Rice Mill Machine Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 239.30 Million |
| Market Size (2029) | USD 291.20 Million |
| CAGR (2024 - 2029) | 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rice Mill Machine Market Analysis
The Rice Milling Machinery Market size is estimated at USD 239.30 million in 2024, and is expected to reach USD 291.20 million by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).
- Rice is the primary staple for over half of the global population, with around 90% of its production concentrated in Asia. While the four main categories of rice include Indica, aromatic (such as jasmine and basmati), Japonica, and glutinous, numerous specialty varieties are cultivated worldwide. The market is witnessing growth, primarily driven by the demand for certified rice milling equipment. Certified machinery guarantees high-quality rice processing, which is essential for meeting the surging global rice demand. Given rice's status as a staple in numerous countries, its demand is projected to remain robust in the coming years, further fueling the need for rice milling machinery. SATAKE, a Japanese firm, specializes in designing, manufacturing, and global selling of ISO-certified rice mills.
- However, the presence of pre-owned rice milling machinery models could hinder the market's expansion. In terms of technological advancements, the Satake New Tasty White Process (NTWP) stands out as a significant innovation in rice processing. The NTWP method yields rinse-free rice, boasting superior taste and appearance. This groundbreaking technology promises to transform the rice milling industry by enhancing rice quality, minimizing water consumption, and shortening processing durations. Such advancements could usher in heightened efficiency, lower costs, and, ultimately, increased profits for rice millers. With the global population on the rise, the demand for rice is expanding. This surge has prompted numerous rice processing plants to produce new rice mills, propelling market growth. India, the foremost producer and exporter of basmati rice, ranks among the top rice exporters globally. Notably, rice milling stands as one of India's oldest and most significant agro-processing industries. India had over 9,000 rice mills as of 2022, as reported by the Ministry of Consumer Affairs, Food & Public Distribution.
Rice Mill Machine Market Trends
Rising Area Under Rice Cultivation
- Rice serves as the primary staple for over half of the global population, with Asia, Sub-Saharan Africa, and South America leading in consumption. Asia, home to major producers like China and India, dominates global rice production. The Food and Agriculture Organization (FAO) reported that in 2022, India's harvested rice area expanded to 46.4 million hectares, up from 46.2 million hectares in 2021. This increase in cultivated area boosted production from 194.2 million metric tons in 2021 to 196.2 million metric tons in 2022, subsequently driving growth in the rice mill machine market.
- In Africa, countries are increasingly adopting rice mills to process domestic and imported rice. FAO data indicated that in 2022, Nigeria's rice cultivation area reached 4.5 million hectares, marking a 6% increase from 4.3 million hectares in the previous year. This expanded cultivation area contributed to a production rise from 8.3 million metric tons in 2021 to 8.5 million metric tons in 2022. As of 2022, Nigeria boasted a total milling capacity of 3 million metric tons, distributed across 68 rice mills nationwide. This growth could be largely attributed to the Central Bank of Nigeria's Anchor Borrowers’ Programme (ABP), which supported rice cultivation, processing, and related value chain activities.
- The surging demand for premium rice, coupled with the adoption of modern cultivation techniques and high-yield varieties, offers a lucrative opportunity for stakeholders in the market. These stakeholders can introduce advanced machinery that enhances milling efficiency, curtails labor costs, and elevates the final product's quality.
Asia-Pacific Dominates the Market
- Rice, wheat, and corn are the major staple crops worldwide. Rice is a major staple crop among the three, helping more than half the global population meet its daily calorie requirements. More than 90% of the world's rice is grown in Asia, principally in China, India, Indonesia, and Bangladesh, with smaller amounts grown in Japan, Pakistan, and various Southeast Asian nations. According to the ITC Trade Map, in 2023, semi or wholly-milled rice exported from India amounted to 16.3 million metric tons, followed by Thailand with 7.6 million metric tons, Pakistan with 3.2 million metric tons, and China with 1.4 million metric tons. The export demand for milled rice is boosting the market’s growth.
- Integrated crop management (ICM) approaches for rice crops involve location-specific technologies combined with effective institutional support from governments, research institutions, and extension services. This approach aims to optimize the use of available resources, minimize the impact of pests and diseases, and improve the overall productivity and sustainability of rice farming. Using ICM approaches, farmers can bridge the yield gap and increase their rice production. Governments can support farmers by providing access to input and village credit supplies and strengthening research and extension linkages to disseminate new knowledge and technologies. According to FAO, rice consumption in Asia will increase by more than 51% by 2025. This increase in demand for rice due to the population increase in the region will drive the rice milling market during the forecast period.
