The global food robotics market size is likely to attain over USD 4.45 Billion by the year 2028. Besides, it is likely to project a CAGR of nearly 12.5% during the forecast years 2021-2028. Food robotics refers to the machines used in the food & beverage industry to perform various complex activities such as picking, packing, and palletizing. Various technological advancements across numerous sectors have brought fictional robots to reality. Increase in demand for enhanced productivity augments the deployment of robots to automate the tasks, resulting in robots being an integral part of various industries.
The present and future food robotics market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the food robotics market opportunities during the forecast years. Factors such as the growing demand for packaged food is the key factor driving the market growth for food robotics.
Also, increasing investments in automation in the food industry is another factor driving market growth. However, scarcity of skilled workforce in emerging economies is hampering the market growth. Furthermore, increasing functionality of robots is likely to provide lucrative development opportunities for the food robotics market in the forthcoming years.
The report also emphasizes several distinctiveness of the global food robotics industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the food robotics industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The food robotics market has tough competition among the new emerging and pre-established market vendors. Besides, the food robotics industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the application, the market is categorized into Meat, poultry, and seafood, Processed food, Dairy products, Fruits & vegetables, Beverage, Bakery & confectionery products and Other applications. The dairy products segment is predicted to achieve the largest growth during the forecast years 2021-2028. With the technological advancements in dairy industry aided by sensors, lasers, and data collection; the automated technology is cropping up on dairy farms around the world. The shift from manual to automated operations offers benefits for food producers struggling to find workers willing to do the manual labor.
The European region is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the food robotics market in this region is mostly ascribed to With the technological advancements in dairy industry aided by sensors, lasers, and data collection; the automated technology is cropping up on dairy farms around the world. The shift from manual to automated operations offers benefits for food producers struggling to find workers willing to do the manual labor. However, the Asia Pacific region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the rise in food & beverage sector and increase in demand for packaged food in Asia-Pacific.
The major players of the global food robotics market are ABB Group, KUKA AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Rockwell Automation Inc., Mitsubishi Electric Corporation, Yasakawa Electric Corporation, Denso Corporation, Nachi-Fujikoshi Corporation, OMRON Corporation, Universal Robots A/S, Staubli International AG, Bastian Solutions LLC. Moreover, the additional prospective market players in the food robotics market Asic Robotics AG, Mayekawa Mfg. Co. Ltd., and Apex Automation & Robotics. Renowned companies are offering new and modern forms of food robotics solutions. Besides, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Food Robotics Market
Type Overview, 2019-2028 (USD Million)
- Other types
Payload Overview, 2019-2028 (USD Million)
Function Overview, 2019-2028 (USD Million)
- Other functions
Application Overview, 2019-2028 (USD Million)
- Meat, poultry, and seafood
- Processed food
- Dairy products
- Fruits & vegetables
- Bakery & confectionery products
- Other applications
Regional Overview, 2019-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America