Rice Polishing Machines Market Is Expected To Rise At A CAGR Of 5.5 % In The Forecast Period 2023 To 2033
The global rice polishing market is expected to grow at a CAGR of 5.5% in the forecast period from 2023 to 2033. The rice polishing market is projected to reach a valuation of US$ 1,9917 Mn by the end of 2033. It is set to be valued at US$ 1,166.0 Mn in 2023.
Plant-based products are both healthier and safer than animal-based products. The rice polishing machine market is being driven by the growing popularity of veganism around the world. Increased adoption of rice polishing machines is primarily due to their growing popularity among consumers, as well as the product’s versatility in terms of application.
Rice polishing machines are referred to as grinders that use talc or another very fine powder to polish the outer surface of rice grains. Asia Pacific is mainly set to be the leading consumer of rice polishing machines, which would further foster growth in the global market.
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Furthermore, rice is considered to be a convenient form of healthy and nutritious food item that is made available to consumers through retail channels. Technological advancements and developments in the field of rice mill machinery is also expected to accelerate growth in the global market. Apart from that, high demand for fast food and rising popularity of online food delivery applications across the globe are projected to aid growth.
Key Takeaways: Rice Polishing Machines Market
- During the forecast period, the rice polishing machines market in the U.K. is expected to grow at a rapid CAGR of 22%.
- The U.S. rice polishing machines market is anticipated to create an absolute dollar opportunity of US$ 301.3 Billion in 2033.
- The global rice polishing machines market exhibited lucrative growth at a CAGR of 5% during the historical period of 2017 to 2021.
- The rice polishing machines market in Europe is expected to grow at 32% CAGR between 2023 and 2033.
- The China rice polishing machines market is projected to grow at a CAGR of around 32% over the next ten years.
“Continuously changing food habits and lifestyles of consumers are set to drive the fast-food industry, which would subsequently propel the global market in the next ten years. Besides, increasing population and their high disposable income are anticipated to bode well for the global rice polishing machines market,” says a lead analyst at Future Market Insights.
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Competitive Landscape: Rice Polishing Machines Market
The top 5 manufacturers of rice polishing machines are SATAKE Group, FH SCHULE Muehlenbau, Pavan Group, Lianyungang Huantai Machinery, and IndiaMART InterMESH Limited. Together, these companies are currently holding about 20% to 30% of the rice polishing machine market share.
Companies are using rice polishing machines to change the appearance, taste, and texture of products to incorporate the nutritional benefits of rice. With increasing research & development and technological advancements, companies are finding new techniques to effectively use rice polishing machines to their maximum potential. Rice polishing machines are also used by companies like Pavan Group because of its new technology.
Get More Valuable Insights on Rice Polishing Machines Market
Future Market Insights, in its new offering, provides an unbiased analysis of rice polishing machine presenting historical demand data (2017-2021) and forecast statistics for the period from 2023-2033.
The study provides valuable insight on the rice polishing machine market based by product (vertical cone type polisher, horizontal polisher others, u-shaped horizontal trough, ribbon agitator), and by application (meat & poultry, fruit & vegetables, potatoes, bread, cheese, fish & seafood, others), by capacity type (1-10 ton, 10-20 ton, more than 20 ton) across seven major regions of the world.
Rice Polishing Machines Market Outlook by Category
By Product Type:
- Vertical Cone Type Polisher
- Horizontal Polisher
- U-shaped Horizontal Trough
- Ribbon Agitator
- 1-10 Ton
- 10-20 Ton
- More than 20 Ton
By End Use:
- Meat & Poultry
- Fruit & Vegetables
- Fish & Seafood
- North America
- Asia Pacific
- Middle East & Africa
- Latin America