The Artificial Intelligence in Food and Beverages Market

Artificial Intelligence (AI) technologies are being constantly developed in order to assist human-beings in several ways. Innovations in automation industry have begun to impact the other industrial processes. Food and beverages industry is also changing quickly and has improved in the various ways wherein foods are being packaged and delivered. The food industry moving towards automation, managed to put various automatic processes into place. Different ways are being explored by food manufacturers to enhance productivity through automation, regardless it is actual processing or packaging of food. The rising concern regarding improving supply chain efficiency, as well as the continuous adoption of sophisticated technologies in the food and beverage industry is a major driver accelerating market expansion. The rising consumer preference for less cost, easily accessible and fast food options in the food and beverage industry, the surging requirement for consumer buying behavior analysis and inventory estimation to minimize food waste, the rising demand for AI implementation for better supply chain processes, and the surging demand for automated food sorting are all significant factors. The food and beverage industry's rising acceptance of big data technology to enhance exploration and production abilities, as well as an rise in venture capital investments, the food and beverage industry's rising need for automation, and significant burden to curb production costs, will all contribute to artificial intelligence growth in the food and beverage market. Apart from this, the strict regulatory compliances associated to food and safety processes will majorly impede the artificial intelligence (AI) in food and beverage market

Over the past several years, AI has attained a lot of traction, with various firms spending highly in researching the technology's possibilities in the sector. AI is supporting food and beverage firms with supply chain management through logistics, predictive analytics and transparency. AI in supply chains is helping firms in their efforts to innovate rapidly by reducing time to market and building a rapid supply chain capable of projecting and coping with risks. This is accelerating growth of artificial intelligence in the food and beverage industry.

The global Artificial Intelligence (AI) in Food & Beverages Market is segregated on the basis of Application as Food Sorting, Quality Control and Safety Compliance, Consumer Engagement, Production and Packaging, Maintenance and Other Applications. Based on End User the global Artificial Intelligence (AI) in Food & Beverages Market is segmented in Food Processing Industry, Hotel and Restaurant and Beverage Industry.

The global Artificial Intelligence (AI) in Food & Beverages Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Artificial Intelligence (AI) in Food & Beverages Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

GREEFA, TOMRA System ASA, Honeywell International Inc., Martec of Whitell Ltd. Sesotec GmbH, Key Technology Inc. and others are among the major players in the global Artificial Intelligence (AI) in Food & Beverages Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In March 2019, TOMRA Sorting Recycling introduced a cloud-based dat a platform, TOMRA Insight, which creates new opportunities for sorting equipment users. This can convert sorting from an operational process into a management tool for fact-based decision-making at each phase of the value and production chain.
• In August 2018, Key Technology launched VERYX digital sorters for fresh-cut leafy vegetables. VERYX is the world’s only belt-fed sorter which can examine entire product in-air with top and bottom sensors, as to identify and remove all foreign materials (FM) and product defects. By integrating Key’s expertise in sorting and conveying, these integrated VERYX systems are particularly designed to tackle the challenges of sorting leafy vegetbles.
• In 2018, the Haidilao, a hotpot chain based in China had started the first AI technology restaurant in Beijing. The restaurant serves the customers with intelligent robots who are working as waiters and a panoramic screen facilitated to order anything available in the restaurant and offer the customer with a customized hotpot experience.

The global Artificial Intelligence (AI) in Food & Beverages Market has been segmented as below:

Artificial Intelligence (AI) in Food & Beverages Market, By Application

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

Artificial Intelligence (AI) in Food & Beverages Market, By End User

• Food Processing Industry
• Hotel and Restaurant
• Beverage Industry

Artificial Intelligence (AI) in Food & Beverages Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Artificial Intelligence (AI) in Food & Beverages Market, By Company

• GREEFA
• TOMRA System ASA
• Honeywell International Inc.
• Martec of Whitell Ltd. Sesotec GmbH
• Key Technology Inc.
• Raytec Vision SpA
• Rockwell Automation
• ABB Ltd.
• Foodable Network, LLC. Startup Creator
• Compac Sorting Equipment
• Agco Corporation
• National Recovery Technologies, Llc
• Max-Ai, Buhler AG
• QualySense AG
• Bratney Companies
• BoMill AB
• Milltec Clarfai, Inc.
• BBC technologies

The report covers the below scope:

• Global Artificial Intelligence (AI) in Food & Beverages Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Artificial Intelligence (AI) in Food & Beverages Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Artificial Intelligence (AI) in Food & Beverages Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Artificial Intelligence (AI) in Food & Beverages Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Artificial Intelligence (AI) in Food & Beverages Market share. Major industry players with significant revenue share include GREEFA, TOMRA System ASA, Honeywell International Inc., Martec of Whitell Ltd. Sesotec GmbH, Key Technology Inc. and others.

Why to Buy this Report:

• Gain detailed insights on the Artificial Intelligence (AI) in Food & Beverages industry trends
• Find complete analysis on the market status
• Identify the Artificial Intelligence (AI) in Food & Beverages Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Artificial Intelligence (AI) in Food & Beverages Market, By Application

5.1.      Key Points

5.2.  Food Sorting

5.3.  Quality Control and Safety Compliance

5.4.  Consumer Engagement

5.5.  Production and Packaging

5.6.  Maintenance

5.7.  Other Applications

6.    Artificial Intelligence (AI) in Food & Beverages Market, By End User

6.1.      Key Points

6.2. Food Processing Industry

6.3. Hotel and Restaurant

6.4. Beverage Industry

7.     Competitive Landscape

7.1.      Introduction

7.2.     Start-up companies- Artificial Intelligence (AI) in Food & Beverages Market

7.3.     Recent Developments

7.3.1.      Mergers & Acquisitions

7.3.2.     New Product Developments

7.3.3.     Portfolio/Production Capacity Expansions

7.3.4.     Joint Ventures, Collaborations, Partnerships & Agreements

7.3.5.     Others

8.    Company Profile

8.1.  GREEFA

8.2. TOMRA System ASA

8.3. Honeywell International Inc.

8.4. Martec of Whitell Ltd. Sesotec GmbH

8.5. Key Technology Inc.

8.6. Raytec Vision SpA

8.7.  Rockwell Automation

8.8. ABB Ltd.

8.9. Foodable Network, LLC. Startup Creator

8.10.                   Compac Sorting Equipment

8.11.                    Agco Corporation

8.12.                   National Recovery Technologies, Llc

8.13.                   Max-Ai, Buhler AG

8.14.                   QualySense AG

8.15.                   Bratney Companies

8.16.                   BoMill AB

8.17.                    Milltec Clarfai, Inc.

8.18.                   BBC technologies