Global Food Robotics Market is expected to foresee significant growth during the forecast period. North America to witness the highest growth
- Vikas Kumar
- October 6, 2021
- CONSUMER GOODS, NEWS, Uncategorized
- Food Robotics Market, Food Robotics Market Growth, Food Robotics Market Share, Food Robotics Market Size, Food Robotics Market Trend
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Global Food Robotics Market was valued at US$ 2.1 Billion in 2020 and is anticipated to reach US$ 4.9 Billion by 2027 displaying an elevated CAGR of 13% over the forecast period (2021-2027).
Robots are considered an integral part of industries including the food and beverage industry. The food robot automates tasks and enhances productivity. Therefore, a tend deployment of. Food robots have been witnessed in past few years. As per International Robotics Federation, approximately 1.3 million industrial robots were installed around the world between 2015 and 2018. Moreover, Food industry manufacturers have recorded an increase in productivity of +25% after employing robotics as compared to the work done by a human chain
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The growing shortage of skilled labor force in the food and beverage company is a challenge that is increasing the requirement of food robotics and the deployment of robots in food manufacturing operations is on the rise. Association of Labor Providers found that 70% of food and beverage manufacturing companies were suffering from a shortage of low and unskilled labor in 2018. Robotics has been seen as a solution to such shortages
Furthermore, most of the food processing industry requires product variation but without making the change in the processing line or fiddling with hardware. The association for Packaging and Processing Technologies has shown that almost 33% of food processing operations already use robotics in their facilities. Another survey carried out by the organization revealed that 94% of food packaging operations were already using robotics in 2018
The COVID-19 pandemic has had an unparalleled impact on the socio-economic structure across various countries. During COVID -19 period, people have seen their daily lifestyles change drastically. Consumer Products food & beverage companies are facing significantly reduced consumption as well as disrupted supply chains. At-home consumption has increased, but out-of-home consumption, which historically generates the highest margin – has come to nearly a standstill. There may be long-term changes in customer behavior and demand.
Based on the Type, the market is fragmented into Articulated, Cartesian, SCARA, Parallel, Cylindrical, Collaborative and Other. The Articulated segment dominated the market in 2020 and gathered XX% in 2020. Moreover, the segment is anticipated to maintain its dominance during the analyzed period. The demand for this segment is witnessing an uptick as Articulated robots are industrial robots with multiple interacting jointed arms that can be fitted with grippers or tools.
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Based on the Payload, the market is fragmented into Low, Medium, and High. The medium payload segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. The demand for medium payload food robots is on the rise owing to the growing demand from the daily or processed food industry. As per OCED, global milk production grew by 1.3% in 2019.
Additionally, the report provides detailed initiatives that are being taken in the field of Food Robotics. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market with US$ XX million in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of rising disposable income and demand for processed and packaged food in the countries such as China, India, and Japan.
Global Food Robotics Market Segmentation
Market Insight, by Type
Market Insight, by Payload
Market Insight, by Function
- Pick & Place
Market Insight, by Application
- Meat, poultry, and seafood
- Processed food
- Dairy products
- Fruits & vegetables
- Bakery & confectionery products
- Other applications (Convenience food & Infant food)
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- ABB Group
- Kawasaki Heavy Industries Ltd.
- Rockwell Automation Incorporated
- Mitsubishi Electric Corporation
- Fanuc Corporation
- Yaskawa Electric Corporation
- Kuka AG
- Seiko Epson Corporation
- Staubli International AG
- Universal Robotics A/S