Artificial Intelligence (AI) Market Size in Food and Beverage Industry to Grow by USD 5.66 bn| ABB Ltd. and Aboard Software Among Key Vendors | Technavio – PR Newswire

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NEW YORK, May 9, 2022 /PRNewswire/ — The artificial intelligence (AI) market in food and beverage industry will be led by North America. The region will account for 43% of the market’s growth during the forecast period. The market size is anticipated to grow by USD 5.66 billion from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 21.93%. This growth can be attributed to the rising demand for automation to improve productivity. However, lack of skilled personnel can hamper the growth of the market during the next few years.
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Read the report with TOC on "Artificial Intelligence (AI) Market In Food And Beverage Industry Market Analysis Report by Application (Transportation and logistics , Production planning, Quality control, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Forecasts, 2022-2026". View our Report Snapshot 
Major Five Artificial Intelligence (AI) in Food and Beverage Industry Companies: Key Offerings
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Artificial Intelligence (AI) Market In Food And Beverage Industry Market Application Outlook (Revenue, USD bn, 2021-2026)
Artificial Intelligence (AI) Market In Food And Beverage Industry Market Geography Outlook (Revenue, USD bn, 2021-2026)
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Regional Analysis
North America will have the highest market share growth during the forecast period. The increase in the adoption of advanced technologies with greater computing power to improve decision-making in food and beverage firms will drive the artificial intelligence (AI) market in food and beverage industry growth in North America during the forecast period. Market growth in this region will be slower than the growth of the market in the Middle East and Africa. The US is a key country for the artificial intelligence (AI) market in food and beverage industry in North America.
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Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 21.93%
Market growth 2022-2026
USD 5.66 billion
Market structure
Fragmented
YoY growth (%)
21.11
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 43%
Key consumer countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
ABB Ltd., Aboard Software, AGCO Corp., Ailytic Holdings Pty Ltd., Analytical Flavor Systems inc., Buhler AG, Compac Sorting Equipment, Duravant LLC, Foodable Network LLC, Honeywell international inc., Martec Of Whitwell Ltd., Ravenwood Packaging Ltd., Raytec Vision S.p.A., Rockwell Automation inc., Sesotec GmbH, Siemens AG, Sight Machine, and The Not Co. inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
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Table of Contents
1. Executive Summary                           
                1.1 Market Overview
                                Exhibit 01:  Executive Summary – Chart on Market Overview
                                Exhibit 02:  Executive Summary – Data Table on Market Overview
                                Exhibit 03:  Executive Summary – Chart on Global Market Characteristics
                                Exhibit 04:  Executive Summary – Chart on Market by Geography
                                Exhibit 05:  Executive Summary – Chart on Market Segmentation by Application
                                Exhibit 06:  Executive Summary – Chart on Incremental Growth
                                Exhibit 07:  Executive Summary – Data Table on Incremental Growth
                                Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning
2. Market Landscape                                                             
                2.1 Market ecosystem             
                                Exhibit 09:  Parent market
                                Exhibit 10:  Market characteristics
3. Market Sizing                       
                3.1 Market definition
                                Exhibit 11:  Offerings of vendors included in the market definition
                3.2 Market segment analysis 
                                Exhibit 12:  Market segments
                3.3 Market size 2021 
                3.4 Market outlook: Forecast for 2021 – 2026 
                                Exhibit 13:  Chart on Global – Market size and forecast 2021-2026 ($ million)
                                Exhibit 14:  Data Table on Global – Market size and forecast 2021-2026 ($ million)
                                Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)
                                Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis                          
                4.1 Five Forces Summary        
                                Exhibit 17:  Five forces analysis – Comparison between 2021 and 2026
                4.2 Bargaining power of buyers           
                                Exhibit 18:  Bargaining power of buyers – Impact of key factors in 2021 and 2026
                4.3 Bargaining power of suppliers       
                                Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026
                4.4 Threat of new entrants    
                                Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026
                4.5 Threat of substitutes         
                                Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026
                4.6 Threat of rivalry   
                                Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026
                4.7 Market condition
                                Exhibit 23:  Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Application                         
                5.1 Market segments
                                Exhibit 24:  Chart on Application – Market share 2021-2026 (%)
                                Exhibit 25:  Data Table on Application – Market share 2021-2026 (%)
                5.2 Comparison by Application             
                                Exhibit 26:  Chart on Comparison by Application
                                Exhibit 27:  Data Table on Comparison by Application
                5.3 Transportation and logistics  – Market size and forecast 2021-2026
