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Grain Processing Equipment Global Market Report 2024 - By Size, Trends, Growth, Demand, Forecast By 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Grain Processing Equipment industry. This report on Grain Processing Equipment market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The grain processing equipment market size has grown strongly in recent years. It will grow from $4.86 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increases in global population and food demand, growth in the food and beverage processing industry, need for efficient grain cleaning and sorting processes, demand for processed grains in animal feed production, expansion of commercial bakeries and flour mills. The grain processing equipment market size is expected to see strong growth in the next few years. It will grow to $6.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
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Key Market Players:
Alvan Blanch Development Company Limited, Osaw Agro Industries Private Limited, WESTRUP A/S, Golfetto Sangati S.r.l., PETKUS Technologie GmbH.
Market Drivers:
According to the Grain Processing Equipment Market Report 2024 by The Business Research Company, increasing demand for the food and beverage industry is expected to propel the growth of the grain processing equipment market going forward. The food and beverage industry refers to the sector of the economy that involves the production, processing, distribution, and sale of food and drink products. Grain processing equipment is primarily used in the food and beverage industry for such functions as milling and grinding, cleaning and sorting, drying and roasting, and packing because it enables the efficient and safe transformation of raw grains into various food and beverage products.
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Market segments for Grain Processing Equipment include:
• By Machine: Pre-Processing, Processing
• By Technology: Automatic, Semi-Automatic
• By Application: Cleaning, Grading, Handling, Coaters, Dryers
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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