AI In Food And Beverages: A Booming Global Market In 2023 - By The Business Research Company
LONDON , Aug. 2, 2023 /PRNewswire/ -- Artificial Intelligence (AI) has revolutionized various industries, and the food and beverages sector is no exception. The integration of advanced AI and machine learning techniques in this domain has brought about significant improvements in food waste management, deliveries, and food safety. Big data analytics and machine learning models enable AI to extract valuable insights into consumer demands and preferences, driving product innovation and customer satisfaction.
- The global AI in food and beverages market is projected to witness remarkable growth, with a compound annual growth rate (CAGR) of 46.6%.
- The AI in food and beverages market is experiencing rapid growth, primarily fueled by the increasing number of start-ups in the industry.
- According to the Global AI in Food and Beverages Market Report 2023 , North America held the largest market share in 2022.
- As the global market continues to grow, businesses that embrace AI will likely gain a competitive advantage in this dynamic sector.