Food Robotics Market Growing at 10.4% CAGR to Hit $5,787.9 million 2031 | Growth, Share Analysis, Company Profiles

Rise in robotics applications in automotive, electrical & electronics, metal, chemical & plastics, and food sectors and surge in food safety regulations have boosted the global food robotics market.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐅𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/2363

The food robotics market was valued at $2,047.3 million in 2020 and is projected to reach $5,787.9 million by 2031, growing at a CAGR of 10.4% from 2022 to 2031. Asia-Pacific is one of the prominent regions for food robotics worldwide.

Rise in robotics applications in automotive, electrical & electronics, metal, chemical & plastics, and food sectors and surge in food safety regulations have boosted the global food robotics market. However, lack of expertise hampers the market growth. On the contrary, surge in technological advancements and increase in demand for packaged food would open new opportunities in the future.

Leading Key Players

The key players profiled in the report are 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.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/c069302f15b721cb60132db8d57682c5

The palletizing application segment is projected to remain dominant in the global food robotics market during the analysis period. In 2020, palletizing and processing application segments collectively accounted for approximately half share in the global food robotics market. The processing application segment is anticipated to register at the highest CAGR, owing to surge in demand in meat processing industry.

Rise in demand for food robotics services in Asia-Pacific and LAMEA is expected in the near future, owing to the increase in industrialization and innovation in the automation adopted by the manufacturers in this region. Reduced operating costs and labor cost is anticipated to boost the demand for robotics in food & beverage industry.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/2363

Technological advancement across various industries widens the application horizon of robotics. Robotics is applicable in sectors such as automotive, electrical & electronics, metal, chemical & plastics, and food. Over the past few years, robotics has gained traction in the food & beverage industry, attributed to the advantages offered by these robots such as high speed of productivity, better cleanliness & hygiene, more flexibility, and others.

Increase in the food safety regulations is anticipated to drive the demand for food robotics in the near future. In addition, it is expected that manual labor can 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 have resulted 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.

On the basis of application, the palletizing segment dominated the market in terms of revenue in 2020, contributing to around two-fifths of the market. However, the processing segment is expected to register the highest CAGR of 12.2% during the forecast period.

𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/2363

The global food robotics market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2020, accounting for nearly half of the market. However, the market across LAMEA is expected to register the highest CAGR of 11.8% during the forecast period.

Key Findings of the Study

By type, the Food Robotics market size of articulated segment remained the dominant segment in the year 2020, and is expected to maintain the market share in the coming years.

Articulated segment account for nearly 42% by revenue, followed by SCARA and Cartesian.

By payload, high category is the fastest growing segment during the forecast period.

By application, palletizing category is the leading category in the market however; processing segment is anticipated to grow with thehighest CAGR during the forecast period.

By region, Asia-Pacific led in terms of the global food robotics market share in 2020, and is expected to retain its dominance during the forecast period

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Food Packaging Equipment Market - https://www.prnewswire.com/news-releases/food-packaging-equipment-market-to-reach-33-14-bn-globally-by-2031-at-6-3-cagr-amr-301496681.html

Meat Processing Equipment Market - https://www.prnewswire.com/news-releases/meat-processing-equipment-market-size-to-target-19-6-billion-by-2031--allied-market-research-301790550.html

Portable Food Safety Detectors Market - https://www.globenewswire.com/en/news-release/2023/04/04/2640912/0/en/Portable-Food-Safety-Detectors-Market-Size-to-Generate-11-8-Billion-by-2031-Allied-Market-Research.html

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