Global Food Automation Market Size, Forecasts, And Opportunities – Includes Food Automation Market Report
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The global food automation market is expected to grow from $11.08 billion in 2021 to $12.09 billion in 2022 at a compound annual growth rate (CAGR) of 9.12%. The global food automation market size is expected to reach $17.46 billion in 2026 at a compound annual growth rate (CAGR) of 9.63%.
The rising adaptability of automation is expected to propel the food automation market.
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The food automation market consists of sales of food automation machines by entities (organizations, sole traders, and partnerships) that is used in the multiple food processing activities to reduce the human input in food processing tasks. Food automation aims primarily to improve line efficiencies, increase productivity and production quality, and increase profit. It is used for food packaging, raw material mixing, and preparation area of the products for quality and hygiene production.
Global Food Automation Market Segments Include:
By Type: Motors and Generators, Motor Controls, Discrete Controllers and Visualization, Rotary Products, Linear Products, Others
By Operation: Semi Automatic, Fully Automatic
By Component: Plant Instrumentation, Plant-Level Controls, Enterprise-Level Controls
By Application: Bakery Products, Drinks, Candy, Snacks, Fruits and Vegetables, Meat, Other
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global food automation market in 2021.
Technological advancement is a key trend gaining popularity in the food automation market. The market is witnessing the implementation of next-generation food automation technologies such as robotics, digital twins, internet of things (IoT), analytics, data processing, automated control systems, and others. These advanced solutions offer complete automation reducing human needs entirely and increasing profitability while ensuring safety.
TBRC’s Food Automation Market Report Covers:
Major Market Players: ABB Ltd, GEA Group, Mitsubishi Electric Corporation, Rexnord Corporation, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Fortive Corporation, Emerson Electric Co, Falcon Autotech Pvt Ltd, Fanuc Corporation, Neologic Engineers Private Limited and JLS Automation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Food Automation Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides food automation market overviews, analyzes and forecasts market size, share, food automation market players, food automation market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s food automation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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