Industry Overview
AI in Food & Beverages Market was valued at $8.9 billion in 2024 and is anticipated to grow at a CAGR of 39.7% during the forecast period (2025-2035). This expansion is fueled by the growing demand for food processing automation, widening use of predictive analytics to forecast inventory and monitor quality, and the necessity for AI-powered personalized consumer experiences.
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Market Players Outlook
Some of the prominent companies operating in the global AI in food & beverages market are ABB Ltd., Honeywell International Inc., Key Technology Inc., Rockwell Automation Inc., and TOMRA Sorting Solutions AS, among others. The players in the market are focusing more on business growth and product innovation by leveraging strategies such as collaborations, mergers, and acquisitions to remain competitive in the market. For instance, in July 2024, a food and beverage innovation company Mattson, hired Steve Gundrum as its inaugural Chief Artificial Intelligence Officer and launched AI-driven product innovation services. Its new ProtoThink AI platform offers quick exploration of ideas with expert AI models, and the AI-driven Food Studio Ideation service accelerates idea generation. Moreover, Mattson’s more developed AI models deliver rich consumer insights by examining billions of points of data, providing quicker and cheaper market insight.
Recent Developments
- In July 2024, Chef Robotics, Inc. launched an AI-based robot to optimize industrial food production and address labor gaps. The ChefOS software-powered robot is intended to increase efficiency and minimize waste during mass food manufacturing. It can partly mechanize operations within a small space with minimal resources while permitting employees to work alongside, minimizing the number of production area employees.
- In March 2024, Ai Palette, a product development solutions firm that uses AI and operates in the Consumer Packaged Goods (CPG) and food sectors, raised $5.7 million in Series A1 funding, taking its total funding to $11.2 million. The capital will go towards building out its AI-enabled platform that assists food businesses in de-risking and speeding up the product innovation process.
- In January 2024, ITC Ltd. implemented AI technologies for advanced quality control in dairy and beverage production. It employed visual inspection systems and real-time monitoring to ensure high product quality, which complements the increasing application of AI in food industries.
Some of the Key Companies in the AI in Food & Beverages Market include-
- ABB, Ltd.
- Honeywell International, Inc.
- Key Technology, Inc.
- Publicis Sapient
- Raytech Vision SpA
- Rockwell Automation, Inc.
- Sesotec GmbH
- Sight Machine Inc.
- TOMRA Sorting Solutions AS
AI in Food & Beverages Market Segmentation Analysis
Global AI in Food & Beverage Market by Application
- Food Sorting
- Consumer Engagement
- Quality Control & Safety Compliance
- Production and Packaging
- Maintenance
- Other (Trend Analysis)
Global AI in Food & Beverage Market by End-User
- Hotels & Restaurants
- Food Processing Industry
- Beverage Industry
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- ASEAN Economies (Singapore, Thailand, Vietnam, Indonesia, and Other)
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Anurag Tiwari
Director Sales Division
+91 780-304-0404
info@omrglobal.com
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