Press release
Rice Polisher Market Insights, Size, Trends, Analysis Report 2024-2033
Rice Polisher Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The rice polisher market size has grown strongly in recent years. It will grow from $1.3 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to economic growth in rice-producing regions, mechanization in agriculture, improvements in rice quality standards, rise in rice consumption, modernization of rice mills..
The rice polisher market size is expected to see steady growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to focus on quality and consistency, automation and efficiency, market demand for premium rice, investment in modern rice mills, precision polishing for different varieties.. Major trends in the forecast period include smart maintenance and predictive analysis, focus on user-friendly interfaces, rice processing automation lines, enhanced polishing techniques, mobile and remote monitoring capabilities..
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Key Market Players:
Muyang Co. Ltd., Yanmar Co. Ltd., MILLTEC Machinery Ltd., Bühler Holding AG, Gill Agro Industries, Pavan Group, Satake Corporation, Hubei Xianliang Machinery Co. Ltd., Osaw Industrial Products Pvt. Ltd., Hindustan Group, Alaska Multi Polymers Pvt. Ltd., Amar Industries, G.S. International, Tw Grandeur Machinery Co. Ltd., F.H. Schule Mühlenbau GmbH, Hunan Sunfield Machinery Co. Ltd., Hubei Yongxiang Grain Machinery Company Limited, Anhui Jietai Intelligent Technology Co. Ltd., Jiangsu Hexi Machinery Co. Ltd., Shandong Huanhai Group Co. Ltd., Wuhan Good Rain Machinery Co. Ltd., Zhengzhou Sida Agriculture Equipment Co. Ltd., Wuhan Yating Machinery Co. Ltd., Sichuan Wanma Machinery Manufacturing Co. Ltd., Lamico nty are prominent players in the industry.
Market Drivers:
The rising rice consumption is expected to propel the growth of the rice polishers market going forward. Rice consumption refers to the amount of rice consumed by a population within a specific time frame measured in weight or volume. Rice polishers are used in rice mills and are involved in the rice processing steps to transform raw harvested rice into polished white consumable rice. For instance, in October 2021, according to United States Department of Agriculture, a US-based federal executive department, the global rice production was increased by 2.8 million tons to reach 510.7 million tons in 2021 and the rice consumption increased by 9.3 million tons to reach 512. million in 2021. Therefore, rising rice consumption is driving the growth of the rice polishers market.
Market Segments Include:
1) By Type: Vertical Rice Polishers, Horizontal Rice Polishers, Other Rice Polishers
2) By Capacity: 1 - 10 Ton, 10 - 20 Ton, More than 20 Ton
3) By Source: Wheat, Corn, Other Sources
4) By End-User: Rice Mills, Food Processing Companies, Other End-User
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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