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The global Artificial Intelligence (AI) in food and beverage market size is expected to reach USD 62.83 billion in 2028 and register a robust CAGR of 44.4% throughout the forecast period. Consumer shift towards fast, easily accessible, and affordable food products has led to an alteration in the food & beverage industry.

Technological advancements such as machine learning and AI has influenced market growth. AI has been gaining traction over the last few years, with various companies actively investing in discovering potential of technology in the global industry. AI helps in supply chain management, predictive logistics, and analytics. Many market players dealing in perishable food products like vegetables, fruits, eggs, meat, poultry are utilizing AI to provide advanced forecasting models and improved quality assurance which is boosting market growth. Increasing need in food & beverages companies to decrease operational costs across supply chain is enhancing growth of the AI in food & beverage market. Growing need for reducing human errors is another driver propelling growth of the AI in food and beverage market.

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Some key highlights in the report:

For the purpose of this report, Emergen Research has segmented the global Artificial Intelligence (AI) in food and beverage market on the basis of end-use, application, and region:

End-use Outlook (Revenue, USD Billion; 20182028)

Application Outlook (Revenue, USD Billion; 20182028)

Regional Outlook (Revenue, USD Billion; 20182028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/artificial-intelligence-in-food-and-beverage-market

Here is the original post:
Artificial Intelligence in Food and Beverage Market Size Forecasted to Reach Valuation of USD 62.83 Billion... - TechBullion