Data Bridge Market Research analyses that the Global Food Automation Market to be growing at a CAGR of 7.60% in the forecast period of 2022-2029 and is likely to reach the USD 14.47 billion by 2029.
Industry Analysis
The smart evolution of the internet of things (IoT) and strong possibilities of customers and supervising firms for improved food quality standards and safety will drive the growth rate of the food automation market.
Automation refers to the development of technology and its use to regulate as well as monitor the production and delivery of various goods and services. It carries out duties that humans previously carried out. Food automation is used to automate the preparation, processing, and packaging of food products in the food and beverage sector. Food automation improves quality, reduces picking and handling times, and boosts productivity by speeding up the packaging of food products in the food processing industry.
The rise in adoption of digitalization strategies will drive the food automation market. Furthermore, strict international food safety regulations and surging health awareness are macroeconomic factors that positively impact the worldwide food automation market. Another significant factor is rising technological advancement in automation, which will accelerate the growth rate of the food automation market. The rise in disposable income and increasing urbanization will flourish the growth rate of food automation market. Increasing adoption of automated systems in packaging and logistics will further propel the growth rate of food automation market.
Moreover, the rise in number of research and development activities will boost the beneficial opportunities for the growth of food automation market. Additionally, the strong demand from various end-use industries such as beverages, food processing, and others and emerging new markets will act as major drivers that will further create new opportunities for market growth in the above forecast period.
However, high capital investment requirements will hamper the market growth rate. Additionally, negative impact of COVID-19 on the production and supply chain will obstruct the food automation market's overall growth. Also, lack of awareness and complexities in training and managing labour will further challenge the food automation market throughout the forecast period.
This food automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Automation Market Scope and Market Size
The food automation market is segmented on the basis of type, application and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of type, the food automation market is segmented into motors and generators, motor controls, discrete controllers and visualization, rotary products, linear products, and others.
· Based on application, the food automation market is derived into dairy, bakery, confectionery, fruit and vegetable, meat, poultry, and seafood, beverages.
· Based on the function, the food automation market is fragmented into processing, packaging and repackaging, palletizing, sorting and grading, picking and placing, and others.
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Food Automation Market Country Level Analysis
The food automation market is analyses and market size, volume information is provided by country, type, application and function as referenced above.
The countries covered in the food automation market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the food automation market and will continue to flourish its trend of dominance during the forecast period owing to the well-established infrastructure in this region. Asia-Pacific is estimated to grow at a significant rate during the forecast period of 2022-2029 due to the increasing level of disposable income and rising urbanization in this region.
The country section of the food automation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Food Automation Market Share Analysis
The food automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food automation market.
Some of the major players operating in the food automation market are ABB, Siemens, Rockwell Automation, Inc. Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Schneider Electric, GEA Group Aktiengesellschaft, Fortive, KUKA AG, FANUC UK Ltd., Honeywell International Inc., JLS Automation, Falcon Autotech, Food Automation Pty. Ltd., Rexnord Corporation, Emerson Electric Co., and NORD, among others.
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Food Automation Market by Product & Procedure type
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