IoT Market in Food & Beverage Industry

Global IoT Market in Food & Beverage Industry Size, Trends & Analysis - Forecasts to 2028 By Component (Hardware, Software Solutions, Services), By Organization Size (Small and Medium Sized Enterprises, Large Enterprises), By Application (Food Safety, Manufacturing & Production, Supply Chain, Waste Management, Others), By Region (North America, Asia Pacific, Central & South America, Europe, the Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Trending Technology
Format
  • ms word
  • ms excel
  • ms ppt
  • pdf
This report was recently updated on May 12 2024 with the latest and most recent market numbers

Global IoT Market in Food and Beverages Industry Size

The global IoT market in F&B industry is projected to grow at a CAGR of 15.5% from 2023 to 2028.

With the integration of IoT technologies, the F&B industry has witnessed significant advancements and transformations. The IoT market in the food and beverage industry has exponential growth, and is driven by the need for enhanced operational efficiency, improved safety standards, and increased consumer demands for transparency and quality. IoT devices and sensors are being used throughout the F&B supply chain, starting from the production and manufacturing processes to distribution, and storage. These IoT devices enable real-time monitoring, data collection, and analysis, which allows companies to optimize their operations, reduce waste, and ensure product safety & quality.

High focus on improved operational efficiency and cost reduction by the key manufacturers in F&B sector is one of the major drivers in the market. In line with this, IoT devices and sensors are used throughout the supply chain to monitor and optimize various processes (such as inventory management, production, and distribution). Growing demand for food safety and quality assurance will further drive the market growth. Key players in F&B sector have used IoT devices to monitor and control the critical parameters (such as temperature, humidity, and storage conditions). Additionally, IoT-enabled traceability systems can track and authenticate the source of food items that can improve transparency and consumer trust.

Consumer preferences for more healthy food & nutrients possess high demand for IoT technologies in F&B sector. This enables smart packaging and labelling solutions that can provide real-time information about nutritional content, ingredient sourcing, and allergen warnings. Additionally, sustainability and environmental concerns are expected to drive the adoption of IoT in the food and beverage industry. Pertaining to this trend, by using IoT devices, companies can optimize energy usage, reduce water consumption, and minimize waste generation throughout the supply chain. For instance, smart farming techniques uses IoT sensors enable precise irrigation and fertilization, leading to better resource utilization and crop yields.

Moreover, the integration of IoT with other emerging technologies, such as artificial intelligence and data analytics, enhances the growth in the F&B industry. Advanced analytics algorithms can analyse massive amounts of IoT-generated data, extracting valuable insights for predictive maintenance, demand forecasting, and personalized customer experiences. However, the complex and diverse nature of the F&B supply chain possess a significant challenge for providing the compatibility of different IoT technologies across the stages of food production. Furthermore, inadequate infrastructure in F&B industry to handle and analyse the data provided by IoT devices.

global iot market in food & beverage industry

Global IoT Market in Food & Beverage Industry: By Component

The software segment is registered to be the largest segment in the market from 2023-2028. Growing demand for real-time data analytics and monitoring in the F&B industry has propelled the need for software solutions. In line with this, IoT-enabled devices produce large amount of data from various stages of the supply chain (such as production, processing, and distribution). Furthermore, the increasing focus on food safety and traceability by the government has driven the adoption of IoT software solutions. With the stringent regulatory requirements and consumer expectations for transparency, key F&B companies have turned their attention to IoT technology to track and monitor the movement of products throughout the supply chain.

Global IoT Market in Food & Beverage Industry: By Organization Size

The large enterprises segment dominated the IoT market in F&B industry, and is expected to have a high growth rate during the forecast period. This is attributed to growing adoption of IoT technology by key F&B manufacturers to gain strategic and a competitive advantage over their competitors. Furthermore, large enterprises in the F&B industry possess immense potential of IoT to enhance operational efficiency. By using IoT sensors and devices throughout their supply chain, these enterprises gain real-time visibility into various aspects of their operations (includes tracking inventory levels, monitoring equipment performance, and optimizing production processes). The data collected through IoT-enabled devices helps large enterprises to make data-driven decisions, reduce waste, improve resource allocation, and streamline their overall operations.

