According to Future Market Insights research, during the projected forecast period, the maize milling machine market is anticipated to grow at a CAGR of 4.4%. The market value is expected to increase from USD 1,232.2 million in 2023 to USD 1,895.3 million by 2033. At the end of 2022, the maize milling machine market had a value of USD 1,180.3 million, and in 2023, it is anticipated to rise by 3.5% Y-o-Y.
| Attributes | Value |
|---|---|
| Maize Milling Machine Market Size Value in 2023 | USD 1,232.2 million |
| Maize Milling Machine Market Forecast Value in 2033 | USD 1,895.3 million |
| Maize Milling Machine Market Anticipated CAGR (2023 to 2033) | 4.4% |
| USA market share of Maize Milling Machine | 34.2% |
Some of the key factors driving the market growth are:
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The fine form of maize that is obtained from maize milling equipment is believed to be one of the most important forms of diet for the animal feed market.
Based on the research conducted, the animal feed market holds a mammoth valuation of USD 475,000 million as of 2022 and is expected to grow at a CAGR of nearly 4%.
The key players that are operating in the maize milling machine market are entering into strategic collaborations with the players from the animal feed market to assist them in their business. This is expected to create huge prospects for the market going ahead.
Being a rich source of Vitamin C, Potassium, and Magnesium, corn is being utilized in the medicines prescribed by healthcare experts.
Based on the statistics released by Statista, the healthcare segment holds a volume of close to USD 15,830 million as of 2022 and is expected to grow at a CAGR of nearly 15% during the forecast period.
The stats clearly indicate the fact that the demand for maize milling machines is expected to rise, and not only the healthcare, but the related sectors like pharmaceutical sectors would be indirectly dependent on the maize milling machine going forward.
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Finer form of maize is used in the manufacturing of alcoholic drinks.
As on 2022, the global alcoholic drinks market was valued at USD 1600 billion, and during the forecast period, the alcoholic drinks market is expected to grow at a CAGR of nearly 12%.
Manufacturers prefer adding maize for preparing alcoholic drinks as these are a rich source of carbohydrate, and are also responsible for that much loved potent flavor.
The maize milling machine market's historical outlook shows that the market's value expanded from USD 1,028.5 million in 2018 to USD 1,180.3 million in 2022. The observed CAGR (2018 to 2022) is 3.5%.
The major factor driving the growth of the market is the increasing demand for processed food, which has resulted in the need for efficient and modern machines for processing grains. The other factors that are expected to contribute to the growth of the market are the growing population and changing lifestyles.
The valuation of the market is expected to jump from USD 1,232.2 million in 2023 to USD 1,895.3 million by 2033 according to future projections, at an anticipated CAGR of 4.4%.
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Minimum human interference
A maize milling machine seamlessly converts maize kernels into flour and owing to minimum labor interference and maximum output, the stakeholders are investing high amounts in these maize grinding machines.
Available in different shapes and sizes
The machines come in different sizes and can be either manual or electric maize milling machines. Thus, based on the business requirement, the manufacturers can go in for the ideal form of maize milling machine.
Fresh supply on demand
A Maize Milling Machine is a great addition to any kitchen, as it assists in creating fresh and nutritious meals.
The maize milling machine market is developing in the USA due to the high demand for corn products. The machines are used to process corn into cornmeal, flour, and other food products. The market is expected to grow due to the increasing demand for corn products in the region.
The maize milling machine market in North America receives 34.2% of its total income from the United States.
In recent years, the demand for maize milling machines in Europe has been steadily increasing. This is due to the growing popularity of maize as a food source in the region. The market for these machines is expected to continue to grow in the coming years.
There are several factors that are driving this growth. First, the population of Europe is expected to increase in the next few years. This will lead to more people needing access to maize milling machines. Second, the price of maize has been rising in recent years. This has made it more attractive for farmers to grow and sell maize.
The market for maize milling machines is expected to continue to grow in the coming years. This will provide opportunities for manufacturers and suppliers of these machines.
Germany makes for 25.1% of the maize milling machine market of Europe, while the CAGR of the United Kingdom market is expected to be 6.4% over the projection period.
In recent years, the market for Maize Milling Machines in Japan has been growing rapidly. This is due to the increasing demand for maize flour in the region. The majority of maize milling machines are used in commercial maize mills, which are typically large-scale operations.
The expansion of the maize milling machine market in Japan is also being driven by the rising popularity of home-based maize milling machines. These machines are becoming increasingly affordable and easy to use, making them a popular option for small-scale farmers and home cooks alike.
With the continued growth of the maize milling machine market in South Korea, it is expected that there will be an increase in innovation and competition among manufacturers based in South Korea. This will benefit consumers by providing them with more choices and better-quality products.