Rice Mill Machine Industry Overview
The rice mill machine market is fragmented with a few big players, resulting in competition between the smaller players. Buhler Group, Fowler Westrup, MillTECH Machinery Private Ltd, Savco Sales Pvt. Ltd and Satake Group are some of the prominent players; their distribution and manufacturing facilities are spread worldwide. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market. These companies are entering into strategic partnerships with domestic companies to expand their distribution network and launch new innovative milling machinery catering to the needs of the farmers in the respective regions.
Rice Mill Machine Market Leaders
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Buhler Group
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Fowler Westrup
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Satake Group
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AG Growth International Inc.
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Yamanoto
*Disclaimer: Major Players sorted in no particular order
Rice Mill Machine Market News
- February 2024: Satake introduced a new rice milling machine, the SSW60A/100A, which employs a gentler abrasive-type milling process compared to previous models. This new technology ensures lower grain temperatures, reduced power consumption, and improved rice quality.
- April 2023: Buhler AG partnered with the Nigerian government to increase rice production through the establishment of multiple rice mills across the country. This move broadened the company's international presence in the rice milling industry.
Rice Milling Machinery Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Production and Area Under Rice Cultivation
4.2.2 Growing Export Demand for Milled Rice
4.2.3 Increasing techonology advancements in Rice Mills
4.3 Market Restraints
4.3.1 High Initial Investment of Rice Mills
4.3.2 Competition from the Imported Rice is Limiting the Market
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Mechanism
5.1.1 Fraction Rice Milling Machine
5.1.2 Grind Rice Milling Machine
5.2 Operations
5.2.1 Pre-cleaning Machinery
5.2.2 Separating Machinery
5.2.3 Grading Machinery
5.2.4 Rice Whitening Machinery
5.2.5 Other Operations
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Buhler AG
6.3.2 Fowler Westrup
6.3.3 AG Growth International Inc.
6.3.4 Yamanoto
6.3.5 Zhejiang QiLi Machinery Co. Ltd
6.3.6 Satake Corporation
6.3.7 Mill Master Machinery Pvt. Ltd
6.3.8 G S International
6.3.9 G.G. Dandekar Machine Work
6.3.10 Hubei Bishan Machinery Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Rice Mill Machine Industry Segmentation
Rice milling is a crucial step in the post-production of rice. The basic objective of a rice milling system is to clean impurities and remove the husk and the bran layers to produce white rice, which is edible and suitable for consumption.
The rice mill machine market is segmented by mechanism (fraction rice milling machine and grind rice milling machine), operation (pre-cleaning machinery, separating machinery, grading machinery, rice whitening machinery, and other operations), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The market sizing is provided in value terms (USD) for all the above-mentioned segments.
| Mechanism | |
| Fraction Rice Milling Machine | |
| Grind Rice Milling Machine |
| Operations | |
| Pre-cleaning Machinery | |
| Separating Machinery | |
| Grading Machinery | |
| Rice Whitening Machinery | |
| Other Operations |
| Geography | ||||||||
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Rice Milling Machinery Market Research FAQs
How big is the Rice Milling Machinery Market?
The Rice Milling Machinery Market size is expected to reach USD 239.30 million in 2024 and grow at a CAGR of 4% to reach USD 291.20 million by 2029.
What is the current Rice Milling Machinery Market size?
In 2024, the Rice Milling Machinery Market size is expected to reach USD 239.30 million.
Who are the key players in Rice Milling Machinery Market?
Buhler Group, Fowler Westrup, Satake Group, AG Growth International Inc. and Yamanoto are the major companies operating in the Rice Milling Machinery Market.
Which is the fastest growing region in Rice Milling Machinery Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rice Milling Machinery Market?
In 2024, the Asia Pacific accounts for the largest market share in Rice Milling Machinery Market.
What years does this Rice Milling Machinery Market cover, and what was the market size in 2023?
In 2023, the Rice Milling Machinery Market size was estimated at USD 229.73 million. The report covers the Rice Milling Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rice Milling Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Rice Milling Machinery Industry Report
Statistics for the 2024 Rice Milling Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rice Milling Machinery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Rice Milling Machinery Market Report Snapshots
