The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Food Robotics Global Market Report 2023, the food robotics market is expected to show significant growth in the forecast period.

The global food robotics market is evolving at a remarkable pace, fueled by several key factors. In this blog, we explore how the consumption of processed food is shaping the market, analyze the prominent players in this field, and delve into the exciting trend of product innovation that’s driving the adoption of food robotics.

Processed Food: A Recipe for Growth

• The global food robotics market is set to increase from $2.01 billion in 2022 to $2.28 billion in 2023, marking a compelling compound annual growth rate (CAGR) of 13.19%.
• Beyond 2023, the market’s growth trajectory remains impressive, with projections forecasting a market size of $3.60 billion by 2027, driven by a CAGR of 12.09%.

Processed Food and the Robotics Connection

• The surge in the consumption of processed food is significantly contributing to the growth of the food robotics market.
• Food robotics plays a pivotal role in automating various food processing steps, enhancing efficiency and maintaining the hygiene standards essential for food safety.
• Notably, in Australia, statistics from the Australian Bureau of Statistics revealed that during 2020-2021, 14.7 million tons of non-alcoholic beverages and food were consumed, marking an increase of 1.4% from the previous year and 4.9% from 2018-2019.

Movers and Shakers in the Food Robotics Market

• Major players in the food robotics market include Mitsubishi Electric Corporation, Midea Group, and ABB Group, among others.
• These industry leaders are instrumental in driving innovation and shaping the trajectory of the food robotics market.

The Rise of Product Innovation

• A notable trend in the food robotics market is the increasing focus on product innovation.
• Leading companies are exploring creative ways to integrate robotics into food production, ensuring compliance with stringent sanitation regulations and boosting productivity.
• An exemplar of innovation is the world’s first fast food robot, KR 3 Agilus, launched by Germany-based manufacturer Kuka in February 2020. It offers a diverse menu with beverages, desserts, salads, and appetizers. Customers place orders through a touch panel, and the robot, known for its nimbleness, can fill up to 100 orders per hour, with a rapid three-minute delivery time.

Segmenting the Food Robotics Market

The global food robotics market can be dissected into several key segments:

1. By Type
   • Articulated
   • Cartesian
   • Scara
   • Parallel
   • Cylindrical
   • Collaborative
   • Other Types
2. By Payload
   • Low
   • Medium
   • High
3. By Application
   • Palletizing
   • Packaging
   • Repackaging
   • Pick And Place
   • Processing
   • Other Applications
4. By End User
   • Beverages
   • Meat
   • Poultry
   • Seafood
   • Dairy
   • Bakery
   • Fruits and Vegetables
   • Confectionery
   • Other End Users

Regional Insights

• In 2022, North America asserted itself as the largest region in the food robotics market, reflecting the region’s embrace of automation in the food industry.
• Looking ahead, Asia-Pacific is poised to emerge as the fastest-growing region in the forecast period, indicating a global appetite for the adoption of food robotics.

View More On The Food Robotics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/food-robotics-global-market-report

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The Food Robotics Global Market Report 2023  provides an in-depth analysis on the food robotics market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the food robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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