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Rising Global Population Fuels Growth In The Grain Processing Equipment Market: Strengthening the Growth Trajectory of the Grain Processing Equipment Market
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Is the Expected CAGR for the Grain Processing Equipment Market Through 2025?
The market size for grain processing equipment has seen a significant increase in recent years. It's projected to rise from a value of $5.18 billion in 2024 to an estimated $5.54 billion in 2025, maintaining a compound annual growth rate (CAGR) of 7.0%. Various factors have contributed to this increase during the historic period, including the rise in global population and the consequent food demand, growth within the food and beverage processing industry, the need for effective grain cleaning and sorting methodologies, a greater demand for processed grains in the animal feed production sector and the expansion of commercial bakeries and flour mills.
What's the Projected Size of the Global Grain Processing Equipment Market by 2029?
The market size of grain processing equipment is set to significantly increase in the upcoming years and is expected to reach $6.96 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%. This growth can be credited to various factors such as the adoption of automation and robotics in grain processing, focus on sustainable and environmentally friendly processing methods, implementation of IoT and Industry 4.0 technologies, R&D in next-generation grain processing equipment, and the emergence of speciality grain processing for niche markets. Key trends to watch out for in the forecast period include the digitalization and automation of processing lines, adoption of advanced sorting and grading technologies, energy-efficient and green processing solutions, emphasis on hygienic and sanitary designs in processing equipment, and grain milling technology aiming at improved flour quality.
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Top Growth Drivers in the Grain Processing Equipment Industry: What's Accelerating the Market?
The expansion of the population is tipped to fuel the rise of the grain processing equipment market. There's a direct correlation between population growth and the surge in food and beverage consumption, which subsequently triggers a higher demand for grain-related products. For example, Macrotrends, a company based in the US, has pointed out that the global populace had reached nearly 8.045 billion as of 2023 - a growth of 0.88% from the 7.975 billion reported in 2022. That year, the population saw an increase of 0.83% from its previous annual figure. As a result, the swelling population serves as a catalyst for the grain processing equipment market's growth.
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What Trends Will Shape the Grain Processing Equipment Market Through 2029 and Beyond?
Near-infrared (NIR) spectroscopy's usage is a budding trend in the grain processing equipment industry. It holds considerable promise for grain production and other agricultural applications, given its ability to assess protein content and the corresponding nitrogen values in grains. The technology is also beneficial for maintaining plant health, recognizing diseases, and tracking grain growth. For instance, BoMill AB, a machinery organization based in Sweden, in June 2022, introduced an innovation called BoMill InSight, which utilizes Near-Infrared Transmittance Spectroscopy. With a flexible sorting capacity ranging from 2 and reaching up to 15 mt/h (approximating to about 125,000 kernels analyzed per second) that aligns with strictly high industrial standards, BoMill InSight fulfills the sorting requirements of diverse grain processors where internal qualities like protein content, fusarium contamination, or vitreousness are crucial considerations for process and supply chain enhancements.
What Are the Main Segments in the Grain Processing Equipment Market?
The grain processing equipment market covered in this report is segmented -
1) By Machine: Pre Processing, Processing
2) By Technology: Automatic, Semi-Automatic
3) By Application: Cleaning, Grading, Handling, Coaters, Dryers
Subsegments:
1) By Pre-Processing: Cleaning Machines, Drying Equipment, Conditioning Equipment
2) By Processing: Milling Machines, Grinding Equipment, Mixing Equipment, Extrusion Equipment
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Which Top Companies are Driving Growth in the Grain Processing Equipment Market?
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., Ganesh Engineering Works, Bühler AG, Satake Corporation, Ag Growth International Inc., Cimbria A/S, Grain Systems Inc., 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.
Which Regions Will Dominate the Grain Processing Equipment Market Through 2029?
Asia-Pacific was the largest region in the grain processing equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grain processing equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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