Global IoT Market in Food & Beverage Industry: By Application

The supply chain is anticipated to be the fastest-growing segment in the market from 2023-2028. Also, it is registered to be the largest segment in the market. Real-time tracking and monitoring capabilities is considered as one of the key drivers for the market growth. IoT sensors & devices are used across various stages of the supply chain (from production process to transportation & warehousing). Growing demand for transparency & traceability in the F&B industry will enhance the market growth. In line with this, IoT devices helps in accurate and reliable tracking of products throughout the supply chain. By using the technologies such as RFID tags, barcodes, and GPS, the key players can provide detailed information about the products source, production methods, transportation routes, and storage conditions. This transparency helps in quick identification and resolution of any quality or safety issues.

asia pacific iot market in food & beverage industry

Global IoT Market in Food & Beverage Industry: By Region

North America holds the largest share in IoT market in F&B industry. Rising demand for food safety and traceability is expected to drive the market growth. Pertaining to this trend, IoT technologies helps real-time monitoring of various parameters such as temperature, humidity, and storage conditions, ensures that food products are stored & transported under optimal conditions. Furthermore, the need for operational efficiency & cost savings has driven the growth in the integration of IoT solutions in the F&B industry. Additionally, growing focus on sustainability and environmental impact that can assist in optimizing resource consumption, reducing energy wastage, and minimizing food waste.

Furthermore, Asia Pacific region has witnessed a high growth rate during the forecast period. This is mainly attributed to high demand for operational efficiency and cost reduction has motivated the F&B industry to embrace IoT solutions. In line with this, IoT-enabled devices and systems facilitate automation & data-driven decision-making, leading to streamlined operations and reduced wastage. For instance, connected sensors helps in monitoring the equipment performance and detect maintenance issues, enabling predictive maintenance and minimizing downtime.

Global IoT Market in Food and Beverages Industry Share and Competitor Analysis

Siemens, Microsoft, Oracle, Cisco, Qualcomm, SAP, IBM, Intel, Hitachi, and GE Digital, among others, are some of the key players in the global IoT market for F&B.

Please note: This is not an exhaustive list of companies profiled in the report.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

2.4   Data Metrics on Feed Stocks

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL IOT MARKET IN F&B INDUSTRY, BY COMPONENT

4.1   Introduction

4.2   IoT market in F&B Industry: Component Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Hardware

4.4.1        Hardware Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Software Solutions

4.5.1        Software Solutions Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL IOT MARKET IN F&B INDUSTRY, BY ORGANIZATION SIZE

5.1   Introduction

5.2   IoT market in F&B Industry: Organization Size Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Small and Medium Sized Enterprises

