Food Automation Market: Current Analysis and Forecast (2021-2027)

Food Automation Market: Current Analysis and Forecast (2021-2027)

Global Food Automation is Expected to Display an Elevated CAGR of more than 6% over the forecast period (2021-2027)

The food industry is one of the largest manufacturing sectors across the globe. In the United States, it accounts for more than 10% of all shipments. An emerging number of food processing companies across regions leading to the growing market of food automation across the globe. More than 30% of the top 50 food & beverage-processing firms in the world are headquartered in the United States. There are many food and beverage processing establishments (plants) in the United States—36,486, owned by about 31,401 companies in 2017, according to the most recent comprehensive data in the Census Bureau's 2017

Also, As per the United States Department of Agriculture (USDA), food and beverage manufacturing plants accounted for 15.8% of the value of shipments and 14.7% of all employees from all U.S. manufacturing plants in 2019. The growing demand for processed and packaged food in the region acts as a growth catalyst for the industry. 80% of Americans’ total calorie consumption comes from store-bought foods and beverages (packaged and unpackaged). Moreover, the rise in work-related fatalities in the region is also proliferating the growth of the demand. As per the U.S Bureau of Labor Statistics, the number of fatalities increased from 40 in 2016 to 49 in 2019. Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation, etc., are some of the prominent players operating in the food automation market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report
"Amongst type, motor controls segment grabbed major market share”

Based on the type, the market is fragmented into Motor Controls, Discrete controllers & visualization, Rotary products, and others. The motor control segment grabbed XX% market share in 2020. To achieve higher demands in terms of dynamic behavior and precision, industrial automation heavily relies on motor control. The functioning of motors has increased substantially owing to the rise in importance in motion control applications such as high-pressure wash-down and high torque applications with precise motion control.
"Amongst application, palletizing segment to grab considerable market share”

Based on the application, the market is fragmented into Processing, Packaging & Repackaging, Palletizing, Sorting & Grading, and others. The palletizing segment grabbed XX% market share and dominated the market in 2020. The availability of robotics and sensor-based solutions that increase efficiency and reduce frequent faults is contributing to the market growth. The industry players have developed application-specific robots and sensor-based systems that offer enhanced quality, better working conditions, and improved production throughput.
"Amongst end-user, dairy segment to grab considerable market share”

Based on the end-users, the market is fragmented into Dairy, bakery, confectionery, fruits and beverage, meat-poultry & seafood, and others. The meat & poultry segment grabbed the XX% market share in 2020. However, the dairy segment would witness the highest CAGR in the forthcoming years.
"Asia-Pacific represents one of the largest markets of Food Automation market”

For a better understanding of the market adoption of the food automation, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the food automation industry and generated revenue of USD XX Million in 2020. However, the North America region would witness the highest CAGR during the forthcoming years

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry