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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 Dynamics

Driver

Rising Need for Automation in Food Industry to Boost Market Growth

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.

Restraint

Complex Process to Hinder Market Growth

While major players in the food and beverage industry are investing in food automation, SME companies have been much slower to adopt automation. Automation and robot use in the food industry are constrained by the high level of product variability, the complexity of food processes, and the high investment requirements. However, one of the biggest challenges the food processing sector faces is filling the skills gap, which includes finding enough qualified engineers to run and maintain the machinery. A barrier for this market is the high cost of R&D activities, laboratories, and equipment, as well as the need to hire qualified personnel. The aforementioned factors are restraining market growth.

Global Food Automation Market Report Snapshots

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FAQs

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 Dynamics

Global Food Automation Market Report Snapshots

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