About Food Automation
Food automation is a technology which is widely used in processing industries. It serves as a cost-effective solution by enhancing resource management, improving productivity, better quality management and decreasing security risks. Today everything is getting digitally advanced so are our food industries getting advanced by using food automation technique in processing and packing the food in order to deliver the better quality to the consumers. Across the verticals many small and medium scale companies are improving their productivity by the help of factory automation.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.2% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Food Automation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mitsubishi Electric Corporation (Japan), ABB Ltd (Switzerland), Rockwell Automation, Inc. (United States), Scandinova Systems Ab (Sweden), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Schneider Electric SE (France), GEA Group (Germany), Fortive Corporation (United States) and Yaskawa Electric Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Rexnord Corporation (United States), Emerson Electric Co. (United States) and Nord Drivesystems (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Food Automation market by Type (Motors & Generators , Motor Controls , Discrete Controller Systems & Visualization , Rotary & Linear Products and Others), Application (Dairy , Bakery , Beverage , Confectionery and Fruits & Vegetables ) and Region.
On the basis of geography, the market of Food Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function Type, the sub-segment i.e. Packaging & Re-Packaging will boost the Food Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Food Automation in Order to Reduces the Waste and Energy Consumption and Ensuring Product Safety. and Rising Demand for Productivity, Quality and Profitability in Food Industries
Market Growth Drivers:
Stringent Food Safety Regulations Regarding the Food Hygiene. and Technological Advancements in the Automation Industry
Challenges:
Difficulty in Training and Managing Labour and Fundamental Shift in Consumer Preferences Towards Ready-to-Eat and Packaged food
Restraints:
High Initial Investments Associated with Installation of Food Automation Equipment’s and Lack of Skilled Operators in Developing Countries
Opportunities:
Food Automation Owing to Increasing Demand for Processed and Beverage Products and Demand for Advanced Machinery with High Productivity and Efficiency
Market Leaders and their expansionary development strategies
In May 2020, Rockwell Automation, Inc. announces that it has completed the acquisition of ASEM, S.p.A., a leading provider of digital automation technologies based in Italy. This acquisition will further enhance the Control & Visualization hardware and software portfolio. ASEM is primarily a supplier to European machine builders with great opportunities in the North American market.
In February 2021, Mitsubishi Electric to establish factory automation products service center in Malaysia. The new facility, which is scheduled to start operating, will strengthen servicing and support for Mitsubishi Electric factory automation products in Malaysia and thereby facilitate the expansion of the company’s local business in factory automation systems.
Regulation (EC) No 178/2002 of the European Parliament and of the Council of 28 January 2002 laying down the general principles and requirements of food law, establishing the European Food Safety Authority and laying down procedures in matters of food safety
Key Target Audience
Food automation manufacturers, suppliers, Food automation product traders, Professional food automation providers, Research and development organizations, Government authorities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.