The rice milling machinery market share is expected to increase by USD 151.2 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2.3%.
This rice milling machinery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers rice milling machinery market segmentation by product (horizontal roller and vertical roller) and geography (APAC, North America, Europe, South America, and MEA). The rice milling machinery market report also offers information on several market vendors, including Ag Growth International Inc., Alvan Blanch Development Co., Anzai Manufacturing Co. Ltd., Flour Tech Engineers (p) Ltd., GG Dandekar Machine Works Ltd., Hubei Yongxiang Grain Machinery Co. Ltd., Mill Master Machinery Pvt. Ltd., Mitsubishi Corp., Satake Corp., and Savco Sales Pvt. Ltd. among others.
What will the Rice Milling Machinery Market Size be During the Forecast Period?
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Rice Milling Machinery Market: Key Drivers, Trends, and Challenges
The demand for certified rice milling machinery is notably driving the rice milling machinery market growth, although factors such as the increasing availability of pre-used models of rice milling machinery may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rice milling machinery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Rice Milling Machinery Market Driver
The demand for certified machinery is one of the key factors driving the growth of the global rice milling machinery market. Rice milling machinery manufacturers must ensure safety during operations. Adherence to Hazard Analysis and Critical Control Points (HACCP) and optimized equipment design can support the industry in achieving safe, high-quality rice milling machinery that meets regulatory and consumer expectations. HACCP involves conducting a hazard analysis, that is, assessing the contamination potential for each step of the rice processing process and identifying measures to prevent or reduce hazards. Processing points where there is a significant risk of contamination are determined as Critical Control Point (CCP). Therefore, the HACCP program helps manufacturers to avoid the risk of rice contamination during milling. However, Rice milling machinery plays a key role in helping rice processing plants to obtain the required certificate for export. The removal of all impurities from rice by rice milling machinery ensures that the milled rice is free from all types of foreign bodies. Therefore, the increasing need to acquire certificates for rice exports is expected to drive the global rice milling market during the forecast period.
Key Rice Milling Machinery Market Trend
The increasing demand for packaged rice products will fuel the global rice milling machinery market growth. Healthy snack variants are gaining popularity among consumers in many countries. The growing demand for rice-based snacks among consumers has encouraged many manufacturers to launch new packaged snacks. For instance, in January 2020, LT Foods Ltd. (LT Foods) formed a joint venture with Kameda Seika to enter the healthy premium snack food segment. Together, they launched a range of rice crackers with the brand name KARI KARI. The increasing demand for food products based on rice is expected to increase the demand for rice processing machinery such as rice milling machinery as packaged rice products need to have a long shelf life. Therefore, during the forecast period, the increasing demand for packaged rice products is expected to support the growth of the global rice milling market during the forecast period.
Key Rice Milling Machinery Market Challenge
The increasing availability of pre-used models is a major challenge for the global rice milling machinery market growth. Rice processing plants that are planning to increase output can invest in pre-used models of rice milling machinery, which also helps to save on upfront costs associated with the purchase of new equipment. Many small- and medium-sized rice processing plants, especially in developing countries, prefer pre-used models of rice milling machinery to minimize initial investments. Many pre-used models of rice milling machinery by well-established vendors are available in the market. For instance, Indiamart, Intermesh, and Wohl Associates are some of the suppliers that offer pre-used models of rice milling machinery online. Pre-used models of key leading vendors such as Buhler and Satake are also available from different suppliers. The significant differences in prices of pre-used models, when compared with the prices of new models of rice milling machinery, can encourage many end-users to invest in pre-used equipment. Hence, the growing market for pre-used units of rice milling machinery is expected to affect the growth prospects of the global rice milling market during the forecast period.
This rice milling machinery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global rice milling market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rice milling machinery market during the forecast period.
Who are the Major Rice Milling Machinery Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Ag Growth International Inc.
- Alvan Blanch Development Co.
- Anzai Manufacturing Co. Ltd.
- Flour Tech Engineers (p) Ltd.
- GG Dandekar Machine Works Ltd.
- Hubei Yongxiang Grain Machinery Co. Ltd.
- Mill Master Machinery Pvt. Ltd.
- Mitsubishi Corp.
- Satake Corp.
- Savco Sales Pvt. Ltd.
This statistical study of the rice milling machinery market encompasses successful business strategies deployed by the key vendors. The rice milling machinery market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Ag Growth International Inc. - The company design, manufacture, and supply a complete range of rice milling machines to meet rice processing requirements.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The rice milling machinery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Rice Milling Machinery Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the rice milling machinery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Rice Milling Machinery Market?
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83% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for rice milling machinery market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The demand for certified machinery will facilitate the rice milling machinery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic in 2020 triggered a global economic slowdown and resulted in disruptions of various industrial operations across the region. This was primarily due to the implementation of stringent lockdowns and other restrictions across the region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.
What are the Revenue-generating Product Segments in the Rice Milling Machinery Market?
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The rice milling machinery market share growth in the horizontal roller segment will be significant during the forecast period. Horizontal roller rice milling machinery is mainly used in batch operations. These machines offer economical operations in the recirculation mode and uniform milling along the entire length of the equipment surface.
This report provides an accurate prediction of the contribution of all the segments to the growth of the rice milling machinery market size and actionable market insights on post COVID-19 impact on each segment.
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Rice Milling Machinery Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.3% |
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Market growth 2021-2025 |
$ 151.2 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.97 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 83% |
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Key consumer countries |
China, India, Indonesia, US, and Vietnam |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Ag Growth International Inc., Alvan Blanch Development Co., Anzai Manufacturing Co. Ltd., Flour Tech Engineers (p) Ltd., GG Dandekar Machine Works Ltd., Hubei Yongxiang Grain Machinery Co. Ltd., Mill Master Machinery Pvt. Ltd., Mitsubishi Corp., Satake Corp., and Savco Sales Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Rice Milling Machinery Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive rice milling machinery market growth during the next five years
- Precise estimation of the rice milling machinery market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the rice milling machinery industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of rice milling machinery market vendors
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