The global rice polishing market is expected to grow at a CAGR of 5.5% in the forecast period from 2023 to 2033. The rice polishing market is projected to reach a valuation of USD 1,9917 Million by the end of 2033. It is set to be valued at USD 1,166.0 Million in 2023.
A rice polishing machine is a system used to switch the physical position of rice. A rice polishing machine is a rugged machine that uses talc and other erratic contaminants to polish the outer bottom of rice grains. The rice polishing system polishes the rice soil by spraying water from the combination chamber and using a rubbing and milling roller to grind most grains.
There are various types of rice polishing machines such as vertical cone grinders and horizontal grinders. The global rice polishing machines market is expected to grow rapidly during the forecast period due to rising demand for these machines from the rice milling industry.
The rapidly expanding restaurant and food & beverage industries across the globe are also projected to push sales in the rice polishing machines market during the evaluation period. Rice is considered to be the staple food of more than half of the world's population.
Asia Pacific is mainly set to be the leading consumer of rice polishing machines, which would further foster growth in the global market. In addition to that, continuous developments in the field of rice mill machinery, as well as attractive packaging of such machines would drive the market in emerging economies.
A large number of rice producers are nowadays providing a wide range of products such as wild, jasmine, white, and brown rice, among many other types of rice. However, rice is usually measured as a strategic commodity and is often controlled by governments of various countries.
It is because of the role of rice as a staple diet in several developing and developed countries. Increasing demand for high-quality rice from Gulf and European countries is also projected to bolster the global rice polishing machines market in the next ten years.
Rice is considered to be a convenient form of healthy and nutritious food item that is made available to consumers through retail channels. Technological advancements and developments in the field of rice mill machinery are also expected to accelerate growth in the global market. Apart from that, the high demand for fast food and the rising popularity of online food delivery applications across the globe is projected to aid growth.
| Attributes | Key Insights |
|---|---|
| Global Rice Polishing Machines Market Estimated Size (2023E) | USD 1,166.0 Million |
| Projected Market Valuation (2033) | USD 1,99217.0 Million |
| Value-based CAGR (2023 to 2033) | 5.5% |
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The global rice polishing machines market exhibited lucrative growth at a CAGR of 4.5% during the historical period of 2017 to 2022. The rising demand for specialty rice varieties in numerous developing countries has pushed the trade for long-grain rice. It has further augmented the global rice polishing machines market.
Continuously changing food habits and lifestyles of consumers are set to drive the fast-food industry, which would subsequently propel the global market in the next ten years. Also, the increasing population and their high disposable income are anticipated to bode well for the global rice polishing machines market. Owing to the aforementioned factors, the market is set to exhibit considerable growth at a CAGR of 5.5% in the assessment period from 2023 to 2033.
High Demand for Long-grain Rice in the USA to Push Sales of Rice Milling and Polishing Machines
As per FMI, the USA rice polishing machines market is projected to remain at the forefront in North America during the forecast period. Growth is attributed to increasing awareness about the significance of a healthy diet among consumers in the country. Also, the easy availability of rice-based food items across the USA through restaurants and hotels is likely to aid growth in the country.
As per the USA Department of Agriculture, long-grain rice production in the USA is concentrated in the South. Arkansas mainly grows 56-58 percent of the USA's long-grain crop. California, on the other hand, is considered to be the main producer of medium-grain rice, usually 70-76 percent of the crop. All USA rice is cultivated in irrigated fields, thereby achieving some of the highest yields across the globe.
Availability of Advanced Rice Huller with Polisher in Japan to Drive Growth
The design and capability of technologically advanced rice polishing machines are not the same as that of a level rice polisher, which is frequently found in a rice shop to clean rice that is to be consumed by large families. The availability of such machines in Japan is set to create clean rice with high quality. These factors are estimated to propel the Japanese rice polishing machines market in the next ten years.
With the introduction of vertical rice mills, rice polishing technology was renewed in the 1930s in Japan, and Ginjo high-quality sake, which was brewed at a low temperature of 60% or less, was eventually mass-produced in the 1980s. Today, in addition to the conventional horizontal rice milling machine, vertical rice polishing machines are used to mill the rice one consumes in Japan, which would eventually propel the market.
Cultivation of Japonica Rice in the UK to Boost Sales of Rice Production Machines
Imports of rice specialties from countries other than Europe are increasing. A particularly attractive product in the UK market is rice husks or milled rice from long-grain Indica rice such as basmati rice. Rice imports are expected to increase in the country during the forecast period.
When it comes to rice, approximately 60% of the demand is covered by European in-house production and so 1.8 million tons of rice husk rice must be imported. The European Union (EU) Agricultural Outlook 2020-2030 assumes that demand for imported rice will increase until 2030. Over the next decade, imports will increase by about 250,000 tons, but this amount will only affect the EU-27 and not the UK.
Japonica varieties (about 75%) are mainly found in the UK and these are distributed & consumed primarily in Southern Europe. Europe is a net exporter of Japonica rice. Common Asian Indica strains are best known in Northern Europe. There are many types of long-grain, aromatic indicators such as basmati rice and jasmine rice in the UK
Availability of Suitable Climate for Cultivation to Drive the Demand for Rice Cleaning Equipment in India
Presence of various renowned rice polishing companies in India such as Panesar Industrial Corporation, Reliable Exports, Global Agro Tech Engineers, M.G. Industries, JAGGO OVERSEAS, Mill Master Machinery Pvt. Ltd., New Bihar Engineering Company, Prakash Industries, and Synergy Exports LLP among others are projected to drive the market in the evaluation period. India is considered to be one of the top ten rice-producing countries in the Asia Pacific.
