Food Automation Market by Systems (Conveyors & Belts, Discrete Controller Systems & Visualization, Motor Controls), Softwares (Distributed Control Systems, Manufacturing Execution Systems, Variable-frequency Drive), Function, Application - Global Forecast

Food Automation Market by Systems (Conveyors & Belts, Discrete Controller Systems & Visualization, Motor Controls), Softwares (Distributed Control Systems, Manufacturing Execution Systems, Variable-frequency Drive), Function, Application - Global Forecast 2024-2030

The Food Automation Market size was estimated at USD 29.41 billion in 2023 and expected to reach USD 31.88 billion in 2024, at a CAGR 8.71% to reach USD 52.80 billion by 2030.

The food automation market integrates advanced technologies, including robotics, artificial intelligence (AI), and machine learning (ML), into various processes in the food industry. These processes range from food processing, packaging, and handling to distribution, aiming to enhance efficiency, productivity, and safety while minimizing human intervention in the food industry. The primary factors influencing growth in the food automation market include increasing demand for processed foods, rising labor costs, and stringent food safety regulations. Additionally, advancements in technology and the growing acceptance of IoT and cloud platforms in the food and beverage industry are significantly contributing to the expansion of the market. However, the high initial capital investment required for advanced machinery and technologies, a shortage of skilled workforce to operate and maintain these systems, and data security and privacy concerns can significantly hinder market growth. Furthermore, emerging opportunities within the food automation market include the development of energy-efficient automated solutions, adopting Industry 4.0 practices, and integrating blockchain technology for enhanced traceability and transparency. There is also significant potential in the customization of food processing equipment to meet the specific needs of different food sectors.

Please Note: PDF & Excel + Online Access - 1 Year