Food Automation Market Research Report Overview:
Global food automation market is valued at approximately USD 118.8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2018-2025. Automation is the usage of control systems aimed at the functioning of different types of machinery and equipment without human interference. Growing demand for production, profitability, and superiority in food industry adoption of automation is increasing. Also, automation in the food industry promotes better quality control and better-quality assurance. Hence, automation is extremely critical for the food industry as it matches with the environmental regulatory agencies and food safety terms. Furthermore, rising demand for automation in the food sector is a key trend for the industrial automation and process control industry. Advancements in food automation have transformed the performance of various food sectors. However, high initial investment related to the installation of such equipment is a major factor that impedes the growth of the market over the forecast period of 2018-2025.
On the basis of segmentation, the food automation market is segmented into Product and Application. On the basis of the product segment, the food automation market is segmented into discrete controller and visualization, generators and motors, linear and rotary products, motor controls and others. The Generators and Motors segment is on surging trend in the global scenario. The same segment holds the leading position in the food automation market. The Generators and Motors segment is expected to be valued at USD 5151.9 million in terms of revenue in 2025. Food manufacturers need to become more flexible and agile to satisfy the increasing and changing requirements of consumers and retailers. Food Automation products are gaining traction globally as it simplifies the food wrapping process, which includes sorting, packaging, and food management processes. High adoption of automation in the food industry is observed owing to the increasing demand for productivity, quality, and profitability. Using automation, food manufacturers can use various products such machine vision systems in order to measure some aspects of the outcomes of the manufacturing process such as texture, shape, size, and location that is indicative of the efficiency, quality, and accuracy of the process. The measured parameters can be used as feedback in real time control loop which optimizes the process through variations in process parameters such as temperature, speed, and flow rate. Increasing necessity to overcome challenges of sustaining the product quality and safety coupled with the need to maintain the effective and smooth functioning of systems is anticipated to foster the growth of the food automation products.
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Among the product segment, generators and motors are gaining acceptance owing to its inherent advantages such as help to run food industry applications, from raw material handling to processing and conveying, to packaging and storing, without compromising on the standards required in the industry. Apart from this, the discrete controller and visualization segment is expected to emerge as the fastest growing segment. Factors such as increasing demand for cost-effective and quality food products is anticipated to foster the growth of the segment over the forecast period.
On the basis of the application segment, the food automation market is segmented into bakery, beverages, confectionary, dairy, Fruits and vegetables, poultry and others. The beverages segment is on a surging trend in the global scenario. The same segment holds the leading position in the food automation market. Beverages segment is expected to be valued at USD 4368.7 million in 2025 in terms of revenue. Complete vertical integration of beverage manufacturing processes by adopting networked and computerized solution along with the value chain optimization is anticipated to promote the growth of the beverage segment over the forecast period. Further, the rising adoption of automation in the food industry is also anticipated to drive the application segment. For instance: In March 2017, as per the Survey conducted by the Association for Packaging and Processing Technologies reveals that almost a third of food and beverage processing and 94% of packaging operations are done using automation. Private players are also actively investing funds to promote the integration of automation processes into their manufacturing process. For instance: the United Kingdom-based meat producer Moy Park has invested around $ 23.83 million to upgrade its tow poultry processing facilities, that would boost the company’s manufacturing capacity to approximately 6 million birds per week. Similarly, as per the Union Budget 2017-2018, the Indian government has committed $1.2 billion to promote dairy processing activities. As a result, the adoption of demand for food automation solutions and systems would increase, promoting the growth of the application segment.
North America food automation market include the United States and Canada for analysis. In the United States, According to Food and Drug Administration, the FDA has stated that the food production in the United States should be done through scientific, risk-based and hazard analysis approach as it is mandatory to verify the food importer information. According to the Food and Agriculture Organization, the United States is the second leading country in terms of per capita food consumption globally. According to the Food and Agriculture Organization, The United States per capita food consumption accounted for 3750 Kilocalories in the year 2016 as compared to 3430 kilocalories in the year 2015. The surging per capita food consumption creates a lucrative opportunity for the development of food automation as escalating per capita food consumption would enhance the utility and demand of food packaging and food processing which would directly impact the adoption and growth of food automation market in the United States.
Market player included in this report are:
Mitsubishi Electric Corporation
ABB Ltd
Rockwell Automation, Inc
Schneider Electric SE
GEA Group
Nord Drivesystems
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Discrete Controller and Visualization
Generators and Motors
Linear and Rotary Products
Motor Controls
Others
By Application:
Bakery
Beverages
Confectionary
Dairy
Fruits and Vegetables
Poultry
Others
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Food Automation Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
Customization of this Report can be done as per the client’s requirement.
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