by The global AI in food and beverages market size was estimated to be around US$ 8 billion in 2023 and is projected to reach US$ 214.62 billion by 2033, indicating a CAGR of 39% from 2024 to 2033.
Key Points
- North America dominated the largest market share of 39.5% in 2023.
- Asia Pacific is expected to express the fastest rate of expansion during the forecast period of 2024-2033.
- By technology, the machine learning segment had the highest share of the market in 2023.
- By technology, the automation, and robotics segment will show significant growth during the forecast period.
- By application, the food processing segment has the highest market share in 2023.
- By application, the supply chain management segment will show the fastest rate of expansion during the forecast period of 2024-2033.
- By end user, food manufacturers segment had the highest share of the market in 2023.
- By end user, the restaurant segment will showcase the highest expansion rate during the forecast period.
The market research report on the AI in food and beverages market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of AI in food and beverages products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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AI in Food and Beverages Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 39% |
| Global Market Size in 2023 | USD 8 Billion |
| Global Market Size by 2033 | USD 214.62 Billion |
| U.S. Market Size in 2023 | USD 2.21 Billion |
| U.S. Market Size by 2033 | USD 60.52 Billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Technology, By End-user, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: 5G Technology ROI Market Size to Attain USD 84,885.49 Bn by 2033
The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global AI in food and beverages market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the AI in food and beverages market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of AI in food and beverages products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the AI in food and beverages market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on xx market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the AI in food and beverages market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
AI in Food and Beverages Market Companies
- Rockwell Automation Inc.
- TOMRA Sorting Solutions AS
- Milltec Clarfai, Inc.
- ABB Ltd.
- INTELLIGENT Brewing Co.
- Honeywell International Inc.
- Sight Machine Inc.
- Raytec Vision SpA
- Key Technology Inc.
- Google LLC
- Impact Vision
- SAP SE
- NVIDIA Corporation
- Buhler Group
- IBM Corporation
- Microsoft Corporation
Segments Covered in the Report
By Technology
- Machine Learning
- Computer Vision
- Robotics and Automation
By End-user
- Food Manufacturers
- Farmers and Growers
- Restaurants
- Others
By Application
- Precision Agriculture
- Food Processing
- Supply Chain Management
- Retail Services
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on AI in Food and Beverages Market
5.1. COVID-19 Landscape: AI in Food and Beverages Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global AI in Food and Beverages Market, By Technology
8.1. AI in Food and Beverages Market, by Technology, 2024-2033
8.1.1 Machine Learning
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Computer Vision
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Robotics and Automation
8.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global AI in Food and Beverages Market, By End-user
9.1. AI in Food and Beverages Market, by End-user, 2024-2033
9.1.1. Food Manufacturers
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Farmers and Growers
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Restaurants
9.1.3.1. Market Revenue and Forecast (2021-2033)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global AI in Food and Beverages Market, By Application
10.1. AI in Food and Beverages Market, by Application, 2024-2033
10.1.1. Precision Agriculture
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Food Processing
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Supply Chain Management
10.1.3.1. Market Revenue and Forecast (2021-2033)
10.1.4. Retail Services
10.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global AI in Food and Beverages Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2021-2033)
11.1.2. Market Revenue and Forecast, by End-user (2021-2033)
11.1.3. Market Revenue and Forecast, by Application (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Technology (2021-2033)
11.1.4.2. Market Revenue and Forecast, by End-user (2021-2033)
11.1.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Technology (2021-2033)
11.1.5.2. Market Revenue and Forecast, by End-user (2021-2033)
11.1.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2021-2033)
11.2.2. Market Revenue and Forecast, by End-user (2021-2033)
11.2.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Technology (2021-2033)
11.2.4.2. Market Revenue and Forecast, by End-user (2021-2033)
11.2.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Technology (2021-2033)
11.2.5.2. Market Revenue and Forecast, by End-user (2021-2033)
11.2.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Technology (2021-2033)
11.2.6.2. Market Revenue and Forecast, by End-user (2021-2033)
11.2.6.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Technology (2021-2033)
11.2.7.2. Market Revenue and Forecast, by End-user (2021-2033)
11.2.7.3. Market Revenue and Forecast, by Application (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2021-2033)
11.3.2. Market Revenue and Forecast, by End-user (2021-2033)
11.3.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Technology (2021-2033)
11.3.4.2. Market Revenue and Forecast, by End-user (2021-2033)
11.3.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Technology (2021-2033)
11.3.5.2. Market Revenue and Forecast, by End-user (2021-2033)
11.3.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Technology (2021-2033)
11.3.6.2. Market Revenue and Forecast, by End-user (2021-2033)
11.3.6.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Technology (2021-2033)
11.3.7.2. Market Revenue and Forecast, by End-user (2021-2033)
11.3.7.3. Market Revenue and Forecast, by Application (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2021-2033)
11.4.2. Market Revenue and Forecast, by End-user (2021-2033)
11.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Technology (2021-2033)
11.4.4.2. Market Revenue and Forecast, by End-user (2021-2033)
11.4.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Technology (2021-2033)
11.4.5.2. Market Revenue and Forecast, by End-user (2021-2033)
11.4.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2021-2033)
11.4.6.2. Market Revenue and Forecast, by End-user (2021-2033)
11.4.6.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Technology (2021-2033)
11.4.7.2. Market Revenue and Forecast, by End-user (2021-2033)
11.4.7.3. Market Revenue and Forecast, by Application (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2021-2033)
11.5.2. Market Revenue and Forecast, by End-user (2021-2033)
11.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Technology (2021-2033)
11.5.4.2. Market Revenue and Forecast, by End-user (2021-2033)
11.5.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Technology (2021-2033)
11.5.5.2. Market Revenue and Forecast, by End-user (2021-2033)
11.5.5.3. Market Revenue and Forecast, by Application (2021-2033)
Chapter 12. Company Profiles
12.1. Rockwell Automation Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. TOMRA Sorting Solutions AS
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Milltec Clarfai, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. ABB Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. INTELLIGENT Brewing Co.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Honeywell International Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Sight Machine Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Raytec Vision SpA
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Key Technology Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Google LLC
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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