Global Industrial Food Milling Machines Market 2018-2022
About Industrial Food Milling Machines
Milling equipment is used for size reduction operations such as crushing, grinding, granulating, and grating in the food processing industry.
Technavio’s analysts forecast the global industrial food milling machines market to grow at a CAGR of 5.77% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial food milling machines market for 2018-2022. To calculate the market size, the report considers the global industrial food milling machines market is segmented on the basis of products into hammer mills, roller mills, pin mills, air classifier mills, ball mills, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Food Milling Machines Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial food milling machines market: Alapala, Brabender, Bühler, FrymaKoruma, Hosokawa Micron Group, and IKA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising vendors focus on reducing energy and power consumption. The increase in energy consumption has been a major area of concern for various food milling companies. It has resulted in increased operational costs. To avoid this, the key vendors of food milling machines have started offering equipment with lower energy and power consumption features.”
According to the report, one of the major drivers for this market is Growth in demand for flour. Flour consumption in the world has witnessed a very high growth over the years, owing to the increase in demand for fast food and bakery products among various classes of customers. The growing population in the world and the changing consumer dietary habits have led to the increase in demand for various food products. Flour is used as an ingredient for making different food products. There has been an increase in the consumption of flour-based products such as noodles, breads, cakes, and biscuits in many European countries.
Further, the report states that one of the major factors hindering the growth of this market is Rising prices of raw materials for milling. There has been an increase in the prices of different types of raw materials such as wheat and rice used for milling operations. For instance, in May 2017, there was an increase in the prices of rice in the US because of the floods in Arkansas, Louisiana, and California. During 2017-2018, the price is expected to increase from over $9.5 per hundredweight to over $10.5 per hundredweight. Similarly, in 2017, the prices of wheat soared across China because of the shortage in supply brought about by erratic weather conditions in the country.
Alapala, Brabender, Bühler, FrymaKoruma, Hosokawa Micron Group, and IKA.
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