During the projected period (2023 to 2033), the global oil mill machine market is expected to grow at a CAGR of 4.0%. The market is estimated to surpass USD 3,716.7 Million by the end of 2033 from a valuation of USD 2,510.8 Million in 2023.
An oil mill machine is used to extract oil from various seeds, nuts, and beans. There are various types of oil mill machines available on the market. Each type has its own set of pros and cons. The most common type of oil mill machine is the expeller press. This type of machine is easy to use and can be operated by one person. The expeller press is also one of the most affordable types of oil mill machines.
Another popular type of oil mill machine is the screw press. This type of machine is more expensive than the expeller press owing to its higher efficiency. The screw press can be used to extract large amounts of oil from a variety of seeds and nuts. A hydraulic press is another type of commonly used oil mill machine, which is very expensive.
Increasing demand for edible oils and biodiesel is driving growth in the oil mill machine market. Rising awareness about health and fitness is also fueling the demand for healthy oils, which is expected to boost growth in the market.
Some of the major factors driving growth in the market are increasing demand for edible oils and surging awareness about the health benefits of consuming vegetable oils. Oil mill machines are extensively used to extract oil from various oilseeds such as soybean, rapeseed, sunflower seed, palm kernel, cottonseed, and others, which would aid growth.
Rising demand for cold pressed oils among various end-use industries such as animal food, food & beverages, and personal care is anticipated to drive the global market. Improved flavor and high nutritional value of cold-pressed oils would also help to augment the market.
Cold press abstraction is considered to be one of the unique procedures of mechanical extraction. Compared to the other oil extraction methods, it requires minimum energy. Cold-pressed oil also contains zero trans-fatty acids and is cholesterol-free. Hence, their demand is projected to increase in the next ten years, thereby pushing the need for oil mill machines.
Various key companies are also coming up with organic and preservative-free oil to keep up with the surging demand from health-conscious consumers. In October 2022, for instance, Emami Agrotech Ltd., an edible oil and biodiesel arm of Emami Business located in Kolkata, relaunched its popular range of edible oil brands in India named Healthy Tasty.
Emami Healthy Tasty unveiled a packaging makeover across 4 variants, namely, rice bran, sunflower, soybean, and mustard. The new packaging is set to portray premium imagery, as well as communicate the company’s naturally skewed identity.
| Attributes | Key Insights |
|---|---|
| Oil Mill Machine Market Estimated Size (2023E) | USD 2,510.8 Million |
| Projected Market Valuation (2033F) | USD 3,716.7 Million |
| Value-based CAGR (2023 to 2033) | 4.0% |
| Market Share of the USA | 32.7% |
The global oil mill machine market is expected to grow at a CAGR of around 4.0% during the forecast period from 2023 to 2033. As per FMI, the market showcased steady growth at a CAGR of 2.2% during the historical period of 2018 to 2022.
The increasing need for biodiesel to replace conventional fossil fuels in automotive and power generation applications is one of the major factors pushing sales of oil mill machines. Biodiesel is nowadays being preferred by automakers as it emits less greenhouse gas.
As per the USA Environmental Protection Agency (EPA), in 2010, industries generated around 21% of global greenhouse gas emissions. It mainly involved fossil fuels burned on-site at various facilities for energy. The sector also included emissions from mineral, metallurgical, and chemical transformation processes, which are not related to emissions from waste management activities or energy consumption.
Oil mill machines are also expected to be extensively used in the marine industry with the rising demand for biodiesel. As biodiesel is non-toxic, biodegradable, and free of sulfur & aromatics, it is projected to be demanded by the marine industry.
A number of influential factors have been identified to stir the soup in the oil mill machine market. Apart from the proliferating aspects prevailing in the market, analysts at FMI have analyzed the restraining elements, lucrative opportunities, and upcoming threats that can pose a challenge to the progression of the global market.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Development of Tight Oil Resources in the USA to Spur Sales of Oil Manufacturing Machines
Oil production in the USA is expected to grow significantly in the next ten years fueled by rising demand from the transportation and petrochemical industries. The USA is projected to lead North America, followed by Canada and Mexico. A large number of projects have been planned or are underway across the country, which will further boost demand.
