Artificial Intelligence (Ai) In Food & Beverages Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030
The report Artificial Intelligence (AI) in Food & Beverages Market Share, Size, Trends, Industry Analysis Report, By Application (Food Sorting, Quality Control & Safety Compliance, Consumer Engagement, Production & Packaging, Maintenance, Other); By End-Use (Food Processing Industry, Hotel & Restaurant, Beverage Industry, Others); By Region; Segment Forecast, 2022 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
According to the research report published by Polaris Market Research, The global Artificial Intelligence (AI) in food & beverages market size is expected to reach USD 83.40 billion by 2029, according to a new study by Polaris Market Research.
In the F&B industry, artificial intelligence assists various major problems and drives the industry growth during the forecast period. AI can help in alleviating a few of the manufacturing industry’s specific problems, such as supporting supreme product quality and preventive analytics requirements. Most beverages businesses want to make high-quality products at the lowest possible cost. Using machine learning can help to sustain greater levels of overall product quality while allowing for faster quality control with a visual inspection.
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Sensors could improve processes to capture and correlate information relevant to the operation, such as temperature or throughput statistics. The value of an artificial intelligence tool comes from merging real-time sensor data to derive insights and improve operational capabilities. An integrated artificial intelligence or machine-learning tool analyses raw data to detect trends and recommend actions to increase efficiency. This capacity to analyze operational circumstances and draw conclusions is immensely beneficial for companies that operate across numerous manufacturing sites or with varied shifts. Thus, the benefits from the adoption of artificial intelligence in the beverages industry are boosting the market growth.
Top Market Players
- ABB ltd.
- Honeywell International Inc
- Key Technology Inc
- Martec of Whitell Ltd
- Raytec Vision SpA
- Rockwell Automation Inc
- Sesotec GmbH
- Sight Machine Inc
- TOMRA Sorting Solutions AS
- Duravant LLC
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In order to reduce this waste, there is a growing need to analyze consumer purchasing behavior and predict inventory levels. There is also a need for automated sorting of beverages products. With every day, the growing number of consumers managed by beverage enterprises becomes more difficult, and it takes significant effort to engage with customers. Artificial Intelligence analyses data gathered from previous records and processed it using AI-enabled algorithms to estimate sales results for a particular period. Artificial Intelligence primarily benefits food & beverages makers and vendors by assisting them in better understanding their clients. Companies are able to determine their clients’ tastes and preferences, allowing them to forecast potential sales patterns for their items. They would also be able to recognize and forecast the purchasing behaviors of clients who interact with them on a regular basis. This would allow them to accumulate their inventory accordingly.
Polaris Market Research has segmented the Artificial Intelligence (AI) in food & beverages market report based on application, end-use, and region:
Artificial Intelligence (AI) in Food & Beverages, Application Outlook (Revenue – USD Billion, 2017 – 2029)
- Food Sorting
- Quality Control and Safety Compliance
- Consumer Engagement
- Production and Packaging, Maintenance
Artificial Intelligence (AI) in Food & Beverages, End-Use Outlook (Revenue – USD Billion, 2017 – 2029)
- Processing Industry
- Hotel and Restaurant
- Beverage Industry
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