Categories: Market Research

Rice Polisher Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Rice Polisher Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s 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 in the historic period can be attributed to economic growth in rice-producing regions, mechanization in agriculture, improvements in rice quality standards, rise in rice consumption, 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 growth in the forecast period can be attributed to focus on quality and consistency, automation and efficiency, market demand for premium rice, investment in modern rice mills, precision polishing for different varieties.. Major trends in the forecast period include smart maintenance and predictive analysis, focus on user-friendly interfaces, rice processing automation lines, enhanced polishing techniques, mobile and remote monitoring capabilities..

The rising rice consumption is expected to propel the growth of the rice polishers market going forward. Rice consumption refers to the amount of rice consumed by a population within a specific time frame measured in weight or volume. Rice polishers are used in rice mills and are involved in the rice processing steps to transform raw harvested rice into polished white consumable rice. For instance, in October 2021, according to United States Department of Agriculture, a US-based federal executive department, the global rice production was increased by 2.8 million tons to reach 510.7 million tons in 2021 and the rice consumption increased by 9.3 million tons to reach 512. million in 2021. Therefore, rising rice consumption is driving the growth of the rice polishers market.

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The rice polisher market covered in this report is segmented –

1) By Type: Vertical Rice Polishers, Horizontal Rice Polishers, Other Rice Polishers

2) By Capacity: 1 – 10 Ton, 10 – 20 Ton, More than 20 Ton

3) By Source: Wheat, Corn, Other Sources

4) By End-User: Rice Mills, Food Processing Companies, Other End-User

Major companies operating in the rice polishers market are increasing their focus on developing innovative technologies, such as integrated intelligent solutions, to drive their revenues in the market. Integrated intelligent technologies refer to integrating various technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), to create intelligent systems that can learn, adapt, and make decisions. For instance, in March 2021, Bühler Holding AG, a Switzerland-based equipment manufacturer for food, launched the first rollout of integrated rice mills for rice polishers. The integrated rice initial arrangement consists of a sorter, a whitener, and sensors. It combines machine learning and artificial intelligence to create a single intelligent, integrated system from standalone equipment for integrated rice mills. It helps in every rice and paddy production step, including pre-cleaning, storage, drying, rice hulling, polishing, and optical sorting.

The rice polisher market report table of contents includes: