Global Artificial Intelligence in Food & Beverages Market - Industry Trends and Forecast to 2028

Artificial intelligence in food & beverages market will grow at a CAGR of 43.53% in the forecast period of 2021 to 2028. Growing concern regarding improvement of supply chain efficiency is an essential factor driving the artificial intelligence in food & beverages market.
Artificial intelligence in food and beverages is defined as solutions which help in improving the supply chain of food & beverages industry. This solution helps in providing other way to fulfil their customers in the lower costs. The advent usage of artificial intelligence, in the food & beverages industry has offers numerous advantages such as increased efficiency and execution of product delivery and increasing food security and also reduces wastage of food.
Rising concern regarding improvement of supply chain efficiency is a crucial factor accelerating the market growth, also rising continuously adoption of advanced technology in the food & beverages industry, growing consumer preference towards affordable, easily accessible, and fast food options in the food and beverage industry, rising need for analysis of consumer buying behaviour and prediction of inventory levels to reduce food wastage, rising demand for implementation of AI for improving supply chain processes and rising requirement for automated sorting of food products are the major factors among others boosting the artificial intelligence in food & beverages market. Moreover, rising research and development activities and increasing modernization and technological advancements in the devices used to monitor artificial intelligence in food sector will further create new opportunities for artificial intelligence in food & beverages market in the forecast period mentioned above.
However, rising stringent regulatory compliances related to food and safety processes, increasing costs of upgradations of machines/equipment and rising reduction in manual labour and increase in unemployment are the major factors among others restraining the market growth, and will further challenge the artificial intelligence in food & beverages market in the forecast period mentioned above.
This artificial intelligence in food & beverages market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial intelligence in food & beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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