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Food Automation Global Market Report Size, Opportunities, Trends And Demand 2024-2033
Food Automation Market
Experiencing rapid expansion, the food automation market is set to surge from $13.61 billion in 2023 to $15.15 billion in 2024, showcasing an impressive Compound Annual Growth Rate (CAGR) of 11.3%. Anticipating continued momentum, the market is projected to attain $22.64 billion by 2028, fueled by a robust CAGR of 10.6%.
Key Growth Drivers:
Adoption of Automation Technology: The escalating adoption of automation technology is a primary driver for the food automation market. With industries embracing automation to meet consumer and regulatory expectations for enhanced product quality and safety, the food industry is leveraging automation to ensure optimal food quality, heightened productivity, and increased profitability. The International Federation of Robotics reports a significant surge in the operational stock of robots in food and beverage manufacturing, reflecting the growing integration of automation for improved competitiveness and worker safety.
Food Safety Concerns: The rising concerns over food safety are instrumental in propelling the growth of the food automation market. The increasing instances of foodborne diseases necessitate a secure and safe food production process. Automation in the food industry mitigates contamination risks by adhering to stringent hygiene and safety standards. Automated processes reduce human contact with food, minimizing the chances of contamination and the spread of pathogens. This becomes crucial as unsafe food globally causes millions of foodborne diseases annually, emphasizing the pivotal role of automation in ensuring food safety.
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Major Players:
Leading companies in the food automation market include ABB Group, GEA Group AG, Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, and others.
Market Trends:
Technological Advancements: The market is witnessing a trend of significant technological advancements, with the implementation of next-generation food automation technologies. Robotics, digital twins, Internet of Things (IoT), analytics, data processing, and automated control systems are transforming the industry. For instance, Pazzi Robotics introduced a fully automated solution for the food and beverages industry, incorporating robots that perform tasks from food preparation to final assembly, eliminating the need for human intervention.
Investment in Industrial Automation and Digital Transformation: Major companies are strategically investing in industrial automation and digital transformation to gain a competitive edge. Such investments facilitate the swift implementation of powerful tools and result generation. ForgeOS, Rockwell, and READY Robotics integrated their technologies to streamline robot integration, reducing deployment time to market.
Regional Insights:
While Western Europe emerged as the largest region in the food automation market in 2023, Asia-Pacific is poised to exhibit the fastest growth in the forecast period. The regions covered include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Segmentation:
The food automation market covered in this report is segmented -
1) By Type: Motors And Generators, Motor Controls, Discrete Controllers And Visualization, Rotary Products, Linear Products, Other Types
2) By Operation: Semi Automatic, Fully Automatic
3) By Component: Plant Instrumentation, Plant-Level Controls, Enterprise-Level Controls
4) By Application: Bakery Products, Drinks, Candy, Snacks, Fruits And Vegetables, Meat, Other Applications
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/food-automation-global-market-report
Food Automation Global Market Report 2024 from TBRC covers the following information:
Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Food Automation Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on food automation market size, food automation market drivers and trends, food automation market major players, food automation market competitors' revenues, food automation market positioning, and food automation market growth across geographies. The food automation market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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