Market Research Report
Food Automation Market - Global Opportunity Analysis And Industry Forecast (2017-2022)
|Published by||Meticulous Market Research Pvt. Ltd.||Product code||603493|
|Published||Content info||218 Pages
|Food Automation Market - Global Opportunity Analysis And Industry Forecast (2017-2022)|
|Published: February 8, 2018||Content info: 218 Pages||
Global Food Automation Market Size by Mode of Operation (Semi-automatic and Automatic) by Type (Motors and Generators, Discrete Controllers and Visualization, Rotary Products, Linear Products, Others), by Application (Packaging and Repacking, Grading and Sorting, Palletizing and Depalletizing, Processing, Pick and Place, and Others ), by Industrial Vertical (Dairy Processing, Bakery and Confectionary, Beverages and Distilleries, Meat, fish and seafood; and Fruits and Vegetables) - Global Opportunity Analysis and Industry Forecast to 2022
The food producers and distributors have been operating within narrow margins and high-quality standards. The increasing consumer demand has been a challenge for food safety and quality standards to the food manufacturing companies. The automated systems are a natural fit to raise profit and provide the customers with the improved quality of the product. These automated systems are available right from picking up the material to the end-line supply of the product, thus bringing food closer to the plate.
Global food automation market is expected to grow at a CAGR of 7.1% from 2017 to 2022 to reach $11,468.7 million by 2022.
Following a comprehensive research on food automation and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, trends, and challenges listed in the market dynamics segment. Increasing food safety regulations, rising demand for processed and advanced packaged foods, various technological advancements in the food industry, growing demand to improve productivity, and rising demand for reducing production cost are the key market drivers which will support the industry growth in the forecast period. However, high capital investment is the major pain point, hindering the growth of the market to some extent.
The report further gives an extensive outlook on the multifarious verticals/industries served by the automation systems. These industries include dairy and dairy products, meat, fish, and seafood products; bakery and confectionary, brewery and beverages, and fruits and vegetables industry. The verticals/industry segment further briefly talks about the trends impacting the growth of these markets and the benefits involved with the use of automation systems in these verticals to improve overall productivity and efficiency.
An exhaustive analysis of the geographic scenario of the industry for the five major geographies: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are included in the geographic analysis section. These regions are further analysed at a country level with the detailed qualitative and quantitative analysis. The geographic analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identifies Europe to be the largest market followed by North America, Asia Pacific, and Rest of World. The geographic analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 3 years (2014-2017). The key players in the global food automation market are Rockwell Automation Inc., Siemens, ABB Group, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Fanuc Corporation, Destaco, JLS Automation, Yaskawa Electric Corporation, GEA Group, Proleit AG, Falcon Autotech, and Food Automation Pty. Ltd.