Industry Research Reports

According to Goldstein Research, global food service industry is expected to grow from USD 3.20 billion 2016, growing at a CAGR of 4.1% over the forecast period 2016-2024. The rising concerns of consumers over the total number of calorie intake, demand for healthy meals and the fresh quality food is also increasing. This is propelling the growth of food service market across the globe. Global food service market segmentation has been done on the basis of system type, types of restaurant and geography. Different priorities such as fresh and natural food with high nutrient content, adventurous meals with authentic and sophisticated services from users are creating market competitiveness for providing high value-oriented food services to the consumers and thereby expanding food service business across the globe. Global food service market is largely dominated by North America but saturation and stagnation in the food business getting matured in the U.S. is creating stable growth of ...

According to Goldstein Research, global food automation market is expected to reach USD 13.6 billion by 2024, growing at a CAGR of 7.40% over the forecast period 2016-2024. Growing importance on product quality and lean manufacturing, rising demand for scalability and increasing innovations for interoperability between machinery, sensors, controllers, drives and other equipment are driving the demand for automation in the food sector. Global food automation market segmentation has been done on the basis of product type, function, application and geography. High operational & labour cost and low productivity are increasing the requirement for the use of robots in the food & beverage sector. Implementation of robots resulted in nearly 48% of capital savings and automation in food increased the production by 30% in 2016. Global food automation market is largely dominated by Europe followed by North America. Huge demands of processed food with growing number of manufacturers ...