Rice Polisher Global Market Report 2024

The rice polisher market size has grown strongly in recent years. It will grow from $1.3 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth observed in the historical period can be attributed to economic growth in rice-producing regions, the mechanization of agriculture, improvements in rice quality standards, an increase in rice consumption, and the modernization of rice mills.

The rice polisher market size is expected to see steady growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth in the forecast period can be attributed to a focus on quality and consistency, efforts toward automation and efficiency, market demand for premium rice, investments in modern rice mills, and precision polishing techniques for different rice varieties. Major trends expected in the forecast period include the implementation of smart maintenance and predictive analysis, a focus on user-friendly interfaces, the establishment of rice processing automation lines, advancements in polishing techniques, and the integration of mobile and remote monitoring capabilities.

The anticipated increase in rice consumption is set to drive the growth of the rice polishers market in the coming years. Rice polishers play a crucial role in the rice processing chain within mills, refining raw harvested rice into polished white rice suitable for consumption. According to the United States Department of Agriculture's data from October 2021, global rice production reached 510.7 million tons in 2021, with rice consumption rising to 512 million tons. This upswing in rice consumption is a key factor propelling the expansion of the rice polishers market.

The growth of the rice polishers market is further fueled by the expanding scope of agriculture. Agricultural expansion involves increasing cultivated land or intensifying agricultural activities to meet the rising demand for food and other agricultural products. Rice polishers contribute to enhancing the commercial viability of rice production and processing, potentially encouraging the expansion of agricultural endeavors. Notably, recent data from the United States Department of Agriculture indicates a 4% increase in corn cultivation in the United States, reaching 92.0 million acres in 2023. Additionally, wheat planted area in the same period increased by 9% to 49.9 million acres. Agricultural expansion is also evident in the United Kingdom, where the area used for wheat cultivation rose by 0.8% to nearly 1.7 million hectares in 2022. This increased agricultural activity is a driving force behind the growth of the rice polishers market.

The rice polisher market faces a significant restraint in the form of crop failure. Rice polishers are integral to the rice milling industry, and any disruption in the rice supply chain due to crop failure significantly impacts the market. For instance, a forecasted 2% year-over-year decline in global rice production in October 2022, coupled with drought conditions affecting China, the largest rice producer and consumer, points to potential challenges for the rice polisher market. Crop failure diminishes the availability of raw rice material, impacting the production capacity of rice mills and leading to reduced demand for rice polishing equipment.

The high cost associated with rice polishing machines poses a challenge to the market's growth. These specialized machines involve substantial investments in manufacturing and maintenance, acting as a barrier for small-scale rice millers or farmers with limited financial resources. In 2023, rice polishing machines are priced between $100 and $150,000 per set, catering to diverse budget needs. The high cost of these machines hinders the growth of the rice polisher market, particularly for smaller players in the industry.

Major companies in the rice polishers market are strategically focusing on innovative technologies to drive market revenues. Integrated intelligent solutions, encompassing technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT), are at the forefront of these innovations. For example, Bühler Holding AG launched integrated rice mills in March 2021, incorporating machine learning and artificial intelligence to create a single intelligent system for rice mills. This system covers various production steps, including pre-cleaning, storage, drying, rice hulling, polishing, and optical sorting, showcasing the industry's commitment to cutting-edge technologies.

Major companies operating in the rice polisher market report are Muyang Co. Ltd., Yanmar Co. Ltd., MILLTEC Machinery Ltd., Bühler Holding AG, Gill Agro Industries, Pavan Group, Satake Corporation, Hubei Xianliang Machinery Co. Ltd., Osaw Industrial Products Pvt. Ltd., Hindustan Group, Alaska Multi Polymers Pvt. Ltd., Amar Industries, G.S. International, Tw Grandeur Machinery Co. Ltd., F.H. Schule Mühlenbau GmbH, Hunan Sunfield Machinery Co. Ltd., Hubei Yongxiang Grain Machinery Company Limited, Anhui Jietai Intelligent Technology Co. Ltd., Jiangsu Hexi Machinery Co. Ltd., Shandong Huanhai Group Co. Ltd., Wuhan Good Rain Machinery Co. Ltd., Zhengzhou Sida Agriculture Equipment Co. Ltd., Wuhan Yating Machinery Co. Ltd., Sichuan Wanma Machinery Manufacturing Co. Ltd., Lamico nty.

Asia-Pacific was the largest region in the rice polishers market in 2023. The regions covered in the rice polisher market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the rice polisher market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The rice polishers market consists of sales of rice graders, seed polishers, and mist rice polishers. 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 main types of rice polishers include vertical rice polishers, horizontal rice polishers, and others. Vertical rice polishers are specialized machines used in rice milling that polish rice grains and remove the outer bran layers, resulting in polished white rice. These machines come in various capacities, including 1-10 tons, 10-20 tons, and more than 20 tons, and are applicable to grains such as wheat, corn, and others. End users of rice polishers include rice mills, food processing companies, and others.

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

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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