The size of the global industrial graters market is anticipated to reach US$ 39.7 billion in 2022 and develop at a CAGR of 11.6% from 2022 to 2032. Growing demand for plastic industrial graters, supported by their low cost and lightweight, is anticipated to drive market expansion globally.
Industrial grater sales are predicted by FMI to reach US$ 46.2 Bn in 2032. Growth in the approaching years is predicted to be fueled by the food and beverage processing industry’s rapid transformation as a result of the strong demand for packaged and healthful food items.
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Moreover, food processing industry operators are also demanding industrial graters offering optimal durability, which is being taken into utmost consideration by manufacturers of industrial graters during product conceptualization.
Industrial Graters Market- Dynamics
Industrial Graters Market- Demand for Stainless Steel Graters Remains Intact, Plastic Graters Gain Momentum Owing to Weight & Cost Benefits
Stainless steel finds extensive applications in the food and beverage processing industry, owing to a plethora of mechanical benefits offered. The suitability and compatibility of a particular stainless steel grade can be determined based on the nature of the target application. Industrial graters made of stainless steel will continue to be in high demand, on account of their strength and durability. Specific stainless steel grades, such as 304 and 316, are employed for manufacturing containers, pipework, and food contact equipment for use in food & beverage processing applications, including industrial graters.
However, industrial graters made of plastic are also gaining immense momentum, on account of the weight and cost benefits offered. Plastics have found their place in the food & beverage processing industry equipment arena over several decades and are emerging as a viable choice for achieving significant cost savings.
High moldability is another key aspect favoring the adoption of plastics as a base material for manufacturing industrial graters. However, the ever-evolving dynamics of the food & beverage processing equipment industry will decide the fate of stainless steel and plastics- which one will be highly preferred as a base material- in the industrial graters market space.
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Industrial Graters Market- Surging Demand for Food & Beverage Processing Equipment to Fuel Growth
The ever-evolving demand for food & beverage processing equipment is likely to complement the growth of the industrial graters market. The growing demand for food & beverage processing equipment can be ascribed to the flourishing growth of the food and beverage industry.
Demand for both automatic and semi-automatic food & beverage processing industry equipment is likely to increase by leaps and bounds, as the global food and beverage processing market is set for exponential growth in the future. Industrial graters, being an integral part of the food & beverage processing industry equipment framework, is foreseen to witness strong demand during the forecast period.
However, the growth of companies operating in the industrial graters market will be closely associated with the product innovations they bring to the table and their value proposition strategies.
Industrial Graters Market- End Users Rely on Established Supply Chains for Making Bulk Purchases
Though e-commerce channels are emerging as viable platforms for making purchases, end users in the industrial graters market will continue to show a noticeable inclination toward established supply chains. Making bulk purchases at favorable deals continues to be one of the key factors encouraging food processing industry operators to prefer established supply chains.
Moreover, confidence combined with product reliability is some other factors reinforcing the hegemony of established supply chains over online channels in the industrial graters market during the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain of the global industrial graters market.
The report on the industrial graters market provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with industrial graters market attractiveness as per segments. The report on the industrial graters market also maps the qualitative impact of various factors on industrial graters market segments and geographies.
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Industrial Graters Market- Segmentation
By product type, the industrial graters market can be segmented into
- Course Grater
- Fine Grater
- Medium Course Grater
- Square Grater
- Tapered Grater
- Others
By food & beverage processing applications, the industrial graters market can be segmented into
- Dairy
- Bakery & Confectionery
- Fruits & Vegetables
- Others
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