Food Robotics Market is Forecasted to Reach US$ 4.62 Billion in 2029, Says Stratview Research

The global food robotics market is projected to witness a growth rate of 11.6% annually from 2023 to 2029 with an anticipated size of US$ 4.62 billion by 2029, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global food robotics market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2029: US$ 4.62 billion
Growth (CAGR): 11.6% during 2023-2029
Forecast Period: 2023-2029
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Food Robotics Market:

The global food robotics market is segmented based on type, payload type, function type, application type, and region.

Based on type - The food robotics market is classified into six types, namely articulated robots, delta and parallel robots, collaborative robots, cartesian robots, cylindrical robots, and portal robots. The collaborative robots segment is projected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. This rapid growth can be attributed to the increasing awareness of the advantages of these robots in working environments that are unfavorable for human workers, such as humid greenhouses, refrigerated rooms, and hot ovens. Collaborative robots can relieve employees of repetitive tasks that can cause injury in such conditions.

Based on payload type - The market is segmented based on payload into three categories: high, low, and medium payload. The low payload segment is projected to register the highest CAGR during the forecast period. This rapid growth can be attributed to the segment's specialization in tasks such as pick-and-place, food handling, packaging and palletizing, sealing, labeling, and spraying, among others.

Based on function type - The market is segmented based on application into palletizing and depalletizing, packaging and repacking, pick and place, cutting and slicing, grading and sorting, butchery, quality inspection, and other applications. The packaging and repacking segment is anticipated to register the highest compound annual growth rate (CAGR) during the forecast period. This rapid growth can be attributed to the high utilization of packaging in the food industry, which can significantly speed up cycle times and improve productivity.

To know the most attractive segments, click here:
https://stratviewresearch.com/3301/food-robotics-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific to be the fastest-growing region in the market. This growth outlook is majorly attributed to the following-

• Increasing concerns regarding food hygiene and lifestyle changes that have led to a higher demand for ready-to-eat and packaged food products.
• Additionally, the rise in consumer income has further fueled the demand for advanced packaged food and beverages throughout the region.
• Among the countries in the Asia-Pacific region, China has been at the forefront of food adoption and is a significant contributor to the growth of the food robotics market.

Food Robotics Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing demand for packaged food
• Rising need for food with the growing population and the desire for increased productivity in food processing.
• Increased investments in automation within the food industry, presenting opportunities for growth.

Top Companies in the Food Robotics Market:

Stratview Research has identified the following companies as the top market players.
• Mitsubishi Electric Corporation
• ABB Group
• Rockwell Automation, Inc.
• Kawasaki Heavy Industries Ltd.
• KUKA AG
• FANUC Corporation
• Seiko Epson Corporation
• Yaskawa Electric Corporation
• Staubli International Corporation
• Mayekawa Mfg Co. Ltd
• Bastian Solutions, Inc.
• Pearson Packaging System
• Chowbotics
• Starship Industries
• Cantrell
• Universal Robots A/S
• Karakuri Ltd.
• TM Robotics
• Retail Robotics
• Jungle Robotics GmbH

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Food Robotics Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Collaborative Robots Market: https://stratviewresearch.com/3295/collaborative-robots-market.html
• Delta Robots Market: https://stratviewresearch.com/3354/delta-robots-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.