5.4.1        Small and Medium Sized Enterprises Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Large Enterprises

5.5.1        Large EnterprisesMarket Estimates and Forecast, 2020-2028 (USD Million)

6         GLOBAL IOT MARKET IN F&B INDUSTRY, BY APPLICATION

6.1   Introduction

6.2   IoT market in F&B Industry: Application Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   Food Safety

6.4.1        Food Safety Market Estimates and Forecast, 2020-2028 (USD Million)

6.5   Manufacturing & Production

6.5.1        Manufacturing & Production Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Supply Chain

6.6.1        Supply Chain Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Waste Management

6.6.1        Waste Management Market Estimates and Forecast, 2020-2028 (USD Million)

6.6   Others

6.6.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

7          GLOBAL IOT MARKET IN F&B INDUSTRY, BY REGION

7.1   Introduction

7.2   North America IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.2.1        By Platform Type

7.2.2        By Organization Size Area

7.2.3        By Application

7.2.4        By End User  

7.2.5        By Country

7.2.5.1     U.S. IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.2.5.1.1           By Platform Type

7.2.5.1.2           By Organization Size Area

7.2.5.1.3           By Application

7.2.5.1.4           By End User  

7.2.5.2     Canada IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.2.5.2.1           By Platform Type

7.2.5.2.2           By Organization Size Area

7.2.5.2.3           By Application

7.2.5.2.4           By End User  

7.2.5.3     Mexico IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.2.5.3.1           By Platform Type

7.2.5.3.2           By Organization Size Area

7.2.5.3.3           By Application

7.2.5.3.4           By End User  

7.3   Europe IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.3.1        By Platform Type

7.3.2        By Organization Size Area

7.3.3        By Application

7.3.4        By End User  

7.3.5        By Country

7.3.5.1     Germany IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.3.5.1.1           By Platform Type

7.3.5.1.2           By Organization Size Area

7.3.5.1.3           By Application

7.3.5.1.4           By End User  

7.3.5.2     U.K. Presered Flowers Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.5.2.1           By Platform Type

7.3.5.2.2           By Organization Size Area

7.3.5.2.3           By Application

7.3.5.2.4           By End User  

7.3.5.3     France IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.3.5.3.1           By Platform Type

7.3.5.3.2           By Organization Size Area

7.3.5.3.3           By Application

7.3.5.3.4           By End User  

7.3.5.4     Italy IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.3.5.4.1           By Platform Type

7.3.5.4.2           By Organization Size Area

7.3.5.4.3           By Application

7.3.5.4.4           By End User  

7.3.5.5     Spain IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.3.5.5.1           By Platform Type

7.3.5.5.2           By Organization Size Area

7.3.5.5.3           By Application

7.3.5.5.4           By End User  

7.3.5.6     Netherlands IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.3.5.6.1           By Platform Type

7.3.5.6.2           By Organization Size Area

7.3.5.6.3           By Application

7.3.5.6.4           By End User  

7.3.5.7     Rest of Europe IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.3.5.7.1           By Platform Type

7.3.5.7.2           By Organization Size Area

7.3.5.7.3           By Application

7.3.5.7.4           By End User  

7.4   Asia Pacific IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.1        By Platform Type

7.4.2        By Organization Size Area

7.4.3        By Application

7.4.4        By End User  

7.4.5        By Country

7.4.5.1     China IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.1.1           By Platform Type

7.4.5.1.2           By Organization Size Area

7.4.5.1.3           By Application

7.4.5.1.4           By End User  

7.4.5.2     Japan IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.2.1           By Platform Type

7.4.5.2.2           By Organization Size Area

7.4.5.2.3           By Application

7.4.5.2.4           By End User  

7.4.5.3     India IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.3.1           By Platform Type

7.4.5.3.2           By Organization Size Area

7.4.5.3.3           By Application

7.4.5.3.4           By End User  

7.4.5.4     South Korea IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.4.1           By Platform Type

7.4.5.4.2           By Organization Size Area

7.4.5.4.3           By Application

7.4.5.4.4           By End User  

7.4.5.5     Singapore IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.5.1           By Platform Type

7.4.5.5.2           By Organization Size Area

7.4.5.5.3           By Application

7.4.5.5.4           By End User  

7.4.5.6     Malaysia IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.6.1           By Platform Type

7.4.5.6.2           By Organization Size Area

7.4.5.6.3           By Application

7.4.5.6.4           By End User  

7.4.5.7     Thailand IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.7.1           By Platform Type

7.4.5.7.2           By Organization Size Area

7.4.5.7.3           By Application

7.4.5.7.4           By End User  

7.4.5.8     Indonesia IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.7.1           By Platform Type

7.4.5.7.2           By Organization Size Area

7.4.5.7.3           By Application

7.4.5.7.4           By End User  

7.4.5.9     Vietnam IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.8.1           By Platform Type

7.4.5.8.2           By Organization Size Area

7.4.5.8.3           By Application

7.4.5.8.4           By End User  

7.4.5.10  Taiwan IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.9.1           By Platform Type

7.4.5.9.2           By Organization Size Area

7.4.5.9.3           By Application

7.4.5.9.4           By End User  

7.4.5.11  Rest of Asia Pacific IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.4.5.11.1        By Platform Type

7.4.5.11.2        By Organization Size Area

7.4.5.11.3        By Application

7.4.5.11.4        By End User  

7.5   Middle East & Africa IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.5.1        By Platform Type

7.5.2        By Organization Size Area

7.5.3        By Application

7.5.4        By End User  

7.5.5        By Country

7.5.5.1     Saudi Arabia IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.5.5.1.1           By Platform Type

7.5.5.1.2           By Organization Size Area

7.5.5.1.3           By Application

7.5.5.1.4           By End User  

7.5.5.2     U.A.E. IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.5.5.1.1           By Platform Type

7.5.5.1.2           By Organization Size Area

7.5.5.1.3           By Application

7.5.5.1.4           By End User  

7.5.5.3     Israel IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.2.5.1.1           By Platform Type

7.2.5.1.2           By Organization Size Area

7.2.5.1.3           By Application

7.2.5.1.4           By End User  

7.5.5.4     South Africa IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.2.5.1.1           By Platform Type

7.2.5.1.2           By Organization Size Area

7.2.5.1.3           By Application

7.2.5.1.4           By End User  

7.5.5.5     Rest of Middle East & Africa IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.5.5.5.1           By Platform Type

