Global Artificial Intelligence in Food & Beverages Market, By Organization Size (Small, Medium & Large Enterprises), End-User (Food Processing, Grocery, Hotels & Beverages Industry), Application (Food Sorting, Quality Control, Consumer Engagement, Production & Packaging, Maintenance & Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Artificial Intelligence in Food & Beverages Market
Artificial intelligence in food & beverages market will grow at a CAGR of 43.53% in the forecast period of 2021 to 2028. Growing concern regarding improvement of supply chain efficiency is an essential factor driving the artificial intelligence in food & beverages market.
Artificial intelligence in food and beverages is defined as solutions which help in improving the supply chain of food & beverages industry. This solution helps in providing other way to fulfil their customers in the lower costs. The advent usage of artificial intelligence, in the food & beverages industry has offers numerous advantages such as increased efficiency and execution of product delivery and increasing food security and also reduces wastage of food.
Rising concern regarding improvement of supply chain efficiency is a crucial factor accelerating the market growth, also rising continuously adoption of advanced technology in the food & beverages industry, growing consumer preference towards affordable, easily accessible, and fast food options in the food and beverage industry, rising need for analysis of consumer buying behaviour and prediction of inventory levels to reduce food wastage, rising demand for implementation of AI for improving supply chain processes and rising requirement for automated sorting of food products are the major factors among others boosting the artificial intelligence in food & beverages market. Moreover, rising research and development activities and increasing modernization and technological advancements in the devices used to monitor artificial intelligence in food sector will further create new opportunities for artificial intelligence in food & beverages market in the forecast period mentioned above.
However, rising stringent regulatory compliances related to food and safety processes, increasing costs of upgradations of machines/equipment and rising reduction in manual labour and increase in unemployment are the major factors among others restraining the market growth, and will further challenge the artificial intelligence in food & beverages market in the forecast period mentioned above.
This artificial intelligence in food & beverages market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial intelligence in food & beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Artificial Intelligence in Food & Beverages Market Scope and Market Size
Artificial intelligence in food & beverages market is segmented on the basis of organization site, end-user and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of organization site, the artificial intelligence in food & beverages market is segmented into small and medium & large enterprises.
- Based on end-user, the artificial intelligence in food & beverages market is segmented into food processing, grocery and hotels & beverages industry.
- The artificial intelligence in food & beverages market is also segmented on the basis of application into food sorting, quality control, consumer engagement, production & packaging and maintenance & others.
Global Artificial Intelligence in Food & Beverages Market Scope Country Level Analysis
Artificial intelligence in food & beverages market is analysed and market size, volume information is provided by country, organization site, end-user and application as referenced above.
The countries covered in the artificial intelligence in food & beverages market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the artificial intelligence in food & beverages market due to increasing preparedness for high fractional increase in and adoption of replacement artificial intelligence and rising need for analysis of consumer buying behaviour and prediction of inventory levels to reduce food wastage in this region. Asia-Pacific is the expected region in terms of growth in artificial intelligence in food & beverages market due to rising concern regarding improvement of supply chain efficiency in this region.
The country section of the artificial intelligence in food & beverages market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Artificial Intelligence in Food & Beverages Market Share Analysis
Artificial intelligence in food & beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial intelligence in food & beverages market.
The major players covered artificial intelligence in food & beverages market report are GREEFA, TOMRA System ASA, Honeywell International Inc., Martec of Whitell Ltd. Sesotec GmbH, Key Technology Inc., Raytec Vision SpA, Rockwell Automation, ABB Ltd., Foodable Network, LLC. Startup Creator, Compac Sorting Equipment, Agco Corporation, National Recovery Technologies, Llc, Max-Ai, Buhler AG |, QualySense AG, Bratney Companies, BoMill AB, Milltec Clarfai, Inc., BBC technologies and INTELLIGENTX Brewing Co., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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