April 16, 2024
ICT

AI in Food and Beverages Market Size to Reach USD 214.62 Bn by 2033

The AI in food and beverages market size is poised to grow by USD 214.62 billion by 2033 from USD 8 billion in 2023, exhibiting a CAGR of 39% during the forecast period 2024 to 2033.

AI in Food and Beverages Market Size 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.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the AI in food and beverages market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the AI in food and beverages Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

Get a Sample Report: https://www.precedenceresearch.com/sample/3781

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 Worth USD 84,885.49 Bn by 2033

The empirical study on the global AI in food and beverages market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the AI in food and beverages Market. Our market report for the AI in food and beverages market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

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

Data Sources and Methodology

To gather comprehensive insights on the Global AI in food and beverages Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global AI in food and beverages Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the AI in food and beverages market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

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

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global AI in food and beverages market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global AI in food and beverages market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global AI in food and beverages market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global AI in food and beverages market but also the strategic plans of industry leaders.

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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