Food Robotics Market to Surpass USD 2.02 Billion by 2028

Redding California, February 12, 2024- Meticulous Research®, a renowned global market research company, has released its latest research report, titled "Food Robotics Market by Type (Articulated Robots [SCARA, Six-axis Robots], Delta & Parallel Robots, Collaborative Robots, Cartesian Robots, Cylindrical Robots, Portal Robots), Payload, Application, End Use, and Geography - Global Forecast to 2028."

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Anticipating robust growth, the food robotics market is poised to achieve a remarkable CAGR of 11.6% from 2021 to 2028, reaching a valuation of USD 2.02 billion by the end of the forecast period. This surge is propelled by several key factors, including the stringent focus on food safety regulations, increased investments in robotics within the food industry, a surge in digitalization across the F&B sector, and heightened emphasis on efficient food packaging.

Key Growth Drivers:
1. Food Safety Regulations: Increasing regulations governing food safety contribute to the market's expansion.

2. Investments in Robotics: Rising investments in robots within the food industry drive market growth.

3. Digitalization in F&B Industry: Growing adoption of digitalization across the F&B sector boosts market prospects.

4. Focus on Efficient Packaging: Increased emphasis on efficient food packaging is a catalyst for market growth.
Furthermore, the adoption of robots in emerging economies presents substantial opportunities for players in the food robotics sector. However, the high installation cost in developing economies poses a potential obstacle to market growth. Additionally, the limited adoption of robotics in F&B Small and Medium-sized Enterprises (SMEs) emerges as a significant challenge for the food robotics market.

In-Depth Market Analysis:
The study presents historical market data for 2019 and 2020, estimated current data for 2021, and forecasts for 2028. The market is segmented based on type, payload, application, end use, and geography, offering a comprehensive analysis at both the industry and country levels.

Key Segments:
1. Type: The market includes articulated robots, delta & parallel robots, collaborative robots, cartesian robots, cylindrical robots, and portal robots. In 2021, articulated robots are projected to dominate the market, emphasizing high load capacity, flexibility, and the increasing demand for quality food products. Collaborative robots, however, are expected to witness the highest CAGR during the forecast period, driven by easy integration into production lines and human work optimization.

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2. Payload: Segmentation by payload includes medium, low, and high payload. The medium payload segment is expected to hold the largest market share in 2021, propelled by advancements in medium payload robots for industry-specific applications such as packaging, food handling, and pick-and-place. The low payload segment is anticipated to witness the highest CAGR, attributed to a compact design suitable for limited workspaces, automating repetitive tasks, and enhancing productivity.

3. Application: Applications encompass palletizing & depalletizing, packaging & repacking, pick-and-place, cutting & slicing, grading & sorting, butchery, quality inspection, and other applications. Palletizing & depalletizing is projected to lead in 2021, facilitated by a built-in palletizing function in robot control systems. Packaging & repacking, on the other hand, is expected to exhibit the highest CAGR, driven by the high usage of packaging that enhances cycle times and productivity.

4. End Use: End-use segments include dairy, beverages, bakery & confectionery, meat, poultry, and seafood, fruits and vegetables, oil & fats, and other end-uses. The dairy segment is forecasted to hold the largest share in 2021, driven by the need to improve the quality and productivity of dairy products, reduce production costs, and various government initiatives to promote the dairy sector. The beverages segment is expected to witness the highest CAGR, catering to consumer demand, maintaining quality,
consistency, hygiene, and optimizing production.

5. Geography: The Asia-Pacific region is identified as a developing and expanding market, projected to account for the largest share in 2023. Factors contributing to this region's significant market share include a growing awareness of food hygiene and safety, increasing regulations, and heightened competition in the Fast-Moving Consumer Goods (FMCG) sector.

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Key Market Players:
Leading the market are key players such as ABB Ltd (Switzerland), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), Kuka AG (Germany), Mitsubishi Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Universal Robots A/S (Denmark), Stäubli International AG (Switzerland), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Mayekawa Mfg. Co., Ltd. (Japan), Omron Corporation (Japan), and Autonox Robotics GmbH (Germany).

Mr. Khushal Bombe
Meticulous Market Research Inc.
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This release was published on openPR.