According to the current analysis of Reports and Data, the Global Food Automation Market valued at USD 9.08 Billion in 2018 and is expected to reach USD 15.78 Billion by the year 2026, at a CAGR of 7.1%. Automation has now become a necessity in the food and beverage (FB) industry to maintain quality, to enhance production speed, to cooperate with the labor shortage. Rising demand for food automation due to rapid industrialization and urbanization is driving growth for the market. Moreover, the expansion of the food and packaging industry is expected to support industrial growth. Stringent government regulations regarding food safety are boosting demand for automation to maintain the quality of the product and efficiency of the food manufacturing process.
The key market players are focusing on various strategies such as mergers, partnerships, acquisitions, and new product launches to maintain their position. For instance, in 2016, CTB acquired a majority share in Cabinplant, a global provider of tailor-made processing solutions for the FB industry. In November 2017, researchers at Harpers Adams University in the United Kingdom completed the Hands-Free Hectare project, during which nearly five tons of spring barley was successfully planted, tended, and harvested by autonomous vehicles and drones.
North America accounted for a share of 25.6% of the industry in 2018 and is projected to grow significantly in the forecast period. The presence of key players including Rockwell Automation, Inc., Fortive Corporation, Emerson Electric Co. and Rexnord Corporation to name a few is likely to influence growth. In addition, regulatory support through acts such as the FDA Food Safety Modernization Act (FSMA) is also expected to create growth opportunities.
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The Food Automation market investigation report assesses the global market for the Food Automation industry and provides revenue and capability forecasts for the projected period of 2023-2026. The factors that drive the industry's growth are highlighted in the report. The report divides the Food Automation market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Rockwell Automation,
- Siemens AG,
- ABB Ltd,
- Mitsubishi Electric Corporation,
- Schneider Electric,
- Yokogawa Electric Corporation,
- GEA Group,
- Fortive Corporation,
- Emerson Electric,
- Nord Drivesystems
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
Type (Revenue, USD Million; 2016–2026)
- Motors Generators
- Motor controls
- Discrete controllers visualization
- Rotary products
- Linear products
- Others
Function Type (Revenue, USD Million; 2016–2026)
- Processing
- Packaging Repackaging
- Palletizing
- Sorting Grading
- Picking Placing
- Others
Application (Revenue, USD Million; 2016–2026)
- Dairy
- Bakery
- Confectionery
- Fruit vegetable
- Meat, poultry, and seafood
- Beverages
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Food Automation market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Food Automation market.
The Global Food Automation Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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