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Food Automation Market size was valued at USD 11.37 billion in 2021 and is poised to grow from USD 12.13 billion in 2022 to USD 20.38 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).

Global Food Automation Market Size, Share, Growth Analysis, By Type(Motors and Generators, Motor Controls), By Component(Plant Level Controls and Enterprise Level Controls), By Application(Dairy, Bakery), By Automation(Semi-Automatic and Fully Automatic), By Function(Repackaging, Palletizing) - Industry Forecast 2024-2031

Report ID: SQMIG20H2020 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 147 | Figures: 78

Global Food Automation Market Competitive Landscape

Top Player's Company Profiles

Rockwell Automation, Inc.
Siemens AG
ABB Ltd.
Mitsubishi Electric Corporation
Schneider Electric SE
Yaskawa Electric Corporation
Emerson Electric Co.
Yokogawa Electric Corporation
GEA Group AG
Rexnord Corporation
Nord Drivesystems
Festo AG & Co. KG
Key Technology, Inc.
Fanuc Corporation
Omron Corporation
Bosch Packaging Technology (Robert Bosch GmbH)
JBT Corporation
Heat and Control, Inc.
SPX Flow, Inc.
Krones AG

Recent Development

In March 2023, READY Robotics and Rockwell combined ForgeOS with their Logix controllers and design and simulation tools. The combination will shorten the time to market for industrial automation deployment and facilitate robot integration.
Teway Food upgraded its production line to meet the growing demand for compound seasoning in January 2023 and installed ABB's automated solution, which included 10 IRB 6700 robots, 65 IRB 360 delta robots fast picking robots, three IRB 660 robots, and a 3D vision system to help identify and locate products as they are fed to the line. Because of these technologies, TewayFood is the first company in the industry to deploy 3D vision-assisted robot positioning for feeding manufacturing lines.
In October 2022, Mike Lynch, a veteran of the packaging equipment industry, has been named director for the North American market by Shemesh Automation. Lynch is expected by the company to contribute to market expansion and improve customer satisfaction by bringing to his new position his more than 30 years of experience with machinery and equipment and familiarity with Shemesh's clients, both old and new, gained through his previous positions with major industry players like Bauer, Multivac, and Elsner Engineering Works.

Global Food Automation Market Report Snapshots

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Food Automation Market size was valued at USD 12.13 billion in 2022 and is poised to grow from USD 12.94 billion in 2023 to USD 21.74 billion by 2031, at a CAGR 6.7% of during the forecast period (2024-2031).

Global Food Automation Market is fragmented and highly competitive. To maintain a competitive edge and increase their market position in the worldwide food automation market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint ventures, alliances, and partnerships. Prominent players include Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation and Schneider Electric SE. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Rockwell Automation, Inc.', 'Siemens AG', 'ABB Ltd.', 'Mitsubishi Electric Corporation', 'Schneider Electric SE', 'Yaskawa Electric Corporation', 'Emerson Electric Co.', 'Yokogawa Electric Corporation', 'GEA Group AG', 'Rexnord Corporation', 'Nord Drivesystems', 'Festo AG & Co. KG', 'Key Technology, Inc.', 'Fanuc Corporation', 'Omron Corporation', 'Bosch Packaging Technology (Robert Bosch GmbH)', 'JBT Corporation', 'Heat and Control, Inc.', 'SPX Flow, Inc.', 'Krones AG'

The per capita increase in food consumption and the growing rate of IoT plant automation are driving the growth of the food automation market. The Food Automation Market is expanding as a result of rising digitalization in the agricultural sector. Additionally, strict international laws governing food safety and rising health consciousness are macroeconomic factors that favourably affect the global food automation market. Rising technological innovation in automation is another important factor that will hasten the market's rate of expansion for food automation. Increased urbanisation and rising disposable income will boost the market for food automation. The market for food automation will experience further growth acceleration due to the growing adoption of automated systems in packaging and logistics.

Manufacturers create and package food using automation and robotics in the food industry. Technology has significantly improved food packaging by increasing food safety and shelf life. Due to AI, robotics, drones, and 3D printing in the food industry, food quality is increasing as production costs decrease. Manufacturers of food are now able to keep an eye on products and consumer demand, then use data analysis to match output to this need. Robotics and the creation of AI software enable this. Companies are better able to monitor food quality and safety when they are better equipped to assess crucial processes like processing, shipping, and storage, as well as whether food is accidentally tainted, where that food was sent, and where that food was purchased from. Recent significant investments in robotics and artificial intelligence have been made by a number of large food service companies.

Europe dominated the Global Food Automation Market in 2021 and is expected to continue this trend during the forecast period. This is because processed food and beverage products are in high demand, particularly in France, Germany, and Italy. Additionally, the region's demand for food automation is fueled by strict regulations imposed by regulatory bodies regarding the quality of processed food items. Additionally, developing regions like Eastern Europe are anticipated to experience significant growth in the processed food and beverage market, which will benefit the equipment industry and drive market expansion.

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Global Food Automation Market Competitive Landscape

Global Food Automation Market Report Snapshots

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