The India Rice Milling market will arrive at a market size of USD 392.6 Million by 2022. It is normal to develop at 3.51% CAGR during the figure time frame 2022-2030. East India rules the Indian rice processing market with 37.21% of the offer in 2016 concerning esteem.
It is normal to develop at a CAGR of 3.97% during the conjecture time frame. The offer is credited to the expanded government drives, and arranged interests in rice processing ventures are driving the market. North India should develop at a CAGR of 3.90% during the gauge time frame.
With India's developing rice processing market, there is an expansion in the interest of the rice processing apparatuses the nation over. In the most recent couple of years, there has been an expansion in the number of unfamiliar players in the rice processing market in the country.
The explanation lies in the steady strategies and guidelines which advance new rice plants, and the public authority offers different offices to the new contestants on the lookout. This has offered a thriving business sector for the rice processing apparatus makers, both the public and global.
Moreover, the nation's socio economics is with the end goal that rice is one of the most sought after food grains in the Indian agribusiness. The rainstorm and the landscape across the locales of North India, East India and South India uphold the rice development of different grades and characteristics. Notwithstanding, there are not many factors like the absence of appropriate stockpiling and warehousing offices alongside crop disappointment restricting market development.
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.
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.
In 2020: The legislature of India stretched out value backing to paddy through State Procuring Agencies and the Food Corporation of India (FCI). The rice makers choose to offer their produce to State Agencies/FCI at the base help cost or in the open market as it is valuable to them. The FCI eventually takes over Food-grains, including rice acquired by the State Agencies for conveyance under the Targeted Public Distribution System (TPDS) and other government assistance plans.
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.
Product matrix which gives a detailed comparison of the market for different recycled product types
|CAGR||3.51% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|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.