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