Global Rice Polishers Market - 2022-2029

Market Overview

A rice polisher is a machine that changes rice's physical qualities such as taste, texture, and appearance. For example, brown rice can be changed into white rice. It's a tool for polishing or buffing rice kernels. Rice polishers are abrasive machines that buff the outer surface of rice kernels with talc or other fine dust. A rice polisher machine polishes the rice surface by spraying water into the mixing chamber and rubbing or using milling rollers to create friction between the grains.

Rice polishers improve the efficiency of the entire rice milling process as well as the assembly line process, rice production is increasing as well as demand is also increasing, and the growing popularity of brown rice is driving up demand for rice polishers. In addition, increasing agricultural expansion, rising industrialization rates, rising rice consumption, and technical advancements in products, the agriculture industry is expected to play a significant part in boosting the global rice polishers market in the forecast period.

The global rice polishers market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 4.54% during the forecast period (2022-2029).

Market Dynamics: Rapid growth in agriculture industry and growing production of rice is driving the growth of the global rice polisher's market

Consumer demand for natural, organic and plant-based food products, has witnessed exponential growth in agriculture industry recent years. Due to increased consumer preferences for healthy and nutritious agriculture-based food products, along with this, the increased preference for plant-based healthy and tasty food alternatives the global rice polishers market is anticipated to witness significant growth in the coming years.

Furthermore, rice is one of the most important crops in the world. The growing demand for specialty rice varieties has increased the trade for long grain rice, which in turn is driving the market growth. Thus, the increase in production of the rice has increased the demand for rice polishers as rice polishers increase the efficiency of the whole rice milling process and eases up the process in the assembly line. This is anticipated to boost the demand for rice polishers during the forecast period. In addition, increasing consumption of rice is expected to boost the demand for rice polishers around the world. The growing production of rice as well as the increasing demand for rice & rice-based products are major factors driving the need for rice polishers Also, the increasing consumer inclination toward brown rice propels the demand for rice polishers, which is anticipated to fuel the global market in the upcoming years.

Market Segmentation: 1-10 T stand for the highest share in global rice polisher market

In 2021, the 1-10 T segment had the highest revenue share of more than YY percent. The segment has been witnessing significant growth over the past few years on account of increasing demand for small batch finishing and precise polishing from food & beverage, pharmaceutical, cosmetics, and other industries. For instance, according to Agronomag, the global rice demand is expected to rise up to 496 million tons in 2020 and up to 555 million tons in 2035. The market is expected to witness further growth owing to its ability to provide high quality finish with reduced cycle time at a lower cost as compared to high power machines. In addition, it can be used to polish plain or mixed rice. Thus, the segment is expected to witness significant growth in the market owing to increasing demand for polished rice across various applications such as food, medical and animal feed among others.

Geographical Penetration: Asia-Pacific is the dominating region during the forecast period

In 2021, Asia-Pacific had the highest revenue share of almost YY percent. Asia Pacific dominated the global rice polisher market. This is due to the presence of a large number of rice mills across countries such as India, Indonesia, and Vietnam. The region has over 50% of worlds total rice production and consumption which makes it a key consumer for this industry. Moreover, increasing demand for polished white rice from developing economies including China and India is expected to drive regional growth over the forecast period.

Competitive Landscape:

The global rice polisher industry is competitive and comprises players such as MILLTEC Machinery Ltd., Buhler Holding AG, Osaw Industrial Products Pvt. Ltd., Lianyungang Huantai Machinery Co., Ltd., SATAKE CORPORATION, Hindustan Group, G.S. International, Tw Grandeur Machinery Co., Ltd., lamico.com.vn. and Alaska Multi Polymers Pvt Ltd. among others. The rice polisher market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications.

COVID-19 Impact: Negative impact on global rice polisher market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food and beverages are among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants. During the COVID-19 pandemic the there as lockdown and complete restrictions on manufacturing of products as well as the transportation products which has impacted the rice polishers market negatively as the production & transport of rice was restricted which ultimately affected the rice polishers market negatively. Furthermore, due to the disruption in supply chain of existing products, the revenue of the product and the market had declined. Thus, owing to these factors the COVID-19 pandemic has negatively impacted the rice polisher market.

The global rice polishers market report would provide an access to approximately 53 market data tables, 41 figures and 170 pages.