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AI In Beauty And Cosmetics Market Analysis By Top Players And Regional Outlook 2023 - 2032 | Raytec Vision S.p.A., Rockwell Automation Inc., ABB Ltd., Honeywell International Inc., TOMRA Sorting Solutions AS
AI In Food And Beverages Market Size
The Business Research Company's AI In Food And Beverages Global Market Report 2023 identifies growing number of startups in food and beverages as the major driver for the AI In Food And Beverages market's growth in the forecast period. A food and beverage startup refers to a brand-new company operating in the food industry that brings innovation into the space by creating new food processing solutions, improving food delivery, and eliminating food waste. AI in food and beverage helps startups by analyzing the prevalent customer demands and desires and extracting useful insights pertaining to their needs that help to develop products.
The global AI in food and beverages market size is expected to grow from $4.46 billion in 2022 to $6.53 billion in 2023 at a compound annual growth rate (CAGR) of 46.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI in food and beverages market size is expected to reach $27.99 billion in 2027 at a CAGR of 43.9%.
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Major competitors in the AI In Food And Beverages market are Raytec Vision S.p.A., Rockwell Automation Inc., ABB Ltd., Honeywell International Inc., TOMRA Sorting Solutions AS, Sesotec GmbH, Martec of Whitell Ltd., Key Technology Inc., Greefa, Sight Machine Inc., Foodable Network LLC, Compac Sorting Equipment Ltd., Agco Corporation, National Recovery Technologies LLC, Max-AI, Buhler AG, QualySense AG, BoMill AB, Clarifai Inc., BBC technologies, and Intelligent X Brewing Co.
A key trend in the AI In Food And Beverages market includes technological advancement. Companies operating in the AI in food and beverages market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Tastewise, an Israel-based software company launched TasteGPT, a chatbot technology. The chatbot is intended to speed up productivity for the company's clients, which includes brands while cutting down on research and development periods.
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The AI In Food And Beverages market is segmented -
By Type: Hardware, Software
By Organization Size: Small Enterprises, Medium And Large Enterprises
By Application: Food Storing, Consumer Engagement, Quality Control, Safety Compliance, Production And Packaging, Maintenance, Other Applications
By Marketing Channel: Traditional Marketing Channel (Offline), Online Marketing Channel
By End User: Hotels And Restaurants, Food Processing Industries, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI In Food And Beverages market.
The Business Research Company's "Global AI In Food And Beverages Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AI In Food And Beverages Market Include:
1. Executive Summary
2. AI In Food And Beverages Market Characteristics
3. AI In Food And Beverages Market Trends And Strategies
4. AI In Food And Beverages Market - Macro Economic Scenario
5. AI In Food And Beverages Market Size And Growth
……
26. Africa AI In Food And Beverages Market
27. AI In Food And Beverages Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI In Food And Beverages Market
29. AI In Food And Beverages Market Future Outlook and Potential Analysis
30. Appendix
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