Market Size of Rice Milling Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rice Milling Machinery Market Analysis
The Rice Milling Machinery Market size is estimated at USD 230.14 million in 2023, and is expected to reach USD 280 million by 2028, growing at a CAGR of 4% during the forecast period (2023-2028).
- Rice, the primary staple for more than half the world's population, is produced worldwide, with about 90 percent grown in Asia. While Indica, Aromatic(Jasmine and Basmati), Japonica, and Glutinous rice are four major categories of rice, many other specialty varieties of rice are also produced globally.
- The demand for certified rice milling machinery is driving the growth of the rice milling machinery market. This is because certified machinery ensures high-quality rice processing, which is necessary to meet the growing demand for rice. As rice is a staple food in many countries, the demand for rice is expected to remain high in the foreseeable future. This, in turn, will continue to drive the demand for rice milling machinery.
- However, the availability of pre-used models of rice milling machinery may impede the market growth. Regarding the latest development in rice milling technology, the Satake New Tasty White Process (NTWP) is a breakthrough in rice processing. The NTWP process produces rinse-free rice of enhanced quality in terms of taste and appearance. This technology has the potential to revolutionize the rice milling industry by offering higher-quality rice while reducing water usage and processing time. This could lead to increased efficiency, reduced costs, and ultimately, higher profits for rice millers.
- The stipulation for rice is expanding with the rising global population, which led to many rice processing plants opening new rice mills and boosting the market's growth. India is the largest producer and exporter of Basmati rice and one of the largest exporters of rice. Rice milling is perhaps the country's oldest and biggest agro-processing industry.
Rice Milling Machinery Industry Segmentation
Rice milling is a crucial step in the post-production of rice. The basic objective of a rice milling system is to clean impurities and remove the husk and the bran layers to produce white rice, which is edible and good for consumption.
The rice milling machinery market is segmented by mechanism (fraction rice milling machine and grind rice milling machine), operations (pre-cleaning machinery, separating machinery, grading machinery, rice whitening machinery, and other operations), and geography (North America, Europe, Asia-Pacific, South America, and Africa).
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Mechanism | |
| Fraction Rice Milling Machine | |
| Grind Rice Milling Machine |
| Operations | |
| Pre-cleaning Machinery | |
| Separating Machinery | |
| Grading Machinery | |
| Rice Whitening Machinery | |
| Other Operations |
| Geography | ||||||||
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Rice Milling Machinery Market Size Summary
The rice milling machinery market is poised for steady growth, driven by the increasing global demand for rice, a staple food for over half the world's population. With Asia producing about ninety percent of the world's rice, the region's demand for efficient and high-quality milling machinery is particularly strong. The market is characterized by a mix of established players and emerging companies, all vying to meet the needs of rice producers. Innovations such as the Satake New Tasty White Process (NTWP) are setting new standards in rice processing, enhancing quality while reducing resource consumption. However, the presence of pre-used machinery models poses a challenge to market expansion. The rise in rice consumption, especially in Asia, Sub-Saharan Africa, and South America, is further fueling the demand for advanced milling solutions.
The market landscape is competitive, with key players like Buhler Group, Fowler Westrup, and Satake Group leading the charge through strategic partnerships, product launches, and technological advancements. These companies are focusing on research and development to introduce novel machinery that improves efficiency and reduces costs for rice millers. The adoption of high-yielding rice varieties and new cultivation techniques is creating opportunities for market players to expand their offerings. As the global population continues to rise, the demand for rice and, consequently, rice milling machinery is expected to grow, particularly in regions like India and China, which are major producers and consumers. The market's growth trajectory is supported by the increasing need for modernized processing facilities to meet the evolving demands of rice production and consumption.
Rice Milling Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Mechanism
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2.1.1 Fraction Rice Milling Machine
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2.1.2 Grind Rice Milling Machine
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2.2 Operations
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2.2.1 Pre-cleaning Machinery
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2.2.2 Separating Machinery
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2.2.3 Grading Machinery
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2.2.4 Rice Whitening Machinery
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2.2.5 Other Operations
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Rice Milling Machinery Market Size FAQs
What is the current Rice Milling Machinery Market size?
The Rice Milling Machinery Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Rice Milling Machinery Market?
Buhler Group, Fowler Westrup, MillTECH Machinery Private Ltd, Satake Group and Savco Sales Pvt. Ltd are the major companies operating in the Rice Milling Machinery Market.
