The global market for Food Automation was valued at an estimated US$12.9 Billion in 2023 and is projected to reach US$19.5 Billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the food automation market is driven by several factors, reflecting the evolving needs and technological advancements within the food industry. One significant driver is the increasing demand for processed and packaged foods, fueled by changing consumer lifestyles and preferences for convenience. The rising concerns about food safety and quality control have also propelled the adoption of automation, as these systems provide more consistent and reliable outcomes. Labor shortages and the need for cost reduction in production processes are other critical factors encouraging the shift towards automated solutions.
Furthermore, the push for sustainability and waste reduction in the food industry drives the development of automation technologies that minimize resource usage and enhance efficiency. The ongoing advancements in AI, robotics, and IoT are continuously expanding the capabilities and applications of food automation systems, making them more accessible and effective for food manufacturers. These factors collectively ensure the robust growth and continuous innovation in the food automation market, shaping the future of food production and processing.
The growth in the food automation market is driven by several factors, reflecting the evolving needs and technological advancements within the food industry. One significant driver is the increasing demand for processed and packaged foods, fueled by changing consumer lifestyles and preferences for convenience. The rising concerns about food safety and quality control have also propelled the adoption of automation, as these systems provide more consistent and reliable outcomes. Labor shortages and the need for cost reduction in production processes are other critical factors encouraging the shift towards automated solutions.
Furthermore, the push for sustainability and waste reduction in the food industry drives the development of automation technologies that minimize resource usage and enhance efficiency. The ongoing advancements in AI, robotics, and IoT are continuously expanding the capabilities and applications of food automation systems, making them more accessible and effective for food manufacturers. These factors collectively ensure the robust growth and continuous innovation in the food automation market, shaping the future of food production and processing.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Motors & Generators segment, which is expected to reach US$7.8 Billion by 2030 with a CAGR of a 6.4%. The Discrete Controllers & Visualization segment is also set to grow at 6.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.9 Billion in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $2.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Food Automation Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Food Automation Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Food Automation Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., DESTACO, Emerson Electric Co., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 118 Featured):
- ABB Ltd.
- DESTACO
- Emerson Electric Co.
- Falcon Autotech Pvt Ltd.
- Food Automation Pty. Ltd.
- GEA Group Aktiengesellschaft
- Honeywell International Inc.
- JLS Automation
- NORD Drivesystems Pvt. Ltd.
- ProLeiT GmbH
- REGAL REXNORD CORPORATION
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens Aktiengesellschaft
- Yaskawa Electric Corporation
- Yokogawa Electric Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICBRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- DESTACO
- Emerson Electric Co.
- Falcon Autotech Pvt Ltd.
- Food Automation Pty. Ltd.
- GEA Group Aktiengesellschaft
- Honeywell International Inc.
- JLS Automation
- NORD Drivesystems Pvt. Ltd.
- ProLeiT GmbH
- REGAL REXNORD CORPORATION
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens Aktiengesellschaft
- Yaskawa Electric Corporation
- Yokogawa Electric Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 608 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 12.9 Billion |
| Forecasted Market Value ( USD | $ 19.5 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