                                Exhibit 28:  Chart on Transportation and logistics  – Market size and forecast 2021-2026 ($ million)
                                Exhibit 29:  Data Table on Transportation and logistics  – Market size and forecast 2021-2026 ($ million)
                                Exhibit 30:  Chart on Transportation and logistics  – Year-over-year growth 2021-2026 (%)
                                Exhibit 31:  Data Table on Transportation and logistics  – Year-over-year growth 2021-2026 (%)
                5.4 Production planning  – Market size and forecast 2021-2026               
                                Exhibit 32:  Chart on Production planning  – Market size and forecast 2021-2026 ($ million)
                                Exhibit 33:  Data Table on Production planning  – Market size and forecast 2021-2026 ($ million)
                                Exhibit 34:  Chart on  Production planning  – Year-over-year growth 2021-2026 (%)
                                Exhibit 35:  Data Table on Production planning  – Year-over-year growth 2021-2026 (%)
                5.5 Quality control – Market size and forecast 2021-2026           
                                Exhibit 36:  Chart on Quality control – Market size and forecast 2021-2026 ($ million)
                                Exhibit 37:  Data Table on Quality control – Market size and forecast 2021-2026 ($ million)
                                Exhibit 38:  Chart on Quality control – Year-over-year growth 2021-2026 (%)
                                Exhibit 39:  Data Table on Quality control – Year-over-year growth 2021-2026 (%)
                5.6 Others – Market size and forecast 2021-2026           
                                Exhibit 40:  Chart on Others – Market size and forecast 2021-2026 ($ million)
                                Exhibit 41:  Data Table on Others – Market size and forecast 2021-2026 ($ million)
                                Exhibit 42:  Chart on Others – Year-over-year growth 2021-2026 (%)
                                Exhibit 43:  Data Table on Others – Year-over-year growth 2021-2026 (%)
                5.7 Market opportunity by Application              
                                Exhibit 44:  Market opportunity by Application ($ million)
6. Customer landscape                         
                6.1 Customer landscape overview      
                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
                                Exhibit 45:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7. Geographic Landscape                     
                7.1 Geographic segmentation
                                Exhibit 46:  Chart on Market share by geography 2021-2026 (%)
                                Exhibit 47:  Data Table on Market share by geography 2021-2026 (%)
                7.2 Geographic comparison   
                                Exhibit 48:  Chart on Geographic comparison
                                Exhibit 49:  Data Table on Geographic comparison
                7.3 North America – Market size and forecast 2021-2026           
                                Exhibit 50:  Chart on North America – Market size and forecast 2021-2026 ($ million)
                                Exhibit 51:  Data Table on North America – Market size and forecast 2021-2026 ($ million)
                                Exhibit 52:  Chart on North America – Year-over-year growth 2021-2026 (%)
                                Exhibit 53:  Data Table on North America – Year-over-year growth 2021-2026 (%)
                7.4 Europe – Market size and forecast 2021-2026          
                                Exhibit 54:  Chart on Europe – Market size and forecast 2021-2026 ($ million)
                                Exhibit 55:  Data Table on Europe – Market size and forecast 2021-2026 ($ million)
                                Exhibit 56:  Chart on Europe – Year-over-year growth 2021-2026 (%)
                                Exhibit 57:  Data Table on Europe – Year-over-year growth 2021-2026 (%)
                7.5 APAC – Market size and forecast 2021-2026              
                                Exhibit 58:  Chart on APAC – Market size and forecast 2021-2026 ($ million)
                                Exhibit 59:  Data Table on APAC – Market size and forecast 2021-2026 ($ million)
                                Exhibit 60:  Chart on APAC – Year-over-year growth 2021-2026 (%)
                                Exhibit 61:  Data Table on APAC – Year-over-year growth 2021-2026 (%)
                7.6 South America – Market size and forecast 2021-2026           
                                Exhibit 62:  Chart on South America – Market size and forecast 2021-2026 ($ million)
                                Exhibit 63:  Data Table on South America – Market size and forecast 2021-2026 ($ million)
                                Exhibit 64:  Chart on South America – Year-over-year growth 2021-2026 (%)
                                Exhibit 65:  Data Table on South America – Year-over-year growth 2021-2026 (%)
                7.7 Middle East and Africa – Market size and forecast 2021-2026            
                                Exhibit 66:  Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
                                Exhibit 67:  Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
                                Exhibit 68:  Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
                                Exhibit 69:  Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
                7.8 US – Market size and forecast 2021-2026   
                                Exhibit 70:  Chart on US – Market size and forecast 2021-2026 ($ million)
                                Exhibit 71:  Data Table on US – Market size and forecast 2021-2026 ($ million)
                                Exhibit 72:  Chart on US – Year-over-year growth 2021-2026 (%)
                                Exhibit 73:  Data Table on US – Year-over-year growth 2021-2026 (%)
                7.9 China – Market size and forecast 2021-2026             
                                Exhibit 74:  Chart on China – Market size and forecast 2021-2026 ($ million)
                                Exhibit 75:  Data Table on China – Market size and forecast 2021-2026 ($ million)
