The worldwide commercial oil extraction machines market is predicted to increase from US$ 11.8 billion in 2023 to US$ 17.3 billion by 2033, with total sales rising at a 3.8% CAGR over the forecast period.
Increasing worldwide production and export of various types of oils is a primary driver of the global commercial oil extraction machine market, and this trend is likely to continue during the forecast period.
Commercial oil extraction machines use mechanical equipment to remove oil from source materials. These machines are becoming more common in oil mills, pharmaceutical firms, the food processing industry, and the personal care and cosmetics industries. Sales of commercial oil extraction machines will gradually increase during the predicted period as these end user sectors expand.
The increased production and export of oil from various sources, including as vegetables, nuts, almonds, and sunflowers, is likely to have a substantial impact on the market for commercial seed oil extraction equipment in India, China, and other emerging economies.
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Autonomous commercial oil extraction systems remain in great demand due to their capacity to save energy, minimise land consumption, and lower labour costs. They work in a variety of industries, including agriculture, medicines, food processing, and cosmetics. These elements are virtually certainly going to boost the company’s overall profitability.
Key Takeaways from the Commercial Oil Extraction Machine Market Study:
- By type, demand for automatic commercial oil extraction machines is likely to grow at a higher pace during the forecast period.
- Based on application, vegetable oil segment holds a significant share of the global commercial oil extraction machine market.
- North America is likely to retain its dominance in the worldwide commercial oil extraction machine market.
- Sales of commercial oil extraction machines across India are expected to grow at a steady pace during the forecast period.
- China’s commercial oil extraction machine market is anticipated to expand at a moderate CAGR through 2033.
“The growing production and export of oil across countries like China, India, and other rising economies around the world is expected to be a major driving force for the commercial oil extraction machine market during the next ten years, says a lead FMI analyst.
Who is Winning?
Leading players in commercial oil extraction machine market include Gobind Expellers Company, United Oil Mill Machinery & Spares Private Ltd., Shree Balaji Engineering Works, Shree Balaji Engineering Works, Goyum Screw Press, Goyum Screw Press, Shreeji Expeller Industries.
Get Valuable Insights into Commercial Oil Extraction Machine Market
FMI, in its new offering, provides an unbiased analysis of the Commercial Oil Extraction 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 Commercial Oil Extraction machines based on application (Vegetable Oil, Mustard Oil, Sunflower Oil, Coconut Oil, Peanut Oil, Others (Almond Oil, Sesame etc. etc.)), by Type (Semi-automatic, Automatic) by capacity (Below 25 tons/day, 25-50 tons/day, Above 50 tons/day) by end-user (Agriculture sector, Pharmaceutical industries, food processing industries, cosmetic industries) by equipment) across five major regions.
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Commercial Oil Extraction Machine Market by Category
By Type:
- Semi-automatic
- Automatic
By Capacity:
- Below 25 Ton/Day
- 25 – 50 Ton/Day
- Above 50 Ton/Day
By Application:
- Vegetable Oil
- Mustard Oil
- Sunflower Oil
- Coconut Oil
- Peanut Oil
- Others (Almond Oil, Sesame)
By End User:
- Agriculture Sector
- Pharmaceutical Industries
- Food Processing Industries
- Cosmetic Industries
By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
- South America
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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