Emergen Research has recently published a detailed report on the global Artificial Intelligence (AI) in Food and Beverage Market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Artificial Intelligence (AI) in Food and Beverage market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Artificial Intelligence (AI) in Food and Beverage market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
The global Artificial Intelligence (AI) in food and beverage market is expected to reach a market size of USD 62.83 Billion at a steady CAGR of 44.4% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing need for more secure and efficient production facilities in food and beverages industries. Food and beverages industries are increasingly adopting AI solutions to track costs, oversee stock levels, and maintain transparency in supply chain processes. Rising need to reduce food waste is also driving utilization of AI in the food and beverages industry. Focus on improving food safety standards and need to adhere to stringent regulations related to food quality and safety of processes is driving adoption of Artificial Intelligence in the food and beverages industry. Moreover, AI enables maintenance of high accuracy in visual inspections, detection of quality-related issues in real-time, and helps to identify the root cause of quality issues, which will also help in enhancement of production processes in future.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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The report further sheds light on the competitive landscape of the Artificial Intelligence (AI) in Food and Beverage market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the RD and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Key Points of Artificial Intelligence (AI) in Food and Beverage Market:
- Extensive coverage of the analysis of the Artificial Intelligence (AI) in Food and Beverage market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Artificial Intelligence (AI) in Food and Beverage market
- Complete data about the key manufacturers and vendors in the Artificial Intelligence (AI) in Food and Beverage market
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Regional Analysis:
The report sheds light on the region expected to dominate the Artificial Intelligence (AI) in Food and Beverage market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Artificial Intelligence (AI) in Food and Beverage market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Segments Covered in this report are:
End-use Outlook (Revenue, USD Billion; 2021–2028)
- Hotel and Restaurant
- Food Processing Industry
- Beverage Industry
Application Outlook (Revenue, USD Billion; 2021–2028)
- Consumer Engagement
- Maintenance
- Food Sorting
- Production and Packaging
- Quality Control and Safety Compliance
- Other Applications
Regional Outlook (Revenue, USD Billion; 2021–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- North America
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Leading Companies of the Artificial Intelligence (AI) in Food and Beverage Industry and Profiled in the Report are:
Raytec Vision S.p.A., Rockwell Automation Inc., ABB Ltd., Honeywell International Inc., Key Technology Inc., TOMRA Sorting Solutions AS, GREEFA, Sesotec, Sight Machine Inc., and AGCO Corporation
In conclusion, the Artificial Intelligence (AI) in Food and Beverage Market report is an exhaustive database that will help readers formulate lucrative strategies. The Artificial Intelligence (AI) in Food and Beverage Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
Additional information offered by the report:
- Along with a complete overview of the global Artificial Intelligence (AI) in Food and Beverage market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Artificial Intelligence (AI) in Food and Beverage market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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