Food Automation Market Industry Insights, Trends, and Forecasts to 2029
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.
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-food-automation-market
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
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Chapter One: Introduction
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Chapter Two: Market Segmentation
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Chapter Three: Market Overview
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Chapter Four: Executive Summary
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Chapter Five: Premium Insights
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Chapter Six: Global Food Automation Market by Product
& Procedure type
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