(Entertainment-NewsWire.com, February 19, 2020 ) The food automation market is experiencing high growth, particularly in the Asia-Pacific and European regions. The European region holds the highest market share in the food automation market. The growth in this region is attributed to the significant growth in the processed food & beverage market, presence of leading food automation players and growing population in the region.
The Asia-Pacific region is projected to be the fastest-growing segment from 2017 to 2022. The Asia-Pacific region offers the most attractive growth opportunities for food automation products with its rise in income levels and purchasing power, rapid growth of the middle-class population, increase in consumer awareness about health & fitness, and growth in consumer demand for nutritional & healthy products, and through the presence of various key market players.
The food automation market caters to the food & beverages industry including dairy, bakery, beverage, confectionery, fruit & vegetable, and meat, poultry, and seafood. The meat, poultry, and seafood segment is projected to grow at the highest CAGR from 2017 to 2022. Meat, poultry, and seafood manufacturers are increasingly adopting automation to increase processing line effectiveness. Automation in these industries helps them work on their prime focus, which is the maintenance of higher yields through obtaining maximum amounts of meat in a shorter time. The driving factor for establishment of automated meat, poultry, and seafood processing plants is that they offer cost-effective solutions.
The food automation market, by type, has been segmented into various machine types such as motors & generators, motor controls, discrete controllers & visualization, rotary products, and linear products. The discrete controllers & visualization segment is projected to grow at the highest CAGR from 2017 to 2022 due to its owing to its comprehensive nature to offer integrated and flexible production option to manufacturers. Commercially, newer applications of control systems such as MES are being introduced, which further supports its growth in the food automation market.
The food automation market, by function, has been segmented into processing, packaging & repackaging, palletizing, sorting & grading, picking & placing. The packaging & repackaging segment is projected to grow at the highest CAGR from 2017 to 2022 grow due to the benefits offered by automated packaging, which helps food manufacturers with their challenges of maintaining food safety/hygiene and quality.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441
