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AI in Food & Beverage Market Analysis Report Projected $115397.92 Million Growth by 2026 | A report by TOMRA System ASA, GREEFA, Honeywell International, Rockwell Automation, Foodable Network and others

AI in Food & Beverage market research report was framed with the Food & Beverage industry’s systematic collection and estimation of market information. All this information is provided in a form that gives the business proper explanation of different facts and figures. This report provides accurate information on market trends, changes in industry, consumer behaviour, etc. The market data described in the AI in Food & Beverage report helps to identify the worldwide FnB industry’s diverse market opportunities. Such market research reporting is always advantageous for any company to market products or services, whether it is a small or large-scale. This AI in Food & Beverage market report’s analytical study supports the mapping of growth strategies to increase sales and build brand image on the market. AI in Food & Beverage report contains the latest market information that companies can gain from Food & Beverage industry in-depth analysis and future trends. With the market information provided in the xyz report, it has become easy for international business to gain global perspective.

Market Analysis:

Artificial Intelligence in Food & Beverages Market is driven by increasing adoption of smart devices in the food & beverage sector which is projecting a rise in estimated value from USD 6,385.64 million in 2018 to an estimated value of 115,397.92million by 2026, registering a CAGR of 43.59% in the forecast period of 2019-2026.

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Key Competitors:

  • TOMRA System ASA
  • GREEFA
  • Honeywell International
  • Martec of Whitell
  • Sesotec
  • Key Technology
  • Raytec Vision SpA
  • Rockwell Automation
  • ABB
  • Foodable Network
  • Startup Creator
  • Compac Sorting Equipment
  • Agco Corporation and more

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Market Drivers & Restraints:

  • The growing concern regarding improvement of supply chain efficiency
  • The continuously adoption of advanced technology in the food & beverages industry.
  • Lack of technical AI experts will further hamper growth of the market.
  • Lack of initial investment.

Segmentation: 

By Application

  • Food Sorting
  • Quality Control & Safety Compliance
  • Consumer Engagement (Chatbots, etc.)
  • Production & Packaging
  • Maintenance

End-Users

  • Hotels & Restaurants
  • Food Processing Industry
  • Beverages Industry

Geography

  • North America
  • South America
  • Europe
  • Asia Pacific

Competitive Analysis:

Global artificial intelligence in food & beverages market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of artificial intelligence in food & beverages market for global, Europe, North America, Asia Pacific and South America.

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