India Rice Milling Market Industry Dynamics, Corporate Financial Plan, Business Competitors, Emerging Technologies, Supply and Revenue with Regional Trends By Forecast 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
Market Research Future (MRFR) projects that the India rice milling market is set to demonstrate 3.51% CAGR from 2016 to 2022 and reach a valuation of USD 392.6 Mn. The production rice has continued to growth in the countries over the years. India is one largest producers and consumers of rice, which makes it an attractive market for rice milling.
Consumption of rise has also increased on the back of the population growth. The presence of the vast rice milling industry in the countries is attractive FDI. India being a semi-agrarian economy hold tremendous market potential. Moreover, rice is a staple in the Indian diet, which is expected to remain an important market driver.
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The growth in rice production along with the increased consumption has prompted the adoption of new-age methods of production. Emphasis is being placed on implementing advanced technologies for optimising production process and improving the quality of the final product. Policymakers in the country are promoting the modernization of the agriculture sector by offering subsidies and introducing attractive schemes for the sector. Such factors are influencing the market growth in the region.
The flow of FDI in the agriculture section in India has also increased in recent years. Foreign companies are investing in the country to capture the untapped market. Foreign companies are setting up rice milling facilities as well as collaborating with local vendors. Abundance of resource and cost-benefits are some of the other factors that influence the market in the region.
Target Audience:
- Organizations
- Manufacturer
- Research Institute / Education Institute
- Potential Investors
Global India Rice Milling Market: Segmental Analysis
The segmental analysis of the market has been conducted on the basis of equipment and capacity.
On the basis of equipment, the market has been segmented into paddy separator machinery, rice whitening machinery, length grader machinery, pre cleaner machinery and others. On the basis of capacity, the market has been segmented into more than 20 ton, 10 to 20 ton and 1 to 10 ton.
In MRFR’s report, the India rice milling market has been regionally segmented into North India, West India, South India and East India. Of these, East India region is expected to remain extremely important for market players during the forecast period. In fact, region command the largest share of the market in India. This is mainly owing to the high consumption rise in the region. Bing a vital segment of staple diet, rice sales remain high in the eastern part of the country. The climate of eastern India is suitable for rice cultivation which characterises the presence of a vast rice milling industry in the region. It is projected that the market in the eastern part of the county will exhibit a 3.97% CAGR during the assessment period.
Global India Rice Milling Market: Competition Analysis
Some of the prominent companies operating in rice milling market in India include Satake Corporation, Mill Master Machinery Pvt Ltd., Perfect Equipments, Fowler Westrup, Patker Engineers, G.G. Dandekar Machine Works Ltd., G.S International, Savco Sales Pvt Ltd. and Buhler Group. Many market participants mentioned above are implement strategies that will enable them to compete better. In addition, merger and acquisition activities are expected to remain a key industry trend.
Industry News
Ag Growth International Inc., an agricultural products and services company based in Winnipeg, Canada has reportedly acquired Milltec Machinery Ltd, a rice milling and processing equipment manufacture based in Bangalore, India. The Winnipeg-based company has reportedly made a transaction of USD 109.5 Mn with potential add-on of up to USD 38.4 which is subject to Ebitda for acquisition. The deal is expected to allow AGI have better hold in the India rice milling market.
Scope of Report
The report for India Rice Milling Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objectives of India Rice Milling Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the automotive gear market
- To provide insights about factors affecting the market growth
- To analyze the India Rice Milling market based on tools such as Porter’s Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North India, South India, East India and West India.
- To provide country level analysis of the market for segment by type, application and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the India Rice Milling market
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