Food Robotics Market Dynamics: Drivers, Opportunities, Challenges, Restraints and Key Players

According to MarketsandMarkets, the The global food robotics market size is estimated to be valued at USD 1.9 billion in 2020 and projected to reach USD 4.0 billion by 2026, recording a CAGR of 13.1% during the forecast period. The demand for food robotics is increasing significantly owing to surging demand for food with increasing population and increasing demand for enhanced productivity in food processing. Additionally, increasing investments in automation in the food industry is projected to provide growth opportunities for the food robotics market.

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Market Dynamics

Drivers : Growing demand for packaged food

In the last few years, there has been a growing need to package food products in order to increase their shelf life and cater to the demand for ready-to-cook and ready-to-eat products. Mass production of packaged food products especially in countries such as the U.S., Japan, France, and Italy has driven the market for food robotics. In most large-scale food manufacturing plants, processes are being automated in order to ensure quality and consistency in the Stock Keeping Units (SKUs). Food robotics is being increasingly implemented in the production of processed, frozen, dried, and chilled packaged food products. The growth in the packaged dairy products and baked goods industries is also driving the food robotics market as these products are manufactured on a large scale across regions.

Opportunities: Increasing functionality of robots

Traditionally, the functionality and use of robots was limited to heavy payload in transportation equipment manufacturing. However, with the increasing functionality of robots more industries, such as the food processing industry are adopting automation with mainly low payload robots. Sections such as dairy and bakery in the food & beverage industry are minimizing human contact in the production process in order to comply with health authority standards. There is an opportunity for the food robotics market to grow with the increase in functionality of robots to include packaging, repackaging, and palletizing.

Challenges: High installation cost of robotic system

Most food manufacturers are reluctant to adopt automated processes due to the installation cost over and above the price of the robot. The added cost to turn the individual robots into a comprehensive robotic system, peripheral equipment such as safety barriers, sensors, programmable logic controllers (PLC), human machine interface (HMI), and safety systems is a challenge for market growth. Additionally there are engineering costs for programming, installation, and commissioning. These additional costs pose a challenge for the growth of the food robotics market. Small- and medium-scale manufacturers are reluctant to incur high initial costs of installation as it could extend the period to achieve the break-even point.

Restraints: Scarcity of skilled workforce in emerging economies

The adoption and implementation of food robotics requires skilled workforce. There is a scarcity of people specializing in disciplines such as electrical, embedded, software, and mechanical, which are required for the installation and maintenance of robots. Also, there is a deficit of highly qualified employees with specific skills needed to develop high value-added robots integrated with advanced technologies.

In countries where the food & beverage industry has high potential for growth, such as China, India, and Brazil, there is a skill shortage in this domain. This is because knowledge of four to five engineering disciplines is required to become an expert in this field, and there is a scarcity of qualified faculty to teach the subjects. Moreover, there are limited branches of engineering that focus on robotics. This is a direct restraining factor for the food robotics market as the development of adequate skilled manpower is likely to be achieved only in the long run.

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Asia Pacific is projected to account for the fastest-growing market during the forecast period

Due to the high population in the region and changing lifestyles, the demand for RTE foods is growing. The automation in production and processing of RTE foods in the Asia Pacific region is projected to provide growth opportunities for the food robotics market.

Key players in this market include ABB Group(Switzerland),KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Rockwell Automation Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yasakawa Electric Corporation (Japan), Denso Corporation (Japan), Nachi-Fujikoshi Corporation (Japan), OMRON Corporation (Japan), Universal Robots A/S (Denmark), Staubli International AG (Switzerland), Bastian Solutions LLC (U.S.), Schunk GmbH (Germany), Asic Robotics AG (Switzerland), Mayekawa Mfg. Co. Ltd. (Japan), Apex Automation & Robotics (Australia), Aurotek Corporation (Taiwan), Ellison Technologies Inc. (U.S.), Fuji Robotics (Japan), and Moley Robotics (U.K.).

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This release was published on openPR.