                                Exhibit 76:  Chart on China – Year-over-year growth 2021-2026 (%)
                                Exhibit 77:  Data Table on China – Year-over-year growth 2021-2026 (%)
                7.10 UK – Market size and forecast 2021-2026
                                Exhibit 78:  Chart on UK – Market size and forecast 2021-2026 ($ million)
                                Exhibit 79:  Data Table on UK – Market size and forecast 2021-2026 ($ million)
                                Exhibit 80:  Chart on UK – Year-over-year growth 2021-2026 (%)
                                Exhibit 81:  Data Table on UK – Year-over-year growth 2021-2026 (%)
                7.11 Germany – Market size and forecast 2021-2026    
                                Exhibit 82:  Chart on Germany – Market size and forecast 2021-2026 ($ million)
                                Exhibit 83:  Data Table on Germany – Market size and forecast 2021-2026 ($ million)
                                Exhibit 84:  Chart on Germany – Year-over-year growth 2021-2026 (%)
                                Exhibit 85:  Data Table on Germany – Year-over-year growth 2021-2026 (%)
                7.12 Market opportunity by geography            
                                Exhibit 86:  Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends                   
                8.1 Market drivers     
                                8.1.1 Rising demand for automation to improve productivity
                                8.1.2 Regulations to improve food safety
                                8.1.3 Evolving industrial IoT and big data integration
                8.2 Market challenges              
                                8.2.1 Lack of skilled personnel
                                8.2.2 Limited automation in the food and beverage industry in developing countries
                                8.2.3 Security issues
                8.3 Impact of drivers and challenges  
                                Exhibit 87:  Impact of drivers and challenges in 2021 and 2026
                8.4 Market trends      
                                8.4.1 Emergence of IIoT
                                8.4.2 Technology innovations in the market
                                8.4.3 Advances in AI technology
9. Vendor Landscape                             
                9.1 Overview
                9.2 Vendor landscape
                                Exhibit 88:  Overview on Criticality of inputs and Factors of differentiation
                                The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 
                9.3 Landscape disruption        
                                Exhibit 89:  Overview on factors of disruption
                9.4 Industry risks        
                                Exhibit 90:  Impact of key risks on business
10. Vendor Analysis               
                10.1 Vendors covered              
                                Exhibit 91:  Vendors covered
                10.2 Market positioning of vendors    
                                Exhibit 92:  Matrix on vendor position and classification
                10.3 ABB Ltd.
                                Exhibit 93:  ABB Ltd. – Overview
                                Exhibit 94:  ABB Ltd. – Business segments
                                Exhibit 95:  ABB Ltd. – Key news
                                Exhibit 96:  ABB Ltd. – Key offerings
                                Exhibit 97:  ABB Ltd. – Segment focus
                10.4 Aboard Software              
                                Exhibit 98:  Aboard Software – Overview
                                Exhibit 99:  Aboard Software – Product / Service
                                Exhibit 100:  Aboard Software – Key offerings
                10.5 Ailytic Holdings Pty Ltd. 
                                Exhibit 101:  Ailytic Holdings Pty Ltd. – Overview
                                Exhibit 102:  Ailytic Holdings Pty Ltd. – Product / Service
                                Exhibit 103:  Ailytic Holdings Pty Ltd. – Key offerings
                10.6 Analytical Flavor Systems Inc.     
                                Exhibit 104:  Analytical Flavor Systems Inc. – Overview
                                Exhibit 105:  Analytical Flavor Systems Inc. – Product / Service
                                Exhibit 106:  Analytical Flavor Systems Inc. – Key offerings
                10.7 Duravant LLC      
                                Exhibit 107:  Duravant LLC – Overview
                                Exhibit 108:  Duravant LLC – Product / Service
                                Exhibit 109:  Duravant LLC – Key offerings
                10.8 Honeywell International Inc.        
                                Exhibit 110:  Honeywell International Inc. – Overview
                                Exhibit 111:  Honeywell International Inc. – Business segments
                                Exhibit 112:  Honeywell International Inc. – Key news
                                Exhibit 113:  Honeywell International Inc. – Key offerings
                                Exhibit 114:  Honeywell International Inc. – Segment focus
                10.9 Martec Of Whitwell Ltd.
                                Exhibit 115:  Martec Of Whitwell Ltd. – Overview
                                Exhibit 116:  Martec Of Whitwell Ltd. – Product / Service
                                Exhibit 117:  Martec Of Whitwell Ltd. – Key offerings
                10.10 Raytec Vision S.p.A.      
                                Exhibit 118:  Raytec Vision S.p.A. – Overview
                                Exhibit 119:  Raytec Vision S.p.A. – Product / Service
                                Exhibit 120:  Raytec Vision S.p.A. – Key offerings
                10.11 Rockwell Automation Inc.           
                                Exhibit 121:  Rockwell Automation Inc. – Overview
                                Exhibit 122:  Rockwell Automation Inc. – Business segments
                                Exhibit 123:  Rockwell Automation Inc. – Key news
                                Exhibit 124:  Rockwell Automation Inc. – Key offerings
                                Exhibit 125:  Rockwell Automation Inc. – Segment focus
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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