High adoption of automated solutions and robotics in F&B Processing sector growing the Food Automation Market

According to a new market research report titled “Food Automation Market by Component (Plant-level Controls, Enterprise-level Controls), Mode of Automation (Semiautomatic, Fully-automatic), Application (Packaging and Repacking, Butchery), and End-use (Beverages and Distilleries) - Global Forecast to 2027”, published by Meticulous Research®, 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.

The food automation market is expected to grow owing to factors such as the high adoption of automated solutions and robotics in the F&B processing sector, which is supported by the increased demand for packaged & ready to eat foods. The consumers’ rising disposable incomes, growing urban population, and changing lifestyles, especially in developing countries, have led to an increase in the demand for processed and packaged foods. As the demand for production is increasing, companies are realizing the need and acknowledging the benefits of automation technologies, thereby increasing the demand for automated systems to ensure the availability of high-quality and affordable processed food products.

The food & beverage industry consists of various industries, such as dairy, meat, and brewing. Each industry has its own requirements and challenges, and thus, one technology or solution does not fit all the requirements. Digitalization has transformed every industry vertical and has proven to offer significant opportunities, owing to which the key players are emphasizing investments in digitalization strategies to boost operational efficiency and ensure a competitive position in the market. Digitalization has allowed the restructuring of value chains by incorporating advanced technologies such as the cloud, intelligent sensors, virtualization, communication networks, and the industrial internet of things (IIoT) in the food & beverage industry. Advanced data analytics solutions analyze the data captured through sensors to obtain business insights and help the food & beverage enterprises make informed decisions to drive sales.