Artificial Intelligence (AI) Market In Food And Beverage Industry 2024-2028
The artificial intelligence (AI) market in food and beverage industry is forecasted to grow by USD 35,207.82 mn during 2023-2028, accelerating at a CAGR of 39.47% during the forecast period. The report on the artificial intelligence (AI) market in food and beverage industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for automation to improve productivity, regulations to improve food safety, and evolving industrial IoT and big data integration.
Technavio's artificial intelligence (AI) market in food and beverage industry is segmented as below:
By Type
- Transportation and logistics
- Production planning
- Quality control
- Others
By End-user
- Food processing industry
- Hotels and restaurants
- Beverage industry
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the emergence of IIoT as one of the prime reasons driving the artificial intelligence (AI) market in food and beverage industry growth during the next few years. Also, technology innovations in the food and beverage industry and advances in AI technology will lead to sizable demand in the market.
The report on the artificial intelligence (AI) market in food and beverage industry covers the following areas:
- Artificial intelligence (AI) market in food and beverage industry sizing
- Artificial intelligence (AI) market in food and beverage industry forecast
- Artificial intelligence (AI) market in food and beverage industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial intelligence (AI) market in food and beverage industry vendors that include ABB Ltd., Aboard Software, AGCO Corp., Ailytic Holdings Pty Ltd., Analytical Flavor Systems Inc., Buhler AG, De Greefs Wagen Carrosserie en Machinebouw BV, Duravant LLC, Foodable Network LLC, Honeywell International Inc., Key Technology Inc., Martec Of Whitwell Ltd., Ravenwood Packaging Ltd., Raytec Vision S.p.A., Rockwell Automation Inc., Sesotec GmbH, Siemens AG, Sight Machine, The Not Co. Inc., and Tomra Systems ASA. Also, the artificial intelligence (AI) market in food and beverage industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.