Food Robotics Market Research, 2031
Food robotics market was valued at $2,047.3million in 2020, and is estimated to reach $5,787.9million by 2031, registering a CAGR of 10.4% from 2022 to 2031.
Food robotics refers to the machines used in the food & beverage industry to perform various complex activities such as picking, packing, and palletizing. Various technological advancements across numerous sectors have brought fictional robots to reality. Increase in demand for enhanced productivity augments the deployment of robots to automate the tasks, resulting in robots being an integral part of various industries.
Key Takeaways
By type, the articulated segment dominated the food robotics market in 2020.
By payload, the medium segment dominated the market in 2020.
By application, the palletizing segment dominated the market in 2020.
By region, Asia-Pacific dominated the market in terms of revenue in 2020. However, LAMEA is anticipated to grow at the highest CAGR during the forecast period.
Market Dynamics
The increased demand for processed and packaged foods has led many companies to expand their production, as a result of which the installation of processing and packaging technology may also witness a significant growth. Packed food includes bakery &dairy products, canned &frozen processed products, ready-to-eat meals &snacks, and health food products. However, the food packaging industry is driven by urban lifestyle changes, rise in disposable income, increased trend of nuclear families, and modern retail trade. This has increased the demand for packaged food worldwide, which in turn offers lucrative market opportunities for the food robotics market.
The food & beverage sector incorporates automated technology for packaging and palletizing to reduce cost, save time, and deliver better quality products. This technology enhances the storage capacity and efficient use of vertical space. Automation in production plants and warehouse areas has become popular for loading/unloading, sorting, palletizing, and put-away tasks, leading to improvement in the supply chain performance in the food & beverage industry. Robotic systems assist to reduce the workload of employees, working in collaboration with them for higher efficiency. Furthermore, with growth in stringent safety regulations regarding work safety, companies now employ robotic systems for dangerous and hazardous environments.
With advances in technology, automation, and robotics, there is requirement of highly skilled workers and technicians who possess technical expertise to achieve operational excellence. In addition, skilled personnel are required to manage, maintain, troubleshoot, and repair robotic systems for smooth flow of operations. However, the absence of skilled labor in many economies increases costs &inefficiencies, which thus hinders the food robotics market growth. To overcome this challenge, some of the leading companies provide their existing technicians with tools &software to make their jobs efficient and accurate.
Segment Review
The food robotics market share is segmented based on the type, payload, application, and geography. By type, the market can be segmented into articulated, scara, energy drinks, parallels, cylindrical, collaborative, and others. By payload, the study covers low, medium, and high categories in the report. By application, the market is analyzed into palletizing, packaging, repackaging, pick &place, processing, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
By Type
SCARA would exhibit the highest CAGR of 11.9% during 2022-2031, owing to its acurate performance such as high speed and high accuracy in pick-and-place operations, and others
By Type
By type, articulated segment is leading the market size. Food Robotics are mainly composed of Articulated, cartesian, SCARA, Parallel, cylindrical, collaborative, and others. Articulated accounts for major market share in terms of revenue and volume, followed by SCARA and Cartesian. The parallel and cylindrical segments are expected to witness significant growth rates during the forecast period.
By Payload
High payload segment would exhibit the highest CAGR of 11.3% during 2022-2031, owing to the adoption of high performance technologies among the manufacturers to increase manufacturing efficiency at short time period.
By Payload
By payload, medium segment is leading the market size, however, high payload is the fastest growing segment owing to increased advancements in technologies and improved R&D. Asia-Pacific and Europe collectively accounted for about 60.0% share of the low payload market in 2020. LAMEA and Asia-Pacific are expected to witness significant growth rates during the food robotics market forecast period.
By Application
Processing segment would exhibit the highest CAGR of 12.2% during 2022-2031, owing to the increased industrialization and globalization in the market.
By Application
By application, palletizing segment is leading the market size; however, processing sector is the fastest growing segment during the forecast period (2022-2031). Asia-Pacific and Europe are the major regions that collectively accounted for about 55% share of the food robotics market in 2020.
By Region
LAMEA would exhibit the highest CAGR of 11.8% during 2022-2031, due to emergence of several manufacturing industries such as food, beverages, healthcare, and others.
By Region
Region wise, Asia-Pacific dominated the food robotics market in 2020 and is expected to be dominant during the forecast period. The key driving factors of the market include a higher participation rate food manufacturers to cater to the demand for convenience packaged foods and beverages across the untapped market such as India, Indonesia, and others. Moreover, the China is one of the largest countries with large consumer bases in the globe, which further boosts the demand for food robotics in the packaging industries.
Competition Analysis
The key players profiled in the food robotics market analysis include Mitsubishi Electric Corporation, ABB Group, Rockwell Automation Incorporated, Kawasaki Heavy Industries Ltd., Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, SeikoEpson Corporation, Staubli International AG, and Universal Robotics A/S.
Some Examples of Partnership in The Market
In April 2017, ABB entered in a partnership with IBM to focus on industrial artificial intelligence solutions. The partnership enabled to combine ABB Ability and IBM Watson for superior customer value.
In October 2017, ABB partnered with Fluor. The partnership combined ABB’s power technologies with Fluor’s expertise in managing large engineering, procurement, and construction projects.
Some Examples of Product Launch in The Market
In March 2017, ABB launched ABB Ability, an industry-leading digital solution. This solution includes performance management solutions for asset-intensive industries; control systems for process industries; remote monitoring services for robots, motors, and machinery; and control solution.
In June 2017, Universal Robots A/S, pioneer for development of collaborative robots, launched Universal Robots+ at AUTOMATICA in Munich. This product line includes featured products such as RG2 Gripper, Robotiq Camera Kit for Universal Robots, ATI Axia80 Force Torque Sensor, and Millibar manual tool changer.
Key benefits for stakeholders
The report provides a quantitative analysis on food robotics market trends, estimations, and dynamics of the food robotics market size from 2020 to 2031to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis, the market size, and segmentation assist to determine the prevailing food robotics market opportunities.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the food robotics industry.
Food Robotics Market Report Highlights
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Analyst Review
The global food robotics market has witnessed a rapid growth rate, leading to increase in demand for improved and speedy productivity. This has led to increased demand for robots with low cost and high throughput rates. In addition, various governmental regulations pertaining to maintaining cleanliness in the food industry augment the demand for use of robots. Since the implementation of FDA Food Safety Modernization Act (FSMA) in 2011, there has been a surge in preventing contamination in food supply, thus boosting the food robotics industry. Asia-Pacific is anticipated to account for maximum share in the global food robotics market, owing to increased production of ready-to-eat food products. Moreover, increased demand for more varied packaging, retail ready packaging, and pack counts is expected to boost the demand for primary packaging robots in this region.
Food robotics market is expected to reach at $2,180.4 million in 2021 and $5,787.9million by 2031.
Food robotics market is expected to registering a CAGR of 10.4% from 2022 to 2031.
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The year 2021 is the base year calculated in the Food Robotics Market report.
Mitsubishi Electric Corporation, ABB Group, Rockwell Automation Incorporated, Kawasaki Heavy Industries Ltd., and others are the top companies in the Food Robotics Market.
The food robotics market is segmented based on the type, payload, application, and geography.
Industrialization and incorporation of advanced technologies are few of the key trends in the Food Robotics Market report.
Asia-Pacific holds the maximum market share of the Food Robotics Market.
Several restrictions due to COVID-19 such as social distancing, market closures, and others have affected the production capacity of the food robotics by the manufacturers in the year 2020. Thus, the overall market revenue is expected to be hampered post-pandemic and will normalize withing next couple of years.
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