rice processing market
Market Research Future (MRFR) projects that the India rice processing 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.
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.
Global India rice processing 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 processing 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 processing market: Competition Analysis
Some of the prominent companies operating in rice processing 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.
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 processing market.
Browse Complete Report "India rice processing market Research Report - Forecast 2022" @ https://www.marketresearchfuture.com/reports/india-rice-milling-market-3566