Grain Processing Equipment Market
Report ID: SQMIG20H2035
Grain Processing Equipment Market Size, Share, Growth Analysis, By Technology(Automatic, semi-automatic), By Product type(Processing, pre-processing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20H2035 |
Region:
Global |
Published Date: April, 2024
Pages:
274
|Tables:
61
|Figures:
75
Grain Processing Equipment Market Insights
Global 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).
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 Segmental Analysis
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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Grain Processing Equipment Market Regional Insights
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 Dynamics
Grain Processing Equipment Market Drivers
- 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.
Grain Processing Equipment Market Restraints
- In the food processing industry, skilled and sanitary labor is a must. The most critical factor in keeping production lines running efficiently is a lack of qualified workers. According to a secondary study, food processing machine manufacturers in the United States are citing a shortage of skilled technicians and operators as a barrier to market growth.
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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.
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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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Grain Processing Equipment Market Competitive Landscape
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
- 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.
Grain Processing Equipment Market Recent Developments
- In March 2022, McArthur Agriculture, a UK-based company that specializes in the design, build, and maintenance of grain processing and storage systems, announced plans to acquire BDC Systems Ltd. The acquisition ensures that two leading players within the post-harvest sector will continue to offer a range of valuable and proven solutions to meet the needs of farmers.
- In December 2022, Hillenbrand, Inc. completed its acquisition of Peerless Food Equipment, a global commercial food equipment and solutions provider. Peerless will be a part of the Coperion Food, Health & Nutrition Division, joining previous acquisitions, LINXUS Group and Gabler Engineering.
- In 2021, Russian Rostselmash plans to launch production of agricultural machinery in Azerbaijan. Such joint ventures and successful transfer of technologies creates new opportunity in the production of high-tech agricultural machinery
- In June 2021, JBT Corporation announced that it signed a definitive agreement to acquire Prevenio, a leading provider of innovative food safety solutions primarily for the poultry industry.
Grain Processing Equipment Key Market Trends
- Application of near-infrared (NIR) spectroscopy is among the growing trend in the global 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.
Grain Processing Equipment Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.19 billion |
| Market size value in 2031 | USD 8.72 billion |
| Growth Rate | 7.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Grain Processing Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Grain Processing Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Grain Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Grain Processing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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