Artificial Intelligence in Food & Beverages Market is expected to undergo a CAGR of 43.53% during the forecast period 2021 to 2028.
Analysis and Insights 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.
Artificial Intelligence in Food & Beverages Market Scope
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.
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Artificial Intelligence in Food & Beverages Market Country Level Analysis
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).
Competitive Landscape and Artificial Intelligence in Food & Beverages Market Share Analysis
The 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, global presence, production sites and facilities, production capacities, 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.
Key Players Artificial Intelligence in Food & Beverages Market
- 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
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Artificial Intelligence in Food & Beverages Market by Product & Procedure type
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