Dublin, July 08, 2024 (GLOBE NEWSWIRE) — The “Food Automation – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Food Automation was valued at an estimated US$12.9 Billion in 2023 and is projected to reach US$19.5 Billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the food automation market is driven by several factors, reflecting the evolving needs and technological advancements within the food industry. One significant driver is the increasing demand for processed and packaged foods, fueled by changing consumer lifestyles and preferences for convenience. The rising concerns about food safety and quality control have also propelled the adoption of automation, as these systems provide more consistent and reliable outcomes. Labor shortages and the need for cost reduction in production processes are other critical factors encouraging the shift towards automated solutions.
Furthermore, the push for sustainability and waste reduction in the food industry drives the development of automation technologies that minimize resource usage and enhance efficiency. The ongoing advancements in AI, robotics, and IoT are continuously expanding the capabilities and applications of food automation systems, making them more accessible and effective for food manufacturers. These factors collectively ensure the robust growth and continuous innovation in the food automation market, shaping the future of food production and processing.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Motors & Generators segment, which is expected to reach US$7.8 Billion by 2030 with a CAGR of a 6.4%. The Discrete Controllers & Visualization segment is also set to grow at 6.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.9 Billion in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $2.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Food Automation Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., DESTACO, Emerson Electric Co., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 608 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $12.9 Billion |
| Forecasted Market Value (USD) by 2030 | $19.5 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- A Prelude to Food Automation
- COVID-19 Impact on Food Automation Market
- Competitive Landscape
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Market Overview and Analysis
- Automation Set to Gain Momentum in the Food and Beverage Sector
- Beverage Sector Leads the Market for Food Automation
- Asia-Pacific to Propel Market Demand
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Rising Food Needs of an Expanding Global Population Turns Focus onto Food Automation
- Accelerating Pace of Digital Transformation to Benefit Food Automation
- The Unstoppable Rise of Robotics Provides the Cornerstone for Growth in the Market
- Technological Advancements in the Food Robotic Technology Market
- Upgrading Food Automation Using Artificial Intelligence
- Artificial Intelligence for Product Sorting and Food Processing
- Artificial Intelligence for Food Waste Management
- Artificial Intelligence in Logistics
- AI-Powered New Product Development
- Artificial Intelligence for Food Safety
- Increasing Demand for Processed Foods Presents Opportunities for Food Automation
- Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
- Use of Computer Vision and Hyperspectral Imaging Witnesses a Surge
- Growing Integration of Internet of Things Streamlining Food Processing Process
- Popularity of Robotics and Automated Production Lines Witness a Robust Increase
- Advent of 3D Food Printing Technologies Enhance Product Quality
- Use of Automated Technologies for Post-Processing Handling and Packaging Gains Momentum
- Rising Investments in Industry 4.0 to Spur Opportunities for Food Automation
- Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
- Rising Adoption of Automation in Fruit and Vegetable Packaging
- Increased Uptake of ERP Facilitates Adoption
- 5G Opens Up Exciting Playbook of Robotic Applications
- Increasing Incidence of Foodborne Diseases to Drive Market Demand
- Growing Automation in Restaurants Propels Market Expansion
- AI Robots in Agriculture: Developments in AI, Machine Vision & Machine Learning Remain Critical to Commercialization & Growth
- Global Labor Shortages to Spur Market Demand for Food Automation
- Contracting Agricultural Labor Drives Demand for Robots and Autonomous Farm Equipment: Agricultural Employment as % of Total Employment for the Period 2000-2020
- Rising Automation in the Fast Food Sector Spurs Market Growth
FOCUS ON SELECT PLAYERS(Total 118 Featured)
- ABB Ltd.
- DESTACO
- Emerson Electric Co.
- Falcon Autotech Pvt Ltd.
- Food Automation Pty. Ltd.
- GEA Group Aktiengesellschaft
- Honeywell International Inc.
- JLS Automation
- NORD Drivesystems Pvt. Ltd.
- ProLeiT GmbH
- REGAL REXNORD CORPORATION
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens Aktiengesellschaft
- Yaskawa Electric Corporation
- Yokogawa Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/r/ke62ol
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- Global Food Automation Market
