During the projected period (2023-2033), the global oil mill machine market is expected to grow at a CAGR of 4.0%. The market is estimated to surpass US$ 3,716.7 Million by the end of 2033 from a valuation of US$ 2,510.8 Million in 2023.
Oil mill machine market is growing day by day as the demand for edible oils is increasing. The machines are available in different sizes and capacities to meet the changing needs of the customers. The latest trend in the market is the use of these machines for processing different types of oils such as olive oil, palm oil, coconut oil, etc. These machines have made it possible to process large quantities of oil at a time, thus reducing the time and labour required for manual processing.
The oil mill machine market is constantly evolving as new technologies and products are developed to meet the needs of consumers. Increased demand for healthy and organic products: As people become more health-conscious, they are increasingly looking for healthy and organic options, even when it comes to cooking oils. This has created a demand for oil mill machines that can produce healthier oils.
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Newer models of oil mill machines are now able to extract oil more efficiently, using less energy and producing less waste. This has made them more popular with both consumers and producers.
Key takeaways from Oil milling machine market
- sunflower oil mill segment is anticipated to remain at the forefront in the next ten years. Increasing consumption of healthy cooking oil and frying oil among food manufacturing companies, as well as households is set to drive the segment.
- Increasing popularity of home-based production More people are interested in producing their own oils at home, using an oil mill machine.
- The global oil mill machine market is forecast to grow at a CAGR of 4.0% during the period from 2023 to 2033.
- rising use of sunflower oil to make vegan spreads, cheese, and mayonnaise would push sales of oil mill machines.
The rising health consciousness among consumers is one of the major factors driving the growth of the oil mill machine market. The growing awareness about the health benefits associated with the consumption of healthy oils such as olive oil and coconut oil is expected to boost the demand for these products over the forecast period. The increasing disposable incomes and changing lifestyle patterns are also some of the other factors fuelling the growth of this market.
Who is winning?
Quality is often the deciding factor when it comes to purchasing an oil mill machine. Consumers want machines that will produce oil that is free of impurities and has a consistent quality. Price is also a major factor, as consumers are looking for machines that offer good value for money.
The competition in the oil mill machine market is intense, with a large number of players operating in it. Some of the leading companies in the market are ANDRITZ Group, Alfa Laval, Durand Group, and GEA Group. These companies hold a significant share in the market due to their strong product offerings and wide geographical reach.
Get Valuable Insights into Oil mill machine Market
FMI, in its new offering, provides an unbiased analysis of the Oil mill machine market presenting historical demand data (2018-2023) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Oil mill machine market based on by Product Type (Groundnut Oil Mill, Sunflower Oil Mill, Mustard Oil Mill, Sesame Oil Mill, Soybean Oil Mill, Almond Oil Mill, Avocado Oil Mill), Mode of Operation (Semi-Automated, Automated), Application (Commercial, Industrial
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Oil Mill Machine Market Outlook by Category
By Product Type:
- Groundnut Oil Mill
- Sunflower Oil Mill
- Mustard Oil Mill
- Sesame Oil Mill
- Almond Oil Mill
- Avocado Oil Mill
- Soybean Oil Mill
By Mode of Operation:
- North America
- Latin America
- East Asia
- South Asia
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