Blog Information

• Posted By : dean ambrose
• Posted On : Mar 27, 2023
• Views : 42
• Category : General
• Description : The global artificial intelligence (AI) in food & beverages market size reached US$ 5.27 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.9 Billion by 2028, exhibiting a growth rate (CAGR) of 39.6% during 2023-2028

Overview

• According to the latest report by IMARC Group “Artificial Intelligence (AI) in Food & Beverages Market: Global Industry Size, Share, Trends, Growth Rate, Research Report, Opportunity and Forecast 2023-2028 “. The global artificial intelligence (AI) in food & beverages market size reached US$ 5.27 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.9 Billion by 2028, exhibiting a growth rate (CAGR) of 39.6% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
  
  Artificial intelligence (AI) is a computer science field focused on developing robots that can simulate human intelligence and perform various industrial tasks that typically require human intervention. AI in the food and beverage (F&B) sector is used to execute various functions such as quality control , transportation meal, consumer engagement, industrial standard compliance, food sorting, and product packaging. It optimizes workflow, reduces the workload of workers, facilitates innovation of new products based on consumer recommendations, and enhances the purchasing experience. As a result, AI in food and beverages finds extensive applications in logistics, reducing human errors and making informed business decisions across the globe.
  
  Request for a free sample copy of this report: https://www.imarcgroup.com/artificial-intelligence-in-food-beverages-market/requestsample
  
  Artificial Intelligence (AI) in Food & Beverages Market Trends:
  
  The market is primarily driven by the increasing need to supply chain operational efficiency and the adoption of automated services for sorting diverse food and beverage products. Moreover, the growth of the hotel, restaurant, and catering (HoReCa) sector has augmented the product demand. Additionally, the surging adoption of AI in F&B to forecast inventory levels, monitor product quantities, detect production cycle time and minimize machine downtime as it reduces operational expenses has catalyzed the market growth. ML) solutions that deduce end goals, refine market strategies, and reduce warehousing costs, are contributing to market growth. Other factors, including the rapid expansion of the F&B industry,the rising establishment of quick-service restaurants (QSRs), and increasing collaborations among key players, are also anticipated to drive the market further.

  Report Segmentation:

  The report has segmented the market into the following categories:

  Application Insights:
  
  Food Sorting
  Quality Control and Safety Compliance
  Consumer Engagement
  Production and Packaging
  Maintenance
  Others
  
  End Use Insights:
  
  Food Processing Industry
  Hotel and Restaurant
  Beverage Industry
  
  Market Breakup by Region:
  
  North America (United States, Canada)
  Asia Pacific (China, Japan, India , South Korea, Australia, Indonesia, Others)
  Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  Latin America (Brazil, Mexico, Others)
  Middle East and Africa
  
  Competitive Landscape:
  
  ABB Ltd.
  Sesotec GmbH
  Siemens AG
  Sight Machine
  TOMRA System ASA
  
  Ask Analyst for Customization and Browse full report with TOC & List of Figure :  https://www.imarcgroup.com/artificial-intelligence-in-food-beverages-market
  
  If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
  
  About Us
  
  IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest -value opportunities, address their most critical challenges, and transform their businesses.
  
  IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
  
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