Published Date: 21-Feb-2023
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According to a new report, published by KBV research, The Global Food Robotics Market size is expected to reach $4 billion by 2028, rising at a market growth of 10.2% CAGR during the forecast period.
The Packaging market is registering a CAGR of 10.5% during (2022 - 2028). Food robots are employed in primary packaging, where food is placed into its container, wrapper, or vacuum-sealed bag. Using robots for secondary packing is another popular practice. The segment is expanding in this sector as the demand for packaged foods rises.
The Medium market is leading the segment in the Global Food Robotics Market by Payload in 2021; thereby, achieving a market value of $1.8 billion by 2028. The payload consists of the combined weight of the picked thing and the End of Arm Tooling (EOAT). The payload is simpler to calculate and quantify. Most robots with medium payloads are employed for repetitive and strenuous tasks in the F&B sector. The custom of eating three courses a day has somewhat diminished due to evolving trends words as snacking.
The Articulated market is showcasing a CAGR of 8.8 % during the forecast period. A dominant force in the food & beverage sector, articulated robots perform labor-intensive, risky, or delicate tasks. Contamination is never a concern when using articulated robot automation. Robots designed for use in food are sealed to prevent contamination of food products. With robots, work conditions can be strictly regulated and maintained hygienically, but it is practically impossible with people.
The Asia Pacific market dominated the Global Food Robotics Market by Region in 2021; thereby, achieving a market value of $1.6 billion by 2028. The Europe market is poised to grow at a CAGR of 10% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 9.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/food-robotics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mitsubishi Electric Corporation, ABB Group, Rockwell Automation, Inc., Kawasaki Heavy Industries, Ltd., Kuka AG (Midea Investment Holding Co., Ltd.), FANUC Corporation, Yaskawa Electric Corporation, Seiko Epson Corporation, Teradyne, Inc. (Universal Robots A/S) and Denso Corporation.
Unique Offerings from KBV Research
North America Food Robotics Market size & Opportunities 2022-2028
Europe Food Robotics Market & Growth Forecast 2022-2028
Asia Pacific Food Robotics Market Share & Industry Outlook to 2028
LAMEA Food Robotics Market Growth, Trends & Forecasts 2022-2028