Thursday, August 18, 2022

Food Automation Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 


Rising adoption of technologies such as big data analytics, IT/OT convergence, digital twin, artificial intelligence, 3D printing, and automation technologies are some of the prominent reasons which are driving the growth of the food automation market. IoT and AI are helping companies reach high levels of food safety, improve traceability, cut down waste, and reduce costs and risks across the various stages of food processing and packaging. According to a survey from the Association for Packaging and Processing Technologies, 94% of food packaging operations are using robotics already. As for food processing, approximately a third of companies are using robotics.
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According to UnivDatos Market Insights (UMI)research report “Global Food Automation Market Analysis, 2020”, According to the Robotic Industries Association and Association for Advancing Automation, orders of robotic systems by food and consumer goods manufacturers grew by 56% in 2020. The Growing Demand for processed and packed food owing to the rapidly rising working couples, hectic life schedules, growth in disposable income, and availability of organic packaged and processed food is adding growth to the demand for food automation in the industry

 Based on the type, the motor control segment acquired the -% market share and gathered USD - Mn market in 2020. The motors used in the food and beverage industry have demanding requirements in segments such as meat, dairy, and baking goods, poultry, and fish, as well as within applications such as mixers, grinders, and conveyors. Improvement in Motors and Generators hugely impact the growth of the food automation industry making the industry efficient as well as cost-effective.

Based on the application, the palletizing segment grabbed -% market share and dominated the market in 2020. As per the Association for Packaging and Processing Technologies,  around  33% of the food processing and 94% of packaging operations are using robotics.  Also, 50% of the companies are focused on increasing the level of automation in the net 3-5 years. Furthermore, Association of Labor Providers, 70% of food and beverage manufacturing companies were suffering from a shortage of low and unskilled labor.

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The Asia Pacific to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the Asia-Pacific region dominated the global food automation market in 2020. Promulgating per capita income coupled with the rising demand for ready-to-eat food items is contributing to the market growth of the region. However, Europe would witness a robust CAGR in the forthcoming years stated in UnivDatos Market Insights (UMI)research report “Global Food Automation Market Analysis, 2020”.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global food automation market are Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Food Automation Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the food automation market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  
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 Market Segmentation:

1.      By Type (Motor Controls, Discrete controllers & visualization, Rotary products, Others)

2.      By Application (Processing, Packaging & Repackaging, Palletizing, Sorting & Grading, Others)

3.      By End-Users (Dairy, Bakery, Confectionery, Fruits and Beverage, Meat-Poultry & Sea-Food, Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation)

Key questions answered in the study:

1.      What are the current and future trends of the global food automation market industry?

2.      How the industry has been evolving in terms of end-user demand and application areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the food automation industry?

5.      What are the customer orientation, purchase behavior, and expectations from the food automation firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL FOOD AUTOMATION COVID-19 IMPACT

6 GLOBAL FOOD AUTOMATION REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 FOOD AUTOMATION DYNAMICS

12 FOOD AUTOMATION OPPORTUNITIES

13 FOOD AUTOMATION TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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