Rice Processing Machine Market

A Summary of the Rice Processing Machine Market Developments (2023 to 2033)

The global rice processing machine market is projected to have a slow-paced CAGR of 2.3% during the forecast period. The current valuation of the market is USD 1,176.43 million in 2023. The market value of the rice processing machine market is anticipated to reach a high of USD 1,476.81 million by the year 2033. A historical market valuation of USD 1,149.98 million has been recorded by the experts of Future Market Insights for the concerned market during the base year.

This growth is supported by the following:

• Spike in demand for rice with the rising global population has led to many kinds of rice processing plants, opening new rice mills and boosting the market growth for rice processing machines.
• The growth of the agriculture industry, coupled with the increased end-user application of rice and the industrialization rate, is ceding a silver lining to the market.
• Rice processing machines are a part of post-harvest management technology, which is having high demand in the agriculture industry.
• The inclination of consumers towards clean and packaged rice is anticipated to further fuel the expansion of the rice processing machine market.
• Rice processing plants are majorly focused on increasing the shelf-life of rice, which is likely to exert a positive influence on the overall market growth during the forecast period.
• Processed or milled rice stays fresh for much longer periods than un-milled varieties when stored under suitable conditions like avoiding exposure to moisture and air, a key factor bolstering market dynamics for rice processing machines.

Although the market has healthy growth, it has been analyzed by the experts at Future Market Insights that certain aspects are likely to hinder the pace of advancement in the long run.

These curbing elements are as follows:

• Processed rice tends to remove nutrition, including fiber, vitamins, and minerals. The nutrient proximate such as energy, protein, carbohydrate, sugar, calcium, iron, sodium, and fatty acids are also lesser in processed rice in comparison to unprocessed variants. This factor acts as a major challenge in impeding the growth of the market.
• Huge initial costs involved, along with crop failure and shortage of warehouses, are some other aspects impeding the growth of the rice processing machines market during the period 2023 to 2033.

Upsurge in Demand for Packaged Rice Products Amongst Consumers - The Benediction Bonanza

As per the analysis of FMI, healthy snack variants are gaining wide popularity among consumers in many countries. The rising demand for rice-based snacks has encouraged many manufacturers to launch new packaged snacks. For instance, in January 2020, LT Foods Ltd. (LT Foods) formed a joint venture with Kameda Seika to enter the healthy premium snack food segment.

Together, they launched a range of rice crackers with the brand name KARI KARI. Therefore, the increasing demand for food products based on rice is anticipated to contribute to the advancement of the rice processing machines market, owing to the long shelf-life of packaged rice products.

Report Attribute	Details
Rice Processing Machine Market Value (2023)	USD 1,176.43 million
Rice Processing Machine Market Anticipated Value (2033)	USD 1,476.81 million
Rice Processing Machine Projected Growth Rate (2023 to 2033)	2.3%

Peek into the Historical Market Scenario and Current Growth Statistics

After analyzing the market in-depth, the experts of FMI have unveiled that the rice processing machine market has been witnessing an unprecedented surge in the past few years. There is an approximate rise of USD 300.37 million surge in the total market value from 2022 to 2023. The market during the period 2018 to 2023 registered a CAGR of 2.1%.

The spike in the sale of rice processing machines can be attributed to the demand for certified machinery. It is identified that adherence to Hazard Analysis and Critical Control Points (HACCP) in amalgamation with optimized wild rice processing equipment designs has supported the industry in achieving high-quality and sage rice processing machinery that meets consumer and regulatory expectations.

Besides this, aspects like the removal of all impurities from rice and ensuring that the processed rice is free from all types of foreign bodies is a key factor driving the growth of the rice processing machine market through the estimated period of study.

Category-wise Insights

Domineering Segments Gaining Prominence Amid Urban Requirements

Horizontal Roller - By Product Type

It is identified that the horizontal roller rice processing machines are the most recognized in the product type category, and have accounted for major shares during the base year. Currently, the horizontal roller segment is anticipated to propel at a slow pace, registering a CAGR of 2.9%. The segment accounted for a historical CAGR of 2.1% during the base period of 2018 to 2022. The reasons attributing to the steady advancement of horizontal roller processing machines are identified as follows:

• They are being highly used for batch operations.
• The horizontal roller machines offer economical operations in the recirculation mode and offer uniform milling along with the entire length of the equipment surface.