7.5.5.5.2           By Organization Size Area

7.5.5.5.3           By Application

7.5.5.5.4           By End User  

7.6   Central & South America IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.6.1        By Platform

7.6.2        By Organization Size

7.6.3        By Application

7.6.4        By End User

7.6.5        By Country

7.6.5.1     Brazil IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.6.5.1.1           By Platform Type

7.6.5.1.2           By Organization Size Area

7.6.5.1.3           By Application

7.6.5.1.4           By End User  

7.6.5.2     Argentina IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.6.5.2.1           By Platform Type

7.6.5.2.2           By Organization Size Area

7.6.5.2.3           By Application

7.6.5.2.4           By End User  

7.6.5.3     Chile IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.6.5.3.1           By Platform Type

7.6.5.3.2           By Organization Size Area

7.6.5.3.3           By Application

7.6.5.3.4           By End User  

7.6.5.4     Rest of Central & South America IoT market in F&B Industry Estimates and Forecast, 2020-2028 (USD Million)

7.2.5.4.1           By Platform Type

7.2.5.4.2           By Organization Size Area

7.2.5.4.3           By Application

7.2.5.4.4           By End User  

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        Siemens

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        Microsoft

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Oracle

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Cisco

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        Qualcomm

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        SAP

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        IBM  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.7.4 Strategic Alliances between Business Partners

8.4.8        Intel

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.7.4 Strategic Alliances between Business Partners

8.4.9        Hitachi  

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.10       GE Digital

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2        Market Scope & SegOrchidtation

9.2   Information ProcureOrchidt

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various ORGANIZATION SIZE of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2        Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1        Inhouse AI Based Real Time Analytics Tool

9.5.2        Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global IoT market in F&B Industry, By Platform, 2020-2028 (USD Mllion)

