Artificial Intelligence in Food Processing, Asia-Pacific, 2019
Artificial Intelligence in Food Processing, Asia-Pacific, 2019
Continuous AI Disruption will Transform the Food Processing Landscape in the Region
21-May-2019
Asia Pacific
Description
The global food and beverages (F&B) industry continues to grow at a steady rate, driven largely by population growth, rising income levels, and changing lifestyles. Along with a shift in population demographics, consumers are becoming increasingly health-conscious and looking for premium, organic ingredients as well as the ability to customize their food products. In the emerging economies of the Asia-Pacific (APAC) region, convenience is a top priority for consumers owing to their busy lifestyles, increased participation of women in the workforce, and population aging. These major trends are expected to boost the growth of the F&B industry as a whole, and the F&B processing equipment sector in particular.
Artificial Intelligence (AI) is poised to revolutionize the F&B industry, as AI-equipped machines can significantly increase efficiency without compromising on quality. AI technology can be implemented in all stages of the F&B supply chain, resulting in an overall improvement in the ability of suppliers and manufacturers to sense and rapidly respond to the dynamic demands of the end users. Key application areas include food sorting, production line monitoring and process optimization, equipment cleaning, new product development, and product customization.
Compared to North America and Europe, adoption of AI in the APAC region is still in early stages, and the numbers are still limited. China and Japan lead the region in adoption rates, with the AI ecosystem in these countries being substantially more established. China attracts the major share of global investments in AI and boasts of a booming food delivery market that is 10 times the volume of its US counterpart. Japan has prioritized AI technology in its R&D expenditure to ensure that productivity is not negatively affected by its declining labor force. Meanwhile, Singapore shows great potential to be the region’s center of AI revolution, supported by significant government investment to build a digitally-enabled workforce. On the whole, AI adoption rate is recording an upward trend driven by a growing number of start-ups in the region, supportive policies and funding initiatives by governments, and a sizable millennial population.
Major industry participants are already utilizing AI in various applications, most notably for ensuring food safety in the wake of the recent scandals. Other applications include facilitating automation in the kitchen and in processing facilities, enhancing services by providing options for personalization, predicting upcoming food trends for new product developments, and providing a human element to robot waiters and vending machines. Although no longer considered a novelty, AI is yet to be ubiquitous due to cost constraints and the lack of skilled experts. However, with a growing number of innovative start-ups looking to increase their market share, AI technology can provide the much needed edge in this highly competitive space.
Author: Shikhar Aggarwal
Table of Contents
Key Findings
Market Definition and Scope
Global Food and Beverage Trends and Market Outlook 2019
Embracing AI–Food Industry
Role of AI in the Food Value Chain
Why is AI the Perfect Solution for Food Processing?
Key Questions this Study will Answer
AI in the Food Industry—Key Trends and Application Areas in North America
AI in the Food Industry—Key Trends and Application Areas in Europe
AI in the Food Industry—Key Trends and Application Areas in APAC
APAC Food and Beverage Market Outlook 2019
China—Market Highlights of AI in the Food Industry
China—Market Drivers for AI in Food Processing
Japan—Market Highlights of AI in the Food Industry
Japan—Market Drivers for AI in Food Processing
Singapore—Market Highlights of AI in the Food Industry
Singapore—Market Drivers for AI in Food Processing
Growth Opportunity 1—Enhancing Quality and Safety across the Value Chain
Growth Opportunity 2—AI-powered Digital Marketing Platform
Growth Opportunity 3—Personalized Nutrition and Food-as-medicine
Strategic Imperatives for Success and Growth
Kirin—Beer that Learns
Kewpie—Makes Baby Food Safer
Ajinomoto—Selects your Perfect Recipe
Conclusion of AI Applications in APAC
Legal Disclaimer
List of Exhibits
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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No Index | No |
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Podcast | No |
Author | Sujadhini Nayar |
Industries | Chemicals and Materials |
WIP Number | 9AB8-00-2C-00-00 |
Is Prebook | No |
GPS Codes | 9104-A2,9986-A2,9A75-A2,9595,9B07-C1 |