A recent report published by Infinium Global Research on food automation market provides in-depth analysis of segments and sub-segments in the global as well as regional food automation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food automation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global food automation market. According to the report, the global food automation market is projected to grow at a CAGR of 5.8% over the forecast period of 2019-2025.
The automation in the food industry helps the food processors to maintain the quality and appearance of the final food products for the long term. This helps to minimize the application of scarce resources as raw material, human labor, and raw materials as compared to other processes. Further, the food products made from the automation process are safer as compared to the manual process. The automation process helps to maintain the prescribed standard of the final food products easily, which is not possible through the manual or semi-manual process. It helps the producers to improve the profit margin on products offered for sale, and boost its brand image among the consumers. Moreover, it helps to trace the raw material ingredients, which in turn improves the food safety of the offered food products.
The continuous growing competition among the food processing companies to provide food products at a cheap cost is forcing them to adopt automation in their processing and other allied activities of food processing. Further, the continuous increasing raw material cost and labor wages are reducing the profit margin of the owners in this labor-intensive manufacturing industry. Additionally, the growing focus for the efficient use of scarce resources as water and the raw material is motivating manufacturers to adopt automation in their business activities. Additionally, the continuous growing demand for safe food, which has less human intervention during processing, packaging among the millennial consumers is catalyzing the growth of food automation market. However, the cost factor of modern food automation equipment is hampering the growth of the market. Moreover, the growing demand for safe food products at a low price in the developing countries is expected to boost the demand in the near future.
Geographically, the food automation market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the food automation market, owing to the presence of the several leading players in this region, who are actively engaged in this business. Additionally, presence of a large number of the food processing companies, fruits, and vegetable processing companies, and extensive presence of the fast-food retail chains in this region is continuously helping to grow this market in this region. Further, the Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the safe food products among the young and middle-class consumers in this region.
The report on global food automation market covers segments such as type, function, and application. On the basis of type, the sub-markets include motors & generators, motor controls, discrete controller systems & visualization, rotary & linear products, and other types. On the basis of function, the sub-markets include packaging & re-packaging, palletizing, sorting & grading, picking & placing, processing, and other functions. On the basis of application, the sub-markets include dairy, bakery, beverage, confectionery, fruits & vegetables, meat, poultry, and seafood, and other applications.
The report provides profiles of the companies in the market such as Emerson Electric, Rexnord Industries, LLC, Yaskawa Electric Corporation, Fortive, GEA Group, Schneider Electric, Yokogawa Electric, Siemens AG, Rockwell Automation, Inc., and Mitsubishi Electric Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food automation market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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