NEWARK, Del, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The global industrial food milling machine market size is projected to grow from US$ 151.3 Million in 2023 to US$ 244.0 Million by 2033, with overall sales accelerating at 4.9% CAGR throughout the forecast period (2023 to 2033).
One of the major trends driving the growth of the industrial food milling machine market is the increasing demand for processed and packaged foods. The rising disposable incomes of people in developing countries and the changing lifestyles of people in developed countries are some of the factors driving this trend.
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Another trend that is expected to drive the growth of the market is the increasing focus on product safety and quality. This has led to an increase in investment in research and development by companies operating in this market.
The growing demand for processed and packaged food, along with the increasing need for efficient and cost-effective food processing methods, are some of the major factors driving the growth of the industrial food milling machine market.
Key Takeaways from the Industrial Food Milling Machine Market Study:
- The industrial food milling machine market in India will grow at a robust CAGR of 6.3% during the forecast period, making it one of the fastest growing markets across South Asia.
- Germany is likely to remain at the top of the ladder in the Europe industrial food milling machine market during the forecast period, owing to the rising demand for packaged and ready-to-eat food products and heavy presence of leading manufacturers
- Online segment is likely to grow at the highest pace during the forecast period, owing to the increasing penetration of online shopping platforms and rising consumer inclination towards purchasing these food processing machines through online mode.
- Overall market for industrial food milling machine will grow at a CAGR of 4.9% during the forecasted period.
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The increasing popularity of home-based businesses. This is because people are becoming more aware of the benefits of eating healthy, homemade foods. To meet this demand, manufacturers are offering more compact and easy-to-use machines that can be used in small kitchens.
Who is winning?
Players in the market are constantly innovating and introducing new products to stay ahead of the competition. Some of the key players in the industrial food milling machine market are FRITSCH GmBH, FUCHS Maschinen AG, Glen Mills Inc. These companies have a strong presence in the market and are constantly introducing new products to meet the ever-changing needs of their customers.
Get Valuable Insights into Industrial Food Milling Machine Market
FMI, in its new offering, provides an unbiased analysis of the Industrial Food Milling Machine equipment market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033).
The study divulges compelling insights on the demand for Industrial Food Milling Machine equipment based on Product Type (Rice mill, corn mill, wheat flour mill, roll flour mill, food processing, spices mill, grain mill, cereals mill), by Application (commercial, industrial purpose), by distribution channel (online, offline) By region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).
Industrial Food Milling Machine Market by Category
By Product Type:
- Rice Mill
- Corn Mill
- Wheat Flour Mill
- Roll Flour Mill
- Food Processing Mill
- Spices Mill
- Grain Mill
- Cereals Mill
By Application:
- Commercial Purpose
- Industrial Purpose
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
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