Value Of Food Automation To Reach US$12.2 Billion

  • Monday, 04 September 2017 10:00
  • Published in Business News
  • Read 468 times

The global food automation market is projected to grow at a CAGR of 6.9 percent from 2016 to 2022, according to market intelligence agency ReportLinker.

The global food automation market was valued at US$8.22 billion in 2016 and is projected to reach US$12.2 billion by 2022.

The food automation market is driven by the increasing inclination of consumers towards processed and ready to eat foods, technological advancements in automation and stringent international food safety regulations.

The discrete controllers and visualisation segment is projected be the fastest-growing category for food automation during the forecast period. One of the major drivers for this segment is due to the integrated and flexible production options to manufacturers.

Control and visualisation systems provide smooth manufacturing operations through efficient control and management. Incorporating these control systems provide manufacturers with increased productivity and quality by streamlining multiple processes in manufacturing plants, and better coordination of plant processes can be achieved.

In the function segment, packaging and repackaging is projected be the fastest-growing function for food automation during the forecast period. A growth driver for this segment is the growing food safety concerns among consumers. Automated packaging helps food manufacturers with their challenges of maintaining food safety, hygiene and quality.

Asia Pacific is projected be the fastest-growing region for food automation during the forecast period. A driver for the region’s growth is due to its large market base for the food and beverage industry; the improved standard of living due to the rise in income levels, and growing number of manufacturers in the region.

The food and beverage market in the Asia Pacific is currently undergoing a transformation in response to rapid urbanisation, diet diversification, and the liberalisation of foreign direct investment in the food sector.

  • Last modified on Monday, 04 September 2017 17:30
  • font size

APFI About Us

Asia Pacific Food Industry (APFI) is Asia’s leading trade magazine for the food and beverage industry. Established in 1985, APFI is the first BPA-audited magazine and the publication of choice for professionals throughout the industry with its editorial coverage on the latest research, innovative technologies, health and nutrition trends, and market reports.

Asia Pacific Food Industry is published by Eastern Trade Media Pte Ltd. The company owns numerous trade and consumer titles, including Asia Pacific Metalworking Equipment News and Industrial Automation Asia.

Ebook

View Now