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The global AI and big data in food industry market size was USD 6.86 Billion in 2022 and is expected to register a steady revenue CAGR of 44.4% during the forecast period, according to latest analysis by Emergen Research. Rising demand for AI and big data technologies to enhance overall efficiency in food production and distribution is the primary factor driving market revenue growth. Additionally, rising integration of IoT devices in the food industry is another key factor driving revenue growth of the market. However, high cost of AI and big data technology to implement is a key factor, which could restrain market revenue growth.
