Food Robotics Global Market
The Food Robotics Global Market Report 2023, provides comprehensive information on the food robotics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Food Robotics Global Market Report 2023, the market size is expected to grow from $2.01 billion in 2022 to $2.28 billion in 2023 at a compound annual growth rate (CAGR) of 13.19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of food robotics market is expected to reach $3.60 billion in 2027 at a CAGR of 12.09%.
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Product innovation is the key trend gaining popularity in the food robotics market. Major companies operating in the food robotics market are focusing on developing new ways of integrating robotics into the production of food for meeting stringent sanitation regulations and increasing productivity. For instance, in February 2020, Kuka, a Germany-based manufacturer of industrial robots launched KR 3 Agilus which is the world’s first fast food robot. With KR 3 Agilus, customers get a choice of 15 beverages, two desserts, three salads, and 14 appetizers. Customers use a touch panel to put their orders. KR 3 Agilus although requiring minimal room, is quite nimble. The robot can fill up to 100 orders an hour and delivers the order in three minutes.
The food robotics market is segmented:
1) By Type: Articulated, Cartesian, Scara, Parallel, Cylindrical, Collaborative, Other Types
2) By Payload: Low, Medium, High
3) By Application: Palletizing, Packaging, Repackaging, Pick And Place, Processing, Other Applications
4) By End User: Beverages, Meat, Poultry, Seafood, Dairy, Bakery, Fruits and Vegetables, Confectionery, Other End Users
North America was the largest region in the food robotics market in 2022.
The table of contents in TBRC’s food robotics market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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