Artificial Intelligence (AI) in Food & Beverages Market 2022 Trends, Growth and Global Outlook-Raytec Vision SpA, Rockwell Automation Inc., ABB Ltd, Honeywell International Inc.

The Artificial Intelligence (AI) in Food & Beverages Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Artificial Intelligence (AI) in Food & Beverages market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Artificial Intelligence (AI) in Food & Beverages market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Artificial Intelligence (AI) in Food & Beverages market.

The artificial intelligence in the food and beverage market was valued at USD 3.07 billion in 2020 and is expected to reach USD 29.94 billion by 2027 at a CAGR of over 45.77% during the forecast period, (2022 - 2027). 

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Top Leading Companies of Artificial Intelligence (AI) in Food & Beverages Market are - Raytec Vision SpA, Rockwell Automation Inc., ABB Ltd, Honeywell International Inc., Key Technology Inc., TOMRA Sorting Solutions AS, GREEFA, Sesotec GmbH, Martec of Whitell Ltd, Sight Machine Inc. and others.

Industry News and Updates:

- March 2019 - TOMRA Sorting Recycling launched a cloud-based dat a platform, TOMRA Insight, which unlocks new opportunities for sorting equipment users. This can transform sorting from an operational process into a management tool for fact-based decision-making at each step of the value and production chain.

Key Market Trends:

Consumer Engagement is Expected to Register a Significant Growth

- Investment made by the former chairman of Tata Sons, in Techbin Solutions Pvt Ltd's Niki.ai (which is an AI-fueled chatbot that conducts conversations with consumers to assist them to order a wide range of services with the help of a chat interface) is depicting the investments and growth of the usage of chabots.
- AI is being applied to understand the consumer behavior, which is expected to lead to more accurate predictions. It can further enable marketers and organizations to reach out to the customers at a personal level, engage in deeper interactions, and enhance their overall experience with the brand.

North America is Expected to Hold Major Share

- The AI in the food and beverage market is growing in North America, with the United States leading in the region. North America held a market share of 29.1% in 2017, which is the second-largest region for AI in the food and beverage market.
- In North America, the readiness for adoption and high fractional increase in replacement AI are the leading drivers of their economic impact, which reflects the region's leading stance on AI and its implementation, and also the high automation potential that is expected to occur at the regional level, between now and 2030.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Artificial Intelligence (AI) in Food & Beverages Market Size & Analysis (2017 - 2027)
- Market Share Analysis of Artificial Intelligence (AI) in Food & Beverages Market (%),2017 - 2027
- Artificial Intelligence (AI) in Food & Beverages Market Share, By Brand
- Artificial Intelligence (AI) in Food & Beverages Market Share, By Company
- Artificial Intelligence (AI) in Food & Beverages Market Assessment & Opportunity (Value),2017 - 2027
- Major Companies Artificial Intelligence (AI) in Food & Beverages Market Value Analysis & Forecast
- Promising Artificial Intelligence (AI) in Food & Beverages Development by Major Companies
- Detailed Artificial Intelligence (AI) in Food & Beverages Portfolio of the Major Companies
- Major Deals in the Artificial Intelligence (AI) in Food & Beverages Market
- Major Companies Analysis

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