Global Food Robotics Market Overview
The key driver impacting the food robotics market is the rising demand for packaged foods and the growing emphasis on rising operational efficiency in production. for instance, as per the Institute of Food Technologists, global sales of packaged foods and drinks reached $2.1 trillion in 2017 and are predictable to augment at a compound annual growth rate (CAGR) of 2.2% through 2022. The Middle East/Africa and the Asia Pacific food sectors are likely to proliferate in the coming years. Moreover, the rising demand for food robotics due to ever increasing demand for food with growing population and need for enhanced productivity in the food processing sector is estimated to be a significant factor that adds to the market growth.
According to Value Market Research, the global food robotics market size was valued at around USD xxx million in 2020 and is projected to grow at a CAGR of about 13.1% during the forecast period of 2021 to 2027.
The increasing incorporation of robotics in food manufacturing to optimize production errors and the introduction of innovative and advanced automation technologies is estimated to augment food robotics demand in the forecast period. for instance, about 94% of food packaging operators already use robotics, according to a survey by the Association for Packaging and Processing Technologies. In January 2018, a study by the Association of Labour Providers found that 70% of food and beverage manufacturing companies suffered from a shortage of low and unskilled labor. however, high installation costs of robotic systems may hamper the global food robotics market in the long run. also, the interoperability issues related to robotic technologies are negatively impacting the market. the current industry trends, such as the mounting research investments and funding in automation and the increasing adoption of robotics systems for various industrial operations, are expected to provide market players with new market opportunities.
The food robotics market is vast, with many local and global players. the key leaders follow different strategies to advance their market position, such as contracts, amalgamation, contracts, extending product portfolio, acquisitions, expansions, and product upgrades to raise their market share across the globe. For instance, in November 2019, Mitsubishi (Japan) has expanded its SCARA robot products and its MELFA articulated arms to a series of triangular robots, which will help the company enlarge its line of robotic solutions. The product is readily obtainable across retailers to convene the varying consumer demand. The major players in the report are BB Group, Rockwell Automation Inc., Aurotek Corporation, Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corporation, Fanuc Corporation, Mitsubishi, Universal Robots A/S, Yaskawa Electric Corporation, and Others.
In this research report, the food robotics market is segmented by type, payload, application, and region.
Analysis by Type:
By type, the report is categorized into articulated, parallel, scara, cylindrical, and other. The articulated segment dominates the type segment with over 25% share in 2020. It is due to the accelerating use of articulated systems for palletizing and material handling across the globe. Moreover, the increasing popularity and longevity of articulated robots reduce robot prices, thus driving demand for an articulated robot in the forecast period.
Analysis by Payload:
By payload, the report is categorized into low, medium, and heavy payload. Low and medium payload capacity segments are expected to grow at faster rates over the forecasted period. The low and medium payload capacity systems are majorly adopted for Packaging, repackaging, picking, and placing applications. Moreover, the expanding trend of using these automated systems across food manufacturing units contributes to the high demand for low and medium payload robots in the forecast period.
Analysis by Applications:
By application, the report is categorized into packaging, repackaging, palletizing, picking, processing, and others. The packaging is likely to show considerable in the forecast period. It is due to the growing demand for packaged food in the market that drives regional growth. Moreover, the high adoption of robotics systems for packaging enables a boost in a reduction in wastage, production capacity, and uniformity in packaging, contributing to the high demand from the packaging sector in the forecast period.
Analysis by Region:
In the regional outlook of the global food robotics market, the Europe region dominates with a 30% market share during the forecast period. It is due to the food safety regulations and the increasing labor costs in the region. The growing demand for packaged food in the market drives regional growth. Moreover, the regulatory measures taken in food safety leading to demand for automation in the European market contribute to the development of the food robotics market in Europe.
Market Segmentation covered in the Report:
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.