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AI In Food And Beverages: A Booming Global Market In 2023 – By The Business Research Company

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The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, Aug. 2, 2023 /PRNewswire/ — Artificial Intelligence (AI) has revolutionized various industries, and the food and beverages sector is no exception. The integration of advanced AI and machine learning techniques in this domain has brought about significant improvements in food waste management, deliveries, and food safety. Big data analytics and machine learning models enable AI to extract valuable insights into consumer demands and preferences, driving product innovation and customer satisfaction.

The global AI in food and beverages market is projected to witness remarkable growth, with a compound annual growth rate (CAGR) of 46.6%. The market size is expected to increase from $4.46 billion in 2022 to $6.53 billion in 2023. However, the RussiaUkraine war has disrupted global economic recovery from the COVID-19 pandemic, leading to economic sanctions, supply chain disruptions, and inflation across goods and services. Despite these challenges, the market is poised for substantial growth, with a projected size of $27.99 billion in 2027 at a CAGR of 43.9%.

Learn More On The AI In Food And Beverages Market Report – https://www.thebusinessresearchcompany.com/report/ai-in-food-and-beverages-global-market-report

The AI in food and beverages market is experiencing rapid growth, primarily fueled by the increasing number of start-ups in the industry. These start-ups are at the forefront of innovation, introducing new food processing solutions, enhancing food delivery systems, and tackling food waste issues. AI plays a crucial role in supporting these startups by analyzing customer demands and desires, providing valuable insights that aid in product development and refinement.

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Technological advancements are a key trend in this market, with companies embracing new technologies to maintain their competitive edge. The integration of AI and related technologies enhances overall operational efficiency, enabling businesses to cater to changing market demands effectively.

According to the Global AI in Food and Beverages Market Report 2023, North America held the largest market share in 2022. However, Asia-Pacific is anticipated to be the fastest-growing region during the forecast period. The report encompasses various regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.

Request A Free Sample Of The AI In Food And Beverages Market Report –

https://www.thebusinessresearchcompany.com/sample.aspx?id=10557&type=smp 

The market is segmented based on type, organization size, application, marketing channel, and end-user.

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  1. By Type: The market includes hardware and software solutions, both of which contribute to optimizing food and beverage processes.
  2. By Organization Size: AI adoption is witnessed across small, medium, and large enterprises, demonstrating its versatility and scalability.
  3. By Application: AI finds applications in food storing, consumer engagement, quality control, safety compliance, production and packaging, maintenance, and other areas, covering the entire food and beverage lifecycle.
  4. By Marketing Channel: Companies leverage traditional offline marketing channels as well as online platforms to engage with consumers effectively.
  5. By End User: The beneficiaries of AI in this market include hotels and restaurants, food processing industries, and various other end users, enhancing their efficiency and customer experience.

AI in food and beverages market is witnessing rapid expansion, driven by startups’ emergence and technological advancements. AI-powered solutions are optimizing operations and decision-making across the food and beverage industry, leading to increased productivity, reduced waste, and improved customer satisfaction. As the global market continues to grow, businesses that embrace AI will likely gain a competitive advantage in this dynamic sector.

View More Similar Market Reports:

Food And Beverages ECommerce Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/food-and-beverages-ecommerce-global-market-report 

Food And Beverages Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/food-and-beverages-global-market-report 

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Food And Beverage Stores Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/food-and-beverage-stores-global-market-report 

Interested to know more about The Business Research Company?

The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

The World’s Most Comprehensive Database

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The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions.

Contact Information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]

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Blockchain Press Releases

aelf and Gaia Join Forces to Host Hello [AI], Celebrating the Convergence of AI and Blockchain

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Kick Off TOKEN2049 week with aelf’s high-energy AI-themed event, joined by leading AI and Web3 projects including Gaia, NEAR, Schelling AI, Sapien, and more.

SINGAPORE, Sept. 6, 2024 /PRNewswire/ — aelf, a leading AI-enhanced Layer 1 blockchain network, is hosting Hello [AI], a dynamic event to kick off TOKEN2049 week in Singapore. Taking place on 16 September 2024 at SKAI Loft, Singapore, this celebration marks aelf’s bold pivot towards integrating artificial intelligence with blockchain technology to unlock new frontiers in efficiency, scalability, intelligence, and security.

Co-hosted by Gaia and featuring partners including Asia Blockchain Gaming Alliance (ABGA), NEAR, Plug and Play, Sapien, and Schelling AI, Hello [AI] will set the stage for a dynamic week of innovation and collaboration. The event is also supported by Google Cloud and Microsoft.

Brian Liang, COO of aelf, shares, “Partnering with these leading names in AI and blockchain, Hello [AI] embodies aelf’s vision of creating a vibrant, AI-enhanced blockchain ecosystem.” He adds, “Our AI-themed event also serves as a launchpad for deeper collaboration and innovation within the different Web3 communities, with TOKEN2049 offering the perfect backdrop to showcase our commitment to shaping the future of blockchain with AI at its core.”

More than just a celebration—Hello [AI] also serves as a platform for thought leadership and networking, underscoring aelf’s commitment to shaping the future of AI-blockchain technology. The event will feature a panel discussion titled “The Next Frontier — AI-Powered Blockchain Application” and a fireside chat exploring the question, “Can AI Become Truly Decentralised?” These sessions will bring together founders, industry leaders, and seasoned developers to discuss the transformative potential of AI in the blockchain space.

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“At Gaia, we see the convergence of AI and blockchain as a pivotal moment for innovation. Partnering with aelf for Hello [AI] allows us to showcase how decentralised AI can empower knowledge holders and developers to build a secure, evolving ecosystem. This collaboration not only highlights our shared vision for the future of Web3 but also underscores Gaia’s commitment to breaking down barriers and redefining what’s possible in the AI and blockchain space,” shared Brennen Schlueter, CMO of Gaia.

As aelf continues to lead the charge in integrating advanced AI technologies into the blockchain ecosystem, Hello [AI] sets the stage for its ongoing mission to redefine the boundaries of both technologies. This event opens new opportunities for growth and transformation within the blockchain community, enabling participants to engage with thought leaders, network with industry peers, and collectively explore the future of Web3.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com 
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/aelfblockchain 

About aelf

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aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration and modular Layer 2 ZK Rollup technology, ensuring an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and remains dedicated to advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0: https://docs.aelf.com/resources/whitepaper-2/ 

About Gaia

Gaia is a pioneering decentralized AI platform dedicated to transforming knowledge into a dynamic, secure, and collaborative ecosystem. By bridging the gap between centralized AI solutions and open-source models, Gaia offers a unique network of living knowledge organisms that adapt and grow continuously. Our platform empowers knowledge holders to protect and monetize their intellectual property while enabling developers to build innovative, smarter applications on top of a secure, evolving foundation. With a commitment to privacy, adaptability, and collaboration, Gaia is redefining the future of AI, making knowledge a vibrant, protected, and accessible resource for all.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information in this press announcement. aelf reserves all rights not expressly granted in this press announcement.

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Blockchain Press Releases

Board the TOKEN2049 Treasure Express With Bybit and Dive Into an $80,000 Prize Pool

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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.

The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.

Event 1: TOKEN2049 Treasure Express 

From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:

1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.

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Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express

Event 2: Share and Unlock

From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit

Event 3: Meet us offline at TOKEN2049

Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit

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An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Bybit Expands Global Reach, Receives Formal Consent for Full Authorization in Kazakhstan

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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).

As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.

Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”

Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.

This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.

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Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.

By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

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