Food Automation Market worth $52.80 billion by 2030, growing at a CAGR of 8.71% - Exclusive Report by 360iResearch

The "Food Automation Market by Systems (Conveyors & Belts, Discrete Controller Systems & Visualization, Motor Controls), Softwares (Distributed Control Systems, Manufacturing Execution Systems, Variable-frequency Drive), Function, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Food Automation Market to grow from USD 29.41 billion in 2023 to USD 52.80 billion by 2030, at a CAGR of 8.71%.

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The food automation market integrates advanced technologies, including robotics, artificial intelligence (AI), and machine learning (ML), into various processes in the food industry. These processes range from food processing, packaging, and handling to distribution, aiming to enhance efficiency, productivity, and safety while minimizing human intervention in the food industry. The primary factors influencing growth in the food automation market include increasing demand for processed foods, rising labor costs, and stringent food safety regulations. Additionally, advancements in technology and the growing acceptance of IoT and cloud platforms in the food and beverage industry are significantly contributing to the expansion of the market. However, the high initial capital investment required for advanced machinery and technologies, a shortage of skilled workforce to operate and maintain these systems, and data security and privacy concerns can significantly hinder market growth. Furthermore, emerging opportunities within the food automation market include the development of energy-efficient automated solutions, adopting Industry 4.0 practices, and integrating blockchain technology for enhanced traceability and transparency. There is also significant potential in the customization of food processing equipment to meet the specific needs of different food sectors.

In the Americas, the demand for food automation is driven by efficiency, food safety, and traceability. The focus on reducing labor costs and increasing production rates is evident through substantial investments in robotics and AI-driven processes. Recent patents indicate advancements in automated food processing and packaging technologies. High consumer awareness regarding food quality and safety standards propels the market forward. EU countries are at the forefront of implementing food automation, strongly emphasizing sustainability and food quality. The European Commission's farm-to-fork strategy underlines this direction, encouraging investments in smart farming and digitalization. The Middle East is rapidly adopting food automation to ensure food security and reduce dependence on food imports. Technological investments are particularly focused on vertical farming and hydroponics, driven by the region's arid climate. Consumer preferences are shifting towards healthier and locally produced foods, influencing market dynamics significantly. In the APAC region, China, India, and Japan invest heavily in food automation technologies, including robotics and AI, to bolster their food safety standards and efficiency. Consumer demand for premium and imported foods drives the market towards higher standards. Moreover, the government's push towards digitization and modernization of agriculture presents numerous growth opportunities.

Market Segmentation & Coverage:

This research report categorizes the Food Automation Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Systems, market is studied across Conveyors & Belts, Discrete Controller Systems & Visualization, Motor Controls, Motors & Generators, Robotics, Rotary & Linear Products, and Sensors & Actuators. The Rotary & Linear Products is projected to witness significant market share during forecast period.

Based on Softwares, market is studied across Distributed Control Systems, Manufacturing Execution Systems, and Variable-frequency Drive. The Manufacturing Execution Systems is projected to witness significant market share during forecast period.

Based on Function, market is studied across Packaging & Re-Packaging, Palletizing, Picking & Placing, Processing, and Sorting & Grading. The Packaging & Re-Packaging is projected to witness significant market share during forecast period.

Based on Application, market is studied across Bakery & Confectionery, Beverages, Dairy Products, Fruits & Vegetables, and Meat, Poultry & Seafood. The Meat, Poultry & Seafood is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 40.66% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Food Automation Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Food Automation Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Food Automation Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AMETEK Inc., DESTACO, A Dover Company, Emerson Electric Co., Falcon Autotech Pvt Ltd., Fanuc Corporation, Festo Inc., Food Automation Pty. Ltd., Fortive Corporation, GEA Group Aktiengesellschaft, Heat and Control, Inc., JLS Automation, John Bean Technologies, Kuka AG, MAYEKAWA MFG. CO., LTD., Mitsubishi Electric Corporation, Neologic Engineers Private Limited, NORD Drivesystems Private Limited, Omron Electronics, LLC, Regal Rexnord Corporation, Rockwell Automation, Inc., Schneider Electric, SPX FLOW, Inc., and YASKAWA Electric Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Food Automation Market, by Systems
7. Food Automation Market, by Softwares
8. Food Automation Market, by Function
9. Food Automation Market, by Application
10. Americas Food Automation Market
11. Asia-Pacific Food Automation Market
12. Europe, Middle East & Africa Food Automation Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Food Automation Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Food Automation Market?
3. What is the competitive strategic window for opportunities in the Food Automation Market?
4. What are the technology trends and regulatory frameworks in the Food Automation Market?
5. What is the market share of the leading vendors in the Food Automation Market?
6. What modes and strategic moves are considered suitable for entering the Food Automation Market?

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