According to a newly published Future Market Insights (FMI) report, the portable milling machine market is anticipated to cross a valuation of US$ 1,865.0 Million in 2033, growing at a CAGR of 4.7% approximately between 2023 and 2033. The market is estimated to exceed US$ 1,178.2 Million by the end of 2023.
As per FMI, a portable milling machine market is considered to be an ideal addition to any hotel and restaurant. This type of machine is also expected to be suitable for small to medium sized restaurants that contain limited space in their working areas.
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Moreover, increasing awareness about the benefits of functional flours is set to drive the demand for portable wheat milling machines in the next ten years. Apart from improving nutritive value, these types of flours provide enhanced mouthfeel, moisture retention, texture, flavor, and versatility. These are mainly related to premium product lines.
Key Takeaways from the Portable Milling Machine Market Study:
- India portable milling machine market is expected to grow at 4% CAGR between 2023 and 2033.
- Japan portable milling machine market is anticipated to hold a share of around 8% in the forecast period.
- Germany portable milling machine market is likely to capture a share of around 8% and be valued at US$ 268.6 Million in the evaluation period.
- The United States portable milling machine market is set to be valued at US$ 403.0 Million in the next ten years and capture nearly 2% of share.
- The global portable milling machine market exhibited moderate growth rate at a CAGR of 2% amid the historical period from 2018 to 2022.
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Competition Landscape: Portable Milling Machine Market
There are numerous small- and medium-sized manufacturers in the global portable milling machine market, which has led to its highly fragmented nature. With the introduction of new competitors, the market’s competitive environment is anticipated to intensify in the next ten years.
To obtain a competitive edge, the market’s top competitors are concentrating on extending their geographic and product reach. Take Ingersoll Rand plc, for instance. Schlemmer GmbH, a German business that produces goods for the automobile sector, was purchased by a leading participant in the field. Ingersoll Rand plc will benefit from this purchase. To increase the variety of products it offers and solidify its position in Europe, it engaged in this acquisition.
Krones AG, GEA Group AG, Alfa Laval AB, and Tetra Pak International S.A. among others are few of the reputed companies present in the global portable milling machine market.
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Get Valuable Insights into the Portable Milling Machine Market Report
FMI, in its new offering, provides an unbiased analysis of the portable milling machine market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for portable milling machine market based on type (portable coffee milling machine, portable flour milling machine, others), by application (restaurants, hotels, cafes, household use), and by region (North America, Europe, Asia Pacific, Latin America, MEA, RoW).
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