Redding, California - September 6, 2024
Food Robotics Market to Reach $2.8 Billion by 2031
Food Robotics Market Size, Share, Forecast, & Trends Analysis by Type (Articulated Robots [SCARA, Six-axis Robots], Delta & Parallel, Collaborative, Cartesian, Cylindrical, Portal), Payload, Application, End Use - Global Forecast to 2031
Meticulous Research®—a leading global market research company, published a research report titled ‘Food Robotics Market—Global Opportunity Analysis and Industry Forecast (2024-2031).’ According to this latest publication from Meticulous Research®, the Food Robotics market is expected to reach $2.8 billion by 2031, at a CAGR of 11.6% from 2024 to 2031.
The growth of the food robotics market is driven by the escalation of food safety regulations, increased investments in robotics by food and beverage companies, advancing digitalization within the food and beverage sector, and a growing emphasis on efficient food packaging. Moreover, the rising demand from emerging economies is anticipated to present opportunities for players operating in this market. On the other hand, high installation costs may restrain the growth of the market. Additionally, the limited adoption of robotics among SMEs in the food and beverage sector poses a significant challenge impeding the market's growth.
Key Players:
The food robotics market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the food robotics market are ABB Ltd (Switzerland), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), Kuka AG(Germany), Mitsubishi Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Universal Robots A/S (Denmark), Stäubli International AG (Switzerland), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Mayekawa Mfg. Co., Ltd. (Japan), Omron Corporation (Japan), and Autonox Robotics GmbH (Germany).
The food robotics market is segmented by type, payload, application, and end use. The report evaluates industry competitors and analyzes the market at the regional and country levels.
By type, the articulated robots segment is expected to dominate the market in 2024, with a share of 37.8%. Medium payload robots provide an ideal balance of speed, precision, and payload capacity. This segment’s substantial market share is primarily attributed to its high load capacity and flexibility. Key drivers include the increasing focus on controlling food contamination, the rising adoption of autonomous mobile robots (AMRs) with articulated arms for inventory management in warehouses and distribution centers, and the growing utilization of articulated robots in the food industry for pick-and-place operations, packaging, and the sorting and inspection of food products.
By payload, with a share of 47.2%, the medium payload segment is anticipated to hold a dominating position in the food robotics market. Medium payload robots deliver an optimal balance of speed, precision, and payload capacity. The substantial market share of this segment is primarily driven by the increasing demand for automation in mid-sized production facilities, advancements in robots specifically designed for packaging, food handling, and pick-and-place tasks, enhancements in gripping technology, and the incorporation of vacuum assistance.
By application, in 2024, the palletizing & depalletizing segment is expected to account for the largest share of 28.2% of the market. This segment's prominence is primarily driven by the increasing need to streamline supply chain operations, the rising demand for automation in warehousing and distribution centers, and the growing use of robots for loading and unloading boxes, bags, cases, bottles, cartons, and other items onto or from pallets. These robots enhance throughput, improve quality, provide better working conditions, and boost operational efficiency.
By end use, with a share of 27.3% in 2024, the dairy segment is projected to account for the largest of the market. This segment's large market share is largely attributed to the growing need to enhance quality and productivity while reducing production costs, the rising demand for high-quality dairy products, and various government initiatives supporting the dairy sector. The integration of robots in the dairy processing industry boosts safety, quality, and profitability by optimizing process monitoring and control. Moreover, advancements in robotic technology that improve precision and efficiency in tasks such as milk handling, packaging, and quality inspection are further accelerating the adoption of robotics in the dairy sector in the coming years.
This research report analyzes major geographies and provides a comprehensive analysis of Asia-Pacific (Japan, China, India, South Korea, Australia, Taiwan, Indonesia, New Zealand, and Rest of Asia-Pacific), Europe (Germany, U.K., Italy, France, Spain, Spain, Benelux, Switzerland, Italy, Poland, Austria, Czech Republic, Hungary, Romania, Slovakia, Turkey, Greece, and the Rest of Europe), North America (U.S., Canada), Latin America (Brazil, Argentina, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa).
By geography, in 2024, Asia-Pacific is poised to account for the largest share of 48.2% of the food robotics market, followed by North America and Europe. The large market share of this regional market is driven by increasing awareness of food hygiene and safety, rising demand for automated solutions to boost efficiency and productivity in food manufacturing and packaging, significant technological advancements including AI, IoT, and robotics, stringent food safety regulations, and the widespread adoption of autonomous robots for inventory management, stock level tracking, warehouse operation optimization, and food product quality inspection.
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Key Questions Answered in the Report-
- What is the value of revenue generated by the sale of food robotics?
- At what rate is the global demand for food robotics projected to grow for the next five to seven years?
- What is the historical market size and growth rate for the food robotics market?
- What are the major factors impacting the growth of this market at global and regional levels?
- What are the major opportunities for existing players and new entrants in the market?
- Which type, payload, application, and end use segments create major traction for the manufacturers in this market?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the food robotics market?
- Who are the major players in the food robotics market? What are their specific product offerings in this market?
- What recent developments have taken place in the food robotics market? What impact have these strategic developments created on the market?
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