Food Automation Market: Current Analysis and Forecast (2021-2027)
May 2022
252
About the Report
About the Report
Automation is an integral part of industries including the food and beverage industry. Automation automates tasks and enhances productivity. Therefore, a tend deployment of food robots has been witnessed in past few years. As per International Robotics Federation, approximately 1.3 million industrial robots were installed around the world between 2015 and 2018. Moreover, food industry manufacturers have recorded an increase in productivity of +25% after employing robotics as compared to the work done by a human chain. Furthermore, most of the food processing industry requires product variation but without making the change in the processing line or fiddling with hardware. The association for Packaging and Processing Technologies has shown that almost 33% of food processing operations already use automation in their facilities. Another survey carried out by the organization revealed that 94% of food packaging operations were already using robotics in 2018.
A growing shortage of skilled labor force in the food and beverage company is a challenge that is increasing the requirement for food automation and the deployment of robots in food manufacturing operations is on the rise. Association of Labor Providers found that 70% of food and beverage manufacturing companies were suffering from a shortage of low and unskilled labor in 2018. Automations have been seen as a solution to such shortages. Also, automation, leveraging artificial intelligence, and other technologies have opened ample opportunities in various industrial verticals inclusive of the food sector. It has been estimated that in 2018, around 57% of 1,300 institutions have adopted artificial intelligence while around 18% were planning to enter the respective arena in 2019. The ability to deliver faster service, increased flexibility, and scalability, improved quality coupled with greater traceability, and increased savings and productivity have enhanced the adoption of automation in the food sector.
AI and ML have emerged as a prerogative for huge global companies due to their price. As per a consulting firm, AI-related investments have grown by about 300% in 2017, with businesses becoming more competitive by 2020. The technology is expected to increase the benefit by USD1.2 trillion per year. By 2021, over 80% of all the prospective customers' interactions would be managed and handled by AI solutions.
Based on the type, the market is fragmented into motor controls, discrete controllers & visualization, rotary products, and others. The motor control segment grabbed XX% market share in 2020. To achieve higher demands in terms of dynamic behavior and precision, industrial automation heavily relies on motor control. The functioning of motors has increased substantially owing to the rise in importance in motion control applications such as high-pressure wash-down and high torque applications with precise motion control.
Based on the application, the market is fragmented into processing, packaging & repackaging, palletizing, sorting & grading, and others. The palletizing segment grabbed XX% market share and dominated the market in 2020. The availability of robotics and sensor-based solutions that increase efficiency and reduce frequent faults is contributing to the market growth. The industry players have developed application-specific robots and sensor-based systems that offer enhanced quality, better working conditions, and improved production throughput.
Based on the end-users, the market is fragmented into Dairy, bakery, confectionery, fruits and beverage, meat-poultry & seafood, and others. The meat & poultry segment grabbed the XX% market share in 2020. However, the dairy segment would witness the highest CAGR in the forthcoming years.
For a better understanding of the market adoption of the food automation market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the food automation market and generated revenue of USD XX Million in 2020. However, the North America region would witness the highest CAGR during the forthcoming years.
Some of the major players operating in the market are Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation, etc., Several M&As along with partnerships have been undertaken by these players to develop food automation across the globe.
Products
Companies
Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation
Table of Contents
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of Food Automation
2.2. Research Methodology of Food Automation
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of Food Automation Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL FOOD AUTOMATION COVID-19 IMPACT
6 GLOBAL FOOD AUTOMATION REVENUE, 2019-2027F
7 MARKET INSIGHTS BY TYPE
7.1. Motor Controls
7.2. Discrete controllers & visualization
7.3. Rotary products
7.4. Others
8 MARKET INSIGHTS BY APPLICATION
8.1. Processing
8.2. Packaging & Repackaging
8.3. Palletizing
8.4. Sorting & Grading
8.5. Others
9 MARKET INSIGHTS BY END-USER
9.1. Dairy
9.2. Bakery
9.3. Confectionery
9.4. Fruit & vegetable
9.5. Meat, poultry, and seafood
9.6. Others
10 MARKET INSIGHTS BY REGION
10.1. North America Food Automation Market
10.1.1. United States
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe Food Automation Market
10.2.1. United Kingdom
10.2.2. Germany
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia Pacific Food Automation Market
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. Rest of Asia Pacific
10.4. Rest of World Food Automation Market
11 FOOD AUTOMATION DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 FOOD AUTOMATION OPPORTUNITIES
13 FOOD AUTOMATION TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
15.2.1. Top Product Launches
15.2.2. Top Business Partnerships
15.2.3. Top Business Expansions, Investments and Divestitures
15.2.4. Top Merger and Acquisitions
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
17.1. Competitive Landscape
17.1.1. Company Shares, By Revenue
18 COMPANY PROFILED
18.1. Rockwell Automation, Inc.
18.2. Siemens AG
18.3. ABB Ltd
18.4. Mitsubishi Electric Corporation
18.5. Schneider Electric SE
18.6. Yokogawa Electric Corporation
18.7. GEA Group
18.8. Fortive Corporation
18.9. Yaskawa Electric Corporation
18.10. Rexnord Corporation
19 DISCLAIMER
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