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2020-03-23
710
Global
Distribution of healthy and safe products which includes high cost of raw materials and energy in food and beverage industry is a major challenge. To meet the changing consumer’s habit and preferences, market players are trying to provide innovative solution and are applying automation in food and beverage industry in order to manage the production and market competitiveness together without any compromise. Food & beverage sector is one of the key industrial priorities and is also a multi-trillion dollar market; however changing operational cost is likely to impact the growth of food & beverage industry. Change in cost of operation is driving the need for automation solutions and advance equipments which can provide reliable, flexible and scalable services and supports the growth of this industry. Moreover, high operational & labor cost and low productivity is increasing the requirement for the use of robots in food & beverage sector. Implementation of robots resulted in nearly 48% of capital savings and automation in food increased the production by 30% in 2017. Although, applications of robots are still at nascent stage, companies are adopting robots to increase the productivity. For instance, FANUC Robotics Inc. introduced number of pick-and-place articulated robot for the food industry which also meets stringent hygiene regulations provided by Food and Drug Administration (FDA).
Food quality, cost and productivity are an integral part of food processing and packaging and implementation of automation helps the market players in achieving effective supply chain management. Food processing and packaging companies are continuously enhancing their entire automation and supply chain processes by utilizing advanced technology to improve the manufacturing and production systems.
Global Food Automation Market is segmented on the following basis:
Based on Product Type
Based on Function
Based on Application
Based on Geography
Global food automation market is anticipated to grow at a CAGR of 7.40% through the forecast period 2017-2030. Rising inclination of consumers towards ready to eat and processed foods and growing technological advancements in automation are likely to support the expansion of automation in food industry in the near future.
Huge demands of processed food with growing number of manufacturers in Europe are accelerating the growth of food automation market in the region. Europe region dominated the global food automation market in 2017 followed by North America. Robust domestic industry and increasing number of supplier for automation equipments in the U.S. are contributing the growth of North America food automation market.
Growing importance on product quality and lean manufacturing, rising demand for scalability and increasing innovations for interoperability between machinery, sensors, controllers, drives and other equipments are driving the demand for automation in food sector. Moreover, implementation of computer numerical control (CNC) technology is powering the growth of automation food manufacturing industry. However, rising tax rates on automated equipments in many countries also increase the cost of food products which is expected to hamper the growth of food automation market. Moreover, market players are facing challenges in operating outside their country due to the availability of products at competitive price provided by regional players.
Market Synopsis
Market Segmentation
The Global Food Automation Market is segmented as follows:
By Region
· North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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