The Food Automation Market to Grow at a CAGR of 9.5% to Reach $29.4 Billion by 2027 – Meticulous Research Analysis

September 02 18:15 2021
The Food Automation Market to Grow at a CAGR of 9.5% to Reach $29.4 Billion by 2027 - Meticulous Research Analysis
The food automation market is expected to grow at a CAGR of 9.5% from 2020 to 2027 to reach $29.4 billion by 2027, from $15.5 billion in 2020.
Food Automation Market by Component (Plant Level Controls, Enterprise Level Controls), Mode of Automation (Semi-automatic, Fully-automatic), Application (Packaging and Repacking, Butchery), and End-Use (Beverages and Distilleries) – Global Forecast to 2027

Food automation finds its application across multiple sub-domains of the food & beverage industry. The need to enhance efficiency, quality control, and traceability of the operational process is one of the major factors driving the growth of this market. Meticulous Research®, in its latest publication on the Food Automation Market, states that the market will increase at a CAGR of 9.5% from 2020 to 2027 to reach $29.4 billion by 2027.

The growth of the food automation market is mainly attributed to factors such as the growing adoption of digitalization across the F&B industry, increasing food safety regulations, and the adoption of automated systems in packaging & logistic operations. However, the significant initial investment required is expected to hamper the market growth. The market is seeking growth opportunities from the adoption of Industry 4.0 technologies across the food industry and high demand for robots & sensor-based systems. Lack of skilled workforce and training is the major challenge faced by the market.

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To provide efficient analysis, Meticulous Research has segmented this market based on component (plant instrumentation (sensors, motors & drivers, relays & switches, machine vision, robots, and others], plant-level controls [PLC, SCADA, DCS, Others], enterprise-level controls [PLM, ERP, MES]), mode of operation (semi-automatic, fully-automatic), application (packaging & repacking, palletizing & de-palletizing, grading & sorting, pick & place, butchery, and others), end-use (beverages & distilleries, dairy processing, bakery & confectionery, meat, poultry & seafood products, fruits & vegetables, oil & fats, and others ), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

On the basis of component, the food automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. In 2020, the enterprise-level controls segment is expected to command the largest share of the food automation market. The large share of this segment is mainly attributed to the need for efficient management and productivity offered through software solutions, such as ERP, MES, and PLM. Key players emphasize developing ERP and MES applications specific to the food & beverage industry to help maintain the food quality & safety and enhance the process efficiency of the manufacturing plants.

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Scope Of the Report

Food Automation Market by Component

  • Plant Instrumentation
    • Sensors
    • Motors & Drives
    • Relays & Switches
    • Machine Vision
    • Robots
    • Others
  • Plant-level Controls
    • PLC
    • SCADA
    • DCS
    • Others
  • Enterprise-level Controls
    • PLM
    • ERP
    • MES

Food Automation Market by Mode of Operation

  • Semi-automatic
  • Fully-automatic

Food Automation Market by Application

  • Packaging & Repacking
  • Palletizing & depalletizing
  • Grading & Sorting
  • Pick & Place
  • Butchery
  • Others

Food Automation Market by End Use

  • Beverages & Distilleries
  • Dairy Processing
  • Bakery & Confectionery
  • Meat, Poultry, and Seafood Products
  • Fruits & Vegetables
  • Oil & fats
  • Others

Food Automation Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Switzerland
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East and Africa

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By application, the food automation market comprises packaging & repacking, palletizing & depalletizing, grading & sorting, pick & place, butchery, and other applications. Automation tools and solutions are witnessing increasing demand from butchery applications. Automation offers increased safety and efficiency for meat cutting. Even the rudimentary cutting machines improve safety and efficiency compared to hand-cutting, thereby increasing the market demand.

While geographically, Asia-Pacific commanded the largest share in this market, followed by Europe and North America. The Middle East & Africa and South America are also witnessing considerable market growth. The major share of Asia-Pacific is mainly attributed to the presence of key players in the region and the need for maintaining food quality. Furthermore, a high focus on adopting digitalization and increasing demand for processed food is further driving the market growth in the region. Moreover, the stringent compliance requirements to maintain the food quality is driving the growth in North America and Europe.

The report also provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market, including ABB Group (Switzerland), Rockwell Automation (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric (U.S.), Fanuc (Japan), and Honeywell International (U.S.), Mitsubishi Electric Corporation (Japan), GEA Group (Germany), JLS Automation (U.S.), Falcon Autotech Pvt. Ltd (India), and Food Automation Pty. Ltd (Australia).

The key players in the market focus on organic and inorganic growth strategies to strengthen their position in the food automation market. The companies are adopting collaborations and strategic partnerships to offer an innovative portfolio to cater to a wide application area. The key market players are also adopting mergers and acquisitions to widen their product portfolio and increase the consumer base. For instance, Schneider Electric acquired ProLeiT, a Germany-based company providing industrial automation, process control technology, and manufacturing execution systems (MES) for the food and beverage industries. The acquisition helped Schneider expand its EcoStruxure portfolio and its geographic reach to cater to a large consumer base.

The report also covers the impact of COVID-19 on the food automation market. The market is witnessing a sudden dip owing to the lockdown imposed, leading to disruptions in the supply chain and trade restrictions. However, the market is expected to gain traction by 2021 with the growing demand for automation solutions in the food industry to meet the demand and enhance operational efficiency.

Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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