As per the Center for Strategic & International Studies, the development of abundant unconventional natural gas and tight oil resources would create a historic opportunity to improve economic growth across North America. This will further help to enhance the region’s competitiveness in global markets. This factor is projected to foster sales of oil mill machines in the USA during the assessment period.
Production of Highly Durable Oil Extraction Machines in Germany to Aid Sales by 2033
Germany is considered to be the largest producer of oil mill machines in Europe. It has been dominant across the Europe market since the historical period. Various Germany-based companies are constantly producing highly durable and efficient oil mill machines that are set to be utilized by numerous countries across Europe.
The German government also provides financial support to companies that produce oil mill machines, which helps to keep their prices down. Germany is also a major exporter of oil mill machines, with most of its exports going to other European countries.
International Firms to Set Up their Oil Grinding Machine Manufacturing Facilities in China
China is considered to be a key oil mill machine producer across the Asia Pacific, says FMI. The country has a vast aging population and an increasingly affluent middle-class population. It is also rich in terms of raw materials, including oil, which is essential for industrial growth.
China is therefore set to be an attractive market for oil mill manufacturers. The easy availability of raw materials and low cost of labor in China is compelling international oil mill machine manufacturers to develop their manufacturing facilities in the country.
Demand for Sunflower Oil Milling Machines to Surge among Vegan Food Manufacturers
Based on product type, the 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. Besides, the rising use of sunflower oil to make vegan spreads, cheese, and mayonnaise would push sales of oil mill machines.
In October 2022, for instance, Ambrosia Organic Farm, which is India’s first organic firm, introduced the world’s first flavored peanut butter. It is available in two distinct flavors, namely, mango and blueberry. The company has more than 50 organic products, including sunflower oil, wild honey, rice cakes, and peanut oil. Thus, the launch of similar unique products infused with sunflower oil by key companies would propel sales of oil mill machines.
Some of the key players in the global market are United Engineering Eastern Ration LLP, Andavar Lathe Works, AGI Mill Tec, Devi Industries, Confider, Fowler Westrup, Kumar Metal Industries, Lakshmi Machineries, and SS Engineering Works among others.
The majority of the key companies are investing huge sums in research & development activities to come up with technologically advanced oil mill machines. A few other players are focusing on collaborations, joint ventures, and acquisitions of local companies to expand their product portfolios, as well as their geographic presence worldwide.
One of the leading companies providing oil mill machines include:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 2,510.8 Million |
| Projected Market Valuation (2033) | USD 3,716.7 Million |
| Value-based CAGR (2023 to 2033) | 4.0% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Product Type, Application, Mode of Operation, Region |
| Key Companies Profiled | United Engineering Eastern Ration LLP; Andavar Lathe Works; AGI Milltec; Devi industries; Confider; Fowler Westrup; Kumar Metal Industries; Lakshmi Machineries; SS Engineering Works |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The oil mill machine market size is estimated to be worth USD 2,510.8 Million by the end of 2023.
The oil mill machine market is expected to rise at a CAGR of 4.0% in the next ten years.
The North America oil mill machine market is expected to register an 38% CAGR between 2023 and 2033.
The USA, China, Canada, Germany, and Mexico are the major countries driving demand for oil mill machines.
The China oil mill machine market is projected to grow at a CAGR of 5.7% in the forecast period.
The UK oil mill machine market is estimated to grow at a CAGR of 5.3% in the evaluation period.
The India oil mill machine market is expected to grow at a CAGR of 6.3% in the assessment period.
The demand for oil mill machines in Europe is expected to grow at 32.7% CAGR in 2023.
The demand for oil mill machines in Japan is expected to grow at 8.0% in 2023.
The demand for oil mill machines in Australia is expected to grow at 2.7% in 2023.
The global oil mill machine market is set to surpass USD 3,716.7 Million by the end of 2033.
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