Product ID: SQSG20H2005
Report ID: SQSG20H2005 | Region: Global | Published Date: April, 2023 | Pages: 274 | Tables: 61 | Figures: 75
Global Grain Processing Equipment Market size was valued at USD 4.19 billion in 2021 and is poised to grow from USD 4.51 billion in 2022 to USD 8.72 billion by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).
Grain processing equipment performs a variety of operations during the processing, including scalping, debearding, cleaning and grading, and others. Grain processing equipment can change the size, shape, and quality of the product to increase farm output. Furthermore, grain processing equipment is classified by functional applications such as fruits and vegetables, oilseeds and pulses, and cereals. Due to the high interest of customer base towards health consciousness, demand for processed foods is grown at a rapid rate as these are nutritional. The provision of government incentives and investment schemes to increase agricultural production is expected to shift crop producers' focus away from manual agriculture and toward core technologies such as seed processing.
Furthermore, the growing urban agriculture sector will boost global demand for grain processing equipment. However, increasing on-farm irrigation projects on a global scale will continue to be the primary trend for the grain processing equipment market over the forecast period.
US Grain Processing Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
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Grain Processing Equipment Market is segmented based on technology, product type, application, and region. Based on technology, the global grain processing equipment market is segmented into automatic and semi-automatic. Based on the product type, Grain Processing Equipment Market is segmented into processing and pre-processing. Based on application, Grain Processing Equipment Market is segmented into dryers, cleaners, coaters, polishers and others. Based on region, Grain Processing Equipment Market is categorized into Asia-Pacific (APAC), North America, Europe, Latin America, and Middle East and Africa (MEA).
Grain Processing Equipment Market Analysis by Technology
Based on the technology, semi-automatic grain processing equipment held the largest market share as it requires lower cost of the equipment, lower operational budget and also the accessibility of workers. Automatic grain processing machinery incur due to the higher cost. It doesn’t need any human involvement.
Grain Processing Equipment Market Analysis by Product Type
The processing equipment segment is expected to have a relatively higher market presence due to the high demand for processed foods and increase in disposable income globally. People who live in cities are more likely to choose processed foods, such as frozen, bakery and confectionery, flavored dairy, and other allied products, as their disposable income rises. Furthermore, advancements in processing and packaging technologies are expected to drive up product demand in the coming years.
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In 2021, Asia Pacific was the dominant region, accounting for more than 39.6% of total revenue. Because of the high demand for product innovation and the wide variety of processed and packaged food products, the regional market is expected to grow at a CAGR of 7.1% over the forecast period. Various technological advancements in developing regions provide significant growth opportunities for industry manufacturers. The expansion of the Asia Pacific food and beverage sector to accommodate the rapidly growing population is expected to drive product consumption in the food and beverage industry.
North America is one of the world's most mature regional markets for grain processing equipment. The market is expected to be strengthened by factors such as rapid urbanization, high spending power, rising household income, industrialization, and changing consumer food preferences. Because North America is a developed region, factors such as technological advancements, a government framework with favorable policies, and infrastructure development with strong distribution channels all contribute to the region's grain processing equipment market growth.
Europe is a major regional player in the food and beverage industries. As in Germany, Italy, and the United Kingdom, the industry makes a significant contribution to the country's economy. The demand for and supply of food and processed food in these nations, as well as strong and distributed networks, make it easier for businesses to seize growth opportunities. Furthermore, health awareness, dietary shifts, and consumer food and beverage preferences have influenced the demand for food processing equipment.
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Grain Processing Equipment Market Drivers
Grain Processing Equipment Market Restraints
Raw material is the vital aspect of Food grain processing in industry. Fluctuations in the price of raw material cause major hindrance in the growth of the market.
Climate change is the major reason for the destruction of crops . Production of grains gets impacted on a large scale due to such factors that in turn affects the entire production cycle. Also, natural calamities such as floods and earthquakes also hamper the growth of the agricultural sector, which in turns impacts the growth of the market.
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Global and regional players in the design, manufacture, and distribution of grain processing equipment make up the global grain processing equipment market.
Companies are investing heavily in R&D activities and innovation centers in order to gain a competitive advantage in the market. Acquisitions are being pursued by players in order to improve their product offerings and expand their regional presence. This strategy has assisted businesses in acquiring distribution centers and diversifying their offerings across a wide range of end-use application markets.
Top Players in the Global Grain Processing Equipment Market
Grain Processing Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, global grain processing equipment market is being driven primarily by rising global population, urbanization, and increase in people's disposable income, which is resulting in increased demand for meat and poultry products. Furthermore, rising population awareness of food safety and food waste is increasing the attractiveness of grain processing equipment.
|Market size value in 2021||USD 4.19 billion|
|Market size value in 2030||USD 4.51 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Grain Processing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Grain Processing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Grain Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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