India is endowed with a wet environment suitable, which is best suited for rice cultivation. Rice-based farming is also considered to be a significant economic activity for hundreds of millions of farmers residing in rural India. As per the India Brand Equity Foundation (IBEF), India captured about 50% of the world market for rice in FY22. It is set to surge at a rapid rate with an increasing population, thereby bolstering the rice polishing machines market.
Demand for Automatic Rice Polisher Machines to Surge by the End of 2033
Based on automation, the automatic segment is estimated to lead the global rice polishing machines market in the assessment period. Rising demand for specialty rice and fragrant rice in India and the USA is projected to compel manufacturers to provide their products on time to their clients. Automatic machines help in polishing the rice faster than semi-automatic machines. Owing to the aforementioned factors, the demand for automatic rice polishing machines is likely to increase in the forecast period.
The global rice polishing machines market is highly fragmented and competitive due to the presence of several local and regional companies. Key players are adopting a wide range of marketing strategies such as partnerships, expansions, mergers & acquisitions, and collaborations to compete with their rivals.
Some of the leading companies operating in the rice polishing machines market are SATAKE Group, FH SCHULE Muehlenbau, Pavan Group, Lianyungang Huantai Machinery, IndiaMART InterMESH Limited, Buhler AG, SATAKE INDIA, YANMAR, Hunan Sunfield Machinery, and MILLTEC Machinery among others.
Satake and IndiaMART InterMESH Limited Aim to Offer Sustainable Milling Machinery to Food Processing Zones Globally
A rice polishing machine modifies the physical characteristics of rice. It is applied to rice kernels to polish or buff them. The outer surface of rice kernels is polished by rough machines called rice polishers using talc or other very fine particles. By spraying water through the mixing chamber and causing friction between the grains, either by rubbing or by utilizing milling rollers, a rice polisher machine polishes the surface of the rice. Manufacturers across the globe are focusing on mergers and acquisitions to expand their position in the field of rice polishing machines.
Satake, a leading manufacturer is mainly focusing on maintaining a strong presence in several countries through the expansion strategy. For instance, Satake announced in August 2022 that it is planning to open its new office in Manama, the Kingdom of Bahrain, to further accelerate sales.
Similarly, Satake India, in 2021, declared its plans to supply its rice milling machines to processing units that are being established in the proposed special food processing zones across Telangana at a discounted price. They also offered to establish training and round-the-clock servicing centers within these food processing zones. The milling machinery manufactured by Satake Group uses modern technology with a capacity of 21 tons per hour and the necessary power supply can be generated using the rusk, which is a byproduct of milling.
Another leading rice polishing machine manufacturer is IndiaMART InterMESH Limited. It is primarily focusing on mergers and acquisitions. For instance, in March 2022, it announced an investment of approximately Rs. 45.98 crores in Finlite Technologies for acquiring a 51.09% stake in the company. Also, in 2021, it acquired a stake in trade receivable discounting system services firm M1xchange for Rs 32.4 crore.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,166.0 Million |
| Projected Market Valuation (2033) | USD 1,99217.0 Million |
| Value-based CAGR (2023 to 2033) | 5.5% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD Million) |
| Key Countries Covered | USA, UK, China, India, Japan, South Korea, Canada, Brazil, Mexico, Argentina, Germany, Spain, Russia, Poland, Nordics, Australia, New Zealand, Thailand, Indonesia |
| Key Segments Covered | Product Type, End Use, Region, Capacity, Automation |
| Key Companies Profiled | SATAKE INDIA Group; FHSCHULEMuehlenbau; Pavan Group; Lianyungang Huantai Machinery; IndiaMART InterMESH Limited; SATAKE INDIA; YANMAR; Hunan Sunfield Machinery; MILLTEC Machinery Ltd.; Bühler Holding AG; Osaw Industrial Products Pvt. Ltd.; Lianyungang Huantai Machinery Co. Ltd.; SATAKE CORPORATION |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
SATAKE Group, FH SCHULE Muehlenbau, Pavan Group, Lianyungang Huantai Machinery, IndiaMART InterMESH Limited, Buhler AG, SATAKE INDIA, YANMAR, Hunan Sunfield Machinery, and MILLTEC Machinery are the top players in the global rice polishing machines market.
The vertical cone type polishers segment is set to hold the largest share in the global rice polishing machines market by 2033.
The rice polishing machines market size is set to be valued at USD 1,166 Million by the end of 2023.
The rice polishing machines market is expected to rise at a CAGR of 5.5 % in the forecast period.
The North America rice polishing machines market is expected to register a 38% CAGR between 2023 and 2033.
The USA, China, Canada, and Germany are the major countries driving demand in the rice polishing machines market.
The China rice polishing machines market is projected to grow at a CAGR of around 32% over the next ten years.
The rice polishing machines market in Europe is expected to grow at 32% CAGR between 2023 and 2033.
The global rice polishing machines market is set to surpass USD 1,991.7 Million by the end of 2033.
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Rice Polishing Machines Market
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