The global Artificial Intelligence (AI) in food and beverage market is expected to reach a market size of USD 62.83 Billion at a steady CAGR of 44.4% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing need for more secure and efficient production facilities in food and beverages industries. Food and beverages industries are increasingly adopting AI solutions to track costs, oversee stock levels, and maintain transparency in supply chain processes. Rising need to reduce food waste is also driving utilization of AI in the food and beverages industry. Focus on improving food safety standards and need to adhere to stringent regulations related to food quality and safety of processes is driving adoption of Artificial Intelligence in the food and beverages industry. Moreover, AI enables maintenance of high accuracy in visual inspections, detection of quality-related issues in real-time, and helps to identify the root cause of quality issues, which will also help in enhancement of production processes in future.
The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Artificial Intelligence (AI) in Food and Beverage market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.
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Market Scope:
One of the report’s central components is the broad Artificial Intelligence (AI) in Food and Beverage market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Artificial Intelligence (AI) in Food and Beverage market players.
Leading Players Profiled in the Report:
- Raytec Vision S.p.A., Rockwell Automation Inc., ABB Ltd., Honeywell International Inc., Key Technology Inc., TOMRA Sorting Solutions AS, GREEFA, Sesotec, Sight Machine Inc., and AGCO Corporation.
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Emergen Research has segmented the global Artificial Intelligence (AI) in food and beverage market on the basis of end-use, application, and region:
End-use Outlook (Revenue, USD Billion; 2021–2028)
- Hotel and Restaurant
- Food Processing Industry
- Beverage Industry
Application Outlook (Revenue, USD Billion; 2021–2028)
- Consumer Engagement
- Maintenance
- Food Sorting
- Production and Packaging
- Quality Control and Safety Compliance
- Other Application
For more credibility, the intelligence report provides valuable data on key driving forces, prominent players, emerging trends, gross margin, customer preference and profit across various regions for the forecast period, 2021-2028. To help product owners design a robust plan the study takes a closer look at the product pricing, technology innovation, key competitors, product launches, product pipeline and major driving forces.
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key questions addressed in the report:
- What are the key factors driving the global Artificial Intelligence (AI) in Food and Beverage market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Artificial Intelligence (AI) in Food and Beverage market?
- What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Artificial Intelligence (AI) in Food and Beverage market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Artificial Intelligence (AI) in Food and Beverage market size
2.2 Latest Artificial Intelligence (AI) in Food and Beverage market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Artificial Intelligence (AI) in Food and Beverage market key players
3.2 Global Artificial Intelligence (AI) in Food and Beverage size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Artificial Intelligence (AI) in Food and Beverage market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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