AI in Food & Beverage Market Projected $115397.92 Million by 2026 | A report by TOMRA System ASA, GREEFA, Honeywell International, Rockwell Automation, Foodable Network and others

AI in Food market report contains market insights and analysis for food and beverage industry which are backed up by SWOT analysis. In this report, several aspects about the market research and analysis for the food and beverage industry have been underlined. This market research report acts as a great support to any size of business whether it is large, medium or small. The precise and state-of-the-art information provided via this report helps businesses get aware about the types of consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market.
AI in Food Market report provides with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning your own strategies with which you can outshine the competitors. This report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The AI In Food market report provides top to bottom analysis and estimation of various market related factors that plays key role in better decision making.

Market Analysis:
Artificial Intelligence in Food & Beverages Market is driven by increasing adoption of smart devices in the food & beverage sector which is projecting a rise in estimated value from USD 6,385.64 million in 2018 to an estimated value of 115,397.92million by 2026, registering a CAGR of 43.59% in the forecast period of 2019-2026.

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Key Market Competitors Covered in this report:
• TOMRA System ASA
• GREEFA
• Honeywell International
• Martec of Whitell
• Sesotec
• Key Technology
• Raytec Vision SpA
• Rockwell Automation
• ABB
• Foodable Network
• Startup Creator
• Compac Sorting Equipment
• Agco Corporation and more

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Market Drivers & Restraints:
• The growing concern regarding improvement of supply chain efficiency
• The continuously adoption of advanced technology in the food & beverages industry.
• Lack of technical AI experts will further hamper growth of the market.
• Lack of initial investment.

Segmentation:
By Application
• Food Sorting
• Quality Control & Safety Compliance
• Consumer Engagement (Chatbots, etc.)
• Production & Packaging
• Maintenance
End-Users
• Hotels & Restaurants
• Food Processing Industry
• Beverages Industry
Geography
o North America
o South America
o Europe
o Asia Pacific

Competitive Analysis:
Global artificial intelligence in food & beverages market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of artificial intelligence in food & beverages market for global, Europe, North America, Asia Pacific and South America.

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