Press release
Global Artificial Intelligence in Food & Beverages Market Expansion By 2026 With TOMRA System ASA, GREEFA, Honeywell International, Rockwell Automation, Foodable Network and others
This Artificial Intelligence in Food & Beverages report is a window to the AI in Food & Beverages market which explains what market definition, classifications, applications, engagements, and market trends are. The report also contains the drivers and restraints for the Artificial Intelligence in Food & Beverages market that is derived from SWOT analysis and Porter’s Five Forces and shows the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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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Global Artificial Intelligence in Food & Beverages Market, By Application (Food Sorting, Quality Control & Safety Compliance, Production & Packaging, Maintenance and Others), End-Users (Hotels& Restaurants, Food Processing Industry, Beverages Industry, and Others) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
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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