PUBLISHER: Grand View Research | PRODUCT CODE: 1554180
PUBLISHER: Grand View Research | PRODUCT CODE: 1554180
The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. AI is revolutionizing the food and beverages industry by enhancing efficiency and automation in processing, sorting, and packaging, thereby reducing errors and meeting global food demands. Its role in stringent quality control and safety compliance is becoming increasingly crucial due to heightened consumer awareness and regulatory pressures. AI also drives personalized consumer engagement and marketing while optimizing supply chains to minimize waste and manage inventory efficiently. The ongoing technological advancements, especially the integration of AI with IoT and big data, are broadening its applications and impact across the sector.
AI is transforming the food and beverage industry by enabling personalized food products tailored to individual preferences and dietary needs, which is appealing to health-conscious consumers. Predictive analytics powered by AI helps companies forecast demand more accurately, reducing overproduction and waste, especially for perishable goods. Sustainability initiatives are being enhanced through AI's ability to optimize resource usage, reduce food waste, and improve energy efficiency, aligning with global environmental goals. Additionally, AI-driven technologies such as blockchain are enhancing food traceability, ensuring safety standards, and boosting consumer trust through greater transparency.
The industry is also addressing labor shortages and rising costs by automating repetitive tasks with AI, reducing reliance on human labor, and controlling operational expenses. AI is accelerating new product development by analyzing large datasets to predict trends and optimize ingredient combinations, speeding up the time-to-market for innovative products. Regulatory compliance is streamlined with AI, which automates reporting, conducts real-time monitoring, and predicts potential issues, ensuring adherence to food safety standards. Moreover, AI is enhancing consumer experiences in retail, both in-store and online, through smart shelves, automated checkouts, and personalized promotions, leading to increased convenience and satisfaction.
Global AI in Food & Beverages Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global AI in food & beverages market report based on technology, application, deployment, end-use and region: