offline stores. Additionally, the report will also provide an accurate prediction of the contribution of the various distribution channel segments to the growth of the food waste disposers market size.
Key highlights of the global food waste disposers market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the food waste disposers market during the next five years
- Precise estimation of the global food waste disposers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the food waste disposers industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the food waste disposers companies
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