Forecasts indicate that as greater emphasis is put on the creation of unique, value-added cereal flakes with cutting-edge flavours, the global market for flakes making machines may grow. The COVID 19 pandemic has disrupted the value chain and forced governments to close down marketplaces, offices, and other facilities. The supply of raw materials for flakes-making equipment has been impacted as a result.
At a compound annual growth rate (CAGR) of 5.1% from 2023 to 2033, the flakes manufacturing machine market, which was projected to be worth US$ 905 Mn in 2023, is anticipated to expand to US$ 1485 Mn by that year.
What are the main driving forces behind the market for flakes making machines?
It is projected that the key factor driving demand for flakes manufacturing machines will be the enormous increase of the ready-to-eat food market in emerging economies. An rising worldwide population is moving toward a hectic lifestyle, which has greatly boosted the demand for ready-to-eat and easy-to-make meals. After a long day at work, the allure of not having to cook meals is too seductive.
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Thanks to fashion and the economics, packaged and wholesome food consumption has dramatically increased in the past. Due to the change in dietary patterns and the increasing demand for flakes, the market for flakes producing machines could see significant growth in the years to come rise in the consumption of processed foods.
Key Players
- Agrinnovate
- WinTone Grain Machinery
- Buhler
Increased Per Capita Income and Population Growth Drive the Food and Beverage Sector
The population, which reached 7.12 billion in 2013 and is projected to reach 9.6 billion by the end of 2050, is growing quickly, according to the United Nations.
The fundamental reason for exponential population expansion is an increase in life expectancy brought on by better nutrition and healthcare. This could result in an increase in the consumption of nutritious processed foods, which could feed the expanding market trend for flakes manufacturing machines.
As economies improve and the middle-class population grows, developing nations like India, China, and Brazil are primarily responsible for the growth of the food and beverage business.
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Key Segments
By Machine Type:
- Rice Flake Machine
- Maize Flake Machine
- Corn Flakes Machine
- Millets
- Others
By Operation:
- Automatic
- Semi-Automatic
By Sales Channel:
- Direct Procurement
- eCommerce Platforms
- Others
By Region:
- North America
- Europe
- Latin America
- East Asia
- South Asia and ASEAN
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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