ID: MRFR/IA - E/2424-CR | May 2017 | Region: Global | 68 pages
The India Rice Milling market is expected to reach market size of USD 392.6 Million by 2022. It is expected to grow at 3.51% CAGR during the forecast period.
With the growing rice milling market in India, there is seen an increase in the demand of the rice milling machineries across the country. In last few years there has been an increase in the number of foreign players in the rice milling market in the country. The reason lies in the supportive policies and regulations, which promote new rice mills and the government offers various facilities to the new entrants in the market. This has offered flourishing market for the rice milling machinery manufacturers, both the national and international ones.
Furthermore the demographics of the country is such that rice is one of the most sort after food grain in the Indian agriculture. The monsoon and the terrain across the regions of North India, East India and South India supports the rice cultivation of various grades and qualities. However there are few factors such as lack of proper storage and warehousing facilities along with crop failure restraint the market growth.
Study Objectives of India Rice Milling Market:
East India dominates the India rice milling market with 37.21% of share in 2016, in terms of value. It is expected to grow at a CAGR of 3.97% during the forecast period. The share is attributed to the increased government initiatives and planned investments in rice milling industries are driving the market. North India is expected to grow at a CAGR of 3.90% during the forecast period.
The major player operating in the market of India rice milling market are Buhler Group, G.G. Dandekar Machine Works Ltd., Satake Corporation, Savco Sales Pvt Ltd., G.S International, Fowler Westrup, Mill Master Machinery Pvt Ltd., Perfect Equipments, and Patker Engineers.
Product matrix which gives a detailed comparison of the market for different recycled product types
|Market Size||2022: USD 392.6 Million|
|CAGR||3.51% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Equipment and Capacity|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Buhler Group, G.G. Dandekar Machine Works Ltd., Satake Corporation, Savco Sales Pvt Ltd., G.S International, Fowler Westrup, Mill Master Machinery Pvt Ltd., Perfect Equipments, and Patker Engineers|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The India rice milling market is expected to record a substantial market valuation of USD 392.6 million by 2022.
The India rice milling market is projected to register a moderate 3.51% CAGR in the forecast period.
Increasing demand for higher efficiency, rapid urbanization are expected to drive the growth of the market.
the lack of proper storage is likely to hamper the growth of the smart well market over the review period.
The 10-20 ton segment is slated to expand as the fastest-growing segment.
The paddy separator machinery segment is slated to expand as the fastest-growing segment.
A few major market players operating in the India rice milling market are Fowler Westrup, Perfect Equipments, Mill Master Machinery Pvt Ltd., among others.