openPR Logo
Press release

Food Robotics Market Grow with 13.0% CAGR with Top Companies Kuka AG, ABB Group, Universal Robotics A/S & Many More

02-26-2020 11:52 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Food Robotics Market

Food Robotics Market

The food robotics market was valued at $1,535 million in 2016 and is projected to reach $3,612 million by 2023, growing at a CAGR of 13.0% from 2017 to 2023. Asia-Pacific is one of the prominent customers of food robotics, accounting for more than three-fifths of the total market share in 2016. 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. Globally, the demand for packaged food is anticipated to increase at a moderate rate during the forecast period. This is expected to increase the food robotics market demand in the near future. In addition, the increase in food safety regulations is expected to boost the demand for food robotics during the analysis period.

Download Sample Report:

The demand for food robotics has been steadily increasing. Increase in the food safety regulations is anticipated to drive the demand for food robotics in the near future and provide avenues for the food robotics market growth. In addition, it is expected that manual labor will be completely replaced with industrial robots. These robots are advantageous as they can perform multiple tasks at the same time, leading to improved productivity. The changes in lifestyle of people result in surge in demand for packaged and ready-to-eat food products, which in turn is anticipated to boost the demand for food robotics during the analysis period

Based on the food robotics market forecast in 2016, the articulated segment is expected to maintain dominance in the global market during the forecast period. However, SCARA is anticipated to gain traction in the near future, owing to increase in demand for automation in the food & beverage industry. In 2016, articulated and SCARA collectively accounted for approximately three-fifths of the total global market share.

According to the food robotics market analysis in 2016, the medium payload food robotics accounted for maximum share in the global food robotics market and is expected to remain dominant during the forecast period. These robots offer high flexibility and better process control to cater to the changing manufacturing needs in this industry.

The palletizing application segment is projected to remain dominant in the global food robotics market during the analysis period. In 2016, palletizing and processing application segments collectively accounted for approximately half share in the global market. The processing application segment is anticipated to register at the highest CAGR, owing to increase in demand in meat processing industry.

For Purchase Enquiry:

Based on geography, the food robotics industry is segmented into North America, Europe, Asia-Pacific, and LAMEA. An increase in demand for food robotics services in Asia-Pacific and LAMEA is expected in the near future, owing to the augment in industrialization and high degree of implementation of automation in this region. Reducing the operating costs and labor cost is anticipated to boost the demand for robotics in food & beverage industry.

The key players profiled in the report include Mitsubishi Electric Corporation, ABB Group, Rockwell Automation Incorporated, Kawasaki Heavy Industries Ltd., Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Seiko Epson Corporation, Staubli International AG, and Universal Robotics A/S.

Key Finding of The Food Robotics Market:
Based on type, the articulated segment in the food robotics market is expected to grow at a CAGR of 12.5% from 2017 to 2023.
Based on geography, Asia-Pacific is projected to maintain its lead position throughout the forecast period, growing at a CAGR of 15.1%, in terms of value. However, LAMEA is anticipated to witness the highest growth rate.
Based on application, the palletizing application segment accounted for more than two-fifths share of the total in the global food robotics market in 2016.
Based on geography, China is expected to occupy more than one-third of the Asia-Pacific food robotics market share in 2023.
In terms of value, India is expected to grow at a CAGR of 20.8% from 2017 to 2023.
In 2016, Asia-Pacific accounted for approximately three-fifths share of the total food robotics market and is expected to continue to be dominant during the forecast period, major growth in China, India, and the other developing countries is expected. Rise in food & beverage sector and increase in demand for packaged food are major drivers of the market in Asia-Pacific.

Access Full Summary:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Market Pulse:
Follow Us on LinkedIn:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Food Robotics Market Grow with 13.0% CAGR with Top Companies Kuka AG, ABB Group, Universal Robotics A/S & Many More here

News-ID: 1945990 • Views: 190

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ Synthetic biology is at a nascent stage and has recently

All 5 Releases

More Releases for Food

Norway Baby food 2018
The Norway Baby Food Markets research report introduces a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry- approved market data. Within the near future, the Norway Baby Food Market is expected to lead in terms of rate of growth. The report shows a detailed picture of the market by way of study, synthesis, and summation of information from multiple sources. The report
Organic Baby Food
Future Market Insights (FMI) has released a new report titled, “Organic Baby Food Market - BRIC Industry Analysis and Opportunity Assessment 2015-2020”. According to the report, the global organic baby food market is expected to account for US$ 5.6 Bn by 2020, registering a CAGR of 10.5% during the forecast period. On the other hand, the BRIC organic baby food market is projected to reach US$ 3,528.7 Mn at a
Food Marketing Conference 2018
Earlier nutrition market was concentrated of products for treatment of malnutrition condition but now due to innovations in the healthcare sector and due rising awareness among the people the market for nutritional products like healthy supplements, organic food and functional food has increased. The transitional change in the lifestyle of people and due to the rising number of people suffering from various chronic ailments has led the public to intake
Organic baby food
WELCOME TO BUB’S DELIGHT 100% ORGANIC FOOD FOR YOUR BABY OR TODDLER – FREE DELIVERY – Bub’s Delight was passionately founded by French chef Julien Audibert, who recognised a need for fresh, organic food for babies and toddlers in a market unfortunately flooded with ‘quick fix’ meals containing often low nutrition values for the good ones, and chemicals and nasties for the others. The idea that we feed our young children, food that we
Milk Food Limited
"Milk Food Limited - Company Profile & Financial Analysis" contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This report is a decisive resource
Packaged Food in Croatia
Packaged food has never been much influenced by the economy given its essential nature. But, just as consumers have been reluctant to sharply reduce their purchases of packaged food during the hardest economic times, they are inert in increasing their consumption now that disposable income is rising. Consumer habits are hard to change when it comes to food, because food is a basic household necessity. Euromonitor International’s Packaged Food in Croatia