Sarasota, FL -- (SBWIRE) -- 02/18/2019 -- Global Food Automation Market : Overview

The food automation simplifies the food packaging process which includes food sorting, packing and managing processes. The food automation acts as an effective solution for enterprises requiring efficient solution for overcoming various challenges such as enhancing productivity, improving yield, optimizing resource management, mitigating security risks, and improving asset management.

Global Food Automation Market: Growth Factors

Escalating demand for productivity, quality, and profitability will embellish the growth of food automation market in the years to come. Paradigm shift in consumer preferences towards ready-to-eat and packaged food is expected to amplify the food automation market size over the forecast period. The current trend of automation deployment focuses on the processes which reduce the waste and energy consumption, maintaining margins, reducing costs and ensuring product safety will result in manifold growth of the business in the near future.

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Technological advancements in the automation industry and the stringent food safety regulations regarding the food hygiene while processing is expected to catalyze the food automation market growth over the coming years. However, high initial investments associated with automation of the equipment and its adoption is expected to restrain the food automation market growth. Many small and medium (SMEs) organizations often experience shortages of sufficient capital required for installing automated equipment in their workshops.

Global Food Automation Market: Segmentation

The global food automation market can be classified based on the Product Type, Function, and Application. On the basis of product type, the market is segmented into motor controls, rotary & linear products, and discrete controllers & visualization. Based on the function, the market is sectored into Palletizing, Sorting & Grading, Picking & Placing, and Processing. Application wise, the market is segmented into dairy and bakery sectors.

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Global Food Automation Market: Regional Analysis

Based on regions, the global food automation market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Europe is expected to witness most lucrative growth in the field of food automation, owing to increasing demand for processed and beverage products, especially in Germany, France, UK and Italy. Moreover, stringent regulations proposed by the regulating bodies pertaining to the hygiene and quality of the processed items are anticipated to support the demand for food automation in the European industry.

North America is forecast to witness increasing demand for food automation and the growth can be attributed to the massive demand for food automation in the countries such as the U.S. The food automation machinery used in this region is expected to follow the stringent regulations carried out by the U.S. Department of Agriculture and Food and Drug Administration (FDA), owing to the product integrity and safety of the consumers.

Asia Pacific region is expected to grow with the quickest CAGR, owing to the rapidly growing beverage and food demand in this region. This growth is attributed by the improvement in the living standards amongst the population categorized by the liberalization of FDI, rising disposable income and diversification of the diet. Moreover, increasing number of manufacturers operating in the F&B industry is expected to fuel the food automation market over the forecast timeframe. Government in emerging economies such as India and China are also focused towards supporting the industry growth in APAC.

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LATAM and MEA are the markets with huge growth prospects.

Global Food Automation Market: Competitive Players

The food automation market is dominated by key players such as Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), and Schneider Electric SE (France). Other players include Yokogawa Electric Corporation (Japan), GEA Group (Germany), Fortive Corporation (U.S.), Yaskawa Electric Corporation (Japan), Rexnord Corporation (U.S.), Emerson Electric Co. (U.S.), and Nord Drivesystems (Germany).

Global Food Automation Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa