Latin America Ai In Food & Beverages Market Size & Outlook
The ai in food & beverages market in Latin America is expected to reach a projected revenue of US$ 7,118.7 million by 2030. A compound annual growth rate of 37.4% is expected of Latin America ai in food & beverages market from 2024 to 2030.
Revenue, 2023 (US$M)
$769.0
Forecast, 2030 (US$M)
$7,118.7
CAGR, 2024 - 2030
37.4%
Report Coverage
Latin America
Latin America ai in food & beverages market, 2017-2030 (US$M)
Latin America ai in food & beverages market highlights
- The Latin America ai in food & beverages market generated a revenue of USD 769.0 million in 2023.
- The market is expected to grow at a CAGR of 37.4% from 2024 to 2030.
- In terms of segment, machine learning was the largest revenue generating technology in 2023.
- Machine Learning is the most lucrative technology segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 769.0 million |
| Market revenue in 2030 | USD 7,118.7 million |
| Growth rate | 37.4% (CAGR from 2023 to 2030) |
| Largest segment | Machine learning |
| Fastest growing segment | Machine Learning |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Machine Learning |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.1% of the global ai in food & beverages market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,940.9 million by 2030.
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AI In Food & Beverages Market Scope
Ai in food & beverages market segmentation & scope
Deployment
Cloud
On-Premises
Application
Food Sorting
Consumer Engagement
Quality Control and Safety Compliance
Production and Packaging
Maintenance
Others
End Use
Food Processing
Supply Chain Management
Hotel & Restaurant
Countries
Canada
Mexico
U.S.
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Australia
China
India
Japan
South Korea
Thailand
Argentina
Brazil
Kuwait
Saudi Arabia
South Africa
UAE
AI In Food & Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America ai in food & beverages market
Related regional statistics
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