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Meticulous Research® – a leading global market research company published a research report titled “Food Automation Market by Component (Plant Level Controls, Enterprise Level Controls), Mode of Automation (Semi-automatic, Fully-automatic), Application (Packaging & Repacking, Butchery), and End-use (Beverages & Distilleries)– Global Forecast to 2027.”
According to this latest publication from Meticulous Research®, the food automation market is projected to reach a value of USD 29.4 billion by 2027, growing at a CAGR of 9.5% during the forecast period. The market growth is attributed to the increasing popularity and demand for automated solutions across all F&B sector processes. The rising competition among the F&B industry has created the need for the digitization of production facilities, which is expected to drive the growth of this market. However, the lack of skilled labor availability to operate the solutions and high maintenance costs are expected to hinder the food automation market development.
The food automation market study presents historical market data in terms of value (2019), estimated current data (2020), and forecasts for 2027. The market is segmented on component (plant instrumentation [sensors, motors & drivers, relays & switches, machine vision, robots, and others], Plant level controls [PLC, SCADA, DCS, Others], enterprise-level controls [PLM, ERP, MES]), mode of automation (semi-automatic, fully-automatic), application (packaging & repacking, palletizing & depalletizing, grading & sorting, pick & place, butchery, and others), end-use (beverages & distilleries, dairy processing, bakery & confectionery, meat, poultry & seafood products, fruits & vegetables, oil & fats, and others). The study also evaluates industry competitors and analyses the market at a country level.
Based on component, the food automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. The plant-level controls segment is expected to grow at the highest CAGR during the forecast period due to the rising utilization of control, data analysis, and process management software solutions, such as SCADA, PLC, and DCS. The F&B sector deploys hybrid automation solutions that combine, discrete, and process automation technologies and offers benefits for the overall processing & packaging activities.
Based on application, the food automation market comprises of packaging & repacking, palletizing & depalletizing, grading & sorting, pick & place, butchery, and other applications. The pick and place segment is expected to witness a considerable growth in the market. Vision-enabled robots have witnessed increasing demand over the human workforce due to the need to carry out inspection, identification, sorting, assembly, quality control, and other applications precisely.
The food automation market finds its end-uses across beverages & distilleries, dairy processing, bakery & confectionery, meat, poultry & seafood, fruits & vegetables, and oil & fats. In 2020, the dairy processing sector is expected to account for the largest share of the food automation market owing to the need for highly efficient systems for processing milk products, cheese, and ice cream.
This research report analyzes major geographies and provides a comprehensive analysis for North America (the U.S. and Canada), Europe (the U.K., Germany, France, Italy, Spain, the Netherlands, Switzerland, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of APAC), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (U.A.E., Saudi Arabia, South Africa, and Rest of MEA). In 2020, Asia-Pacific is poised to command the largest share of the food automation market, followed by Europe and North America. The APAC region's growth is mainly attributed to stringent government safety regulations for F&B quality & safety and the rapid adoption of digitization technologies across the manufacturing sector.
The key players operating in the food automation market are ABB Group (Switzerland), Rockwell Automation (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric (U.S.), Fanuc (Japan), Honeywell International (U.S.), Mitsubishi Electric Corporation (Japan), GEA Group (Germany), JLS Automation (U.S.), Falcon Autotech Pvt. Ltd (India), and Food Automation Pty. Ltd (Australia).
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Key questions answered in the report-
- Which are the high growth market segments in terms of component, application, end-use, and region/countries?
- What was the historical market for food automation across the globe?
- What are the market forecasts and estimates for the period 2020–2027?
- What are the major drivers, restraints, and opportunities in the food automation market?
- Who are the major players in the food automation market?
- How is the competitive landscape, and who are the market leaders in the food automation market?
- What are the recent developments in the food automation market?
- What are the different strategies adopted by the major players in the food automation market?
- What are the geographical trends and high growth regions/countries?
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