2 Hardware Market, By Region, 2020-2028 (USD Mllion)        

3 Software Solutions Market, By Region, 2020-2028 (USD Mllion) 

4 Services Market, By Region, 2020-2028 (USD Mllion)           

5 Global IoT market in F&B Industry, By Organization Size, 2020-2028 (USD Mllion)

6 Small and Medium Sized Enterprises Market, By Region, 2020-2028 (USD Mllion)

7 Large EnterprisesMarket, By Region, 2020-2028 (USD Mllion)

8 Global IoT market in F&B Industry, By Application, 2020-2028 (USD Mllion)

9 Food Safety Market, By Region, 2020-2028 (USD Mllion)    

10 Manufacturing & Production Market, By Region, 2020-2028 (USD Mllion)            

11 Supply Chain Market, By Region, 2020-2028 (USD Mllion)

12 Waste Management Market, By Region, 2020-2028 (USD Mllion)

13 Others Market, By Region, 2020-2028 (USD Mllion)

14 Regional Analysis, 2020-2028 (USD Mllion)

15 North America IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

16 North America IoT market in F&B Industry, By Organization Size, 2020-2028 (USD Million)

17 North America IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

18 North America IoT market in F&B Industry, By Country, 2020-2028 (USD Million)

19 U.S IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

20 U.S IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

21 U.S IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

22 Canada IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

23 Canada IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

24 Canada IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

25 Mexico IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

26 Mexico IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

27 Mexico IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

28 Europe IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

29 Europe IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

30 Europe IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

31 Germany IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

32 Germany IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

33 Germany IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

34 UK IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

35 UK IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

36 UK IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

37 France IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

38 France IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

39 France IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

40 Italy IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

41 Italy IoT market in F&B Industry, By ORGANIZATION SIZE Type, 2020-2028 (USD Million)

42 Italy IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

43 Spain IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

44 Spain IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

45 Spain IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

46 Rest Of Europe IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

47 Rest Of Europe IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

48 Rest of Europe IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

49 Asia Pacific IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

50 Asia Pacific IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

51 Asia Pacific IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

52 Asia Pacific IoT market in F&B Industry, By Country, 2020-2028 (USD Million)

53 China IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

54 China IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

55 China IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

56 India IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

57 India IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

58 India IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

59 Japan IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

60 Japan IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

61 Japan IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

62 South Korea IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

63 South Korea IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

64 South Korea IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

65 Middle East & Africa IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

66 Middle East & Africa IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

67 Middle East & Africa IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

68 Middle East & Africa IoT market in F&B Industry, By Country, 2020-2028 (USD Million)

69 Saudi Arabia IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

70 Saudi Arabia IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

71 Saudi Arabia IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

72 UAE IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

73 UAE IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

74 UAE IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

75 Central & South America IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

76 Central & South America IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

77 Central & South America IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

78 Central & South America IoT market in F&B Industry, By Country, 2020-2028 (USD Million)

79 Brazil IoT market in F&B Industry, By Platform, 2020-2028 (USD Million)

80 Brazil IoT market in F&B Industry, By ORGANIZATION SIZE, 2020-2028 (USD Million)

81 Brazil IoT market in F&B Industry, By Application, 2020-2028 (USD Million)

82 Siemens: Products & Services Offering

83 Microsoft: Products & Services Offering 

84 Oracle: Products & Services Offering         

85 Cisco: Products & Services Offering            

86 Qualcomm: Products & Services Offering 

87 SAP: Products & Services Offering 

88 IBM: Products & Services Offering 

89 Intel: Products & Services Offering              

90 Hitachi: Products & Services Offering         

91 GE Digital: Products & Services Offering   

92 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global IoT market in F&B Industry Overview

2 Global IoT market in F&B Industry Value From 2020-2028 (USD Mllion)

3 Global IoT market in F&B Industry Share, By Platform (2022)

4 Global IoT market in F&B Industry Share, By Organization Size (2022)

5 Global IoT market in F&B Industry Share, By Application (2022)

6 Global IoT market in F&B Industry, By Region (Asia Pacific Market)

7 Technological Trends In Global IoT market in F&B Industry

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global IoT market in F&B Industry

