Food Robotics Market Outlook 2031
The global food robotics market size was valued at USD 2.43 Billion in 2022 and is anticipated to reach USD 7.36 Billion by 2031, expanding at a CAGR of 13.1% during the forecast period, 2023-2031. The growth of the market is attributed to the rising demand for packaged foods.
Food robotics can be described as devices that are utilized in the food & beverage sector to conduct complex tasks including packing, picking, and palletizing. Several advancements in technology in various sectors have made fictional robots to become reality. As the demand for increased productivity grows, robots are widely being used to automate operations, resulting in robots being a vital element for variety of sectors.
The impact of COVID-19 pandemic has been positive on the food robotics market due to less human interaction. This eliminates the requirement for individual presence and allows the factory to work remotely, reducing personnel risk.
Food Robotics Market Trends, Drivers, Restraints, and Opportunities
- Introduction of advanced and innovative automation technology is one of the key factors driving the market growth.
- Various measures taken by governments for food safety is expected to boost the market growth in the coming years.
- Increasing adoption of robotics systems for numerous industrial operations is anticipated to boost the market expansion during the projected period.
- High installation and maintenance cost presents a major challenge. This is likely to hinder the market growth during the forecast period.
- Wide use of robotics technology in traditional sectors, such as electronics and automotive to create significant growth opportunities for the market in the near future.
Scope of Food Robotics Market Report
The report on the global food robotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Food Robotics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Applications (Processing, Palletizing, Packaging, Repackaging, Picking, and Other), Payloads (Low, Heavy, and Medium), and Types (Parallel, Cylindrical, Articulated, SCARA, and Other)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Mitsubishi Electric Corp.; Rockwell Automation, Inc.; ABB Ltd.; Kawasaki Heavy Industries Ltd.; Yaskawa Electric Corp.; and FANUC Corp.
Food Robotics Market Segment Insights
Applications Segment Analysis
Based on applications, the global food robotics market is divided into processing, palletizing, packaging, repackaging, picking, and other. The packaging segment is expected to grow at a rapid pace during the forecast period owing to the rising demand for packaged food.
However, the repackaging segment is anticipated to hold a key share of the market in the coming years due to the increasing use of automated solutions in the food processing sector.
Payloads Segment Analysis
In terms of payloads, the market is segregated into low, high, and medium. The low & medium segment is projected to expand at a considerable CAGR during the forecast period attributed to wide applications in repackaging, picking, packaging, and placing. Moreover, the trend of using automated systems in several sectors is expected to boost the segment growth further.
Type Segment Analysis
On the basis of types, the global food robotics market is segmented into parallel, cylindrical, articulated, SCARA, and other. The articulated segment is anticipated to hold significant market share in the coming years due to the vast usage of articulated systems for material and palletizing handling.
In terms of regions, the global food robotics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period attributed to the food safety regulations and the rise in labor costs in their respective countries.
However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the rise in disposable income, which is increasing the demand for processed and packaged food.
The global food robotics market has been segmented on the basis of
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the global food robotics market are Mitsubishi Electric Corp.; Rockwell Automation, Inc.; ABB Ltd.; Kawasaki Heavy Industries Ltd.; Yaskawa Electric Corp.; and FANUC Corp.
As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions.
Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.