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Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021

Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021

About Artificial Intelligence (AI) in Food and Beverage (F&B) Industry

AI technologies have been developed over the years, to assist humans in deliberating, deducing, analyzing, and inventing new technologies that can help end-users. AI embodies multiple disciplines that allow computers to perform functions associated with human intelligence such as reasoning, problem-solving, and learning. Manufacturers in the F&B industry can experience several benefits by deploying AI technology in the manufacturing sector.

Technavio’s analysts forecast the global artificial intelligence (AI) market in food and beverage (F&B) industry to grow at a CAGR of 42.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global artificial intelligence (AI) market in food and beverage (F&B) industry for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Aboard Software
  • Ailyti
  • Analytical Flavor Systems
  • Deepnify
  • ImpactVision
Other prominent vendors
  • IntelligentX Brewing
  • Martec Of Whitwell
  • NotCo
  • Sight Machine
  • TOMRA
Market driver
  • Regulations to improve food safety
  • For a full, detailed list, view our report
Market challenge
  • Limited automation in the F&B industry in developing countries
  • For a full, detailed list, view our report
Market trend
  • Emergence of IIoT
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021

Technavio recognizes the following companies as the key players in the global artificial intelligence (AI) market in food and beverage (F&B) industry: Aboard Software, Ailyti, Analytical Flavor Systems, Deepnify, and ImpactVision.

Other Prominent Vendors in the market are: IntelligentX Brewing, Martec Of Whitwell, NotCo, Sight Machine, and TOMRA.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of IIoT. The development of Industrial Internet of Things (IIoT) and technological enhancements will fuel the adoption of AI in the F&B industry. The high demand and use of smart devices, wireless, and cloud technology will influence the future of industrial robots, such as collaborative robots, in terms of the range of utility and mode of operation.”

According to the report, one driver in the market is regulations to improve food safety. Manufacturers in the F&B industry are increasingly adopting automation to meet regulations and guidelines set by industry associations for ensuring maintenance in the quality of products offered. For instance, Food & Drug Administration’s Food Safety Modernization Act (FSMA) introduced regulations in September 2016, which necessitate large food manufacturers to meet preventive controls and Current Good Manufacturing Practice (CGMPS) requirements. F&B manufacturers are required to have a safety system in place for analysis of hazards and risk-based preventive controls.

Further, the report states that one challenge in the market is limited automation in the F&B industry in developing countries. A major factor that has limited the adoption of AI in the F&B industry is the limited investment in technology by manufacturers. The forecast period will see the limited adoption of technologies and automation as a major challenge for the growth of the AI market in F&B industry. This is a major challenge worldwide, as manufactures in the F&B industry are mainly family-run businesses and domestic companies with limited global presence. Thus, they face budgetary constraints in employing automated solutions, especially those relying on advanced technologies such as AI.

Companies Mentioned

Aboard Software, Ailyti, Analytical Flavor Systems, Deepnify, ImpactVision, IntelligentX Brewing, Martec Of Whitwell, NotCo, Sight Machine, and TOMRA.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global AI market in industrial sector 2016 and 2021 ($ billions)
      • Table Major AI technologies
  • Market landscape
    • Market overview
      • Table Global AI market in F&B industry
    • Market size and forecast
      • Table Global AI market in F&B industry ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market size and forecast 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Transportation and logistics – Market size and forecast
      • Table Transportation and logistics – Market size and forecast 2016-2021 ($ millions)
      • Table Transportation and logistics – Year-over-year growth 2017-2021 (%)
    • Production planning – Market size and forecast
      • Table Production planning – Market size and forecast 2016-2021 ($ millions)
      • Table Production planning – Year-over-year growth 2017-2021 (%)
    • Quality control – Market size and forecast
      • Table Quality control – Market size and forecast 2016-2021 ($ millions)
      • Table Quality control – Year-over-year growth 2017-2021 (%)
    • Others – Market size and forecast
      • Table Others – Market size and forecast 2016-2021 ($ millions)
      • Table Others – Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market size and forecast 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast
      • Table Americas – Market size and forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • EMEA – Market size and forecast
      • Table EMEA – Market size and forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • APAC – Market size and forecast
      • Table APAC – Market size and forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major elements of data-guided decision making in companies
      • Table Major areas of concern for manufacturers in the F&B industry that will propel AI demand
    • Market challenges
  • Market trends
    • Changes in business models of F&B players
      • Table Evolution of production planning in F&B
      • Table Total distribution of costs incurred in a typical F&B manufacturing firm
    • Emergence of IIoT
    • Technology innovations in the market
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Vendor analysis
    • Vendor overview
    • Aboard Software
      • Table Product offering: Aboard Software
    • Ailytic
      • Table Product offering: Ailytic
      • Table Recent developments
    • Analytical Flavor Systems
      • Table Product offering: Analytical Flavor Systems
    • Deepnify
      • Table Product offering: Deepnify
    • ImpactVision
      • Table Product offering: ImpactVision
  • Appendix
    • List of abbreviations
  • Explore Technavio

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