Food Robotics Market is predicted to grow from $1.2 billion in 2021 to $3.5 billion by 2030, at a CAGR of 12.6% during the forecast period.
Technology has come a long way in terms of broadening the scope of robotics in various sectors. Today, robots are being adopted in the food industry for handling food processing, pelletizing, and packaging. Automated robots reduce dependency on manual labour, the time associated with accomplishing repetitive tasks, and the margin for error. In food processing, these robots are capable of handling the entire cycle, right from seed planting and crop harvesting to the production, packaging, and transportation of food.
In the food industry, robots serve various purposes such as kinematics, hygiene, financial transactions, human-robot interactions, safety and protection, and the operation and maintenance of critical tasks. While robots are deployed in multiple areas in the food industry, food serving remains a rapidly emerging aspect of immense significance.
The global market for food robots is being driven by an increase in government regulations pertaining to food safety. Demand for processed foods is rising due to a growing population of health-conscious consumers worldwide, which is boosting the need for robots and automation in the food business.
Market Dynamics:
Drivers:
Digitalization enhances corporate operations by utilizing emerging digital technologies such as big data analytics, IT/OT convergence, digital twin, artificial intelligence, 3D printing, and automation technologies. At various phases of food processing and packaging, IoT and AI are helping businesses achieve high levels of food safety, improve traceability, decrease waste, and minimize costs and risks. In recent years, digitalization has become a crucial automation enabler, with AI boosting operational productivity by raising employee productivity. The use of digitalization in the food and beverage sector is governed by several laws. These factors are propelling the growth of the food robotics market.
Restraints:
The majority of food and beverage companies are reluctant to employ automated methods because of the increased installation cost. Small and medium-sized manufacturers are reluctant to invest heavily in installation costs upfront because doing so could extend the payback period and raise operating costs. This is the main reason which is restraining the growth of the Food robotics market.
Opportunities:
Robotic capabilities and applications have typically been restricted to manufacturing big payloads for transportation equipment. Nonetheless, more industries, like the food processing sector, are adopting automation using mostly light payload robots as a result of the expanding capability of robots. Areas such as dairy and bread in the food business are minimizing human touch in the production process to comply with health authority guidelines. The expansion of robot capability to encompass packaging, repackaging, and palletizing presents a chance for the food robotics market to grow.
Key Players:
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ABB Group
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KUKA AG
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Fanuc Corporation
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Kawasaki Heavy Industries Ltd.
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Rockwell Automation Inc.
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Mitsubishi Electric Corporation
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Yasakawa Electric Corporation
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Denso Corporation
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Nachi-Fujikoshi Corporation
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OMRON Corporation
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Universal Robots A/S
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Staubli International AG
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Bastian Solutions LLC
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Schunk GmbH
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Asic Robotics AG
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Mayekawa Mfg. Co. Ltd.
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Apex Automation & Robotics
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Aurotek Corporation
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Ellison Technologies Inc.
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Rockwell Automation Incorporated
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FANUC Corporation
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Fuji Robotics
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Moley Robotics
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Seiko Epson Corporation
Market Segmentation:
Food Robotics Market, By Type
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SCARA
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Articulated
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Parallel
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Cylindrical
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Others
Food Robotics Market, By Payload
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Low
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Medium
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Heavy
Food Robotics Market, By Application,
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Packaging
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Repackaging
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Palletizing
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Picking
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Processing
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Others
Food Robotics Market, By Region
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
Regional Analysis:
The Asia Pacific region's economy is expanding, its industrial base of food processing facilities is expanding due to fast urbanization, and the demand for convenience foods is rising due to consumers' rising disposable income and purchasing power. The demand for cutting-edge food processing equipment that speeds up production and decreases processing times are anticipated to rise significantly in the region. The supply and consumption of food and beverage robotics are likely to increase as a result of the anticipated growth in the number of food processing facilities in this region. The market for food robotics in the area should benefit from this.
The North American market is projected to expand significantly. The main driving factor is that the major portion of the region's elderly population prefers a balanced diet, and it is home to many important global figures. Modernized technologies are mostly being used in restaurants and bars in the U.S., Canada, and Mexico to better serve clients. Also, the area is a business and tourist hotspot, thus numerous cuisines continue to be well-liked. These factors will propel the growth of the market.
Scope of the Report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.6% |
Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
Current Market size |
USD 1.2 Billion |
Forecast market growth |
USD 3.5 Billion |
User
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Introduction
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Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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