AI in Food & Beverages Market Share

Market Share of AI in Food & Beverages Industry

Artificial intelligence in the food and beverage market is highly fragmented and consists of several major players. In terms of market share, many players dominate the market. These players with prominent shares in the market are focusing on expanding their customer base. These companies leverage strategic collaborative initiatives to increase their market share and profitability. The companies operating in the market are also acquiring start-ups working on artificial intelligence in the food and beverages market to strengthen their product capabilities. Some key players include TOMRA Sorting Solutions AS, GREEFA, Sesotec GmbH, Key Technology Inc., Raytec Vision SpA, Rockwell Automation Inc., ABB Ltd., and Honeywell International Inc., among others.

In July 2022, Wings and Rings partnered with Miso Robotics to begin Flippy 2 in restaurants. Flippy 2 leverages artificial intelligence, machine learning, computer vision, and data analytics to maximize efficiency in the commercial kitchen. The partnership was expected to implement robotics as the next evolution in alleviating the long-term challenges that the ongoing labor shortage brought to the entire restaurant industry.

In February 2022, a Colombian robotic sidewalk delivery start-up announced an expanded contract with Sodexo, a food services and facilities management company. This contract will enable the company to expand its robotic fleet, delivering more than 1,200 robots across 50 US college campuses with SODEXO by the end of 2022.

Artificial Intelligence (AI) in Food & Beverage Market Leaders

1. TOMRA Sorting Solutions AS

2. Rockwell Automation Inc.

3. ABB Ltd

4. Honeywell International Inc.

5. Key Technology Inc.

*Disclaimer: Major Players sorted in no particular order