A Global Artificial Intelligence (AI) in Food and Beverage Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Artificial Intelligence (AI) in Food and Beverage industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Artificial Intelligence (AI) in Food and Beverage market, this study covers qualitative and quantitative aspects of the Artificial Intelligence (AI) in Food and Beverage market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
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.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Artificial Intelligence (AI) in Food and Beverage industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Artificial Intelligence (AI) in Food and Beverage industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Artificial Intelligence (AI) in Food and Beverage industry.
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Radical Highlights of the Artificial Intelligence (AI) in Food and Beverage Market Report:
- Comprehensive overview of the Artificial Intelligence (AI) in Food and Beverage market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Artificial Intelligence (AI) in Food and Beverage market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Market Dynamics:
The report offers insightful information about the market dynamics of the Artificial Intelligence (AI) in Food and Beverage market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Artificial Intelligence (AI) in Food and Beverage market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Artificial Intelligence (AI) in Food and Beverage market.
Key Companies Profiled in the Report:
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
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Artificial Intelligence (AI) in Food and Beverage Market Segmentation:
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
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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