Overview and Scope
Food robotics refers to the use of robots for processing food and automating various stages of food production like packing and palletizing. The use of robots in food processing processes is more effective, efficient, and sanitary than using human labor.
Sizing and Forecast
The food robotics market size has grown rapidly in recent years. It will grow from $2.28 billion in 2023 to $2.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to labor shortages, increasing consumer demand, stringent food safety regulations, rising production costs, globalization of the food supply chain.
The food robotics market size is expected to see rapid growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to integration of artificial intelligence (ai), e-commerce and direct-to-consumer trends, expansion of robotics in food service, focus on hygienic design, customization and personalization. Major trends in the forecast period include collaborative robotics (cobots), rapid technological advancements, advancements in robotics technology, blockchain integration for transparency, sustainability-driven innovations.
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Segmentation & Regional Insights
The food robotics market covered in this report 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 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growth in consumption of processed food is significantly contributing to the growth of the food robotics market. Processed food refers to foods that are treated or changed during preparation to preserve them. Food robots are used in food processing to automate various steps and to maintain the sanitation of the food processing premises to meet sanitation requirements. For instance, in March 2022, according to a report published by the Australian Bureau of Statistics, an Australia-based Independent statutory body of the Australian Government in charge of gathering and analyzing statistics, during 2020-2021, 14.7 million tons of non-alcoholic beverages and food was consumed in Australia, an increase of 1.4% from 2019-2020 and 4.9% from 2018-2019. Therefore, the growing consumption of processed food will drive the food robotics market going forward.
Key Industry Players
Major companies operating in the food robotics market report are Mitsubishi Electric Corporation, Midea Group, Denso Corporation, ABB Group, Flexicell Inc., Kawasaki Heavy Industries Ltd., Rockwell Automation Inc., OMRON Corporation, Swisslog Holding AG, Fanuc Corporation, Yasakawa Electric Corporation, KUKA AG, Nachi-Fujikoshi Corporation, Staubli International AG, Bastian Solutions LLC., Schunk GmbH, Universal Robots AS, Omron Adept Technologies, Epson India Pvt Ltd., Mayekawa Mfg. Co. Ltd., Fetch Robotics Inc., Aethon Inc., Picnic Technologies B.V., Zume Inc., IAM Robotics, Xook, Blendid, RightHand Robotics Inc., Asic Robotics AG, Bobacino
The food robotics market report table of contents includes:
1. Executive Summary
2. Food Robotics Market Characteristics
3. Food Robotics Market Trends And Strategies
4. Food Robotics Market – Macro Economic Scenario
5. Global Food Robotics Market Size and Growth
….
32. Global Food Robotics Market Competitive Benchmarking
33. Global Food Robotics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Food Robotics Market
35. Food Robotics Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Food Robotics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Food Robotics Market, Segmentation By Payload, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Food Robotics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Mitsubishi Electric Corporation Financial Performance
Table 76: Midea Group Financial Performance
Table 77: Denso Corporation Financial Performance
Table 78: ABB Group Financial Performance
Table 79: Flexicell Inc. Financial Performance
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