Grain Processing Equipment Global Market Report 2024

Grain processing equipment refers to machinery or tools utilized for the processing of various types of grains. The grain processing itself is a physical procedure involving activities such as cleaning the kernels, adjusting moisture content to an appropriate level, and mechanically sizing the grains to the required dimensions. The processed grains are then used to produce products primarily intended for human or animal consumption.

The main types of machines in grain processing equipment are categorized into pre-processing and processing. The pre-processing segment involves the manufacturing of equipment for handling different grains before the actual processing. This includes tasks such as removing foreign particles like stones, immature grains, and other impurities prior to the main processing phase. These machines operate in various modes, including automatic and semi-automatic, and find applications in activities such as cleaning, grading, handling, coating, and drying. The distribution of grain processing equipment occurs through multiple channels, encompassing both online and offline methods.

The grain processing equipment market research report is one of a series of new reports that provides grain processing equipment market statistics, including grain processing equipment industry global market size, regional shares, competitors with a grain processing equipment market share, detailed grain processing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the grain processing equipment industry. This grain processing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The grain processing equipment market size has grown strongly in recent years. It will grow from $4.86 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth observed in the historic period for grain processing equipment can be attributed to several key factors. These include increases in the global population and food demand, growth in the food and beverage processing industry, the need for efficient grain cleaning and sorting processes, rising demand for processed grains in animal feed production, and the expansion of commercial bakeries and flour mills. These factors collectively contributed to the demand for advanced grain processing equipment during the historic period, aligning with the evolving dynamics of the food and agriculture sectors.

The grain processing equipment market size is expected to see strong growth in the next few years. It will grow to $6.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period for grain processing equipment can be attributed to several factors. These include the increased adoption of automation and robotics in grain processing, a growing emphasis on sustainable and eco-friendly processing practices, the integration of IoT (Internet of Things) and Industry 4.0 technologies in grain processing operations, ongoing research and development efforts in next-generation grain processing equipment, and the expansion of specialty grain processing tailored for niche markets. Major trends expected in the forecast period include the digitalization and automation of processing lines, the implementation of advanced sorting and grading technologies, the development of energy-efficient and environmentally-friendly processing solutions, a focus on hygienic and sanitary design in processing equipment, and advancements in grain milling technology to enhance flour quality.

The anticipated growth in the global population is expected to be a significant driver for the grain processing equipment market. The rise in population directly correlates with increased food and beverage consumption, leading to heightened demand for grain-based products. According to the United Nations World Population Prospects, the global population reached 7.87 billion in July 2021 and is projected to exceed 9 billion by 2037. In tandem, India's foodgrain production is estimated to increase by 3.74% to a record 308.65 million tons in the crop year 2020–2021, as reported by The Economic Times. This surge in population serves as a key catalyst propelling the growth of the grain processing equipment market.

The growing demand in the food and beverage industry is set to drive the expansion of the grain processing equipment market. The food and beverage industry, encompassing the production, processing, distribution, and sale of food and drink products, heavily relies on grain processing equipment for functions such as milling, grinding, cleaning, sorting, drying, roasting, and packing. According to data from the Common Thread Collective, global food and beverage sales reached $506 billion in 2022 and are projected to reach $857 billion by 2025. Furthermore, Statistics Sweden reports that food and beverage sales in 2021 amounted to $30.74 billion (SEK 334 billion), reflecting a 2.9% increase, or $8.28 billion (SEK 9 billion), from 2020. This growth is attributed to a 2.5% rise in sales volume and a 0.4% increase in food and beverage prices. The escalating demand within the food and beverage industry serves as a driving force for the grain processing equipment market.

A noteworthy trend in the grain processing equipment market is the adoption of near-infrared (NIR) spectroscopy. This technology holds immense potential in agricultural applications, especially in grain production. NIR spectroscopy is utilized to measure protein levels and equivalent nitrogen values in grains, enabling the management of plant health, disease detection, and monitoring of grain development. For instance, BoMill AB, a Sweden-based machinery company, installed its NIR-T technology grain sorter IQ in the pre-cleaning grain processing plant of JSC Metelitca in April 2021. This technology empowers JSC Metelitca, a grain processing and production company, to deliver high-quality grain products through advanced sorting capabilities. The application of NIR spectroscopy represents a rising trend that contributes to the innovation and efficiency of grain processing equipment.

Major players in the grain processing equipment market are actively engaged in developing innovative products to cater to the evolving needs of grain producers, exemplified by the introduction of the Fusion Series. This series, launched by Mathews Co., a US-based agricultural equipment manufacturer in July 2021, represents a cutting-edge mixed-flow dryer designed for longevity and optimal drying performance. Equipped with features such as a welded base, Pinnacle 20|20 controls, and M-C Trax remote monitoring and control, the Fusion Series incorporates smartFlow technology and high-efficiency burners. Notably, it outperforms previous models in terms of efficiency and reliability, offering advanced features that empower producers to enhance their operations.

In a strategic move announced in March 2022, McArthur Agriculture, a UK-based company specializing in the design, construction, and maintenance of grain processing and storage systems, disclosed plans to acquire BDC Systems Ltd. This acquisition is poised to strengthen the post-harvest sector by combining the expertise of two leading players. BDC Systems Ltd., based in Ireland, is recognized for providing a comprehensive range of equipment for grain drying, cleaning, storing, handling, ventilating, milling, and mixing. The acquisition ensures the continued delivery of proven solutions to meet the diverse needs of farmers within the post-harvest sector, underlining the commitment to innovation and excellence in the grain processing equipment market.

Major companies operating in the grain processing equipment market include Alvan Blanch Development Company Limited, Osaw Agro Industries Private Limited, WESTRUP A/S, Golfetto Sangati S.r.l., PETKUS Technologie GmbH, Lewis M. Carter Manufacturing LLC., Satake USA Inc., Forsberg Agritech Pvt. Ltd., Lianyungang Huantai Machinery Co. Ltd., Zhengzhou VOS Machinery Equipment Co. Ltd., Corbion NV, Monsanto Company, Ganesh Engineering Works, Bühler AG, Satake Corporation, Ag Growth International Inc., Cimbria A/S, Grain Systems Inc., Hefei Taihe Optoelectronic Technology Co. Ltd., Milltec Machinery Pvt Ltd., Muyang Holdings Co. Ltd., Seedburo Equipment Company Inc., Synmec International Trading Ltd., Walinga Inc., Akyurek Technology, ArrowCorp Inc., Bratney Companies, Crippen Northland Superior Supply Co. Inc., Flaman Group of Companies, Grain Cleaning LLC, Nor-Ag Ltd., Oliver Manufacturing Co. Inc.

Asia-Pacific was the largest region in the grain processing equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grain processing equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the grain processing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The grain processing equipment market consists of sales of milling machines, roots blowers, feed hoppers, conveying pipes, grain/malt storage silos, and pre-cleaner chain conveyors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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