The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s AI In Food And Beverages Global Market Report 2023, the global AI in food and beverages market size is expected to grow from $4.46 billion in 2022 to $6.53 billion in 2023 at a compound annual growth rate (CAGR) of 46.6%. The global AI in food and beverages market size is expected to reach $27.99 billion in 2027 at a CAGR of 43.9%.

North America held the largest AI in food and beverages market share, and Asia-Pacific was the fastest-growing region in 2022.

AI In Food And Beverages Market Driver

The growing number of startups in food and beverages is expected to propel the growth of the AI in food and beverage market going forward. A food and beverage startup refers to a brand-new company operating in the food industry that brings innovation into the space by creating new food processing solutions, improving food delivery, and eliminating food waste. AI in food and beverage helps startups by analyzing the prevalent customer demands and desires and extracting useful insights pertaining to their needs that help to develop products. For instance, according to EMW Law, a UK-based commercial law firm, the number of new food and drink start-ups in the UK has increased 47% from 3,996 to 5,885 in 2021 compared to the previous year. Therefore, the growing number of startups in food and beverages is driving the growth of the AI in food and beverage market.

View More On The AI In Food And Beverages Market Report 2023 – https://www.thebusinessresearchcompany.com/report/ai-in-food-and-beverages-global-market-report

Key AI In Food And Beverages Market Segments

1) By Type: Hardware, Software

2) By Organization Size: Small Enterprises, Medium And Large Enterprises

3) By Application: Food Storing, Consumer Engagement, Quality Control, Safety Compliance, Production And Packaging, Maintenance, Other Applications

4) By Marketing Channel: Traditional Marketing Channel (Offline), Online Marketing Channel

5) By End User: Hotels And Restaurants, Food Processing Industries, Other End Users

AI In Food And Beverages Market Prominent Players

Major players in the ai in food and beverages market are Raytec Vision S.p.A., Rockwell Automation Inc., ABB Ltd., Honeywell International Inc., TOMRA Sorting Solutions AS, Sesotec GmbH, Martec of Whitell Ltd., Key Technology Inc., Greefa, Sight Machine Inc., Foodable Network LLC, Compac Sorting Equipment Ltd., Agco Corporation, National Recovery Technologies LLC, Max-AI, Buhler AG, QualySense AG, BoMill AB, Clarifai Inc., BBC technologies, and Intelligent X Brewing Co.

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Prominent AI In Food And Beverages Market Trend

Technological advancements are a key trend gaining popularity in the AI in food and beverages market. Companies operating in the AI in food and beverages market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Tastewise, an Israel-based software company launched TasteGPT, a chatbot technology. The chatbot is intended to speed up productivity for the company’s clients, which includes brands while cutting down on research and development periods. In a couple of seconds, TasteGPT can respond to queries from businesses on innovation and insight.

The AI In Food And Beverages Global Market Report 2023  provides comprehensive insights on the AI in food and beverages market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the AI in food and beverages market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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