Rice Processing Machine Market is anticipated to touch a value of nearly US$ 1,476.81 Million in the year 2033
The global rice processing machine market is valued at US$ 1176.43 million as on 2023. The market is expected to grow at a CAGR of 2.3% during the forecast period, and by 2033, the market is projected to reach a valuation of US$ 1476.81 million.
The burgeoning rice market is one of the
major factors which might increase the demand for rice processing machine
during the forecast period. Based on research conducted in 2020, the global
rice market is valued at US$ 300 billion, which reflects the prospects ahead
for the rice processing machine.
Moreover, the rice machine is known for
enhancing the commercial value of rice. After the rice gets processed, the
shelf life of the rice increases because of the development of an antioxidant
layer over the rice.
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Apart from that, the multifunctionality offered by the rice
processing machine has attracted a lot of attention of the potential investors.
The ability to preclean, soak, steam, and cast the rice ensures the fact that
the manufacturers don not have to spend amount on different equipment, which
ultimately helps in cost cutting.
Furthermore, the parboiled rice which is obtained from
the rice processing plant is known for its high
nutritional value. Apart from that, the rice obtained from the industrial
rice milling machine also helps in fast digestion, high yield of rice,
and quick cooking. All these factors might well increase the sales of rice
processing machine during the forecast period.
Thus, from the insights provided by FMI researchers, it can
be inferred that “a surging rice market, coupled with the ability to
enhance the commercial value of rice and plenty of other factors are expected
to surge the growth of rice processing machine market during the forecast
period.”
Key Takeaways:
- The
rice processing machine market is valued at US$ 1176.43 million as on
2023.
- By
2033, the market is expected to reach a valuation of US$ 1476.81 million.
- The
market is expected to grow at a CAGR of 2.3% during the period 2023-2033.
- The US
rice processing machine market is valued at US$ 341.17 million as on 2023,
and is expected to grow at a CAGR of 3.9% during the forecast period.
- The UK
market is valued at US$ 64.70 million as on 2023, and is forecasted to
grow at a CAGR of 5.1% during the forecast period.
- The
China rice processing machine market is expected to be valued at US$
275.72 million by 2033, and is expected to grow at a CAGR of 9% during the
forecast period.
- The
Japan market holds a valuation of US$ 76.47 million as on 2023, and is
projected to expand at a sturdy CAGR of 9.5% through 2033.
- The
South Korea rice processing machine market is expected to grow at a CAGR
of 10.6% through 2033, and by 2033, the market is expected to be valued at
US$ 48.33 million.
- Based
on the product type, the horizontal roller segment holds the highest
market share, and is anticipated to grow at a CAGR of 2.9% during the
forecast period.
- Based
on the application, the pre-cleaning machinery segment holds the highest
market share, and is anticipated to grow at a CAGR of 3.3% during the
forecast period.
Competitive Landscape
The key players operating in the rice processing machine
market are investing in the technological aspects, which would mainly focus on
reducing the size of the machine, and also increase the efficiency of the
machine. Apart from that, the idea is also towards attaining the criteria of
sustainable development, and contributing towards a robust future.
In September 2022, Dr. Zeno Staub was unanimously elected to
the Board of Directors of the Buhler AG group.
Key Companies Profiled
- Buhler
AG
- Fowler
Westrup
- AG
Growth International Inc.
- MillTECH
Machinery Private Ltd.
- Yamanoto
- Zhejiang
QiLi Machinery Co. Ltd.
- Satake
Corporation
- Mill
Master Machinery Pvt. Ltd.
- G S
International
- G.G.
Dandekar Machine Work
- Hubei
Bishan Machinery Co. Ltd
Key Segments in the Rice Processing Machine Market
By Product Type:
- Mobile
Jaw Crusher
- Vertical
Roller Mill
- Horizontal
Roller Mill
- Others
By Application Type:
- Commercial
Milling Machine
- Industrial
Milling machine
By Operation Type:
- Rice
Whitening Machinery
- Pre
Cleaner Machinery
- Paddy
Separator Machinery
- Length
Grader Machinery
- Others
By Capacity:
- 1 – 10
Ton
- 10 –
20 Ton
- More
than 20 Ton
- Others
By Region:
- North
America
- Latin
America
- Asia
Pacific
- MEA
- Europe
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