Food Automation Market size is $9.42Bn in 2019, growing at a CAGR of 7% during the forecast period 2020-2025. It is used to replicate the appearance and quality of a product with the minimum use of ingredients. Automation simplifies the food packaging process which includes food sorting, picking &packaging, and managing processes. Process automation acts as an effective solution for an enterprise requiring efficient solution for overcoming various challenges such as enhancing productivity, improving yield, optimizing resource management, mitigating security risks, and improving asset management.Food processing machine is used for the processing of foods like meat products, milk, and others in the factory automation.
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By Type – Segment Analysis
In 2019, Motors & Generatorssegment dominated the Food Automation Market in terms of revenue is estimated to grow at a CAGR of 5.1%. Motors are made up of stainless steel, endures high pressure cleaning, safety and hygiene properties. It is long lasting and operates at the highest possible level of energy efficiency throughout their lifespan.Motors & Generators provide smooth and efficient functioning of systems in the food industry. It is also coupled with the increasing awareness about the efficient energy management benefits of generators aiding towards the market’s growth.
Geography – Segment Analysis
In 2019, theEuroperegiondominatedFood Automation Market in terms of revenue with a market share of 32%owing towards the increase of food automation. This growth can be attributed to increasing deployment of food and packaging industry across various countries in this region. Europe has technological advancements and increasing adoption of connected devices to promote the packaging procedures for the safety of goods products. Government has taken initiatives to promote technological advancements in this region are key factors in the growth of the Food Automation market.Asia Pacific is estimated to record the fastest growth rate during the forecast period 2020-2025.
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Drivers – Food Automation Market
Increase of safety regulations by the Government for food industries drive the Food Automation Market owing towards the demand for organic, fresh and exotic products with better quality. Consumers demand for high quality products with no changes in nutritional, mineral and calcium properties. Increasing deployment of food and packaging industries across the globe is other major factor driving growth of the food automation market. Presence of retail and e-commerce channels has also driven the market for goods product owing to their ease of availability and lower cost.
Challenges – Food Automation Market
The lack of proficient organization for Food Automation system and growing stringent government policy and regulation toward market growth is restraining growth of the market. Thehigh capital investments for equipment and strict regulations for the consumer safety are restraining the growth of the market.is hindering the market’s growth.
Food AutomationIndustry Outlook
Product Launches was the key strategy of the players in the Food AutomationIndustry. Food Automationtop 10companiesinclude Emerson Electric Company, Swisslog Holding, Kollmorgen Yokogawa Electric, Nord Drivesystems, Yaskawa Electric, GEA Group, ABB Group,Ametek, Horner APG, Festo AG& Co. KG and Elwood Corporation.
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