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State of Digitalization of the Food and Beverage Industry
State of Digitalization of the Food and Beverage Industry
Robotics and Traceability Technologies to Ensure Greater ROI & Margin
12-Jun-2023
North America
Description
Food & Beverage (F&B) manufacturing has embraced IIoT, AI, MES, ERP, and more such tools to move up production and quality. Advancements in real-time data processing and predictive analytics further help introduce new ways of utilizing data to generate insights for effective decision-making. Successful F&B companies are constantly innovating and upgrading their technological infrastructure using elements of IIoT, such as edge computing, Big Data, predictive analytics, cloud, and other applications. F&B automation will improve process and product efficiency. Amidst ever-expanding opportunities and the development of new business models, companies are looking at exploring ways to adopt digital technologies to improve the quality of food production and be more systematic about meeting evolving consumer demands.
This growth opportunity analytics discusses the benefits gained through the adoption of automation tools for F&B production, investigates some of the top technology trends that are shaping the industry, and highlights some key competitive participants in this industry.
Author: Ranjana Venkatesh Kumar
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Automation of the Food and Beverage Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Overview
Impact of Digitalization Across the F&B Value Chain
The Future of F&B
The Need for Digitalization
Advantage of Digitalization in F&B
How will Automation Change F&B?
Trends in the F&B Industry
Trends in the F&B Industry (continued)
Emerging Technologies Across F&B Market
Transformed Areas within Each Segment of the F&B
Adoption Levels of Processes—Technologies and Across Participants in the F&B Industry
Future of Traceability in the F&B Industry
Digitalization in the F&B Industry
Segmentation by Automation Technology
Automation Product Line Definitions
Automation Product Line Definitions (continued)
Industry Segmentation
Segmentation by Application
Automation Product Line Applications in the F&B Value Chain—2022
Key Competitors
Growth Drivers
Growth Restraints
Technology Adoption
Strategies to Quicken Digitalization Adoption in F&B Industry
Key Growth Metrics
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Product
Price Trend and Revenue Forecast Analysis
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Product
Revenue Forecast Analysis by Product (continued)
Revenue Forecast Analysis by Product (continued)
Competitive Environment
Revenue Share
Revenue Share Analysis
Competitive Landscape
Digitalization Initiatives
Sustainability in F&B
Why will Sustainability Drive Transformational Changes in the F&B Automation?
Sustainability Initiatives by F&B Plants
United Nation’s Sustainable Development Goals
Key SDG: Climate Action
Key SDG: Responsible Consumption and Production
Key SDG: Industry, Innovation and Infrastructure
Growth Metrics
Revenue Forecast
Revenue Forecast by Country
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Select Countries
Forecast Analysis by Region
Growth Metrics
Revenue Forecast
Revenue Forecast by Country
Forecast Analysis by Region
Growth Metrics
Revenue Forecast
Revenue Forecast by Selected Countries
Forecast Analysis by Region
Growth Opportunity 1: Traceability
Growth Opportunity 1: Traceability (continued)
Growth Opportunity 2: Robotics and Automation for Accuracy and Quality Control
Growth Opportunity 2: Robotics and Automation for Accuracy and Quality Control (continued)
Growth Opportunity 3: Safety
Growth Opportunity 3: Safety (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
| Author | Ranjana Venkatesh Kumar |
|---|---|
| Industries | Industrial Automation |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Food and Beverage Manufacturing |
| Keyword 2 | F&B Industry |
| Keyword 3 | Food and Beverage Industry |
| Podcast | No |
| WIP Number | PD05-01-00-00-00 |