Food Robotics Market Poised for Significant Growth, Achieving $7.8...

Food Robotics Market Poised for Significant Growth, Achieving $7.8 Billion Valuation by 2033 at 12% CAGR

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Posted 2024-07-10 07:04:58

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A report by market research and competitive intelligence services firm Fact.MR projects the size of the global food robotics market to be US$ 2.47 billion in 2023. By the end of the forecast period (2023 to 2033), the global market for food robots is expected to reach a value of US$ 7.8 billion, growing at a compound annual growth rate of 12%.

The food sector has seen a significant shift on a worldwide scale, and the use of robots and automation has been essential in changing this environment. The food robotics solution has emerged as a key factor driving efficiency and innovation in the food robots business, as customer tastes change, supply chain complexity grows, and quality and safety demands rise.

Download a Sample Copy Of Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8980

The idea of using robotics in the food business is not new. But technological breakthroughs and the urgent need for safer, more effective, and sustainable food production robots have thrust the industry into the public eye. These developments include a range of areas related to robots used in food processing, packaging, and even catering.

Key Companies Profiled

ABB Group
KUKA AG
Fanuc Corporation
Kawasaki Heavy Industries Ltd.
Rockwell Automation Inc.
Mitsubishi Electric Corporation
Yasakawa Electric Corporation
Denso Corporation
Nachi- Fujikoshi Corporation
OMRON Corporation
Universal Robots A/S
Staubli International AG
Bastian Solutions LLC
Schunk GmbH
Asic Robotics
Mayekaa Mfg. Co. Ltd.
Apex Automation & Robotics
Aurotek Corporation
Ellison Technologies Inc.
Fuji Robotics
Moley Robotics
SeikoEpson Corporation
Marel
GEA Group
Krones Group

Sales of food robotic systems are being driven by the food industry's growing acceptance of digitalization. Food robotic systems are becoming into essential elements of intelligent production environments as the sector experiences a digital revolution. Sophisticated technologies like automation, data analytics, and the Internet of Things may be seamlessly integrated with them, helping food businesses increase overall efficiency, improve product quality, and optimize operations.

Food goods made available through digitalization may be readily customized and personalized by food robots. The utilization of artificial intelligence and machine learning in digitalized food production environments has enhanced these robots' functionality.

Key Takeaways from Market Study

The global market for food robotics is estimated at a valuation of $2.47 billion in 2023.
Food robotics sales are expected to rise at 12% CAGR between 2023 and 2033.
The global market is projected to reach US$ 7.8 billion by the end of 2033.
Asia Pacific and Europe together accounted for 58% share of worldwide revenue from low payload food robotics.
Significant growth rates are predicted for the market in Asia Pacific, Latin America, the Middle East, and Africa during the forecast period (2023 to 2033).

Due to shifting dietary habits, urbanization, and ever-changing lifestyles, there is an increasing need for packaged food. A growing number of consumers are choosing processed foods, easy-to-eat meals, and snacks. Because of this, there is now a greater demand for packaged food, which puts more pressure on food producers to reliably and effectively reach their production targets.

Food robotic systems ensure that packaged food items are produced accurately and in large quantities by automating a range of packaging tasks, including as filling, sealing, labeling, and quality control. Food robotic systems can extend the shelf life and freshness of packaged meals while reducing the need for human contact and the chance of contamination during the packaging process.

Competitive Landscape

Market expansion is being driven by the growing use of robots in food processing and production. Competitiveness is being impacted by the growing number of major participants in the market, as suppliers are investing in R&D to provide novel solutions that meet industry demands.

The food robotics industry is made up of a mix of established players, creative start-ups, and multinational robotics and automation corporations. The food robotics market is characterized by its emphasis on food safety, quality, and efficiency as well as its constant technical improvements and customization of solutions to meet the specific needs of the food industry. The food industry's growing need for automation is predicted to increase rivalry among these organizations, spurring more innovation and industry growth.

In February 2022, Mitsubishi Electric Corporation introduced a teaching-less robot system technology primarily designed for food-processing facilities. These robots conduct organizational, sorting, and similar operations at human-like speed without requiring constant supervision.
In April 2021, Rockwell Automation Inc. established a partnership with Comau, aiming to streamline processing and lifecycle management in the food and beverages industry.

Segmentation of Food Robotics Market Research

By Type :

Articulated
Cartesian
SCARA
Parallel
Cylindrical
Collaborative
Others

By Application :

Palletizing
Packaging
Repackaging
Pick & Place
Processing

By Payload :

Low
Medium
Heavy

By End Use :

Beverages
Meat
Poultry
Seafood
Dairy
Bakery
Fruits
Vegetables
Confectionery
Others

By Region :

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

This substantial growth reflects the increasing adoption of automation and advanced robotics in the food industry, aimed at enhancing efficiency, precision, and safety. As technological advancements continue to evolve, the food robotics market is expected to play a crucial role in transforming food production and processing, addressing challenges related to labor shortages, and meeting the growing demand for high-quality food products.