According to the recent FMI report, the market size for Maize Milling Machine is anticipated to cross a value of USD 1,895.3 million in 2033, growing at a CAGR of 4.4% approximately between 2023 and 2033. The market is valued at US$ 1232.2 million as of 2023.
Maize is used in animal feed because it is quite nutritious. Aside from that, doctors prescribe some drugs that include a significant amount of maize to cure a few deficits. As a result, the constantly expanding animal feed business and healthcare sector represent enormous prospects for the maize milling machine market.
Manufacturers from different industries are particularly drawn to these machines’ capacity to function with little or no human intervention. As a result, they can be assigned to other vital jobs. This could boost demand for maize milling machines during the forecast period.
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Apart from that, these are available in a number of shapes and sizes, which allows the businesses to make right decisions.
The fine form of maize that is obtained from maize milling machine is also used in alcoholic beverages as these are rich in carbohydrate. Thus, a burgeoning alcoholics beverages market is expected to increase the sales of maize milling machine during the forecast period.
The major factor driving the growth of the market is the increasing demand for processed food, which has resulted in the need for efficient and modern machines for processing grains. The other factors that are expected to contribute to the growth of the market are the growing population and changing lifestyles.
Thus, from the insights obtained from FMI, it can be inferred that, “a surging animal feed market and hospitality sector, coupled with the ability to operate with minimum human interference and to be available in a number of shapes and sizes is expected to surge the maize milling machine market during the forecast period.”
Key Takeaways:
- During the projection period 2023-2033, the maize milling machine market is expected to grow at a CAGR of 4.4%.
- The market is expected to reach a valuation of US$ 1,895.3 Mnby 2033.
- The market is valued at US$ 1232.2 million as on 2023.
- USA contributes nearly 34.2% of the total income in the North America region
- Maize milling machine market is developing in North America due to the high demand for corn products. The machines are used to process corn into cornmeal, flour, and other food products. The market is expected to grow due to the increasing demand for corn products in the region.
- Asia pacific region is proving to be an emerging market for maize milling machine market.
- Europe is currently one of the most significant markets.
- Germany occupies nearly 25.1% of the market in the Europe region.
- The UK market is expected to grow at a CAGR of 6.4% during the forecast period.
- Japan contributes 6.6% of the total market share.
- North Korea and Japan are expected to be one of the most dominant markets.
Competitive Landscape
The key players operating in the maize milling machine market are mainly focusing on developing strategic partnerships with players from other niches. Apart from that, the focus is also on investing huge amounts in Research and development to improvise on the current quality.
In February 2022, Buhler AG announced that the company increase the order intake by 16%.
Key Companies Profiled
- Buhler AG,
- CPM Roskamp Champion Inc.,
- Allance Pellet Machinery Co., Ltd.,
- Zhengchang Group Co., Ltd.,
- ANDRITZ AG,
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Segmentation of Maize Milling Machine Market
By Type:
- Stone Mills
- Plate Mills
- Roller Mills
- Hammer Mills
By Application:
- Animal Feed Industry
- Flour Milling Industry
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
- RoW
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