Gigantic growth in Food Automation Market 2021- Know the Analysis and Trends.

A comprehensive research study titled Food Automation Market has recently been added by Absolute Markets Insights to its extensive repository. The statistical data is compiled by means of qualitative and quantitative research methodologies which help to make informed business decisions. The report also sheds light on the different dynamics of the business such as drivers, restraints, and opportunities. Additionally, it also offers analytical data of trading attributes like local consumption, global consumption, import, and exports. The base year considered for the study is 2015-2030 and the forecast period for this publication is 2021-2030. The entire demand-supply chain has also been exclusively examined by researchers.

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The food automation market is witnessing a notable growth. Primary reason for this is rising demand for ready-to-eat and packaged food as well as beverages. The requirement for food automation varies as per the business requirements. On one and where a carbonated beverage company uses automation technology for beverage production as well bottling, a bakery plant may use the technology for dough preparation, product processing as well as packaging. The use of food automation and robot operating systems makes food processing and packaging easier as well as increases productivity and food safety.

In terms of revenue, the global food automation market stood at around US$ 9,247.1 Mn in 2018 and is anticipated to reach US$ 16,674.4 Mn by 2027, expanding at a CAGR of 6.8% during the forecast period.

Some of the major market players operating in the food automation market are ABB Group, Benchmark Automation LLC, Emerson Electric Co., FANUC CORPORATION, Fortive, GEA Group Aktiengesellschaft, Kollmorgen.

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Key Findings:

• On the basis of food industry, the beverages segment was relatively larger in 2018 and will grow at a higher of CAGR 7.8% during the forecast period.

• On the basis of application, the packaging segment accounted for the largest market share in 2018 and will grow at CAGR 7.7% during the forecast period.

• In global food automation market, Europe has the largest market share. The region held a share of 37.15% in 2018 owing to significant presence of food, confectionery and bakery companies.

• Some of the major market players operating in the food automation market are ABB Group, Benchmark Automation LLC, Emerson Electric Co., FANUC CORPORATION, Fortive, GEA Group Aktiengesellschaft, Kollmorgen, Matrix Technologies, Inc, McEnery Automation, Mitsubishi Electric Corporation, NORD Drivesystems Pvt. Ltd. Olympus Automation Limited, Premier Automation, Rexnord Corporation, Rockwell Automation Inc, Schneider Electric, Siemens AG, YASKAWA Electric Corporation, Yokogawa Electric Corporation amongst others.

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Global Food Automation Market:

By Offerings
o Solutions
o Services

By Food Industry Type
o Dairy
o Bakery and Confectionary
o Grains and Oils
o Meat and Poultry
o Beverages
o Meat Substitutes
o Pet Food
o Dairy Alternatives

By Application
o Processing
o Packaging
o Palletizing
o Picking
o Sorting
o Bio packaging
o Others

By End Users
o Food Manufacturers
o Logistics Providers
o Others

By Region
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
o Benelux Union
 Belgium
 The Netherlands
 Luxembourg
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o New Zealand
o Australia
o South Korea
o Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East and Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America

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