Worldwide Food Automation Industry to 2026 – Stringent Food Safety Regulations are Driving Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Food Automation Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The food packaging market is expected to register a CAGR of over 6% over the forecast period (2021 – 2026).
Automation technologies are used widely in the processing industries. Food processing is highly monotonous and repetitive in nature. Automation of these tasks enhances product quality, process efficiency, and saves labor charges as well.
Companies Mentioned
- ABB Ltd.
- Rockwell Automation Inc.
- GEA Group AG
- Siemens AG
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Emerson Electric Co.
- Yaskawa Electric Corporation
- Yokogawa Electric Corporation
- NORD Drivesystems
- Rexnord Corporation
Key Market Trends
Motors & Generators Type is Expected to Hold the Significant Share
- The motors used in the food and beverage industry have demanding requirements in segments such as meat, dairy and baking goods, poultry and fish, as well as within applications such as mixers, grinders, and conveyors. It is also necessary that machines operate without fault, for longer and at the highest possible level of energy efficiency throughout their lifespan.
- The growing significance of motors in motion control applications involving high-pressure wash-down and high torque applications with precise motion control has greatly improved their functionality. Generators ensure smooth and efficient functioning of systems in the food industry.
- A company such as ABB Ltd. provide motors which help to run food and beverage applications, from raw material handling to processing and conveying, to packing and storage, without compromising on the standards demanded in the industry.
Asia-Pacific is Expected to Witness Highest Growth Rate
- Asia-Pacific is anticipated to witness the highest growth rate owing to the high growth of the Food & Beverage industry in the region. The region is witnessing tremendous growth for the food and beverage industry due to an increase in health awareness, disposable income, and urbanization. Due to this, many players of F&B are moving from manual to automation processing to increase the output and develop new products, which ultimately drives the growth of the market.
- For instance, according to the World Bank, the urbanization rate in China increased to 57.90% in the year 2017 from 51.89% in 2012. This has resulted in a growing demand for food and beverages and made China one of the largest food and beverage industry in the world.
- Similarly, in India allocation of the Ministry of Food Processing has been doubled from INR 715 crore in 2017-18 to INR 1400 crore in 2018-19.
- Moreover, a rising number of manufacturers operating in the F&B industry is anticipated to boost the market’s growth positively over the forecast period. Growing adoption of automated technologies in production facilities also fuels the regional food automation market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Stringent Food Safety Regulations
4.3.2 Technological Enhancements in the Automation Industry
4.4 Market Restraints
4.4.1 High Initial Capital Investments
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.2 By Function
5.3 By Application
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/93d9do
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