(2019 – 2024) Food Automation Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Food Automation Market is expected to grow at a CAGR of over 6% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Food Automation market and main aspect about report- why should you buy this research report? so don’t miss it.
Food Automation Market Overview:
The food packaging market is expected to register a CAGR of over 6% over the forecast period 2019 – 2024. Automation technologies are used widely in the processing industries. Food processing is highly monotonous and repetitive in nature. Automation of these tasks enhances product quality, process efficiency, and saves labor charges as well.
– The growth in overall automation levels is allowing processing and packaging plants to introduce new products on the same assembly lines. Moreover, one out of five packaging and processing plants already deal with more than 100 product types, with a majority expecting that number to increase in the next few years.
– Technological enhancements in the automation industry and the stringent food safety regulations regarding food hygiene are boosting the market’s growth positively.
– Changes in the consumer demands towards preferring fast, affordable, and easily accessible food options has led to the transformation in the food & beverages industry, with vendors leveraging automation technologies to scale operations and help companies stay relevant in the dynamic market environment.
– Furthermore, increasing demand for advanced automated systems such as robotics will boost the growth of the market over the forecast period. For instance, According to a survey from the Association for Packaging and Processing Technologies, 94% of food packaging operations are using robotics already. As for food processing, approximately a third of companies are using robotics.
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List of Top Key-players/Leading Manufacturers of Food Automation Market:
Scope of the Food Automation Market Report:
The automation in the food industry simplifies food packaging process, which includes food sorting & grading, packing, and managing processes. The automation acts as an effective solution for enterprises requiring an efficient solution for overcoming numerous challenges such as enhancing productivity, improving yield, optimizing resource management, mitigating security risks, and improving asset management.
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Key Trends of Food Automation Market:
Motors & Generators Type is Expected to Hold the Significant Share
– The motors used in the food and beverage industry have demanding requirements in segments such as meat, dairy and baking goods, poultry and fish, as well as within applications such as mixers, grinders, and conveyors. It is also necessary that machines operate without fault, for longer and at the highest possible level of energy efficiency throughout their lifespan.456- The growing significance of motors in motion control applications involving high-pressure wash-down and high torque applications with precise motion control has greatly improved their functionality. Generators ensure smooth and efficient functioning of systems in the food industry. 456- A company such as ABB Ltd. provide motors which help to run food and beverage applications, from raw material handling to processing and conveying, to packing and storage, without compromising on the standards demanded in the industry.
Asia-Pacific is Expected to Witness Highest Growth Rate
– Asia-Pacific is anticipated to witness the highest growth rate owing to the high growth of the Food & Beverage industry in the region. The region is witnessing tremendous growth for the food and beverage industry due to an increase in health awareness, disposable income, and urbanization. Due to this, many players of F&B are moving from manual to automation processing to increase the output and develop new products, which ultimately drives the growth of the market.456- For instance, according to the World Bank, the urbanization rate in China increased to 57.90% in the year 2017 from 51.89% in 2012. This has resulted in a growing demand for food and beverages and made China one of the largest food and beverage industry in the world.456- Similarly, in India allocation of the Ministry of Food Processing has been doubled from INR 715 crore in 2017-18 to INR 1400 crore in 2018-19.456- Moreover, a rising number of manufacturers operating in the F&B industry is anticipated to boost the market’s growth positively over the forecast period. Growing adoption of automated technologies in production facilities also fuels the regional food automation market.
Reasons to Purchase Food Automation Market Report:
- The report analyses how the stringent emission control norms will drive the global Food Automation market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Food Automation market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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