11 Impact Of Challenges On The Global IoT market in F&B Industry

12 Porter’s Five Forces Analysis

13 Global IoT market in F&B Industry: By Platform Scope Key Takeaways

14 Global IoT market in F&B Industry, By Platform Segment: Revenue Growth Analysis

15 Hardware Market, By Region, 2020-2028 (USD Mllion)          

16 Software Solutions Market, By Region, 2020-2028 (USD Mllion)

17 Services Market, By Region, 2020-2028 (USD Mllion)

18 Global IoT market in F&B Industry: By Organization Size Scope Key Takeaways

19 Global IoT market in F&B Industry, By Organization Size Segment: Revenue Growth Analysis

20 Small and Medium Sized Enterprises Market, By Region, 2020-2028 (USD Mllion)

21 Large Enterprises Market, By Region, 2020-2028 (USD Mllion)

22 Global IoT market in F&B Industry: By Application Scope Key Takeaways

23 Global IoT market in F&B Industry, By Application Segment: Revenue Growth Analysis

24 Food Safety Market, By Region, 2020-2028 (USD Mllion)      

25 Manufacturing & Production Market, By Region, 2020-2028 (USD Mllion)

26 Supply Chain Market, By Region, 2020-2028 (USD Mllion)

27 Waste Management Market, By Region, 2020-2028 (USD Mllion)

28 Others Market, By Region, 2020-2028 (USD Mllion)

29 Regional Segment: Revenue Growth Analysis

30 Global IoT market in F&B Industry: Regional Analysis

31 North America IoT market in F&B Industry Overview

32 North America IoT market in F&B Industry, By Platform

33 North America IoT market in F&B Industry, By Organization Size

34 North America IoT market in F&B Industry, By Application

35 North America IoT market in F&B Industry, By Country

36 U.S. IoT market in F&B Industry, By Platform

37 U.S. IoT market in F&B Industry, By Organization Size

38 U.S. IoT market in F&B Industry, By Application

39 Canada IoT market in F&B Industry, By Platform

40 Canada IoT market in F&B Industry, By Organization Size

41 Canada IoT market in F&B Industry, By Application

42 Mexico IoT market in F&B Industry, By Platform

43 Mexico IoT market in F&B Industry, By Organization Size

44 Mexico IoT market in F&B Industry, By Application

45 Four Quadrant Positioning Matrix

46 Company Market Share Analysis

47 Siemens: Company Snapshot

48 Siemens: SWOT Analysis

49 Siemens: Geographic Presence

50 Microsoft: Company Snapshot

51 Microsoft: SWOT Analysis

52 Microsoft: Geographic Presence

53 Oracle: Company Snapshot

54 Oracle: SWOT Analysis

55 Oracle: Geographic Presence

56 Cisco: Company Snapshot

57 Cisco: Swot Analysis

58 Cisco: Geographic Presence

59 Qualcomm: Company Snapshot

60 Qualcomm: SWOT Analysis

61 Qualcomm: Geographic Presence

62 SAP: Company Snapshot

63 SAP: SWOT Analysis

64 SAP: Geographic Presence

65 IBM : Company Snapshot

66 IBM : SWOT Analysis

67 IBM : Geographic Presence

68 Intel: Company Snapshot

69 Intel: SWOT Analysis

70 Intel: Geographic Presence

71 Hitachi: Company Snapshot

72 Hitachi: SWOT Analysis

73 Hitachi: Geographic Presence

74 GE Digital: Company Snapshot

75 GE Digital: SWOT Analysis

76 GE Digital: Geographic Presence

77 Other Companies: Company Snapshot

78 Other Companies: SWOT Analysis

79 Other Companies: Geographic Presence

The Global IoT Market in Food & Beverage Industry Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the IoT Market in Food & Beverage Industry Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

We value your investment and offer free customization with every report to fulfil your exact research needs.
This website is secure and your personal details are safe. Privacy
You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The global IoT market in F&B Industry is projected to grow at a CAGR of 15.5% from 2023 to 2028.
Siemens, Microsoft, Oracle, Cisco, Qualcomm, SAP, IBM, Intel, Hitachi, and GE Digital, among others, are some of the key players in the global IoT market for F&B.
IoT has made a significant impact in supply chain management. Through the use of sensors and connected devices, companies can monitor and track the movement of raw materials, ingredients, and finished products in real-time. This level of transparency enables better inventory management, reduces waste, and ensures timely delivery, thereby optimizing the entire supply chain process. IoT has also improved quality control and safety measures in the industry. With the integration of smart sensors, F&B players can closely monitor and maintain optimal conditions for storage, such as temperature, humidity, and other environmental factors. Additionally, IoT technology allows for the implementation of traceability systems, enabling quick identification and recall of products in the event of any safety concerns.
High focus on improved operational efficiency and cost reduction by the key manufacturers in F&B sector is one of the major drivers in the market. In line with this, IoT devices and sensors are used throughout the supply chain to monitor and optimize various processes (such as inventory management, production, and distribution). Growing demand for food safety and quality assurance will further drive the market growth. Key players in F&B sector have used IoT devices to monitor and control the critical parameters (such as temperature, humidity, and storage conditions). Additionally, IoT-enabled traceability systems can track and authenticate the source of food items that can improve transparency and consumer trust.

Tailor made solutions just for you

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

OUR CLIENTS

  • Client of Global Market Estimates - Fedex
  • Client of Global Market Estimates - Samsung
  • Client of Global Market Estimates - Siemens
  • Client of Global Market Estimates - Lonza
  • Client of Global Market Estimates - DuPont
  • Client of Global Market Estimates - Medtronic
  • Client of Global Market Estimates - Toray
  • Client of Global Market Estimates - Signify
  • Client of Global Market Estimates - Teledyne
  • Client of Global Market Estimates - Trelleborg
  • Client of Global Market Estimates - Kikkoman Biochemifa
  • Client of Global Market Estimates - Leoni
  • Client of Global Market Estimates - Molnlycke
  • Client of Global Market Estimates - Spirent
  • Client of Global Market Estimates - Tokyo Electron Limited
  • Client of Global Market Estimates - Aranca
  • Client of Global Market Estimates - Asahi Kasei
  • Client of Global Market Estimates - Chimai
  • Client of Global Market Estimates - Grapsud
  • Client of Global Market Estimates - Horiba
  • Client of Global Market Estimates - Indorama
  • Client of Global Market Estimates - L&T
  • Client of Global Market Estimates - Integralife
  • Client of Global Market Estimates - Synamedia
  • Client of Global Market Estimates - Sorrento Therapeutics
  • Client of Global Market Estimates - Solenis
  • Client of Global Market Estimates - Sartorius