Global Artificial Intelligence in Food and Beverages Market Size & Share to 2027

Artificial intelligence is defined as the process of making intelligent machines which work and react like humans. The major objective is to teach the machine to think intelligently just the way humans do. These technologies provide huge opportunities to food and beverages industry revolutionize critical aspects of their business processes. In these industry retailers, hotels, and restaurants are rapidly changing their business strategies to incorporate advanced technologies to fulfill the customer demands. Through the implementation of artificial intelligence technologies retailers in food and beverages industry can transform business processes and directly improve the customer experience.

Market Drivers

The increase in adoption of advanced technologies in food and beverages industry is expected to boost the growth of global artificial intelligence in food and beverages industry market growth. Furthermore, the rise in concern regarding improvement of supply chain efficiency will positively influence the market growth during this forecast timeline. Also, change in consumer preference towards easily accessible, affordable, and fast food options has ushered in transformation in food and beverages sector. It is anticipated to propel the global artificial intelligence in food and beverages market growth during this forecast period. Artificial intelligence and machine learning technologies are scaling up operations and assisting companies to retain its relevance in a dynamic environment of global market.

Market Restraints

High cost associated with large scale deployment of the technology is the major restraini9ng factor which expected to hamper the global artificial intelligence in food and beverages market growth. Also, lack of technical experts will limit the global artificial intelligence in food and beverages market growth over the forecast period.

Market Segmentation

The Global Artificial Intelligence in Food and Beverages Market is segmented into application such as Food Sorting, Quality Control and Safety Compliance, Consumer Engagement, Production and Packaging, and Maintenance. Further, market is segmented into end user such as Food Processing, Hotel and Restaurant, and Beverage.

Also, Global Artificial Intelligence in Food and Beverages Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Some key operating players are discussed in this report such as Raytec Vision SpA, Rockwell Automation Inc., ABB Ltd, TOMRA Sorting Solutions AS, Honeywell International Inc., Key Technology Inc., GREEFA, Sesotec GmbH, Martec of Whitell Ltd,and Sight Machine Inc.

Market Taxonomy

By Application

• Food Sorting
• Quality Control and Safety Compliance
• Consumer Engagement
• Production and Packaging
• Maintenance

By End User

• Food Processing
• Hotel and Restaurant
• Beverage

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Artificial Intelligence in Food and Beverages Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?