Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021

  • ID: 4427313
  • Report
  • Region: Global
  • 77 pages
  • TechNavio
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FEATURED COMPANIES

  • Aboard Software
  • Ailyti
  • Analytical Flavor Systems
  • Deepnify
  • ImpactVision
  • IntelligentX Brewing
  • MORE
About Artificial Intelligence (AI) in Food and Beverage (F&B) Industry

AI technologies have been developed over the years, to assist humans in deliberating, deducing, analyzing, and inventing new technologies that can help end-users. AI embodies multiple disciplines that allow computers to perform functions associated with human intelligence such as reasoning, problem-solving, and learning. Manufacturers in the F&B industry can experience several benefits by deploying AI technology in the manufacturing sector.
The analysts forecast the global artificial intelligence (AI) market in food and beverage (F&B) industry to grow at a CAGR of 42.18% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global artificial intelligence (AI) market in food and beverage (F&B) industry for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
  • Aboard Software
  • Ailyti
  • Analytical Flavor Systems
  • Deepnify
  • ImpactVision
Other prominent vendors
  • IntelligentX Brewing
  • Martec Of Whitwell
  • NotCo
  • Sight Machine
  • TOMRA
Market drivers
  • Regulations to improve food safety
  • For a full, detailed list, view the full report
Market challenges
  • Limited automation in the F&B industry in developing countries
  • For a full, detailed list, view the full report
Market Trends
  • Emergence of IIoT
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aboard Software
  • Ailyti
  • Analytical Flavor Systems
  • Deepnify
  • ImpactVision
  • IntelligentX Brewing
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Segmentation by application
  • Comparison by application
  • Transportation and logistics – Market size and forecast
  • Production planning – Market size and forecast
  • Quality control – Market size and forecast
  • Others – Market size and forecast
  • Market opportunity by application
PART 07: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast
  • EMEA – Market size and forecast
  • APAC – Market size and forecast
  • Market opportunity
PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Changes in business models of F&B players
  • Emergence of IIoT
  • Technology innovations in the market
PART 11: VENDOR LANDSCAPE
  • Competitive scenario
  • Other prominent vendors
PART 12: VENDOR ANALYSIS
  • Vendor overview
  • Aboard Software
  • Ailytic
  • Analytical Flavor Systems
  • Deepnify
  • ImpactVision
PART 13: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Global AI market in industrial sector 2016 and 2021 ($ billions)
Exhibit 02: Major AI technologies
Exhibit 03: Global AI market in F&B industry
Exhibit 04: Global AI market in F&B industry ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Application – Market size and forecast 2016-2021 (%)
Exhibit 07: Comparison by application
Exhibit 08: Transportation and logistics – Market size and forecast 2016-2021 ($ millions)
Exhibit 09: Transportation and logistics – Year-over-year growth 2017-2021 (%)
Exhibit 10: Production planning – Market size and forecast 2016-2021 ($ millions)
Exhibit 11: Production planning – Year-over-year growth 2017-2021 (%)
Exhibit 12: Quality control – Market size and forecast 2016-2021 ($ millions)
Exhibit 13: Quality control – Year-over-year growth 2017-2021 (%)
Exhibit 14: Others – Market size and forecast 2016-2021 ($ millions)
Exhibit 15: Others – Year-over-year growth 2017-2021 (%)
Exhibit 16: Global – Market size and forecast 2016-2021 (%)
Exhibit 17: Regional comparison
Exhibit 18: Americas – Market size and forecast 2016-2021 ($ millions)
Exhibit 19: Americas – Year-over-year growth 2017-2021 (%)
Exhibit 20: Top 3 countries in Americas
Exhibit 21: EMEA – Market size and forecast 2016-2021 ($ millions)
Exhibit 22: EMEA – Year-over-year growth 2017-2021 (%)
Exhibit 23: Top 3 countries in EMEA
Exhibit 24: APAC – Market size and forecast 2016-2021 ($ millions)
Exhibit 25: APAC – Year-over-year growth 2017-2021 (%)
Exhibit 26: Top 3 countries in APAC
Exhibit 27: Major elements of data-guided decision making in companies
Exhibit 28: Major areas of concern for manufacturers in the F&B industry that will propel AI demand
Exhibit 29: Evolution of production planning in F&B
Exhibit 30: Total distribution of costs incurred in a typical F&B manufacturing firm
Exhibit 31: Other prominent vendors
Exhibit 32: Product offering: Aboard Software
Exhibit 33: Product offering: Ailytic
Exhibit 34: Recent developments
Exhibit 35: Product offering: Analytical Flavor Systems
Exhibit 36: Product offering: Deepnify
Exhibit 37: Product offering: ImpactVision
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FEATURED COMPANIES

  • Aboard Software
  • Ailyti
  • Analytical Flavor Systems
  • Deepnify
  • ImpactVision
  • IntelligentX Brewing
  • MORE
New Report Released: – Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021

The author of the report recognizes the following companies as the key players in the global artificial intelligence (AI) market in food and beverage (F&B) industry: Aboard Software, Ailyti, Analytical Flavor Systems, Deepnify, and ImpactVision.

Other Prominent Vendors in the market are: IntelligentX Brewing, Martec Of Whitwell, NotCo, Sight Machine, and TOMRA.

Commenting on the report, an analyst from the research team said: “One trend in the market is emergence of IIoT. The development of Industrial Internet of Things (IIoT) and technological enhancements will fuel the adoption of AI in the F&B industry. The high demand and use of smart devices, wireless, and cloud technology will influence the future of industrial robots, such as collaborative robots, in terms of the range of utility and mode of operation.”

According to the report, one driver in the market is regulations to improve food safety. Manufacturers in the F&B industry are increasingly adopting automation to meet regulations and guidelines set by industry associations for ensuring maintenance in the quality of products offered. For instance, Food & Drug Administration’s Food Safety Modernization Act (FSMA) introduced regulations in September 2016, which necessitate large food manufacturers to meet preventive controls and Current Good Manufacturing Practice (CGMPS) requirements. F&B manufacturers are required to have a safety system in place for analysis of hazards and risk-based preventive controls.

Further, the report states that one challenge in the market is limited automation in the F&B industry in developing countries. A major factor that has limited the adoption of AI in the F&B industry is the limited investment in technology by manufacturers. The forecast period will see the limited adoption of technologies and automation as a major challenge for the growth of the AI market in F&B industry. This is a major challenge worldwide, as manufactures in the F&B industry are mainly family-run businesses and domestic companies with limited global presence. Thus, they face budgetary constraints in employing automated solutions, especially those relying on advanced technologies such as AI.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Aboard Software
  • Ailyti
  • Analytical Flavor Systems
  • Deepnify
  • ImpactVision
  • IntelligentX Brewing
  • Martec Of Whitwell
  • NotCo
  • Sight Machine
  • TOMRA
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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