India Rice Milling Market Share

As per an Extensive Research Report by Market Research Future (MRFR), India Rice Milling Market Information By Equipment, By Capacity, and Region - Forecast till 2032. The India Rice Milling market industry is projected to grow from USD 230.7 Billion in 2024 to USD 308.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.7% during the forecast period (2024 - 2032). India's Rice Milling Market Size was valued at USD 222.4 Billion in 2023.

The market share India Rice Milling Market is distributed among local and international companies, with a significant presence of both large-scale and small-scale milling operations. Major players such as Satake, Buhler, and local manufacturers hold a notable share, driven by their technological expertise and extensive distribution networks. Market share dynamics are influenced by factors such as technological innovations, product quality, and the ability to meet the diverse needs of the rice milling industry.

The rice milling market in India is a crucial segment of the country’s agricultural and food processing industry. As one of the world's largest producers and consumers of rice, India plays a significant role in the global rice market. The rice milling sector in India is responsible for processing a substantial portion of the nation’s rice production, transforming raw paddy into various rice products for both domestic consumption and export.

India’s rice milling market is characterized by its diverse range of milling technologies and a large number of small to medium-sized milling units. The sector includes traditional rice mills as well as modern, high-tech milling facilities. The primary objective of rice milling is to remove the husk and bran layers from the paddy, resulting in white rice, which is more desirable for consumption. The market also involves the production of rice by-products such as rice bran oil, rice flour, and broken rice.

 

Market Competitive Landscape:

  • Buhler Group
  • MilTECH Machinery Private Ltd
  • Satake Group
  • Savco Sales Pvt. Ltd
  • Fowler Westrup
  • Hubei Bishan Machinery Co Ltd.
  • Adani Wilmar Limited
  • Mill Master Machinery Pvt Ltd.
  • GS International

Market Segmentation

The types of rice milling machinery in India include Length Grader Machinery, Paddy Separator Machinery, Rice Whitening Machinery, Pre-Cleaner Machinery, and more.

Capacity-wise segments are 1 to 10 Ton, 10 to 20 Ton, and More Than 20 Ton.

Market USP Covered:

Market Drivers:

Over half of India’s population depends on rice as their main food source and the majority of it is grown in the country. Although there are four main types of rice: Japonica, Indica, Aromatic (Jasmine and Basmati), and Glutinous rice, there are many more specialty types of rice that are grown all over the world.

The market for India rice milling is expanding due to consumer demand for certified equipment. This is so that it can meet the increasing demand for rice, which requires high-quality rice processing, which is ensured by certified machinery. Since rice is a staple food across India, there will likely be a continued high demand for it shortly.  

Due to the growing demand for rice brought about by population growth, numerous rice processing facilities opened new rice mills, spurring market expansion. India ranks among the top exporters of rice and is the biggest producer and exporter of Basmati rice. One of the oldest agro-processing industries in the nation is rice milling. 

Market Restraints:

A lack of warehouse space, a large initial loss, and crop failure are some of the things that may threaten the rice milling industry.

Country Insights

India has witnessed a surge in investments towards the modernization and upgrading of rice mills, with the government and private sector contributing significantly to the advancement of technology in rice mill machinery. Notably, businesses like Buhler India have committed large sums of money to bring better technology to the market.

The modernization of food processing facilities, including rice mills, has received active support from the Indian government as well. The government contributes financially by paying 25% of the price of technical civil works as well as plant and machinery. The financial assistance is capped at INR 50 lakhs, and in challenging regions such as Jammu & Kashmir, Himachal Pradesh, and Sikkim, it goes up to 33% and a maximum of INR 75 lakhs.

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