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Artificial Intelligence (AI) In The Food Beverages Market Trends and Challenges 2022: Industry Demand, Top Players Strategy, Size-Share Estimation and Forecast Report till 2030

The global artificial intelligence (AI) in the food beverages market size was US$ 4.1 billion in 2021. The global artificial intelligence (AI) in the food beverages market is forecast to grow to US$ 79.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 41.7% during the forecast period from 2022 to 2030. 

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Factors Influencing the Market

Artificial intelligence (AI) in the food and beverage market is forecast to grow rapidly. It is due to a shift in consumer preferences toward fast, affordable, and easily accessible food options. In addition, artificial intelligence has been gaining significant traction across all industrial verticals, including food and beverage. Thus, it will contribute to the growth of global Artificial intelligence (AI) in the food and beverage market.

Organizations are increasingly moving towards digitizing their supply chain in order to surge revenue growth. Thus, it will escalate the growth of global Artificial intelligence (AI) in the food and beverage market. The integration of AI in supply chains is expected to support businesses in making innovations. Thus, it will surge the growth of the global Artificial intelligence (AI) in the food and beverage market.

Growing disposable income and rising urbanization will accelerate the growth of global Artificial intelligence (AI) in the food and beverage market. In addition, increasing demand for packed food items and continuous innovations will propel Artificial intelligence (AI) in the food and beverage market forward.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic surged the demand for automated technologies. Almost every industrial vertical began adopting efficient technology to operate efficiently without the risk of COVID-19 affecting the supply chain. Thus, it surged the growth of Artificial intelligence (AI) in the food and beverage market. 

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Regional Analysis

Asia-Pacific is forecast to dominate the global artificial intelligence (AI) in the food beverages market. It is due to the high population density of consumers and significant push by the government to implement both replacement and augmenting artificial intelligence technologies. In addition, growing disposable income and rising food and beverage industry will escalate the growth of Artificial intelligence (AI) in the food and beverage market.

Growing health awareness, urbanization, and disposable income will also contribute to the growth of global Artificial intelligence (AI) in the food and beverage market. Moreover, food and beverage industry players are also inclining towards AI food processing to grow the output and develop new products. As a result, it will escalate the growth of Artificial intelligence (AI) in the food and beverage market.

Competitors in the Market

  • Rockwell Automation Inc.
  • Raytec Vision SPA
  • ABB Ltd
  • Key Technology Inc.
  • TOMRA Systems ASA
  • GREEFA
  • Honeywell International Inc.
  • Sesotec GmbH
  • Martec of Whitwell Ltd
  • Sight Machine Inc.
  • Other Prominent Players

Market Segmentation

The global Artificial intelligence (AI) in the food and beverage market segmentation focuses on Application, End-User, and Region.

By Application Outlook

  • Food Sorting
  • Quality Control and Safety Compliance
  • Consumer Engagement
  • Production and Packaging
  • Maintenance
  • Other Applications

By End-User Outlook

  • Food Processing Industry
  • Hotel and Restaurant
  • Beverage Industry

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By Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

What are the key findings of the report?

•This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
•The report offers the current state of the market and future prospects for various geographical regions.
•This report provides both qualitative and quantitative information about the competitive landscape of the market.

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