Knife Mills Market Size Worth $1,259.05 Million By 2032 | CAGR: 5.3%

Knife Mills Market Size Worth $1,259.05 Million By 2032 | CAGR: 5.3%


The global knife mills market size is expected to reach USD 1,259.05 million by 2032, according to a new study by Polaris Market Research. The report “Knife Mills Market Share, Size, Trends, Industry Analysis Report, By Power (Less Than 50 HP, 50 to 100 HP, 100 to 250 HP, and Above 250 HP); By Capacity; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing number of people preferring home-cooked meals over restaurant food and rising demand for several kitchen appliances, including knife mills which help in preparing nutritious and healthy meals, along with the growing focus on cost-effective and efficient processing and introduction to new knife mills with advanced capabilities and features, are among the most prominent factors driving the market growth. For instance, in March 2021, Retsch introduced its new knife mill, GRINDOMIX GM 200, which is mainly employed in laboratories worldwide to homogenize food samples. The new knife mill covers a larger application range from granular products, including rice, soybeans, and rape seed.

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The rising proliferation of automation technology that is equipped with automated controls that allow operators to set precise parameters for grinding processes and enable consistent and repeatable results, reduce human error, and enhance operational efficiency coupled with the growing focus of manufacturers to develop blades with advanced geometries, specialized coatings, and optimized cutting edges to achieve efficient size reduction and minimize heat generation, are likely to impact the market positively. Now, knife mills are being equipped with various sensors and monitoring systems to provide real-time data on crucial parameters, as these sensors monitor factors such as temperature, vibration, and motor load, allowing operators to optimize machine performance, detect anomalies, and prevent potential breakdowns, leading to higher adoption of product across the globe.

Knife Mills Market Report Highlights

  • 50 to 100 HP segment held significant market share in 2022, which is mainly driven by its growing use in industrial applications like pharmaceuticals, chemicals, and recycling
  • 1001 to 1500 kg/h segment is projected to hold substantial market share over the study period, mainly due to its higher efficiency and productivity to optimize the manufacturing process for larger materials
  • Plastic segment is projected to grow at the faster rate, on account rising concern regarding the plastic waste and environmental sustainability encouraging the use of knife mills
  • Asia Pacific region dominated the global market with substantial revenue share in 2022, owing to growing rate of infrastructure development and presence of several favorable government policies supporting the market
  • The global key market players include Mill Powder Tech Solutions, IDEX Health, Fritsch, Netzsch Group, Perten Instruments, Glen Creston, and Brabender

Polaris Market Research has segmented the knife mills market report based on power, capacity, end-use, and region:

Knife Mills, Power Outlook (Revenue - USD Million, 2023 - 2032)

  • Less Than 50 HP
  • 50 to 100 HP
  • 100 to 250 HP
  • Above 250 HP

Knife Mills, Capacity Outlook (Revenue - USD Million, 2023 - 2032)

  • Less Than 500 kg/h
  • 501 t0 1000 kg/h
  • 1001 to 1500 kg/h
  • 1501 to 2500 kg/h
  • Above 2500 kg/h

Knife Mills, End-Use Outlook (Revenue - USD Million, 2023 - 2032)

  • Plastic
  • Pharmaceuticals
  • Food & Beverages
  • Chemicals
  • Minerals

Knife Mills, Regional Outlook (Revenue - USD Million, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

 

Knife Mills Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 793.05 million

Revenue forecast in 2032

USD 1,259.05 million

CAGR

5.3% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Power, By Capacity, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Fritsch GmbH, Hosokawa Micron Group, Netzsch Group, Buhler AG, IKA-Werke GmbH & Co. KG, Mill Powder Tech Solutions, Neue Herbold, Defino & Giancaspro, IDEX Health & Science Inc., Glen Mills Inc., Brabender GmbH & Co. KG, Perten Instruments AB, Glen Creston Ltd., and Fritsch Mining & Sizing Inc.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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