Artificial Intelligence (AI) in Food & Beverages Market Competitive Analysis, Future Prospects and Growth Forecast 2025: Raytec Vision SpA, Rockwell Automation Inc., ABB Ltd, Honeywell International Inc

The Artificial Intelligence (AI) in Food & Beverages Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Artificial Intelligence in Food and Beverages Market is expected to register a CAGR of over 65.3% during the forecast period (2020 - 2025). 

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Competitive Landscape:

Top Companies: Raytec Vision SpA, Rockwell Automation Inc., ABB Ltd, Honeywell International Inc., Key Technology Inc., TOMRA Sorting Solutions AS, GREEFA, Sesotec GmbH, Martec of Whitell Ltd, NotCo

Industry News and Updates:

In August 2018, Key Technology introduced VERYX digital sorters for fresh-cut leafy greens. VERYX is the worlds only belt-fed sorter that can inspect product entirely in-air with top and bottom sensors, in order to detect and eliminate all foreign materials (FM) and product defects. By combining Keys expertise in sorting and conveying, these integrated VERYX systems are specifically designed to handle the challenges of sorting leafy greens.

Key Market Trends:

The market for AI in food and beverage sector is growing in North America, with the United States leading the way. North America held a market share of 29.1% in 2017, which is second-largest region for AI in the food and beverage market.
In North America, the readiness for adoption and high fractional increase in replacement AI are the leading drivers of their economic impact, which reflects the regions leading stance on AI and its implementation, and also the high automation potential that is expected to occur at the regional level, between now and 2030.Besides, food processing is one of the major manufacturing sectors in the United States. According to the United States Department of Agriculture, 16% of value of shipments from all the US manufacturing plants comes from the food processing plants.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Artificial Intelligence (AI) in Food & Beverages Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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