Food Flavors Market - Global Forecast to 2023 Food Automation Market | Page 2

The report "Food Automation Market by Type (Motor Controls, Discrete controllers &
visualization, rotary & linear products), Function (Palletizing, Sorting & Grading, Picking &
Placing, Processing), Application (Dairy, Bakery), and Region - Global Forecast to 2022",
The global food automation market is projected to reach USD 12.26 Billion by 2022 in terms
of value, at a CAGR of 6.90% from 2017 to 2022. The global food automation market is
expanding with considerable growth potential over the next five years. The growth of this
market can be attributed to the inclination of consumers towards processed and ready to
eat foods, technological advancements in automation, and stringent international food
safety regulations.
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Motors & generators type estimated to be the largest segment in 2017
The motors & generators segment is estimated to account for the largest market share in
the food automation market in 2017. Motors & generators are experiencing steady demand
in industrialized countries and occupy a significant share in the food automation market
especially in the European region. The motors & generators segment is mainly driven by
their multi-functional nature.