Increasing Food Safety Regulations Drive the Food Robotics Market

The global food robotics market is estimated at USD 1.37 Billion in 2017 and is projected to reach USD 2.50 Billion by 2022, at a CAGR of 12.80% during the forecast period.

Northbrook, USA, 2020-Jan-29 — /EPR Network/ — The global food robotics market is projected to reach USD 2.50 billion by 2022, at a CAGR of 12.80% from 2017. Factors such as increasing food safety regulations and the high demand for packaging & re-packaging in food production are expected to increase the demand for food robotics, globally. Furthermore, increasing instances of food contamination through human contact have encouraged manufacturers to employ industrial robots in the food & beverage manufacturing processes. The demand for food robotics is anticipated to increase in the Asia Pacific region, owing to the rapidly growing processed food industry.

With the increasing functionality of robots, more industries such as the food processing industry are adopting automation with low payload robots. Sections such as dairy and bakery in the food & beverage industry are minimizing human contact in the production process in order to comply with health authority standards. There is an opportunity for the food robotics market to grow with the increase in functionality of robots to include packaging, repackaging, and palletizing.

Food Robotics Market

Limited skilled workforce is the major restraining factor for the market.

In countries where the food & beverage industry has high potential for growth—such as China, India, and Brazil—there is a skill shortage in this domain. This is because the knowledge of four to five engineering disciplines is required to become an expert in this field, and there is a scarcity of qualified faculty to train in the subjects. Moreover, there are limited branches of engineering that focus on robotics. This is a direct restraining factor for the food robotics market as the development of adequate skilled manpower is likely to be achieved only in the long run.

Most food manufacturers are reluctant to adopt automated processes due to the installation cost over and above the price of the robot. The added cost to turn the individual robots into a comprehensive robotic system, peripheral equipment such as safety barriers, sensors, programmable logic controllers (PLC), human-machine interface (HMI), and safety systems pose challenges for market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=205881873

The beverage segment, by end-use industry, accounted for the largest market share in 2016

The beverage subsegment of the food robotics segment by end-use industry had the largest market share in 2016. This is due to increased adoption of robots by beverage manufacturers to perform packaging, repackaging, and palletizing functions efficiently. They are used for packaging of beverages in polyethylene terephthalate (PET) & Clarified Polypropylene (PP) bottles, glass bottles, cans, and jars of various capacities, sizes, and shapes.

The Asia-Pacific region is projected to have the highest CAGR from 2017 to 2022

The Asia-Pacific region is projected to have the highest CAGR during the forecast period. The countries covered in the Asia-Pacific region is projected to be the fastest-growing market for food robotics due to the demand for ready-to-eat products has increased rapidly among consumers. The packaged food consumption growth increased due to urbanization in the Asia-Pacific region.

The key players in the food robotics market include:

  • ABB Group (Switzerland)
  • KUKA AG (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • Kawasaki Heavy Industries Ltd. (Japan)
  • Rockwell Automation, Incorporated (U.S.)
  • FANUC Corporation (Japan)
  • Seiko Epson Corporation (Japan)
  • Yaskawa Electric Corporation (Japan)
  • Staubli International AG (Switzerland)
  • Mayekawa Mfg. Co. Ltd. (Japan)
  • Universal Robots A/S (Denmark)
  • Bastian Solutions Incorporated (U.S.)

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=205881873

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

Matched content

Editor’s pick

Express Press Release Distribution