Asia Pacific to see Highest Growth Rate in Global Grain Processing Equipment Market in the coming Years
2021 - 2028 Global Grain Processing Equipment Market
The Global Grain Processing Equipment Market is accounted for $5.40 billion in 2021 and is expected to reach $8.10 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Grain processing is mainly a method in which cleaning of the grain is done, and then adjusted to the appropriate moisture content, and further, the sizing of the grains for the desired size is done mechanically. Grain processing equipment is divided into semiautomatic and automatic. Automatic machinery does not need human interfering, whereas semiautomatic machinery has functioned with the help of humans. Online segment is expected to be the largest during the forecast period, due to the rise in internet penetration, changing lifestyle, growing use of smartphones, and quick availability of a product. The North America is projected to hold the highest market share, due to technological advancements, government framework offering favorable policies, and infrastructural development offering strong distribution channels. Asia Pacific is projected to have the highest CAGR, owing to the rising population, inclination of foreign companies interested in investing in the district, growing household income of the people, and changing food preferences.
Some of the key players profiled in the grain processing equipment Market include Alvan Blanch Development Company Limited, Osaw Agro Industries Private Limited, WESTRUP A/S, Golfetto Sangati S.r.l., PETKUS Technologie GmbH, Lewis M. Carter Manufacturing, LLC, Satake USA, Inc., Forsberg Agritech (India) Pvt. Ltd., and Lianyungang Huantai Machinery Co., Ltd.
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