Pre-cleaning Machinery - By Operation Type

FMI has analyzed that the pre-cleaning machinery segment accounts for the highest market share in the global rice processing machine market. At present, this segment is moving forward at a moderate pace, recording a CAGR of 3.3%. The segment accounted for a historical CAGR of 2.4% during the period 2018 to 2022. The reasons contributing to the growth of this segment are as follows:

• They have sturdy designs, standard finishes, and higher efficiency.
• They clean the impurities like husk and bran layers to produce edible white rice that is good for consumption and is gaining momentum in the global rice processing machine market.

Country-wise Insights

Elucidation on How Diverse Countries are Unraveling Lucrative Revenue Pockets

Country	United States
Statistics	The rice processing machine market in the USA currently holds the maximum number of shares and has registered a market valuation of USD 31.17 million in 2023. The market is projected to reach a valuation of USD 500.17 million by the end of 2033. An approximate rise of USD 159.01 million has been witnessed from the base year to the current. CAGR for 2023 to 2033: 5.1% Historical CAGR (2018 to 2022): 4.4%
Growth propellants	The expanding market shares can be attributed to: The USA is considered the melting pot of cultures, which implies a large percentage of the populace still relies on rice dishes that act as a fostering factor for the rice processing machine market in the USA. There is a surge in the number of Asian restaurants across the country, propelling the market growth for the machines.

Country	United Kingdom
Statistics	Europe is identified to hold a significant market share in the rice processing machine market. Currently, the United Kingdom is the leading country and is accountable for a market valuation of USD 64.70 million in 2023, advancing at a moderate-paced CAGR of 9.1%. The market valuation is expected to surpass USD 106.40 Million by 2033. There has been an approximate rise of USD 41.70 million from the base year to the current. Historical CAGR (2018 to 2022): 8.3%
Growth propellants	Elements contributing to the growth of the market in the European region are: There is a high demand among consumers for packaged and clean rice for consumption, which is likely to further aid growth in the forthcoming years. Changes in population and eating habits demanding more rice-based products are creating demand for rice processing machines in the United Kingdom.

Country	Japan
Statistics	Japan is projected to advance at a rapid pace, registering a CAGR of 9.5% through the forecast period. The country is currently holding a market valuation of USD 76.47 million in 2023. FMI estimates valuation to surpass USD 189.51 million by the end of 2033. There has been an approximate rise of USD 113.04 million from the past years to current. Historical CAGR (2018 to 2022): 8.6%
Growth propellants	Factors contributing to the growth of the rice processing machine market in Japan are: There is a demand for certified machinery in Japan, and the surge in the need to acquire certificates for rice export is likely to accrue more market shares for these machines in the upcoming years. To meet the daily calorie requirement, the populace consumes a large amount of rice, stirring up the growth dynamics in the rice processing machine market.

Country	Korea
Statistics	The Korean rice processing machine market is anticipated to advance at a rapid-paced CAGR of 10.6% during the forecast period. At present, the market is holding a valuation of USD 17.65 million in 2023. The analysts at FMI have projected a market value of USD 48.33 million by 2033. There has been an approximate rise of USD 30.68 million from the base the year to current. Historical CAGR (2018 to 2022): 9.7%
Growth propellants	The factors attributing to the growth of the market in Korea are: The restaurant sector in Korea is rapidly advancing and the demand for Korean food is on the surge, which includes dishes like Tteok-bokki, Gimbap, and more. These are rice preparations, which are making a significant contribution to the rising demand for rice processing machines in Korea. The rise in disposable income and urbanization is leading to demand for rice-based snacks, fueling market growth for the same.

Start-up Ecosystem

Emerging Companies Add an Edge to the Rice Processing Machine Market Dynamics

The new entrants in the rice processing machine market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the forum and aid the further progression of the rice processing machines market.

