Market Overview
The market price of the Indian rice milling market is projected to reach USD 392.6 million and a CAGR of 3.51% in the forecast period from 2022 – 2030.
Rice is one of the most demanded food grains in Indian agriculture and the main source of revenue for farmers. The need for rice processing equipment has increased across the country due to India’s expanding rice cultivating sector. The number of new companies in the rice milling business has been noticed during the last few years. This is due to the consistent plans and execution that promote new rice plants, and the state authority provides various opportunities to the companies looking for employment. The international and public rice milling equipment manufacturers have benefitted by having a huge market. Additionally, The economic structure of the country is designed to make rice one of the most demanded food crops in Indian agriculture. The rice production with various characteristics is supported by the weather and the landscape throughout the North, South and East India regions.
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There are certain objectives to understanding the rice milling market: The market should thoroughly study the market structure. The market should analyze using techniques like Porter’s Five Forces Analysis. It should offer historical revenue for market segments concerning regions. The rice milling market should construct a landscape with a strategic competitor profile. The market should also analyze and track the activities of competitors, such as new products, strategic alliances, and joint ventures.
Key Players
- Buhler Group
- G.G. Dandekar Machine Works Ltd.
- Satake Corporation
- Savco Sales Pvt Ltd.
- G.S International
- Fowler Westrup
- Mill Master Machinery Pvt Ltd.
- Perfect Equipments
- Patker Engineers
Market segments
The India Rice milling Market is divided into market capacity and equipment.
Depending on the capacity, the India Rice milling Market is divided into more than 20 tons, 10 to 20 tons and 1 to 10 tons.
Depending on the equipment, the India Rice milling Market is divided into Pre cleaner machinery, length grader machinery, rice whitening machinery and paddy machinery.
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Regional analysis
India is a leading exporter of high-quality rice, which is recognized for its aroma. Various qualities and types of rice can be grown throughout the Northern, southern and eastern parts of India during the monsoon season. However, several changes limit the expansion of the market, including a lack of adequate storage facilities and crop failure.
In 2016, East India managed a value share of 37.21% in the rice milling market. It is predicted to increase at a 3.97% CAGR during the forecast period. The market is being driven by government initiatives and expected investments in the market, which are responsible for the share. North India is projected to reach a 3.90% CAGR in the forecast period.
Industry news
In 2020 – The Indian parliament expanded value-based support for paddy through the Food Corporation of India and State Procuring Agencies. Given the value of their product, the rice producers decide to sell it to the state agencies at the base price or at the opening of the market. The FCI finally accepts the food grains, mainly rice, that the state agencies have purchased for distribution through government programs.
Table Of Content
1 Introduction
1.1 Definition 9
1.2 Scope Of The Study 9
1.3 Assumptions 9
1.4 Market Structure 9
2 Research Methodology
2.1 Research Process 11
2.2 Primary Research 12
2.3 Secondary Research 12
2.4 Market Size Estimation 12
2.5 Forecast Model 14
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