According to the latest report by IMARC Group “Artificial Intelligence (AI) in Food & Beverages Market: Global Industry Size, Share, Trends, Growth Rate, Research Report, Opportunity and Forecast 2023-2028“. The global artificial intelligence (AI) in food & beverages market size reached US$ 5.27 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.9 Billion by 2028, exhibiting a growth rate (CAGR) of 39.6% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Artificial intelligence (AI) is a computer science field focused on developing robots that can simulate human intelligence and perform various industrial tasks that typically require human intervention. AI in the food and beverage (F&B) sector is used to execute various functions such as quality control, meal transportation, consumer engagement, industrial standard compliance, food sorting, and product packaging. It optimizes workflow, reduces the workload of workers, facilitates innovation of new products based on consumer recommendations, and enhances the purchasing experience. As a result, AI in food and beverages finds extensive applications in logistics, reducing human errors and making informed business decisions across the globe.

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Artificial Intelligence (AI) in Food & Beverages Market Trends:

The market is primarily driven by the increasing need to supply chain operational efficiency and the adoption of automated services for sorting diverse food and beverage products. Moreover, the growth of the hotel, restaurant, and catering (HoReCa) sector has augmented the product demand. Additionally, the surging adoption of AI in F&B to forecast inventory levels, monitor product quantities, detect production cycle time and minimize machine downtime as it reduces operational expenses has catalyzed the market growth. Furthermore, numerous technological advancements, including the integration of machine learning (ML) solutions that deduce end goals, refine market strategies, and reduce warehousing costs, are contributing to market growth. Other factors, including the rapid expansion of the F&B industry, the rising establishment of quick-service restaurants (QSRs), and increasing collaborations among key players, are also anticipated to drive the market further.

The report has segmented the market on the basis of Application Insights, End User Insights and Market Breakup by Region.

Application Insights:

Food Sorting
Quality Control and Safety Compliance
Consumer Engagement
Production and Packaging

End Use Insights:

Food Processing Industry
Hotel and Restaurant
Beverage Industry

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape:

ABB Ltd.
Sesotec GmbH
Siemens AG
Sight Machine

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