From 2023 to 2033, the global rice mill machine market is expected to grow at a slow and steady CAGR of 4.0%. The market valuation is projected to increase from USD 192.1 million in 2023 to USD 284.4 million by 2033.
According to Future Market Insights (FMI), the market is poised to be driven by the increasing demand for rice and the growing need for efficient production. Rice mill machines are used to process raw rice into white rice. They are also used to remove chaff, husk, and bran from the rice for ensuring removal of impurities.
There are mainly two different types of rice mill machines - grind and fraction-type or pressure-type. Grind machines, as their name suggests, are used to grind rice. They are known for their high-speed operation, and they are ideal in settings where high output and low rice breakage are requirements. Fraction-type or pressure machines are dependent on their iron rollers, which generate the friction needed to get white rice by milling brown rice.
Estimates suggest that rice consumption accounts for over 16% of the world’s calorie intake. Also, 3.5 billion of the world’s population are estimated to consume rice as a staple food. The number is poised to rise by around 25% by 2050. Also, 20% of the global population earns a living through rice production.
Consumption patterns are gradually altering in several countries. For instance, in Japan, Vietnam, and Indonesia, rice is an integral part of the traditional staple diet. However, younger generations across these countries are turning to other diets based on individual preferences driven by growing exposure to international cuisines. This is likely to reduce rice consumption in these countries in the coming years. However, in African countries, greater accessibility and affordability of rice are contributing to increasing rice consumption. Projections indicate that consumption of milled rice in Africa is set to reach a whopping 34.9 million tons by 2025.
In recent years, accelerating climate change has had adverse effects on rice production as harsh temperatures, floods, and draughts have wreaked havoc on crops during growing seasons. Rice production has also come under the scrutiny of climate change activists, as the activity is known for its high water consumption and CO2 emissions.
From 2023 to 2033, FMI expects rice production to increase to meet growing demand. This is likely to generate more rice mill machine sales. Additionally, FMI predicts the adoption of efficient rice mill machines to lower the carbon footprint of the rice production sector.
Attributes | Key Insights |
---|---|
Rice Mill Machine Market Estimated Size (2023E) | USD 192.1 million |
Projected Market Valuation (2033F) | USD 284.4 million |
Value-based CAGR (2023 to 2033) | 4.0% CAGR |
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Between 2017 and 2022, the global rice mill machine market was estimated to register a sluggish 2.6% CAGR. So, it’s fair to say that the anticipated 4.0% CAGR from 2023 to 2033 indicates a marginal acceleration in market expansion.
The rice mill machine market is anticipated to be driven by factors such as the growing demand for rice in developing countries, the increasing use of rice as a staple food in developed countries, and the growing popularity of rice-based packaged and ready-to-eat foods.
FMI also predicts increasing adoption of automated rice mill machines. Fully automated rice mill machines deliver high output and efficiency. Manufacturers are anticipated to innovate more and more in the years ahead to deliver more energy-efficient and environment-friendly solutions.
FMI has assessed the rice mill market thoroughly to determine the factors that are likely to affect the market between 2023 and 2033. FMI’s lead analysts have taken into consideration emerging opportunities, restraints, and threats in their assessment.
The Drivers, Restraints, Opportunities, and Threats identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Potential natural disasters fueled by climate change such as floods and draughts are poised to threaten the expansion of the global rice mill machine market.
Demand for Rice Mill Machines to Decrease in the United States Due to Growing Focus on Exports
Rice milling machine sales are expected to be adversely affected in the United States In recent years, the country’s rice production has declined and this trend looks set to continue as the United States government looks to increase rise imports for meeting its consumption demands. This is resulting in decreasing demand for rice milling machines in the country.
In the coming years, FMI expects husk-removing rice mill machines to generate more sales in the United States market compared to machines that do not remove husk. Husk-removing rice mill machines have become popular in the United States owing to their ability of producing clean rice with almost no impurities.
India Rice Mill Machine Market to Register Substantial Expansion Owing To Government’s Ambitious Goals
India is the world’s second largest producer of rice, despite the forecast of declined production in the 2022/2023 market year in a Grain and Feed Update shared by the United States Department of Agriculture’s Foreign Agricultural Service (FAS). As it is also the home to big players, the country also has several small and medium-sized enterprises (SMEs) that produce rice.
In India, rice mill machine sales are expected to surge during the forecast period. According to the Central Rice Research Institute, a part of the Indian Council of Agricultural Research, India’s rice production needs to be increased to 120 million tons for feeding its population by 2030. This is poised to stimulate the country’s market for rice mill machines as all efforts are made to step up production.
Strong Presence of Rice Mill Machine Manufacturers to Spur Market Expansion In Germany
Germany is home to renowned rice mill machine manufacturers such as Bühler GmbH and SCHULE Mühlenbau, which are known for high-quality products, competitive prices, and excellent customer service.
