Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global AI In Food & Beverages Market Size Expected to Grow from USD 9.36 Billion in 2023 to USD 300.48 Billion by 2033, at a CAGR of 41.47% during the forecast period 2023-2033.
The global AI in food & beverages market refers to the industry that guarantees maximum quality, superior hygienic standards, and efficiency. It also preserves nutritional content, lowers waste, identifies germs, prevents overproduction, and ensures timely delivery. AI is revolutionizing the food and beverage sector by making it possible to create individualized food items that cater to dietary requirements and personal preferences and appeal to health-conscious consumers. Furthermore, governments everywhere are using AI to improve the food and beverage industry. For example, the U.S. Department of Agriculture (USDA) is working to integrate AI for supply chain optimization, quality control, and food safety. However, concerns regarding data security and privacy from online attacks could be a primary hampering factor for the market growth.
The machine learning segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of technology, the global AI In food & beverages market is divided into machine learning, robotics & automation. Among these, the machine learning segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The growth can be attributed to machine learning is excellent in improving supply chain management, streamlining food production procedures, and identifying trends in large datasets.
The quality control and safety compliance segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of application, the global AI In food & beverages market is divided into food sorting, consumer engagement, quality control and safety compliance, production and packaging, maintenance, and others. Among these, the quality control and safety compliance segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. The growth can be attributed to AI technologies like machine learning and computer vision can detect faults, impurities, and deviations more accurately than traditional approaches.
The cloud segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of deployment, the global AI In food & beverages market is divided into cloud and on-premise. Among these, the cloud segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segment is driven because of its cost-effectiveness, scalability, and capacity to manage massive amounts of data produced by AI systems.
The food processing segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of end-user, the global AI In food & beverages market is divided into food processing, supply chain management, and hotel & restaurant. Among these, the food processing segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth can be attributed to artificial intelligence (AI) technologies that increase productivity by automating processes like blending, sorting, and grading, which shortens production cycles and eliminates manual labor.
North America is anticipated to hold the largest share of the global AI In food & beverages market over the predicted timeframe.
North America is anticipated to hold the largest share of the global AI In food & beverages market over the predicted timeframe. The growth can be attributed to its cutting-edge technological infrastructure, which includes reliable IT systems, fast internet, and data centers that facilitate the deployment of AI. Moreover, the region substantial R&D expenditures encourage ongoing innovation in AI solutions, primarily in the food and beverage industry making the widespread adoption of AI.
Asia Pacific is expected to grow at the fastest CAGR in the global AI In food & beverages market during the forecast period. The use of AI for individualized recommendations and effective order management is being driven by the growth of e-commerce and online meal delivery services throughout APAC, which includes China, India, and Southeast Asia. Regional news such as, the Food Safety and Standards Authority of India (FSSAI) encourages AI-driven solutions to guarantee adherence to food safety regulations and enhance industry transparency boost market revenue.
Company Profiling
Major vendors in the global AI In food & beverages market are, NVIDIA Corporation, Rockwell Automation, Sesotec GmbH, Sight Machine, Siemens, TOMRA Systems ASA, ABB, Honeywell International Inc., IBM Corporation, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global AI In food & beverages market based on the below-mentioned segments:
Global AI In Food & Beverages Market, By Technology
Global AI In Food & Beverages Market, By Application
Global AI In Food & Beverages Market, By End-user
Global AI In Food & Beverages Market, By Deployment
Global AI In Food & Beverages Market, Regional
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