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

RELEASE DATE
21-May-2019
REGION
Asia Pacific
Research Code: 9AB8-00-2C-00-00
SKU: CM01678-AP-MR_23199

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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

Related Research
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
More Information
No Index No
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