As the demand for automated and energy-efficient rice mill machines is anticipated to increase from 2023 to 2033, these companies are expected to be at the forefront of research and development efforts. Ultimately, their products are poised to offer solutions based on the problems being faced by the global rice production sector right now.
Economic Reforms Set to Help International Manufacturers Establish Their Presence in China
As the world’s most populous country with a burgeoning middle class, China is an obvious choice for businesses in the rice mill market looking to expand their reach. However, despite its size and economic growth, China has been notoriously difficult for foreign companies to crack. That’s starting to change, however, as the Chinese government has been making gradual reforms to open up the economy.
These reforms, combined with China’s growing appetite for luxury goods and services, have made it an increasingly attractive market for businesses across a range of industries.
Mini Rice Mill Machines to Gain Traction Due to their Cost-Effectiveness
A mini rice mill machine is a small machine that can be used to process rice. It is usually operated by one or two people. The mini rice mill machine is easy to use and more affordable than their industrial-sized counterparts.
For small and medium-sized manufacturers, investing in mini rice mill machines makes more sense from a financial standpoint compared to investing in industrial-sized machines. FMI expects sales of mini rice mill machines to grow, particularly in developing economies.
Ease of Comparison and Discount Prices to Fuel Online Sales of Rice Mill Machines
Online sales channels have made it easier than ever before for people to purchase rice mill machines. They offer a wide variety of products and allow customers to compare prices and find the best deals quickly.
Several manufacturers have started selling their products exclusively through online channels in recent years. This trend is likely to continue as the penetration of online sales channels is expected to increase in the years ahead.
Use of Rice Mill Machines in Agriculture to Fuel Due to Rising Demand For Impurity-Free Rice
Rice is one of the most important crops in the world, and rice milling is a vital part of the rice production process. The rice mill machine is an essential piece of equipment in the rice production process, as it helps to remove the husks and bran from the rice grain.
Every rice mill machine consists of a pair of rotating abrasive discs that shear and grind the rice grain. The top disc rotates clockwise, while the bottom disc rotates counter clockwise. The two discs are separated by a small gap, through which the husk and bran are removed from the grain. The abrasive action of the discs removes the husk and bran from the grain, while leaving the edible portion of the rice intact. The husk and bran are then discharged from the machine through a chute.
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Zhengzhou Taizy Machinery Co., Ltd, Taizy, FlourTech Engineers Pvt Ltd, Rising Industries, Mill Master Machinery Private Limited, Satake, Alvan Blanch Development Company, and Savco Sales are among the key players in the global rice mill market right now. Between 2023 and 2033, these players are predicted to increase investments in research and development for technological advancements. Additionally, they are anticipated to increase their global presence by opening branches in emerging markets.
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Attributes | Details |
---|---|
Value-based CAGR (2023 to 2033) | 4% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | Value (USD million) |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa |
Key Countries Covered | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
Key Segments Covered | Product Type, Mode of Operation, Motor power, Application, Region |
Key Companies Profiled | Zhengzhou Taizy Machinery Co., Ltd; Taizy; Flour Tech; Rising Industries; Mill Master Machinery Private Limited; SATAKE; Alvan Blanch Development Company; Savco Sales |
Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The rice mill machine market industry is assessed to be valued at USD 192.1 million in 2023.
The market for rice mill machines is expected to rise at a CAGR of 4.0% from 2023 to 2033.
North America market for rice mill machines is expected to register 38% CAGR between 2023 and 2033.
China, India, and Germany are expected to be the leading countries driving demand for rice mill machines.
China market for rice mill machines is projected to grow at a CAGR of 5.7% from 2023 to 2033.
The United Kingdom. market for rice mill machines is projected to grow at a CAGR of 5.3% between 2023 and 2033.
India market for rice mill machines is projected to grow at a CAGR of 6.3% over the next ten years.
The demand for rice mill machines in the United States is expected to grow at 32.7% in 2023.
The demand for rice mill machines in Japan is expected to grow at 8.0% in 2023.
The demand for rice mill machines in Australia is expected to grow at 2.7% in 2023.
The global market for rice mill machines is anticipated to surpass USD 284.4 million by the end of 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Mini Rice Milling 5.2. Tractor Operated Rice Milling 5.3. Combined Rice Milling 6. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 6.1. Commercial 6.2. Industrial (Agriculture) 7. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Mode of Operation 7.1. Semi-Automated 7.2. Automated 8. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Motor Power 8.1. 3.5 HP 8.2. 5 HP 8.3. 7.5 HP 8.4. 10 HP 9. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East & Africa Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Zhengzhou Taizy Machinery Co., Ltd 19.2. Taizy 19.3. Flour Tech 19.4. Rising Industries 19.5. Mill Master Machinery Private Limited 19.6. SATAKE 19.7. Alvan Blanch Development Company 19.8. Savco Sales 20. Assumptions & Acronyms Used 21. Research Methodology
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