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

RELEASE DATE
12-Jun-2023
REGION
North America
Deliverable Type
Market Research
Research Code: PD05-01-00-00-00
SKU: IA01694-NA-MT_27761
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$4,950.00
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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

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
More Information
Deliverable Type Market Research
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