Animal Health Market

Food Automation Market Revenue, SWOT, PEST Analysis, Growth Factors, 2020–2026

According to the current analysis of Reports and Data, the global Food Automation market valued at USD 9.08 Billion in 2018 and is expected to reach USD 15.78 Billion by the year 2026, at a CAGR of 7.1%. Automation has now become a necessity in the food and beverage (F&B) industry to maintain quality, to enhance production speed, to cooperate with the labor shortage. Rising demand for food automation due to rapid industrialization and urbanization is driving growth for the market. Moreover, the expansion of the food and packaging industry is expected to support industrial growth. Stringent government regulations regarding food safety are boosting demand for automation to maintain the quality of the product and efficiency of the food manufacturing process.

The key market players are focusing on various strategies such as mergers, partnerships, acquisitions, and new product launches to maintain their position. For instance, in 2016, CTB acquired a majority share in Cabinplant, a global provider of tailor-made processing solutions for the F&B industry. In November 2017, researchers at Harpers Adams University in the United Kingdom completed the Hands-Free Hectare project, during which nearly five tons of spring barley was successfully planted, tended, and harvested by autonomous vehicles and drones.

North America accounted for a share of 25.6% of the industry in 2018 and is projected to grow significantly in the forecast period. The presence of key players including Rockwell Automation, Inc., Fortive Corporation, Emerson Electric Co. and Rexnord Corporation to name a few is likely to influence growth. In addition, regulatory support through acts such as the FDA Food Safety Modernization Act (FSMA) is also expected to create growth opportunities.

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Key participants include

Rockwell Automation, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric and Nord DriveSystems.

Further key findings from the report suggest

The market is expanding at a CAGR of 8% in Asia Pacific due to expansion of food and manufacturing industry in the region.

The packaging and repackaging segment is expected to register the highest CAGR of 7.7% during 2019-2026. The packaging industry requires precise automation and material handling to meet global demand reliably. Automation in packaging would ensure improved reliability, faster installation and improved energy efficiency.

Based on application, beverages are expected to dominate the sector. The beverage production process is a complex process and requires constant advancements. Integration of computerized solution in beverage production processes is expected to support the growth of segment,

The increasing importance of motors in motion control applications involving high torque applications and high-pressure wash-down with precise motion control has significantly enhanced their overall functionality. The efficient and smooth functioning of the systems is encouraged by using generators in the F&B industry. It is also supported by the rising awareness about the efficient energy management advantages of generators.

The scarcity of skilled resources to operate and maintain the machines and huge investment in research and development pose a barrier for this market. Additionally, the high cost of capital is likely to hinder growth during the forecast period

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For this report, Reports and Data have segmented into the global Food Automation market on the basis of resin type, composite phases, industry vertical, and region:

Type (Revenue, USD Million; 2016–2026)

Motor Controls

Discrete controllers & visualization

rotary & linear products

Function Type (Revenue, USD Million; 2016–2026)

Processing

Packaging & Repackaging

Palletizing

Sorting & Grading

Picking & Placing

Others

Application (Revenue, USD Million; 2016–2026)

Dairy

Bakery

Confectionery

Fruit & vegetable

Meat, poultry, and seafood

Beverages

End Use (Revenue, USD Million; 2016–2026)

Hospital

Clinic

Others

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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