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Grain Processing Equipment Market size was valued at USD 4.19 billion in 2019 and is poised to grow from USD 4.51 billion in 2023 to USD 8.72 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).

and regional players in the design, manufacture, and distribution of grain processing equipment make up the grain processing equipment market. 'Bühler AG', 'Alvan Blanch Development Company Limited', 'Cimbria A/S (a subsidiary of AGCO Corporation)', 'SATAKE Group', 'PETKUS Technologie GmbH', 'Forsberg's, Inc.', 'Lewis M. Carter Manufacturing, LLC', 'AGI (Ag Growth International) Limited', 'Milltec Machinery Private Limited (a subsidiary of AGI (Ag Growth International) Limited)', 'Ocrim S.p.A.', 'Bratney Companies', 'Golfetto Sangati S.r.l.', 'F.H. SCHULE Mühlenbau GmbH', 'Synmec International Trading Ltd.', 'Zaccaria S.p.A.', 'GSI (Grain Systems, Inc.) (a subsidiary of AGCO Corporation)', 'Zhengzhou VOS Machinery Equipment Co., Ltd.', 'Westrup A/S', 'BANSAL Group', 'Lushan Win Tone Machinery Manufacture Co., Ltd.'

Customers' emerging health concerns and dietary plans in both developing and developed regions are expected to drive market growth in the coming years. Governments and various food associations are encouraging food processing machine manufacturers to invest in R&D, thereby increasing the revenue of the food processing technology and equipment market. For example, a food standards agency based in the United States provides several training sessions to food processing equipment manufacturers in order to maintain food hygiene and thus improve the dietary benefits of the food product. Food standards aim to compel value chain participants to adhere to stringent government regulations in order to ensure the safety of ready-to-eat meals. As a result, demand for safe and sanitary processed foods is expected to rise in developing countries.

Application of near-infrared (NIR) spectroscopy is among the growing trend in the grain processing equipment market. NIR spectroscopy has huge potential for agricultural growth such as grain production, as it is used for measuring the protein levels and the equivalent nitrogen values in grains, and can also be used to manage plant health, detect diseases and monitor grain development. In April 2021, BoMill AB, a Sweden-based machinery company installed its NIR-T technology grain sorter IQ in JSC Metelitca's pre-cleaning grain processing plant.

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.

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Global Grain Processing Equipment Market

Product ID: SQMIG20H2035