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Driving AI In Food And Beverages Market Growth in 2025: The Role of Rising Demand For Dietary Supplements Fuels Growth In Food And Beverage Tech
AI In Food And Beverages
AI In Food And Beverages Market Size Growth Forecast: What to Expect by 2025?
The market size for AI in the food and beverages sector has seen remarkable expansion over the past few years. Projected growth is from $9.4 billion in 2024 to $13.61 billion in 2025, equating to a compound annual growth rate (CAGR) of 44.8%. Fueling this growth during the historic period were factors such as quality control and assurance, betterment of supply chain processes, a consumer preference for personalized products, advancements in production procedures, and adherence to regulations.
How Will the AI In Food And Beverages Market Size Evolve and Grow by 2029?
The market for artificial intelligence in food and beverages is slated to witness a dramatic rise over the upcoming years, with predictions stating that it will reach a worth of "$56.47 billion in 2029. This escalation accounts for a compound annual growth rate (CAGR) of 42.7%. The predictors of growth during the anticipated timeframe include progress in product innovation, improved customer interaction, adoption of sustainable and earth-friendly methods, precision in farming, and versatile pricing tactics. Significant trends projected to impact the period of forecast encompass elevated customer service, the fusion of blockchain for increasing transparency, robotic process automation (RPA), the utilization of AI in the creation of flavors and new products, and control of food safety.
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What Drivers Are Propelling the Growth of AI In Food And Beverages Market Forward?
The AI in food and beverage market is predicted to flourish further, powered by the growing interest in dietary supplements. These dietary enhancements are primarily made up of varying dietary ingredients such as minerals, vitamins, amino acids, enzymes, and herbs. Factors like an expanding elderly population, a rise in health mindfulness, and hectic lifestyles are primarily responsible for this upsurge in demand, as people look for handy solutions to uphold their health. AI uses personal health information, preferences, and nutritional requirements to generate custom supplement suggestions, thereby elevating customer gratification and compliance with supplement directives. For instance, in the 2022 Consumer Survey on Dietary Supplements by the Council for Responsible Nutrition, a not-for-profit trade group based in the US, it was mentioned that out of 3,133 American adults aged 18 and older surveyed in 2022, 2,342 stated that they used dietary supplements sporadically, seasonally, or routinely. This points to the fact that 75% of Americans incorporate dietary supplements into their daily lives. Consequently, the ascending demand for dietary supplements fuels the expansion of the AI in food and beverage industry.
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Which Emerging Trends Are Transforming the AI In Food And Beverages Market in 2025?
The increasing prominence of technological advancements is a crucial trend observed in the Artificial Intelligence (AI) in the food and beverage sector. Businesses in this market are embracing innovative technology to maintain their competitive stance. To cite an example, Tastewise, a software firm based in Israel, unveiled its chatbot technology, TasteGPT, in March 2023. Designed to enhance efficiency for the company's clientele, which includes various brands, this chatbot seeks to minimize research and development timeframes. Remarkably, it can provide responses to business inquiries regarding innovation and insight within mere seconds.
What Are the Key Segments in the AI In Food And Beverages Market?
The AI in food and beverages market covered in this report is segmented -
1) By Type: Hardware, Software
2) By Organization Size: Small Enterprises, Medium And Large Enterprises
3) By Application: Food Storing, Consumer Engagement, Quality Control, Safety Compliance, Production And Packaging, Maintenance, Other Applications
4) By marketing Channel: Traditional marketing Channel (Offline), Online marketing Channel
5) By End User: Hotels And Restaurants, Food Processing Industries, Other End Users
Subsegments:
1) By Hardware: Sensors, Robots, Processors, Automation Systems, IoT Devices
3) By Software: Machine Learning Software, Data Analytics Software, Quality Control Software, Supply Chain Management Software, Customer Relationship Management (CRM) Software
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Who Are the Key Players Shaping the AI In Food And Beverages Market's Competitive Landscape?
Major companies operating in the AI in food and beverages market include Raytec Vision SpA, Rockwell Automation Inc., ABB Ltd., Honeywell International Inc., TOMRA Sorting Solutions AS, Sesotec GmbH, Martec of Whitell Ltd., Key Technology Inc., Greefa Co., Sight Machine Inc., Compac Sorting Equipment Ltd., Agco Corporation, National Recovery Technologies LLC, Bulk Handling Systems, Buhler AG, QualySense AG, BoMill AB, ClarifAI Inc., BBC Technologies, Intelligent X Brewing Co., International Business Machines Corporation, Microsoft Corporation, Google LLC, Amazon.com Inc., Siemens AG, Schneider Electric SE, Emerson Electric Co., Yokogawa Electric Corporation, Mitsubishi Electric Corporation, Omron Corporation, Fanuc Corporation, GEA Group AG, Tetra Pak International SA, Krones AG, Sidel International AG, Alfa Laval AB, SPX Flow Inc., JBT Corporation
What Geographic Markets Are Powering Growth in the AI In Food And Beverages Market?
North America was the largest region in the AI in food and beverages market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global AI in food and beverages market report during the forecast period. The regions covered in the AI in food and beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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