Global Industrial Seed Oil Extraction Machine Market – Introduction
- An industrial seed oil extraction machine is designed for the production and extraction of oil from seeds. The oil extraction machine is equipped with various components comprising body, gear assembly, cage bar, pressing worms, main shaft, electric motor, and cake outlet. The seed oil extraction machine continuously feeds and crushes oilseeds & nuts to extract the oil out of it. The machine is capable of extracting oil from different vegetables, seeds, and nuts such as coconut, sesame, sunflower, canola, soybean, mustard, safflower, groundnut, cottonseed, and castor seed. COVID-19 has impacted the sale of industrial seed extraction machines in the year 2024 as most countries are in the phase of lockdown and some manufacturing facilities are still not functional.
Increase in production and export of edible oil projected to be a driving factor for the industrial seed oil extraction machine market
- Rapid increase in production and export of oil extracted from vegetables, peanuts, almond, and sunflower etc. from China, India, and various developing economies of the world is projected to be a major driving factor for the industrial seed oil extraction machine market. As the scale of production of edible oil increases, demand for automatic industrial seed oil extraction machines is also projected to rise during the forecasted timeline. Automatic industrial seed oil extraction machines save energy, and reduces land occupation and labor consumption. These factors are likely to increase the overall profitability of the business.
High Cost of Industrial Seed Oil Extraction Machines Hampering Growth of the Market
- High cost of industrial seed oil extraction machines is one of the major factors hampering the growth of the market. Today, electronic equipment has become more susceptible to overvoltage and voltage fluctuation; this is driving the adoption of automatic industrial seed extraction machines to prevent costly services, and to provide reliable operations.
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Asia Pacific Considered the Dominant Market for Industrial Seed Oil Extraction Machines
- Geographically, the global industrial seed oil extraction machine market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Asia Pacific is the prominent market for industrial seed oil extraction machines and is anticipated to expand at a significant growth rate during the forecast period due to rapid increase in production of edible oil, and increase in demand for oil extracted from almond, mustard, coconut etc., which is projected to drive the demand for industrial seed oil extraction machines in China, India, Korea, Japan, Bangladesh, and other Southeast Asian countries.
- The market in North America is also anticipated to grow at a moderate rate during the forecast period due to rise in usage of advance technologies in manufacturing industrial seed oil extraction machines in the U.S., Canada, and Mexico, which is estimated to impact the sales of the machines in the near future.
Key Players Operating in the Industrial Seed Oil Extraction Machine Market
Prominent industrial seed oil extraction machine companies are likely to experience healthy competition during the forecasted timeline. Brands such as French Oil Mill Machinery Co., Gorek Technologies, and Seed2Oil are producing industrial seed oil extraction machines using advance technology and planning to incorporate more innovative features to the machine. Companies are also undertaking mergers & acquisitions or signing agreements with regional distributors and dealers to expand their business in various parts of the globe. Some of the key players operating in the global industrial seed oil extraction machine market include:
- ColdPressTech
- Crown Iron Works
- French Oil Mill Machinery Co.
- Gorek Technologies
