Global AI in food & beverages market is anticipated to grow at an exponential CAGR of 37.5% during the forecast period (2024-2031). The increment of operational efficiency, marketing & customer experience enhancement, and product innovation are the core application areas of AI in food & beverage industry. The key players operating in this industry are exploring the potential of AI to refine their operational processes, forge deeper connections with consumers and develop innovative solutions for sustainability and nutrition. AI can promote the food & beverage companies in achieving their environmental, social and governance objectives by allowing them to proactively reduce energy consumption and harmful emissions.
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Retailers are integrating AI into their tools and technology to improve their current operations regarding inventory management. The demand forecasting and shelf in and checkout optimization is also gaining importance among retailers. Food companies are taking leverage of the generative AI to create personalized services tailored to individual customer interests. Chatbots have changed the face of customer service and are gaining traction due to their ability to automate interactions with customers using natural language processing (NLP). Market segmentation is another such area in the food & beverages industry where key players are using AI to specify their market to target. Looking towards the growing demand for AI in food & beverages industry key providers of this technology are focusing on development of advanced software and services.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ABB Ltd., Honeywell International Inc., Key Technology Inc., Rockwell Automation Inc. and TOMRA Sorting Solutions AS among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global AI in Food & Beverages Market Report Segment
By Application
- AI in Food Sorting
- Consumer Engagement
- Quality Control & Safety Compliance
- Production and Packaging
- Maintenance
- Other (Trend Analysis)
By End-User
- Hotels & Restaurants
- Food Processing Industry
- Beverage Industry
A full report of AI in food & beverages Market available @ https://www.omrglobal.com/industry-reports/ai-in-food-and-beverages-market
Company Profiles
- Advent Machine Company
- GEP
- GREEFA
- Martec of Whitell Ltd.
- Publicis Sapient
- Raytech Vision SpA
- Sesotec GmbH
- Sight Machine Inc.
- TOMRA Sorting Solutions AS
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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