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Cooking Robot Market Expected to Achieve 13% CAGR by 2029: Growth Forecast Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Cooking Robot Market Size By 2025?
The size of the cooking robot market has been experiencing swift expansion in the past few years. The projections indicate an increase from being worth $3.79 billion in 2024 to reaching $4.25 billion in value by 2025, recording a compound annual growth rate (CAGR) of 12.1%. The striking growth during the previous period can be credited to various factors such as heightened demand for automation, steep labor expenses, the introduction of innovative technology, consumers desiring consistency, advancements in battery technology, and the effect of early adopters.
How Big Is the Cooking Robot Market Size Expected to Grow by 2029?
Expectations are high for the cooking robot market size to experience a significant expansion in the coming years. It is projected to reach $6.94 billion by 2029, with a compound annual growth rate of 13.0%. Factors contributing to this growth over the prediction period include increased awareness of health and nutrition, demand for energy efficiency, customization abilities, an aging demographic, pandemic impact, and global urbanization. The trend forecast for this period includes developments in AI and predictive cooking, better interactivity, multifunctional features, IoT connectivity, AR integration, advanced safety measures, and use of environmentally-friendly materials.
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Which Key Market Drivers Powering Cooking Robot Market Expansion and Growth?
Accelerated growth in the cooking robot market can be attributed to the burgeoning commercial food service industry. This industry, which encompasses profit-oriented businesses serving food and drink, has seen a recent surge due to the rise of fast-casual dining places that provide affordable, high-quality meals. Further enhancements such as online ordering, food delivery apps, and digital payments, combined with higher disposable income, add to customer ease and propel the industry's growth. Food preparation robots play a crucial role in this progress, helping the industry maintain cost-effectiveness, uniformity, and uphold the elevated standards of food safety and quality. As reported by the US Bureau of Labor Statistics, a US federal fact-finding agency, there was a 4.28% increase in the food services and drinking places in the private industry from the first (695,817 establishments) to the fourth quarter of 2023 (711,159 establishments) in June 2024. This points to the assertion that the expanding commercial food service industry will sustain the propulsion in the cooking robot market.
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Which Fast-Growing Trends Are Poised to Disrupt the Cooking Robot Market?
Major firms in the cooking robot sector are at the cutting edge of innovation, creating advanced systems to mimic complex cooking procedures. They are utilizing AI-powered robotic cooks that not only elevate their operational approach but also aim to grow their market share in the automated kitchen offerings. These AI-powered chefbots are capable of replicating advanced cooking techniques, adjusting recipes according to taste preferences, and consistently delivering high-quality meals. They track in excess of 1,200 variables such as robot vision, food quality and connect seamlessly with point-of-sale systems. A prime example of such innovation was unveiled in June 2022 by Nala Robotics, a US-based manufacturer specialized in automation machinery. They introduced Pizzaiola, a self-operating pizza making robot equipped with the capacity to prepare salads and a variety of other dishes like pizzas, burgers, wings, and pasta. This 7-axis chefbot applies artificial intelligence and machine learning to produce authentic, high-grade pizzeria-style meals. Pizzaiola has the capacity to make up to 50 pizzas per hour, complete with 35 toppings, five types of dough, and four different sauces. Alongside its award-winning features, it harnesses natural language processing to manage voice menu orders, handling the entire process- from dough kneading to cooking. Furthermore, it is designed to package pizzas of varying sizes with the option to customize by adding fryers, grills, and alternative pizza oven options.
What Are the Emerging Segments in the Cooking Robot Market?
The cooking robotmarket covered in this report is segmented -
1) By Robot Type: Cobots, Selective Compliance Assembly Robot Arm (SCARA), Delta Robots, Other Robot Types
2) By Application: Beverage Making, Meat Processing, Fast Food Preparation, Other Applications
3) By End-User: Commercial, Residential
Subsegments:
1) By Cobots (Collaborative Robots): Autonomous Cooking Assistants, Cooking Process Automation Cobots
2) By Selective Compliance Assembly Robot Arm (SCARA: Pick-And-Place Robots, Food Preparation And Assembly Robots
3) By Delta Robots: High-Speed Food Processing Robots, Precision Cooking And Plating Robots
4) By Other Robot Types: Mobile Kitchen Robots, Automated Grilling And Frying Robots, Robotic Bartenders, Food Delivery Robots
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Who Are the Global Leaders in the Cooking Robot Market?
Major companies operating in the cooking robot market are Xiaomi Inc., Epson Corp., Yaskawa Electric Corporation, KUKA AG, Stäubli International AG., Bastian Solutions LLC, Mayekawa Mfg. Co. Ltd., Solo Gelato Ltd., Bear Robotics Inc., Miso Robotics Inc., Briggo, Inc., Chefee Robotics Inc., Starship Technologies Inc., Picnic Works Inc., Cecilia AI Ltd, Dexai Robotics Inc., Karakuri Ltd., Kitchen Robotics ltd., Milkit Ltd., Nala Robotics Inc., Truebird Inc., Wilkinson Baking Company, SavorEat Ltd., Chowbotics Ltd, Euphotic Labs Pvt Ltd, Moley Robotics Ltd
Which are the Top Profitable Regional Markets for the Cooking Robot Industry?
North America was the largest region in the cooking robot market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cooking robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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