The global artificial intelligence (AI) in the food beverages market size was US$ 4.1 billion in 2021. The global artificial intelligence (AI) in the food beverages market is forecast to grow to US$ 79.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 41.7% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Artificial intelligence (AI) in the food and beverage market is forecast to grow rapidly. It is due to a shift in consumer preferences toward fast, affordable, and easily accessible food options. In addition, artificial intelligence has been gaining significant traction across all industrial verticals, including food and beverage. Thus, it will contribute to the growth of global Artificial intelligence (AI) in the food and beverage market.

Organizations are increasingly moving towards digitizing their supply chain in order to surge revenue growth. Thus, it will escalate the growth of global Artificial intelligence (AI) in the food and beverage market. The integration of AI in supply chains is expected to support businesses in making innovations. Thus, it will surge the growth of the global Artificial intelligence (AI) in the food and beverage market.

Growing disposable income and rising urbanization will accelerate the growth of global Artificial intelligence (AI) in the food and beverage market. In addition, increasing demand for packed food items and continuous innovations will propel Artificial intelligence (AI) in the food and beverage market forward.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic surged the demand for automated technologies. Almost every industrial vertical began adopting efficient technology to operate efficiently without the risk of COVID-19 affecting the supply chain. Thus, it surged the growth of Artificial intelligence (AI) in the food and beverage market.

Regional Analysis

Asia-Pacific is forecast to dominate the global artificial intelligence (AI) in the food beverages market. It is due to the high population density of consumers and significant push by the government to implement both replacement and augmenting artificial intelligence technologies. In addition, growing disposable income and rising food and beverage industry will escalate the growth of Artificial intelligence (AI) in the food and beverage market.

Growing health awareness, urbanization, and disposable income will also contribute to the growth of global Artificial intelligence (AI) in the food and beverage market. Moreover, food and beverage industry players are also inclining towards AI food processing to grow the output and develop new products. As a result, it will escalate the growth of Artificial intelligence (AI) in the food and beverage market.

Competitors in the Market

Rockwell Automation Inc.
Raytec Vision SPA
ABB Ltd
Key Technology Inc.
TOMRA Systems ASA
GREEFA
Honeywell International Inc.
Sesotec GmbH
Martec of Whitwell Ltd
Sight Machine Inc.
Other Prominent Players
Market Segmentation

The global Artificial intelligence (AI) in the food and beverage market segmentation focuses on Application, End-User, and Region.

By Application Outlook

Food Sorting
Quality Control and Safety Compliance
Consumer Engagement
Production and Packaging
Maintenance
Other Applications
By End-User Outlook

Food Processing Industry
Hotel and Restaurant
Beverage Industry
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America