PUBLISHER: SkyQuest | PRODUCT CODE: 1321961
PUBLISHER: SkyQuest | PRODUCT CODE: 1321961
Food Automation Market size was valued at USD 11.37 billion in 2021 and is poised to grow from USD 12.13 billion in 2022 to USD 20.38 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).
The Global Food Automation Market is experiencing significant growth due to increasing demand for food production efficiency, quality, and safety. Automation technologies such as robotics, sensors, and control systems are revolutionizing food processing and packaging industries. Key drivers include cost-effectiveness, reduced labor dependency, and enhanced productivity. With automation's adoption, food manufacturers can streamline processes, optimize resource utilization, and meet the rising demand for processed and packaged food products worldwide.
Top-down and bottom-up approaches were used to estimate and validate the size of Food Automation and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
Global Food Automation Market is segmented based on the type, component, automation, application, function and region. Based on Type, the market is segmented into Motors and Generators, Motor Controls, Discrete Controllers and Visualization, Rotary Products, Linear Products and Others. According to the component, it is bifurcated into Plant Level Controls and Enterprise Level Controls. According to automation the market is bifurcated into semi-automatic and fully automatic. On the basis of application, it is categorized into Dairy, Bakery, Confectionery, Fruit and Vegetable, Meat, Poultry, Seafood and Beverages. According to function it is sub segmented into Processing, Packaging and Repackaging, Palletizing, Sorting and Grading, Picking and Placing and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
The growth of the food automation market is driven by two main factors: the increase in per capita food consumption and the rising adoption of IoT plant automation. This expansion is further fueled by the growing digitalization in the agricultural sector. Additionally, global food automation market growth is positively influenced by stringent international food safety regulations and the increasing awareness of health-conscious consumers. Technological innovations in automation also play a significant role in accelerating the market's expansion. Moreover, urbanization and rising disposable incomes contribute to the demand for food automation, while the adoption of automated systems in packaging and logistics further boosts market growth.
Restrain
However, despite the investments made by major players in the food and beverage industry, small and medium-sized enterprises (SMEs) have been slower to embrace automation. Challenges such as high product variability, complex food processes, and substantial investment requirements restrict the use of automation and robotics in the food industry. Another significant barrier is the shortage of qualified engineers to operate and maintain the machinery. The high costs associated with research and development activities, laboratories, equipment, and skilled personnel also hinder market growth.
Trend
Manufacturers are leveraging automation and robotics to create and package food, leading to improved food safety and extended shelf life. Advancements in AI, robotics, drones, and 3D printing are enhancing food quality while reducing production costs. Data analysis enabled by AI software and robotics allows companies to align production with consumer demand effectively. This improved monitoring of food quality and safety covers crucial processes like processing, shipping, storage, and traceability of food sources. Large food service companies are making significant investments in robotics and artificial intelligence to further enhance their operations.