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How Rapidly is the AI In Food And Beverages Market Expected to Expand Between 2025 and 2034 Based on Current Trends?

The market size of AI in the food and beverages sector has expanded dramatically in the past few years. It is projected to increase from $9.4 billion in 2024 to $13.61 billion in 2025, reflecting a compound annual growth rate (CAGR) of 44.8%. The remarkable growth during this historical period is due to reasons like improved quality control, efficient supply chain management, increased consumer preference for personalization, effective production methods, and adherence to regulations.

The market size of AI in food and beverages is anticipated to witness a remarkable surge in the coming years, expanding to “$56.47 billion by 2029 at a compound annual growth rate (CAGR) of 42.7%. This anticipated expansion during the projection period can be associated with advanced product formulation, improved customer interaction, practices that are environmentally friendly and sustainable, precision farming, and flexible pricing strategies. Key trends for the forecast period comprise improved customer service, blockchain incorporation for increased transparency, robotic process automation (RPA), AI’s role in flavor and product formulation, and monitoring of food safety.

Which Primary Drivers Are Supporting the Continued Expansion of the ai in food and beverages Market?

The increased interest in dietary supplements is forecasted to boost the expansion of the AI in the food and drink industry. Dietary supplements, which are usually composed of one or several nutritional components like vitamins, minerals, herbs, amino acids, and enzymes, are becoming increasingly popular. This surge in demand is largely due to an expanding elderly population, heightened health consciousness, and hectic day-to-day routines, as people search for handy methods to maintain their health and wellness. AI uses individual health records, preferences, and nutritional requirements to formulate customized supplement suggestions, thereby enhancing consumer contentment and compliance with supplement programs. For example, the Council for Responsible Nutrition, a US non-profit trade group, conducted the 2022 Consumer Survey on Dietary Supplements in October 2022. It involved 3,133 U.S. adults aged 18 and up, out of which 2,342 claimed to use dietary supplements either seasonally, sporadically, or regularly. 75% of Americans include dietary supplements in their daily routine. Hence, the growing demand for dietary supplements stimulates the AI in the food and beverage sector.

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Which Key Players Are Shaping the Future of the AI In Food And Beverages Market?

Major companies operating in the AI in food and beverages market include:

• Raytec Vision SpA_x000D_

• Rockwell Automation Inc._x000D_

• ABB Ltd._x000D_

• Honeywell International Inc._x000D_

• TOMRA Sorting Solutions AS_x000D_

How Are the Latest Trends Influencing the Growth of the AI In Food And Beverages Market?

Emerging technological innovations are becoming a leading trend in the AI in food and beverages industry. Firms in this sector are engaging with new tech concepts to maintain their market standing. For example, Tastewise, an Israeli software enterprise, introduced TasteGPT, a chatbot innovation, in March 2023. This chatbot was designed to increase output for the firm’s customers, including brands by reducing the duration of research and development phases. TasteGPT is capable of providing answers to business queries regarding innovation and insight within seconds.

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What Are the Core Segments of the AI In Food And Beverages Market, and How Do They Contribute to Growth?

The AI in food and beverages market covered in this report is segmented –

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

Subsegments:

1) By Hardware: Sensors, Robots, Processors, Automation Systems, IoT Devices

3) By Software: Machine Learning Software, Data Analytics Software, Quality Control Software, Supply Chain Management Software, Customer Relationship Management (CRM) Software

What Regions Are At the Forefront of AI In Food And Beverages Market Expansion?

North America was the largest region in the AI in food and beverages market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global AI in food and beverages market report during the forecast period. The regions covered in the AI in food and beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Is the AI In Food And Beverages Market Classified and Defined in Market Analysis?

Artificial intelligence in food and beverages refers to the utilization of advanced artificial intelligence and machine learning techniques in the food and beverages sector to control food waste, deliveries, and food safety. Big data analytics and machine learning models are used by AI to derive practical insights about consumer demands and preferences that help with product creation.

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