Rice Milling Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Instrument Rice Milling report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
India Rice Milling Market, By Equipment (Rice Whitening Machinery, Pre Cleaner Machinery, Paddy Separator Machinery, Length Grader Machinery, and others) By Capacity (1 To 10 Ton, 10 To 20 Ton, and More than 20 Ton), and Region – Forecast 2016-2022.
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The India rice milling market is expected to value an estimated USD 392.6 million by the end of 2022 and witness a steady CAGR of 3.51% during the forecast period of 2016 – 2022. The high production of rice in this region and increasing demand for good quality rice are some key drivers for the growth of the rice milling market in India.
India being one of the worlds largest producers of rice, possesses a significant rice milling market. A global and local increase in population has led to a higher production of rice in the country to meet both domestic and export demands. The regions favorable climate for growing rice crops, supportive government policies regarding agriculture and the importance of rice as a staple in the Indian diet are some other factors that promote the consistent upward growth of the market.
Although traditional methods are still prevalent in India, including for rice harvesting, rice millers are increasingly investing in modern, high-quality rice milling equipment to increase yield and quality of the final product. In addition to favorable policies, the government also offers various facilities and subsidies to promote modern agricultural activities. Foreign investors have recognized India’s position as a global rice producer and have accordingly set up rice milling machinery manufacturing units to meet the demand and leverage cheap labor costs available in the region.
Improper storage and lack of appropriate warehouse facilities along with unpredictable crop failure are some of the challenges faced by this market. However, ongoing development in agriculture is expected to offer solutions and opportunities for expansion of he market in the coming years
The Indian rice milling market has been segmented into equipment, capacity, and region. By equipment, the market has been segmented into rice whitening machinery, pre-cleaner machinery, paddy separator machinery, length grader machinery, and others.
By capacity: The market has been segmented into 1 to 10 ton, 10 to 20 ton, and more than 20 ton.
By region: India has been segmented into north, south, west, and east.
East India accounts for the largest share of the rice milling market. This is primarily due to the fact that rice has traditionally been grown in this region which naturally has high rainfall and the area is conducive to the growth of rice. This has prompted a high number of planned investments in rice milling, this facilitating growth for the market. The East India regional segment is poised to grow at a consistent CAGR of 3.97% during the forecast period.
Meanwhile, the North India regional market segment is expected to grow moderately due to the increased assistance from the government in the form of various initiatives and supportive policies.
Prominent market players who are operating the Indian rice milling market include Patker Engineers, Satake Corporation, Buhler Group, Mill Master Machinery Pvt Ltd., G.G. Dandekar Machine Works Ltd., Perfect Equipments, Savco Sales Pvt Ltd., Fowler Westrup, and G.S International.
Latest Industry News
India and China have just signed an agreement to amend a pre-existing protocol on phytosanitary requirements. The signing of this agreement will allow India to export non-basmati rice to China. This offers high potential for expansion to rice millers in the country.
Until a few years ago, nearly 652 acres of land in Thottarapuncha, a historical paddy hub in Kerela, was lying barren. This year in June, Thottara brand rice which was milled by Modern Rice Mills will be available in the market.
High demand for rice exports and the superiority combined with the affordability of Indian rice, has led to the closure of many mills in Nepal as the country grows dependant on India for its rice demands.
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