Moreover, higher consumption of alcoholic beverages in South Korea is expected to further propel the market growth during the forecast period.
India and China are the market leaders in Asia Pacific, and their most recent CAGRs in the Maize Milling Machine market are 6.5% and 6.6%, respectively. Japan contributes 6.6% of the market's overall market share.
The maize milling machine market is set to grow significantly in the coming years. This is largely due to the increasing demand from the animal feed industry. The feed industry is a major user of maize, and as such, the demand for maize milling machines is expected to rise.
There are a number of reasons why the animal feed industry is growing. Firstly, the world population is continuing to increase, which means there is more demand for meat and dairy products. This in turn increases the demand for animal feed. Secondly, the global economy is improving, which means that more people can afford to buy meat and dairy products. This also leads to increased demand for animal feed.
Finally, the animal feed industry is benefiting from new technology. New machines and processes are making it easier and cheaper to produce animal feed.
However, if we talk about the fastest-growing segment, the flour milling industry segment is expected to be the fastest-growing segment during the forecast period.
The online segment has managed to garner the highest market share because of the fact that the options available in the online channel are much more as compared to the offline channel. Apart from that, the online channel has also been providing massive discounts on the milling machines.
Moreover, the end users are particularly adopting online channels because of the fact that the end user does not have to travel to the retail channel, and they can utilize the time in other production processes.
The maize milling machine market is currently dominated by key players, who have been an integral part of this market for decades altogether. If we talk about the start-up space, there is not much happening.
It is important to note that the market has a lot to offer because of the growing population worldwide, who are in need of nutritious food.
Apart from that, massive technological developments coupled with growth in the automation sector are expected to drive a new kind of wave in the market. Aspiring entrepreneurs can make the best use of these advancements, and coupled with a unique idea, they can deliver a lot to the market.
These companies are engaged in intense competition to gain a larger share of the global maize milling machine market. They are investing heavily in research and development activities to introduce innovative products and improve their product offerings. They are also expanding their geographical footprint to gain a larger customer base.
Some of the recent developments are:
CPM, Buhler AG, and Zhengchang have been making massive developments in the maize milling machine market
CPM has been developing products that meet the demands of every conceivable application in the processing industry, and the company has always maintained synonymity with endurance, reliability, and excellence. From grinding and conditioning to size reduction, the solutions have been engineered to meet the demand for every application in the processing industry.
CPM has always laid emphasis on quality and efficiency. The products developed by CPM meet the demand for virtually every application in the processing industry. Apart from that, the company has been top quality customer service and sales through a worldwide network of local agents in almost every country.
Buhler AG has been providing services to billions of people across the globe to cover their basic needs for food and mobility. The company mainly operates on three business pillars: grains and food solutions to ensure safe and healthy food and feed, consumer food solutions that create customer delight, and advanced materials that contribute to the production of energy-efficient vehicles and buildings.
The milling solutions adopted by Buhler AG have been delivering state-of-the-art process technology for transforming raw materials like wheat, oat, corn, etc. into high-grade flour and semolina products. Apart from that, the company has been adopting grain quality and supplies that provide safe processing solutions for grain logistics, cleaning and storage, malting, and brewery and rice. The main aim is to reduce food loss.
Zhengchang has been a market leader in feed machinery and engineering, grain-processing equipment and storage, agro-pastoral feed, and oil. The company has been awarded Keeping Promise & Honoring Contracts enterprise, National Key Hi-tech Enterprise, National Model of Harmonious Labor Relation Enterprise”, Asia Famous Brand, and China Industry Landmark Brand”.
Zhengchang has always worked on the principle of creating value for the customers and has always strived to serve the customers with quality products and services.
The global maize milling machine market will reach a valuation of USD 1,232.2 Million by the end of 2023.
The India Maize Milling Machine market will grow at 4.4% CAGR between 2023 and 2033.
The global Maize Milling Machine market is forecasted to surpass USD 1,895.3 million by the end of 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Stone Mills 5.2. Plate Mills 5.3. Roller Mills 5.4. Hammer Mills 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Animal Feed Industry 6.2. Flour Milling Industry 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East and Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Buhler AG 17.2. CPM Roskamp Champion Inc. 17.3. Allance Pellet Machinery Co. Ltd. 17.4. Zhengchang Group Co. Ltd. 17.5. ANDRITZ AG 17.6. Shijiazhuang Hongdefa Machinery Co. Ltd. 17.7. Henan Chengli Grain & Oil Machinery Co. Ltd. 17.8. GEMCO 18. Assumptions & Acronyms Used 19. Research Methodology
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Maize Milling Machine Market
