PUBLISHER: TechNavio | PRODUCT CODE: 1645454
PUBLISHER: TechNavio | PRODUCT CODE: 1645454
The artificial intelligence (AI) in food and beverage industry market is forecasted to grow by USD 32202.6 mn during 2024-2029, accelerating at a CAGR of 34.5% during the forecast period. The report on the artificial intelligence (AI) in food and beverage industry market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for automation to improve productivity, regulations to improve food safety, and evolving industrial iot and big data integration.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 30.4% |
CAGR | 34.5% |
Incremental Value | $32202.6 mn |
Technavio's artificial intelligence (AI) in food and beverage industry market is segmented as below:
By Type
By End-user
By Geographical Landscape
This study identifies the emergence of iiot as one of the prime reasons driving the artificial intelligence (AI) in food and beverage industry market growth during the next few years. Also, technology innovations in the food and beverage industry and advances in ai technology will lead to sizable demand in the market.
The report on the artificial intelligence (AI) in food and beverage industry market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial intelligence (AI) in food and beverage industry market vendors that include ABB Ltd., Aboard Software, AGCO Corp., Ailytic Holdings Pty Ltd., Analytical Flavor Systems Inc., Buhler AG, De Greefs Wagen Carrosserie en Machinebouw BV, Duravant LLC, Foodable Network LLC, Honeywell International Inc., Key Technology Inc., Martec Of Whitwell Ltd., Ravenwood Packaging Ltd., Raytec Vision S.p.A., Rockwell Automation Inc., Sesotec GmbH, Siemens AG, Sight Machine, The Not Co. Inc., and Tomra Systems ASA. Also, the artificial intelligence (AI) in food and beverage industry market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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