Rice Milling Machinery Market to Grow by USD 151.20 Mn | Demand for Certified Rice Milling Machinery to Boost Growth | Technavio
NEW YORK, Jan. 4, 2022 /PRNewswire/ -- The global rice milling machinery market size is expected to increase by USD 151.20 million between 2020 and 2025. However, the growth momentum is expected to decelerate at a CAGR of 2.30% during the forecast period. The report segments the rice milling market by product (horizontal roller and vertical roller) and geography (APAC, North America, Europe, South America, and MEA). Ag Growth International Inc., Alvan Blanch Development Co., and Anzai Manufacturing Co. Ltd. are some of the key dominant players identified in the report.
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The demand for certified rice milling machinery and the rising focus on increasing the shelf life of rice will offer immense growth opportunities. However, the increasing availability of pre-used models of rice milling machinery, diverse climatic conditions affecting rice production, and nutrient deficiency in milled rice compared with other rice types will challenge the growth of the market.
Rice Milling Machinery Market 2021-2025: Segmentation
Rice Milling Machinery Market is segmented as below:
- Product
- Horizontal Roller
- Vertical Roller
- Geography
- APAC
- North America
- Europe
- South America
- MEA
By product, the market witnessed maximum demand for horizontal roller milling machines in 2020. The economical advantages offered by horizontal roller milling machines are driving the growth of the segment. The market growth in the segment will be significant during the forecast period.
By geography, APAC will emerge as the largest market for rice milling machinery. The region currently holds 83% of the global market share and is expected to retain its dominance during the forecast period. China, India, Indonesia, and Vietnam are the key markets for rice milling machinery in APAC. The market growth in the region will be faster than the growth of the market in other regions.
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Rice Milling Machinery Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Rice Milling Machinery Market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research report on the Rice Milling Machinery Market is designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Rice Milling Machinery Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist rice milling machinery market growth during the next five years
- Estimation of the rice milling machinery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the rice milling machinery market
- 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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Rice Milling Machinery Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 2.30% |
Market growth 2021-2025 |
USD 151.20 million |
Market structure |
Fragmented |
YoY growth (%) |
2.97 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 83% |
Key consumer countries |
China, India, Indonesia, US, and Vietnam |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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. |
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