17-Sep-2021 | Facts and Factors
As per a recently issued market research report by Facts & Factors, the global food automation market was about USD 12.5 Billion in 2020, with sales value projected to hit around USD 18.2 Billion by the end of 2026 and expected to register an excellent 8.8% CAGR during 2021 2026.
Automation is referred to as the process of reducing human intervention from mechanical systems altogether. Human intervention refers to factors that pertain to decision criteria, subprocess relationships, and relatable actions to name a few. The primary driving factors for the significant growth in the global food automation market are rising bandwidth solutions for a wider range of production measures coupled with increasing solutions that are aimed at providing rapid, affordable, and easily accessible factors to name a few.
Rising demand for automated robotic production for precise repeatability solutions coupled with increasing technological advancements is expected to boost the growth of the global food automation market during the forecast period. Higher efficiency and time-saving factors are often integrated with food automation equipment which further leads to higher sales during the intended forecast period. Moreover, increasing demand and rising investment rounds from various sectors such as beverage, dairy, and food processing plants are expected to boost the growth of the global food processing market during the forecast period.
Top Market Players
The key market participants for the global food automation market are GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation, Emerson Electric Co., Nord Drivesystems, Honeywell International, JLS Automation, Falcon Autotech Pvt. Ltd, and Food Automation Pty. Ltd, among others.
The global food automation market can be broken down into motor controls, discrete controls and visualization, rotary products, linear products, and others on the basis of type. The segment pertaining to motor control is expected to witness the largest market share during the advent of the forecast owing to the rising functionality of the latter coupled with rising technological awareness.
The global food automation market can be divided into sorting & grading, picking and placing, palletizing, processing, packaging and repackaging, and others on the basis of function. The segment pertaining to packaging and repackaging is expected to occupy the largest market share during the advent of the forecast owing to increasing health and safety concerns among consumers coupled with rising production needs for application-specific requirements.
Asia-Pacific to Automate a Larger Share During the Global Revenue Contribution
Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to the emergence of rising economies such as India and China coupled with increasing robotic prowess among countries such as Japan and China to name a few. Additionally, the rising export measures employed coupled with the increasing F&B sector is expected to boost the sales of food automation equipment during the forecast period. Stringent government regulations coupled with rising standards for packaged food articles among consumers is further expected to increase the footprint of the food automation market in the region during the forecast timeframe.
Browse in full “Food Automation Market By Type (Motor Controls, Discrete Controls & Visualization, Rotary Products, Linear Products, & Others), By Function (Sorting & Grading, Picking & Placing, Palletizing, Processing, Packaging & Repackaging, & Others), By Application (Meat, Poultry, & Seafood, Fruits & Vegetables, Confectionery, Bakery, Beverages & Distilleries, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” report at https://www.fnfresearch.com/food-automation-market-by-offering-solution-and-services
The global food automation market can be segmented into:
Global Food Automation Market: By Type Segment Analysis
- Motor Controls
- Discrete Controls & Visualization
- Rotary Products
- Linear Products
Global Food Automation Market: By Function Segment Analysis
- Sorting & Grading
- Picking & Placing
- Packaging & Repackaging
Global Food Automation Market: By Application Segment Analysis
- Meat, Poultry, & Seafood
- Fruits & Vegetables
- Beverages & Distilleries
Global Food Automation Market: By Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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