Food Robotics Market Modern Lifestyle, And Rising Spending Power Forecast 2023-2030 in Market Research Community
- June 2, 2023, 3:35 a.m.
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Food Robotics Market Insights:
By 2030, the Food Robotics Market is forecasted to grow at a noteworthy rate during the forecast period from 2023 to 2030, with an expected compound annual growth rate (CAGR) of 10.6%. The market is expected to reach a valuation of USD 5.4 billion, which is a considerable increase from its present value of USD 2.71 billion in 2023.
The food robotics market is experiencing significant growth as the food industry adopts automation and robotics technologies for various processes such as processing, packaging, handling, and storage. The integration of robots in this industry offers numerous advantages, including enhanced precision, increased productivity, lower labor costs, and improved food safety. The market's rapid expansion is driven by the growing consumer demand for efficient and environmentally friendly methods of food production. As a result, the food robotics sector has become a crucial and dynamic segment within the food industry.
The food robotics market is classified based on various factors, including robot type, application, payload, end-user, and location. Robot types are categorized as cartesian, collaborative, articulated, and others. Among these, articulated robots are the most widely used due to their speed, precision, and versatility. Application categories in this market encompass palletizing and depalletizing, packaging and repackaging, processing, pick and place, and more. Packaging and repackaging hold the largest segment due to the high demand for automation in packing operations. Payload is divided into low, medium, and high, while end-users are classified as food producers, food service providers, and others.
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Driven by the increasing demand for automation in the food industry and the presence of major food manufacturers in the region, North America currently holds the largest market share in food robotics. Europe is also a significant market for food robotics, especially in the packaging and repackaging applications. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth in the food robotics market, primarily due to the growing adoption of robotics and automation technologies in the food industry.
Market Segmentation
By Type:
Articulated Robots (SCARA, Six-Axis Robots, and Other Articulated Robots) Delta & Parallel Robots, Collaborative Robots, Cartesian Robots, Portal Robots, and Others
By Payload:
Low Payload, Medium Payload, and High Payload
By Function:
Palletizing, Packaging, Pick-and-Place, Cutting & Slicing, Grading & Sorting, Butchery, and Others
By Application:
Dairy, Beverages, Bakery & Confectionery, Meat, Poultry, & Seafood, Fruits and Vegetable processing, Oil & Fats, and Other End Users
By Geography:
North America, Europe, Asia Pacific, Latin America, Middle East and Africa
In terms of application, packaging and repackaging is expected to hold the largest market share during the forecast period due to the high demand for automation in packaging processes. Processing is also expected to grow at a significant rate, driven by the increasing demand for automation in food processing.
In conclusion, the food robotics market size is a rapidly growing segment of the food industry, driven by increasing demand for sustainable and efficient food production. The market can be segmented by type, application, payload, end-user, and geography, and is projected to reach a market value of approximately $3.1 billion by 2028. With increasing demand for automation in the food industry, the food robotics market is expected to continue to grow in the coming years.
The study provides answers to the following key questions:
- What type of customers buying the products and services from companies operating in the Food Robotics Market?
- What will be the roadmap for the product manufacturers operating in the Food Robotics Market industry for the forecast period, 2023 to 2030?
- What are the recent developments in the competitive landscape to look out for during the estimated period?
- What are the major trends influencing customers’ lives and their buying behaviour?
- How can brands best communicate with the customers they intend to target?
- When, where and how the customers want to use or consume the products or services?
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