May 16, 2024

AI in Food and Beverages Market Size to Rise USD 214.62 Bn by 2033

The global AI in food and beverages market size was estimated to be around US$ 8 billion in 2023 and is projected to reach US$ 214.62 billion by 2033, indicating a CAGR of 39% from 2024 to 2033.

AI in Food and Beverages Market Size 2024 to 2033
Key Points

  • North America dominated the largest market share of 39.5% in 2023.
  • Asia Pacific is expected to express the fastest rate of expansion during the forecast period of 2024-2033.
  • By technology, the machine learning segment had the highest share of the market in 2023.
  • By technology, the automation, and robotics segment will show significant growth during the forecast period.
  • By application, the food processing segment has the highest market share in 2023.
  • By application, the supply chain management segment will show the fastest rate of expansion during the forecast period of 2024-2033.
  • By end user, food manufacturers segment had the highest share of the market in 2023.
  • By end user, the restaurant segment will showcase the highest expansion rate during the forecast period.

The market research report on the AI in food and beverages market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of AI in food and beverages products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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AI in Food and Beverages Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 39%
Global Market Size in 2023 USD 8 Billion
Global Market Size by 2033 USD 214.62 Billion
U.S. Market Size in 2023 USD 2.21 Billion
U.S. Market Size by 2033 USD 60.52 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Technology, By End-user, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: 5G Technology ROI Market Size to Attain USD 84,885.49 Bn by 2033

The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global AI in food and beverages market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the AI in food and beverages market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of AI in food and beverages products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the AI in food and beverages market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on xx market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the AI in food and beverages market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

AI in Food and Beverages Market Companies

  • Rockwell Automation Inc.
  • TOMRA Sorting Solutions AS
  • Milltec Clarfai, Inc.
  • ABB Ltd.
  • INTELLIGENT Brewing Co.
  • Honeywell International Inc.
  • Sight Machine Inc.
  • Raytec Vision SpA
  • Key Technology Inc.
  • Google LLC
  • Impact Vision
  • SAP SE
  • NVIDIA Corporation
  • Buhler Group
  • IBM Corporation
  • Microsoft Corporation

Segments Covered in the Report

By Technology

  • Machine Learning
  • Computer Vision
  • Robotics and Automation

By End-user

  • Food Manufacturers
  • Farmers and Growers
  • Restaurants
  • Others

By Application

  • Precision Agriculture
  • Food Processing
  • Supply Chain Management
  • Retail Services

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on AI in Food and Beverages Market 

5.1. COVID-19 Landscape: AI in Food and Beverages Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global AI in Food and Beverages Market, By Technology

8.1. AI in Food and Beverages Market, by Technology, 2024-2033

8.1.1 Machine Learning

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Computer Vision

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Robotics and Automation

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global AI in Food and Beverages Market, By End-user

9.1. AI in Food and Beverages Market, by End-user, 2024-2033

9.1.1. Food Manufacturers

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Farmers and Growers

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Restaurants

9.1.3.1. Market Revenue and Forecast (2021-2033)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global AI in Food and Beverages Market, By Application 

10.1. AI in Food and Beverages Market, by Application, 2024-2033

10.1.1. Precision Agriculture

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Food Processing

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. Supply Chain Management

10.1.3.1. Market Revenue and Forecast (2021-2033)

10.1.4. Retail Services

10.1.4.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global AI in Food and Beverages Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Technology (2021-2033)

11.1.2. Market Revenue and Forecast, by End-user (2021-2033)

11.1.3. Market Revenue and Forecast, by Application (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Technology (2021-2033)

11.1.4.2. Market Revenue and Forecast, by End-user (2021-2033)

11.1.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Technology (2021-2033)

11.1.5.2. Market Revenue and Forecast, by End-user (2021-2033)

11.1.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Technology (2021-2033)

11.2.2. Market Revenue and Forecast, by End-user (2021-2033)

11.2.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Technology (2021-2033)

11.2.4.2. Market Revenue and Forecast, by End-user (2021-2033)

11.2.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Technology (2021-2033)

11.2.5.2. Market Revenue and Forecast, by End-user (2021-2033)

11.2.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Technology (2021-2033)

11.2.6.2. Market Revenue and Forecast, by End-user (2021-2033)

11.2.6.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Technology (2021-2033)

11.2.7.2. Market Revenue and Forecast, by End-user (2021-2033)

11.2.7.3. Market Revenue and Forecast, by Application (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Technology (2021-2033)

11.3.2. Market Revenue and Forecast, by End-user (2021-2033)

11.3.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Technology (2021-2033)

11.3.4.2. Market Revenue and Forecast, by End-user (2021-2033)

11.3.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Technology (2021-2033)

11.3.5.2. Market Revenue and Forecast, by End-user (2021-2033)

11.3.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Technology (2021-2033)

11.3.6.2. Market Revenue and Forecast, by End-user (2021-2033)

11.3.6.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Technology (2021-2033)

11.3.7.2. Market Revenue and Forecast, by End-user (2021-2033)

11.3.7.3. Market Revenue and Forecast, by Application (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Technology (2021-2033)

11.4.2. Market Revenue and Forecast, by End-user (2021-2033)

11.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Technology (2021-2033)

11.4.4.2. Market Revenue and Forecast, by End-user (2021-2033)

11.4.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Technology (2021-2033)

11.4.5.2. Market Revenue and Forecast, by End-user (2021-2033)

11.4.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Technology (2021-2033)

11.4.6.2. Market Revenue and Forecast, by End-user (2021-2033)

11.4.6.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Technology (2021-2033)

11.4.7.2. Market Revenue and Forecast, by End-user (2021-2033)

11.4.7.3. Market Revenue and Forecast, by Application (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Technology (2021-2033)

11.5.2. Market Revenue and Forecast, by End-user (2021-2033)

11.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Technology (2021-2033)

11.5.4.2. Market Revenue and Forecast, by End-user (2021-2033)

11.5.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Technology (2021-2033)

11.5.5.2. Market Revenue and Forecast, by End-user (2021-2033)

11.5.5.3. Market Revenue and Forecast, by Application (2021-2033)

Chapter 12. Company Profiles

12.1. Rockwell Automation Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. TOMRA Sorting Solutions AS

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Milltec Clarfai, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. ABB Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. INTELLIGENT Brewing Co.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Honeywell International Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Sight Machine Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Raytec Vision SpA

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Key Technology Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Google LLC

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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