As stated in our extensive report; providing insights on Type, Payload, Function, and Application; the Global Food Robotics Market accounted for USD 1,842.5 Million in the year 2021.
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. An increase in demand for enhanced productivity augments the deployment of robots to automate tasks, resulting in robots being an integral part of various industries.
In recent years, digitalization has enabled high-tech automation, where AI is fueling operational productivity to boost the workforce and productivity. Various regulations are governing the use of digitalization in the Food and Beverage (F&B) industry. The USFDA’s policy Food Safety Modernization Act mandates food organizations to update and modernize their approaches to the principles of HACCP (Hazard Analysis and Critical Control Point) by using ERP systems. Using technology for the HACCP process and maintaining databases helps organizations with every step, monitoring their products with total visibility and ensuring compliance with food safety standards. At the same time, the potential use of 3D printing technology for testing and research, and development purposes is expected to boost its adoption for mass production.
Food Robotics Market has been adversely affected in recent months owing to the outbreak of the pandemic, COVID-19, in December 2019. The outbreak has resulted in numerous countries imposing lockdowns and shutting down businesses except for essential services (allowed with minimum workforce). Several businesses have increased their focus on profitability and reduced their expenses in manufacturing, which is decreasing the demand for Food Robotics Market.
Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) in the coming years owing to the high demand for robots in the food industry.Additionally, this region has the most advance manufacturing facilities which are boosting the market to growth. Countries such as the U.S. & Canada are considered to be the most developed countries in the field of robotics technology. These are a few of the reasons is expected to grow in the coming years.
Developing economies like India, China, and the Middle East are considered to gain huge opportunities in the field of manufacturing and AI. North America held the largest share of the Food Robotics Market in 2021, followed by Europe and the Asia Pacific.In major parts of the world, the market is still growing owing to insufficient funds, lack of awareness, minimum availability of R&D facilities, underdeveloped IT infrastructure, and social constraints.
Major players of the Global Food Robotics Market such as ABB Group (Switzerland), KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Rockwell Automation Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yasakawa Electric Corporation (Japan), Denso Corporation (Japan), Nachi-Fujikoshi Corporation (Japan), OMRON Corporation (Japan), Universal Robots A/S (Denmark), Staubli International AG (Switzerland), Bastian Solutions LLC (U.S.), Schunk GmbH (Germany), Asic Robotics AG (Switzerland), Mayekawa Mfg. Co. Ltd. (Japan), Apex Automation & Robotics (Australia), Aurotek Corporation (Taiwan), Ellison Technologies Inc. (U.S.), Fuji Robotics (Japan), Moley Robotics (U.K.).