LONDON--(BUSINESS WIRE)--The new industrial food milling machines market research report from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the rise in use of milling machines in the food industry”, says a senior analyst for Industrials at Technavio. As the markets recover Technavio expects the industrial food milling machines market size to grow by USD 77.90 million during the period 2020-2024.
Industrial Food Milling Machines Market Segment Highlights for 2020
- The industrial food milling machines market is expected to post a year-over-year growth rate of -4.02%.
- Based on the product, the roller mill segment led the market in 2019.
- The market growth in the segment will be significant over the forecast period.
Regional Analysis
- 35% of the growth will originate from the North America region.
- The market growth in North America is driven by the rising demand for flour.
- The US and Canada are the key markets for industrial food milling machines in North America.
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Notes:
- The industrial food milling machines market size is expected to accelerate at a CAGR of almost 3% during the forecast period.
- The industrial food milling machines market is segmented Product (Roller mill, Hammer mill, Pin mill, Air classifier mill, and Others) and Geography (North America, Europe, APAC, South America, and MEA).
- The market is fragmented due to the presence of many established vendors holding significant market share.
- The research report offers information on several market vendors, including Alapala, American Milling Group LLC, AVEKA Inc., Brabender GmbH & Co. KG, Buhler AG, Hosokawa Micron Corp., IKA-Werke GmbH & CO. KG, KRONES AG, ProXES GmbH, and SPX FLOW Inc.
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