Food Automation Market Growth Trends With Detailed Forecast To 2029-2029

Food Automation Market size was valued at US$ 11.66 Bn. in 2021 and the total Food Automation revenue is expected to grow at 7.3% from 2022 to 2029, reaching nearly US$ 20.49 Bn.

Market Overview

Maximize Market research, a leading Global Food Automation Market research firm, which delivers data and analysis at the global, regional and country levels has published an Food Automation market report. The domain expert has analysed the Food Automation at a regional and global level.

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 Market Scope

Competitive analysis of the Food Automation market which gives insides to new players about sharks present in the market with their financial health, revenue, technological advancements, mergers and acquisitions, recent developments, marketing tactics, alliances, and joint ventures.

The Food Automation market report consists of microanalysis with accurate illustrations, graphs and simple-to-grasp language which helps users to understand the key points and overall aspects of the industry, this report is carved using history, consumer habits, & market volatility.

The Food Automation market report consists of the analysis of restraints, opportunities, challenges, and risks with the help of SWOT analysis and Porter's Five Forces analysis, which are standard & prominent full-proof methods to provide analysis of the market.

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Segmentation

By application, the meat, poultry and seafood segment is expected to grow at a CAGR of 12.5% ​​during the forecast period. Poultry processing plants are facing significant staffing challenges due to the COVID-19 pandemic. As a result, there is growing interest in robotics and automation technology solutions that can help reduce labor difficulties and increase worker safety. The ultimate goal of automation is not to completely replace workers in meat and poultry processing plants, but to complement or enhance their working experience. Used correctly, this technology can save downtime, increase worker safety, and prevent human error. Poultry processing plants require strict sanitation protocols that must be adhered to thoroughly before deploying automated or robotic solutions. There are modern robots specially designed for poultry farming operations. This is a big problem as the equipment is not suitable for direct contact with food and rigorous cleaning techniques are not used in these factories. Compared to other sectors such as automotive, poultry processing is still in the early stages of automation and the use of robots.

Meat packaging, especially meat cutting, remains a largely labor intensive process. Despite advances in technology, tasks such as butchering meat and cutting beef and poultry cannot replace the precision of the human hand and eye. There may be multiple stages of technology adoption in this area, with individuals continuing to play an important role. As a result, it is more likely to be semi-automated rather than fully automated. For example, a backsaw cutter can cut animal carcasses along the spine, but finer cuts are possible. B. Fat cutting is still entirely in the hands of real people, many of whom are mostly immigrants from developed countries. The meat processing sector continues to prioritize cost savings over safety. According to the Bureau of Labor Statistics, this is his one of the most dangerous jobs in the global economy.  

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 Key Players

• 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
• Emerson Electric Co.
• Nord Drivesystems
• Horner APG
• Frontmatec
• Festo AG & Co. KG
• Elwood Corporation
• Copa-Data
• Eaton

 Regional Analysis

The report assists in planning and implementing new strategies which are suitable and appropriately applicable according to specific countries and regions in the market.

The detailed regional analysis provided in the report aids stakeholders, new entrants, investors, entrepreneurs, researchers, market followers and players in an easy illustration of various elements of the market, presenting a future outlook with expected risks and trends in the Market.

A competitive regional analysis of the Food Automation market was conducted listing competitors in the market along with new entrants. A comprehensive analysis is effective to gain a comprehensive understanding of the market structure and growth strategies of various players.

Key Questions answered in the Food Automation Market Report are:

  • What is Food Automation Market?
  • What is the forecast period of the Food Automation Market?
  • What is the competitive scenario of the Food Automation market?
  • Which region held the largest market share in the Food Automation Market?
  • What are the opportunities for the Food Automation Market?
  • What factors are affecting the Food Automation market growth?
  • Who are the key players of the Food Automation market?
  • Which company held the largest share in the Food Automation market?
  • What will be the CAGR of the Food Automation market during the forecast period?
  • What key trends are likely to emerge in the Food Automation market in the coming years?

Key offerings: 

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Food Automation Market
  • Landscape- Leading key players and other prominent key players.

 About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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