Food Automation Market will reach $14.3 billion by 2025: : Meticulous Research®
Global food automation market is expected to reach $14,303.2 million by 2025 supported by a CAGR of 7.5% during the forecast period of 2019 to 2025.
Pune, India – June 28, 2019 /MarketersMedia/ —
Meticulous Research® – one of the leading global market research companies published a research report titled “Food Automation Market by Type (Motor & Generator, Motor Control, Rotary Products), Application (Packaging, Palletizing, Processing), Industrial Vertical (Dairy Processing, Bakery, Beverage, Meat Products) – Global Forecast to 2025”
According to this latest publication from Meticulous Research®, the global food automation market will grow at a CAGR of 7.5% from 2019 to reach $14,303.2 million by 2025, primarily driven by the increasing food safety regulations, rising demand for processed and advanced packaged foods, and increasing technological advancements in the food industry. Also, the increasing demand for automated systems will further fuel the growth of food automation market. However, high capital investments restrict the growth of the market to some extent. Moreover, lack of skilled workforce and training has significantly challenged the adoption of automation in various food sectors in many parts of the globe.
Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4956
Geographically, the global food automation market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analysed at a country level with the detailed qualitative and quantitative analysis. Europe accounted for the largest share of the global food automation market in 2018, followed by North America and Europe. The major share of the European region is mainly attributed to the increasing wages, stringent food safety regulations, acquisitions by the giant players, and growing trends for automated systems in the manufacturing lines. On the other hand, Asia-Pacific region is projected to grow at a fastest CAGR during the forecast period, mainly due to growing demand for processed and packaged foods, changing consumer habits and tastes with the adoption of western foods, and the emerging economies.
The key players in the global food automation market are Rockwell Automation Inc., Siemens, ABB Group, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Fanuc Corporation, Destaco, JLS Automation, Yaskawa Electric Corporation, GEA Group, Proleit AG, Falcon Autotech, and Food Automation Pty. Ltd. among others.
Browse in depth report: https://www.meticulousresearch.com/product/food-automation-market-4956/
Scope of the Report:
Market by Type:
Motors and Generators
Motor Controls
Discrete Controllers and Visualization
Rotary and Linear Products
Others
Market by Application:
Packaging and Repacking
Palletizing and Depalletizing
Grading and Sorting
Pick and Place
Processing
Others
Market by Industry Verticals:
Beverages and Distilleries
Dairy Processing
Bakery and Confectionary
Meat, Poultry, and Seafood Products
Fruits and Vegetables
Others
Market by Geography:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Taiwan
Indonesia
Australia
Rest of Asia-Pacific
Rest of World
Middle-East & Africa
Latin America
Key questions answered in the report-
Which are the high growth market segments in terms of type, mode of operation, application, industry verticals, and regions/countries?
What is the historical market for food automation across the globe?
What are the market forecasts and estimates from the period 2017-2025?
What are the major drivers, restraints, challenges, and opportunities in the global food automation market?
Who are the major players in the global food automation market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global food automation market?
What are the recent developments in the global food automation market?
What are the different strategies adopted by the major players in the global food automation market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global food automation market and how do they compete with the global players?
Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4956
Contact Info:
Name: Khushal
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd.
Address: Pune, India
Phone: +91-744-7780008
Website: https://www.meticulousresearch.com/product/food-automation-market-4956/
Source: MarketersMedia
Release ID: 88890976
Copyright © 1999-2013 SproutNews.com
