USD 12.13 billion
Report ID:
SQMIG20H2020 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
147
|Figures:
78
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).
Automation, also known as automatic control, is the use of control systems to operate different machines and equipment without the assistance of human workers. Due to the rising demands for profitability, productivity, and quality in the food industry, automation must be implemented. Food processing requires a lot of labour and is extremely monotonous and repetitive, which makes people less focused on quality control and increases the likelihood of various errors. These tasks can be automated to increase product quality and process effectiveness. It contributes to the preservation of food's consistency and quality, thereby assisting in preserving the brand value of food products. Depending on the size of the business and its expansion, either small or large scale players can adopt automation, and additional equipment and components can be added or customized with the least amount of resource waste.
The incorporation of numerous batch processes into an overall manufacturing system design that is used to provide online and continuous control capabilities from receiving raw materials to shipping finished goods has been made possible by recent technological advancements such as computer vision, expert systems, flexible manufacturing systems, systems engineering, computer integrated manufacturing, etc. For applications like palletizing and depalletizing, grading and sorting, packaging and repackaging, pick and place, processing, logistics, etc., automation has sped up the complex food packaging process. The use of automated systems has transformed the food manufacturing sector by bringing about a number of advantages, including better quality control, increased worker safety, end-to-end traceability, band and protection, and increased product efficiency.
US Food Automation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 12.13 billion
Largest Segment
Fully Automatic
Fastest Growth
Fully Automatic
Growth Rate
Automation Market size was valued at USD 12.13 bil CAGR
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Global Food Automation Market is segmented based on the type, component, automation, application, function and region. Based on Type, the market is segmented into Motors and Generators, Motor Controls, Discrete Controllers and Visualization, Rotary Products, Linear Products and Others. According to the component, it is bifurcated into Plant Level Controls and Enterprise Level Controls. According to automation the market is bifurcated into semi-automatic and fully automatic. On the basis of application, it is categorized into Dairy, Bakery, Confectionery, Fruit and Vegetable, Meat, Poultry, Seafood and Beverages. According to function it is sub segmented into Processing, Packaging and Repackaging, Palletizing, Sorting and Grading, Picking and Placing and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
The Motors and Generators segment accounted for the highest market share during 2021 and is expected to maintain its dominance during the forecast period. The multi-functionality of motors and generators is what primarily drives this market. Motors' functionality has been greatly improved by the growing importance of motors in motion control applications involving high-pressure wash-down and high torque with precise motion control. In the food industry, using generators helps systems run smoothly and effectively. It goes hand in hand with people becoming more and more aware of the advantages of generators for effective energy management.
The discrete controllers & visualisation segment had the second-highest market share due to its comprehensive nature and capacity to offer manufacturers integrated and flexible production options..
Analysis by Automation
During the forecast period, the fully automatic segment is anticipated to grow at the highest CAGR. This is due to the growing use of fully automated processing solutions for tasks like picking and placing, palletizing and depalletizing, packaging and repackaging, and grading and sorting. The availability of industrial robots and robotic systems has allowed several F&B sector participants to automate their processing and packaging units in place of human labour. The fully automated operational mode is anticipated to be driven by the trend toward replacing human labour with automated systems.
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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.
Asia Pacific region is expected to witness the fastest growth rate during the forecast period. This can be attributed to the region's quickly expanding food and beverage sector. Some of the key factors driving growth of the food automation market in Asia Pacific are diversification of diet, liberalisation of FDI (Foreign Direct Investment) in the food sector, and improvement in living standards among the populace due to rising disposable income. Additionally, there is a significant demand for food automation in the Asia Pacific region due to the growing number of manufacturers working in the food and beverage sector. Furthermore, over the forecast period, it is anticipated that a growing number of F&B industry manufacturers will positively influence the market's growth. The regional food automation market is also supported by the increasing use of automated technologies in manufacturing facilities.
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Driver
Rising Need for Automation in Food Industry to Boost Market Growth
Restraint
Complex Process to Hinder Market Growth
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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.
Top Player's Company Profiles
Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Food Automation Market analysis, in Food & Beverages facilities, the adoption of automated technologies and digitization initiatives has increased productivity. In order to increase operational efficiency and gain a competitive edge in the market, the key players in the Food & Beverages sector are emphasising investing in digitalization. Utilizing advanced technologies like cloud, sensors, virtualization, communication networks, robotics, and the industrial internet of things (IIoT) has enabled the value chain to be restructured as a result of the adoption of digitization. The adoption of cutting-edge technologies like IoT, blockchain, analytics, and AI has increased in response to the rising demand for fresh, organic, and healthful foods and beverages. This further simplifies the process and ensures an increase in sales.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.13 billion |
Market size value in 2031 | USD 21.74 billion |
Growth Rate | 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% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Food Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20H2020
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