Food Robotics Market to Hit $2.8 Billion by 2031

Meticulous Research®, a premier global provider of market intelligence, has published its latest report, Food Robotics Market-Global Opportunity Analysis and Industry Forecast (2024-2031). According to the report, the food robotics market is projected to grow at a robust CAGR of 11.6%, reaching an estimated $2.8 billion by 2031.

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Market Growth Drivers and Opportunities

The expansion of the food robotics market is being propelled by the implementation of stricter food safety regulations, increasing investments in robotics within the food and beverage industry, and the rapid digital transformation of the sector. Furthermore, growing demand for efficient food packaging and emerging market economies are expected to present lucrative opportunities for industry stakeholders. However, high installation costs and the slow adoption of robotics among small and medium-sized enterprises (SMEs) may hinder market growth.

Competitive Landscape

The food robotics market is moderately competitive, with a mix of large multinational corporations and smaller regional players. Key players in the market include:

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)
Autonox Robotics GmbH (Germany)
These companies are leading the charge in developing innovative robotic solutions tailored for the food industry, ranging from automated handling systems to precision packaging technologies.

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Segment Analysis

By Type: Articulated robots are forecasted to dominate the market in 2024, with a 37.8% share. These robots offer flexibility, high load capacity, and precision, making them essential for applications such as pick-and-place, packaging, and food sorting.

By Payload: The medium payload segment is expected to lead the market with a 47.2% share in 2024. These robots strike an optimal balance between speed and capacity, and are increasingly used in mid-sized production facilities for tasks such as packaging and food handling.

By Application: The palletizing and depalletizing segment is poised to account for the largest share (28.2%) of the market in 2024. The adoption of robots for streamlining supply chains, coupled with the rising demand for automation in warehouses and distribution centers, is driving this segment's growth.

By End Use: The dairy segment is projected to lead the market with a 27.3% share in 2024. This growth is largely driven by the need for enhanced productivity and quality in dairy processing, coupled with advancements in robotic technology for tasks such as milk handling, packaging, and quality inspection.

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Regional Insights

In 2024, the Asia-Pacific region is expected to dominate the food robotics market with a 48.2% share, followed by North America and Europe. The region's strong market position is driven by rising awareness of food safety, increasing automation in food production, and significant technological advancements. The adoption of robotics in food manufacturing and packaging, along with stringent regulatory requirements, is further boosting market growth across key countries such as Japan, China, and India.

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Key Questions Answered in the Report:

What is the estimated revenue from food robotics sales?
At what rate is the global food robotics market expected to grow over the next 5-7 years?
What were the historical market size and growth trends for food robotics?
What are the key factors driving market growth at regional and global levels?
What opportunities exist for new and existing players in the market?
Which segments (type, payload, application, end use) are likely to generate the most traction?
What are the geographical trends in the food robotics market? Which regions offer significant growth potential?
Who are the key players in the food robotics market, and what are their offerings?
What are the latest developments in the food robotics industry, and how have they impacted the market?
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This release was published on openPR.