Top Start-ups to Watch For

Satake - Indian Start-up

This new entrant in the forum produces a comprehensive range of individual machines, integrated systems, and totally engineered solutions for whole-grain rice processing, a procession of wheat, and other whole grains.

Ag Growth International Inc - Canadian Start-up

This start-up company is a leading manufacturer of portable and stationary grain handling, storage, and condition equipment, including augers, belt conveyors, handling accessories, storage bins, and aeration equipment, and is making advancements in its products to acquire more market shares by meeting end-user demands.

Competitive Landscape

Attempts of Key Players in Revamping the Market Dynamics

This statistical study conducted by Future Market Insights of the concerned machinery market encompasses successful business strategies deployed by the key vendors for rice processing after harvesting. The rice processing machinery market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

The manufacturers are heavily investing in research and development activities to make technological advances in the machinery for giving a cleaner and polished rice to the end-users, acquiring more shares in the global market.

Buhler Stir Up the Soup in the Global Forum

Buhler plays a key role in the overall rice milling machines market and processing fast-growing rice volumes and has taken the pole position in the global industrialized rice processing market in the present as well as future forecast. Currently, around 32% of the global rice harvest through its rice milling machines is processed from Buhler.

Many small and medium-sized end-users are investing in pre-used models by Buhler and Satake. The significant differences in prices of pre-used models in comparison with the prices of new models of rice milling machinery are encouraging the use of pre-used units. Indiamart, Intermesh, and Wohl Associates are some of the suppliers that offer pre-used models of rice milling machinery online.

Supple Tek Pvt. Ltd. Strengthens its Foothold

Supple Tek Pvt. Ltd. is a professionally managed organization specializing in providing a comprehensive range of Basmati rice. Their vision underlies in monopolizing the basmati rice processing machinery industry, along with rice export in the forthcoming years. This firm’s manufacturing facilities meet the standard government guidelines and adhere to the health and safety measures too, procuring products from farms directly and maintaining the freshness of the same.

Recent Developments

• In January 2022, Benlink, a company owned by Buhler, announced its strategic partnership with Alfa Level to expand services in food and energy services.
• In June 2021, Hubei Bishan Machinery Co. Ltd launched its new MNMSL 46 RICE whitener in the market.
• In March 2021, Buhler Group and the Canadian company Premier Tech introduced its NEW CHRONOS OML-1060, a new fully automated packaging technology used in rice, seeds, animal feed, and other plastic pellets.

Some of the key companies proliferating in the market are

• Savco Sales Pvt Ltd.
• G.S International
• Fowler Westrup
• Mill Master Machinery Pvt Ltd.
• Perfect Equipment
• Patker Engineers
• G.G. Dandekar Machine Works Ltd.
• Buhler AG

Key Segments in the Rice Processing Machine Market

By Product Type:

• Mobile Jaw Crusher
• Vertical Roller Mill
• Horizontal Roller Mill
• Others

By Application Type:

• Commercial Milling Machine
• Industrial Milling machine

By Operation Type:

• Rice Whitening Machinery
• Pre Cleaner Machinery
• Paddy Separator Machinery
• Length Grader Machinery
• Others

By Capacity:

• 1 - 10 Ton
• 10 - 20 Ton
• More than 20 Ton
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa (MEA)
• Europe

Frequently Asked Questions

What is the Growth Outlook for the Rice Processing Machine Market?

The growth outlook for the rice processing machine market is predicted to advance at a CAGR of 2.3% from 2023 to 2033.

Which Region Leads the Rice Processing Machine Market?

The North American region is anticipated to lead the rice processing machine market during the forecast period.

What is the market valuation of Rice Processing Machine in 2023?

The market valuation of the rice processing machine market stands at USD 1,176.43 million in 2023.

How much Growth Potential does the Rice Processing Machine hold?

The rice processing machine market is likely to hold a valuation of USD 1,476.81 million by 2033.

Which sector is the key driver in the Rice Processing Machine Market?

The agricultural sector is the key driver in the rice processing machine market.