PUBLISHER: The Business Research Company | PRODUCT CODE: 1426476
PUBLISHER: The Business Research Company | PRODUCT CODE: 1426476
Rice polishers are agricultural and food processing equipment designed to enhance rice grains by buffing the outer surface of rice kernels, thereby removing the bran and germ. This process gives the rice a whiter appearance and a softer texture, and rice polishers are commonly employed in the post-harvest processing of rice to produce polished rice.
The main types of rice polishers include vertical rice polishers, horizontal rice polishers, and others. Vertical rice polishers are specialized machines used in rice milling that polish rice grains and remove the outer bran layers, resulting in polished white rice. These machines come in various capacities, including 1-10 tons, 10-20 tons, and more than 20 tons, and are applicable to grains such as wheat, corn, and others. End users of rice polishers include rice mills, food processing companies, and others.
The rice polishers market research report is one of a series of new reports from The Business Research Company that provides rice polishers market statistics, including the rice polishers industry global market size, regional shares, competitors with rice polishers market share, detailed rice polishers market segments, market trends and opportunities, and any further data you may need to thrive in the rice polishers industry. This rice polishers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The rice polisher market size has grown strongly in recent years. It will grow from $1.3 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth observed in the historical period can be attributed to economic growth in rice-producing regions, the mechanization of agriculture, improvements in rice quality standards, an increase in rice consumption, and the modernization of rice mills.
The rice polisher market size is expected to see steady growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth in the forecast period can be attributed to a focus on quality and consistency, efforts toward automation and efficiency, market demand for premium rice, investments in modern rice mills, and precision polishing techniques for different rice varieties. Major trends expected in the forecast period include the implementation of smart maintenance and predictive analysis, a focus on user-friendly interfaces, the establishment of rice processing automation lines, advancements in polishing techniques, and the integration of mobile and remote monitoring capabilities.
The anticipated increase in rice consumption is set to drive the growth of the rice polishers market in the coming years. Rice polishers play a crucial role in the rice processing chain within mills, refining raw harvested rice into polished white rice suitable for consumption. According to the United States Department of Agriculture's data from October 2021, global rice production reached 510.7 million tons in 2021, with rice consumption rising to 512 million tons. This upswing in rice consumption is a key factor propelling the expansion of the rice polishers market.
The growth of the rice polishers market is further fueled by the expanding scope of agriculture. Agricultural expansion involves increasing cultivated land or intensifying agricultural activities to meet the rising demand for food and other agricultural products. Rice polishers contribute to enhancing the commercial viability of rice production and processing, potentially encouraging the expansion of agricultural endeavors. Notably, recent data from the United States Department of Agriculture indicates a 4% increase in corn cultivation in the United States, reaching 92.0 million acres in 2023. Additionally, wheat planted area in the same period increased by 9% to 49.9 million acres. Agricultural expansion is also evident in the United Kingdom, where the area used for wheat cultivation rose by 0.8% to nearly 1.7 million hectares in 2022. This increased agricultural activity is a driving force behind the growth of the rice polishers market.
The rice polisher market faces a significant restraint in the form of crop failure. Rice polishers are integral to the rice milling industry, and any disruption in the rice supply chain due to crop failure significantly impacts the market. For instance, a forecasted 2% year-over-year decline in global rice production in October 2022, coupled with drought conditions affecting China, the largest rice producer and consumer, points to potential challenges for the rice polisher market. Crop failure diminishes the availability of raw rice material, impacting the production capacity of rice mills and leading to reduced demand for rice polishing equipment.
The high cost associated with rice polishing machines poses a challenge to the market's growth. These specialized machines involve substantial investments in manufacturing and maintenance, acting as a barrier for small-scale rice millers or farmers with limited financial resources. In 2023, rice polishing machines are priced between $100 and $150,000 per set, catering to diverse budget needs. The high cost of these machines hinders the growth of the rice polisher market, particularly for smaller players in the industry.
Major companies in the rice polishers market are strategically focusing on innovative technologies to drive market revenues. Integrated intelligent solutions, encompassing technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT), are at the forefront of these innovations. For example, Buhler Holding AG launched integrated rice mills in March 2021, incorporating machine learning and artificial intelligence to create a single intelligent system for rice mills. This system covers various production steps, including pre-cleaning, storage, drying, rice hulling, polishing, and optical sorting, showcasing the industry's commitment to cutting-edge technologies.
Major companies operating in the rice polisher market report are Muyang Co. Ltd., Yanmar Co. Ltd., MILLTEC Machinery Ltd., Buhler Holding AG, Gill Agro Industries, Pavan Group, Satake Corporation, Hubei Xianliang Machinery Co. Ltd., Osaw Industrial Products Pvt. Ltd., Hindustan Group, Alaska Multi Polymers Pvt. Ltd., Amar Industries, G.S. International, Tw Grandeur Machinery Co. Ltd., F.H. Schule Muhlenbau GmbH, Hunan Sunfield Machinery Co. Ltd., Hubei Yongxiang Grain Machinery Company Limited, Anhui Jietai Intelligent Technology Co. Ltd., Jiangsu Hexi Machinery Co. Ltd., Shandong Huanhai Group Co. Ltd., Wuhan Good Rain Machinery Co. Ltd., Zhengzhou Sida Agriculture Equipment Co. Ltd., Wuhan Yating Machinery Co. Ltd., Sichuan Wanma Machinery Manufacturing Co. Ltd., Lamico nty
Asia-Pacific was the largest region in the rice polishers market in 2023. The regions covered in the rice polisher market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the rice polisher market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The rice polishers market consists of sales of rice graders, seed polishers, and mist rice polishers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Rice Polisher Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on rice polisher market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for rice polisher? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rice polisher market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.