Press release
Food Robotics Global Market Size, Share, Growth, Trends Analysis And Forecast To 2032
Food Robotics Market Report
The Business Research Company's Food Robotics Global Market Report 2023 identifies the growing consumption of processed food as the major driver for the food robotics market's growth in the forecast period. Processed food refers to foods that are treated or changed during preparation to preserve them. Food robots are used in food processing to automate various steps and to maintain the sanitation of the food processing premises to meet sanitation requirements.
The global food robotics market size is expected to grow from $2.01 billion in 2022 to $2.28 billion in 2023 at a compound annual growth rate (CAGR) of 13.19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of food robotics market is expected to reach $3.60 billion in 2027 at a CAGR of 12.09%.
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Major competitors in the food robotics market are Mitsubishi Electric Corporation, Midea Group, Denso Corporation, ABB Group, Flexicell Inc.
A key trend in the food robotics market includes product innovation. Major companies operating in the food robotics market are focusing on developing new ways of integrating robotics into the production of food for meeting stringent sanitation regulations and increasing productivity. For instance, in February 2020, Kuka, a Germany-based manufacturer of industrial robots launched KR 3 Agilus which is the world's first fast food robot. With KR 3 Agilus, customers get a choice of 15 beverages, two desserts, three salads, and 14 appetizers. Customers use a touch panel to put their orders. KR 3 Agilus although requiring minimal room, is quite nimble. The robot can fill up to 100 orders an hour and delivers the order in three minutes.
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The food robotics market is segmented -
•By Type: Articulated, Cartesian, Scara, Parallel, Cylindrical, Collaborative, Other Types
•By Payload: Low, Medium, High
•By Application: Palletizing, Packaging, Repackaging, Pick And Place, Processing, Other Applications
•By End User: Beverages, Meat, Poultry, Seafood, Dairy, Bakery, Fruits and Vegetables, Confectionery, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the food robotics market.
The Business Research Company's "Global Food Robotics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Food Robotics Market Include:
1. Executive Summary
2. Food Robotics Market Characteristics
3. Food Robotics Market Trends And Strategies
4. Food Robotics Market - Macro Economic Scenario
5. Global Food Robotics Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Food Robotics Market Competitive Benchmarking
33. Global Food Robotics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Food Robotics Market
35. Food Robotics Market Future Outlook and Potential Analysis
36. Appendix
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