Rice Milling Market was valued at USD 120 Billion in 2022 and is projected to reach USD 165 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
Looking ahead to 2023 through 2033, the rice milling market is expected to continue its positive trajectory, albeit with some notable shifts. Several factors are anticipated to influence market demand during this period. First, there is a continued push towards sustainability and eco-friendly rice milling technologies, as environmental concerns grow. Mills will need to adopt practices that minimize their carbon footprints and utilize more energy-efficient machinery. Another important trend is the growing demand for value-added rice products, such as organic rice, specialty varieties, and pre-cooked rice, which cater to changing consumer preferences. Technological innovation will further enhance productivity, with the integration of artificial intelligence (AI), Internet of Things (IoT) devices, and robotics. Additionally, the increasing global population and urbanization rates will drive rice consumption, thereby raising the demand for milling capacity. Governments in rice-producing countries are also expected to implement policies that favor modernizing milling facilities, further spurring market growth. The expansion of digital platforms for rice distribution will also play a role in how the market evolves over the next decade. Ultimately, the rice milling market’s future will depend on a balance between technological upgrades, market demands, and environmental sustainability efforts.
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The global rice milling market has witnessed substantial growth from 2018 to 2022, driven by the ever-growing demand for rice in both developed and developing countries. Technological advancements, along with the growing preference for processed rice, have played an instrumental role in shaping this market. During this period, there was a noticeable shift toward modern milling equipment designed for efficiency, better yield, and reduced wastage. Additionally, automation in rice mills became increasingly popular as manufacturers sought to cut down on labor costs while improving processing speed and quality. Furthermore, the demand for high-quality rice, particularly in premium markets, saw a significant rise, prompting mills to upgrade their operations to meet these demands. This growth in the rice milling market was supported by both regional and global trends, with emerging economies in Asia-Pacific, Africa, and Latin America contributing significantly to the market size. As countries like India, China, and Vietnam emerged as key players, export volumes also rose, boosting the global market.
Buhler Group
Satake Corporation
Hubei Yongxiang
China Meyer
Zhejiang QiLi Machinery
Zhongke Optic-electronic
Hunan Chenzhou Grain & Oil Machinery
Anzai Manufacturing
Wuhan Zhongliang Machinery
Perfect Equipments
G.G. Dandekar Machine Works
Patker Engineers
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Rice Milling Market
Commercial
Home Use
Based on Types the Market is categorized into Below types that held the largest Rice Milling market share In 2023.
Below 50 Ton
50-150 Ton
Above 150 Ton
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Rice Milling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Rice Milling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Rice Milling Market, By Type
6. Global Rice Milling Market, By Application
7. Global Rice Milling Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Rice Milling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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