Food Automation Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Type (Motor Controls, Discrete controllers & visualization, Rotary products, Others); Application (Processing, Packaging & Repackaging, Palletizing, Sorting & Grading, Others); End-User (Dairy, Bakery, Confectionery, Fruits and Beverage, Meat-Poultary & Sea-Food, Others); Region/Country
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Detailed Analysis of COVID-19 Impact on the Food Automation Market
Pages: | 252 |
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Table: | 48 |
Figure: | 142 |
Report ID: | UMCG21793 |
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Report Description
![Food Automation Market](https://univdatos.com/wp-content/uploads/2022/05/main-report-7.png)
Global Food Automation is Expected to Display an Elevated CAGR of more than 6% over the forecast period (2021-2027)
The food industry is one of the largest manufacturing sectors across the globe. In the United States, it accounts for more than 10% of all shipments. An emerging number of food processing companies across regions leading to the growing market of food automation across the globe. More than 30% of the top 50 food & beverage-processing firms in the world are headquartered in the United States. There are many food and beverage processing establishments (plants) in the United States—36,486, owned by about 31,401 companies in 2017, according to the most recent comprehensive data in the Census Bureau’s 2017
Also, As per the United States Department of Agriculture (USDA), food and beverage manufacturing plants accounted for 15.8% of the value of shipments and 14.7% of all employees from all U.S. manufacturing plants in 2019. The growing demand for processed and packaged food in the region acts as a growth catalyst for the industry. 80% of Americans’ total calorie consumption comes from store-bought foods and beverages (packaged and unpackaged). Moreover, the rise in work-related fatalities in the region is also proliferating the growth of the demand. As per the U.S Bureau of Labor Statistics, the number of fatalities increased from 40 in 2016 to 49 in 2019.
Robots Installed per 10,000 Employees in Food Manufacturing, 2019
![Food Automation Market 1](https://univdatos.com/wp-content/uploads/2022/05/middle-report-4.png)
Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation, etc., are some of the prominent players operating in the food automation market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.
Insights Presented in the Report
“Amongst type, motor controls segment grabbed major market share”
Based on the type, the market is fragmented into Motor Controls, Discrete controllers & visualization, Rotary products, and others. The motor control segment grabbed XX% market share in 2020. To achieve higher demands in terms of dynamic behavior and precision, industrial automation heavily relies on motor control. The functioning of motors has increased substantially owing to the rise in importance in motion control applications such as high-pressure wash-down and high torque applications with precise motion control.
“Amongst application, palletizing segment to grab considerable market share”
Based on the application, the market is fragmented into Processing, Packaging & Repackaging, Palletizing, Sorting & Grading, and others. The palletizing segment grabbed XX% market share and dominated the market in 2020. The availability of robotics and sensor-based solutions that increase efficiency and reduce frequent faults is contributing to the market growth. The industry players have developed application-specific robots and sensor-based systems that offer enhanced quality, better working conditions, and improved production throughput.
“Amongst end-user, dairy segment to grab considerable market share”
Based on the end-users, the market is fragmented into Dairy, bakery, confectionery, fruits and beverage, meat-poultry & seafood, and others. The meat & poultry segment grabbed the XX% market share in 2020. However, the dairy segment would witness the highest CAGR in the forthcoming years.
“Asia-Pacific represents one of the largest markets of Food Automation market”
For a better understanding of the market adoption of the food automation, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the food automation industry and generated revenue of USD XX Million in 2020. However, the North America region would witness the highest CAGR during the forthcoming years
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
The food automation market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
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Research Methodology
Research Methodology for the Global Food Automation Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the food automation market were the three major steps undertaken to create and analyze the demand for food automation across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the food automation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the food automation through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the food automation market, we conducted a detailed secondary analysis to gather historical market insights and share for type, application, and end-user for major regions. Major segments included in the report are type and end-user. Further region and country-level analyses were conducted to evaluate the overall adoption of food automation across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of food automation. Further, we conducted factor analysis using dependent and independent variables such as the growing disposable income, surging number of working couples, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the food automation industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the food automation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of food automation across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the food automation market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
![Food Automation Market 2](https://univdatos.com/wp-content/uploads/2022/05/research-methodology-10.png)
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the food automation market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of type, application, and end-user of the food automation market.
Main Objective of the Food Automation Market Study
The current & future market trends of food automation were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of food automation in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, application, and end-user
- Define and analysis of the regulatory framework for the food automation industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the food automation market for the major countries
- The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
- Company profiles of the food automation market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
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