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Global Grain Processing Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate | Alvan Blanch Development Company Limited, Osaw Agro Industries Private Limited, WESTRUP A/S
Grain Processing Equipment Market Size
The Business Research Company offers in-depth market insights through Grain Processing Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to adoption of automation and robotics in grain processing, emphasis on sustainable and eco-friendly processing practices, integration of iot and industry 4.0 technologies in grain processing, research and development in next-generation grain processing equipment, expansion of specialty grain processing for niche markets. Major trends in the forecast period include digitalization and automation of processing lines, advanced sorting and grading technologies, energy-efficient and environmentally-friendly processing solutions, hygienic and sanitary design in processing equipment, grain milling technology for enhanced flour quality.
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Market Segmentation:
The main types of machines in grain processing equipment are pre-processing and processing. The pre-processing segment manufactures pre-processing equipment for processing different grains. All the grains are pre-processed, such as removing foreign particles including stones, immature grains, and other impurities before processing. The different modes of operation include automatic and semi-automatic and are used in various applications such as cleaning, grading, handling, coaters, and dryers. It is distributed through several channels, including online and offline.
Major Driver - Rising Global Population Fuels Growth In The Grain Processing Equipment Market
The growing population is expected to drive the growth of the grain processing equipment market going forward. The increase in population has a direct influence on the increase in food and beverage consumption, resulting in increased demand for grain-based products. For example, according to the United Nations World Population Prospects, the world population reached 7.87 billion in July 2021 and is estimated to be more than 9 billion by 2037. Similarly, according to The Economic Times report, India's foodgrain production is estimated to rise 3.74% to a new record of 308.65 million tonnes in the crop year 2020-2021. Therefore, the growing population propels the growth of the grain processing equipment market.
Competitive Landscape:
Major companies operating in the grain processing equipment market include Alvan Blanch Development Company Limited, Osaw Agro Industries Private Limited, WESTRUP A/S, Golfetto Sangati S.r.l., PETKUS Technologie GmbH, Lewis M. Carter Manufacturing LLC., Satake USA Inc., Forsberg Agritech Pvt. Ltd., Lianyungang Huantai Machinery Co. Ltd., Zhengzhou VOS Machinery Equipment Co. Ltd., Corbion NV, Monsanto Company, Ganesh Engineering Works, Bühler AG, Satake Corporation, Ag Growth International Inc., Cimbria A/S, Grain Systems Inc., Hefei Taihe Optoelectronic Technology Co. Ltd., Milltec Machinery Pvt Ltd, Muyang Holdings Co. Ltd., Seedburo Equipment Company Inc., Synmec International Trading Ltd., Walinga Inc., Akyurek Technology, ArrowCorp Inc., Bratney Companies, Crippen Northland Superior Supply Co. Inc., Flaman Group of Companies, Grain Cleaning LLC, Nor-Ag Ltd., Oliver Manufacturing Co. Inc.
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Top Trend - Near-Infrared (NIR) Spectroscopy Revolutionizes Grain Processing Equipment Market
The application of near-infrared (NIR) spectroscopy is one of the rising trends in the grain processing equipment market. NIR spectroscopy has huge potential for agricultural applications such as grain production, as it is used to measure protein levels and the equivalent nitrogen values in grains and can also be used to manage plant health, detect diseases, and monitor grain development. For example, in April 2021, BoMill AB, a Sweden-based machinery company, installed its NIR-T technology grain sorter IQ in JSC Metelitca's pre-cleaning grain processing plant. Using this technology, JSC Metelitca, a grain processing, and production company, can be able to provide high-quality grain products using this technology.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Grain Processing Equipment Market Characteristics
3. Grain Processing Equipment Market Trends And Strategies
4. Grain Processing Equipment Market - Macro Economic Scenario
5. Grain Processing Equipment Market Size And Growth
…..
27. Grain Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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