Global Grain Processing Equipment market size 2024, Forecast To 2033

The grain processing equipment market has experienced strong growth, increasing from $4.86 billion in 2023 to $5.22 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period is attributed to increases in the global population and food demand, growth in the food and beverage processing industry, the need for efficient grain cleaning and sorting processes, demand for processed grains in animal feed production, and the expansion of commercial bakeries and flour mills. Expecting continued strong growth in the next few years, the market size is projected to reach $6.62 billion in 2028, supported by a consistent CAGR of 6.1%. Growth in the forecast period is attributed to the adoption of automation and robotics in grain processing, emphasis on sustainable and eco-friendly processing practices, integration of IoT and Industry 4.0 technologies in grain processing, research and development in next-generation grain processing equipment, and the expansion of specialty grain processing for niche markets. Major trends in the forecast period include digitalization and automation of processing lines, advanced sorting and grading technologies, energy-efficient and environmentally-friendly processing solutions, hygienic and sanitary design in processing equipment, and grain milling technology for enhanced flour quality.