Food Robotics Market Report, Size 2021: Global Trends, Top Players Updates - UMI

A comprehensive overview of the Food Robotics market is recently added by UnivDatos Market Insights to its humongous database. The Food Robotics report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Food Robotics market. Food Robotics report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Food Robotics at the global and regional levels. Global Food Robotics Market was valued at US$ 2.1 Billion in 2020 and is anticipated to reach US$ 4.9 Billion by 2027 displaying an elevated CAGR of 13% over the forecast period (2021-2027).

Market Overview

The market for Food Robotics is witnessing an uptick on account of thee the rising number of diabetic neuropathy cases, lifestyle changes, demand to reduce the risk of a foot injury. As per the world bank, About 422 million people worldwide have diabetes, the majority living in low-and middle-income countries, and 1.6 million deaths are directly attributed to diabetes each year. Moreover, an estimated 1.5 million deaths were directly caused by diabetes in 2019.

Automation, leveraging artificial intelligence and other technologies have opened ample opportunities in various industrial verticals inclusive of the food sector. It has been estimated that in 2018, around 57% of 1,300 institutions have adopted artificial intelligence while around 18% were planning to enter the respective arena in 2019. The ability to deliver faster service, increased flexibility, and scalability, improved quality coupled with greater traceability, and increased savings and productivity have enhanced the adoption of robotics in the food sector.

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COVID-19 Impact

The COVID–19 pandemic has negatively impacted several industries, including industries engaged in food and beverages manufacturing. Due to the social distancing norms and regulations by the government. Many F&B industries were operating below capacity. Furthermore, in April and May 2020, worker illnesses from COVID-19 led to the shutdown of several large beef and pork packing plants, as roughly 40% of processing capacity was brought offline in the United States.

Also, the shortages of food items and price hikes were registered. As per Brain Corp, a firm that designs software used in automated floor cleaners, autonomous floor care robot usage has risen in recent months to about 8,000 hours of daily work, a 13% increase from pre-pandemic use.

The Food Robotics Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into

• Articulated
•  Cartesian
•  SCARA
•  Parallel
•  Cylindrical
• Collaborative
• Other

The Articulated segment dominated the by-product segment and gathered XX% of the Food Robotics Market in 2020. Moreover, the market of this segment is expected to grow at XX% CAGR to reach US$ XX million by the year 2027.

By Payload, the market is primarily bifurcated into

• Low
• Medium
• High

The medium payload segment grabbed the major market share in 2020 dominated the segment. The segment gathered XX% of the Food Robotics Market in 2020. Moreover, the market of this segment is expected to grow at XX% CAGR to reach US$ XX million by the year 2027.

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By  Function, the market is primarily segmented into

• Palletizing
•  Packaging
•  Repackaging
•  Pick & Place
•  Processing
• Other

Based on the function, the market is fragmented into Palletizing,  Packaging,  Repackaging,  Pick & Place,  Processing, and Others. The Palletizing segment accounted for the largest share and is expected to grow at XX% CAGR during the forecast period 2021-2027. In 2020, the Palletizing segment generated a revenue of US$ XX million.

Food Robotics Market Geographical Segmentation Includes:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Based on the estimation, the North America region grabbed XX% market share in 2020 and gathered almost US$ XX million in revenue in 2020. The market of the region would proliferate owing to the surging end-users demand for clean label processed and packaged food.

The major players targeting the market includes

• ABB Group
• Kawasaki Heavy Industries Ltd.
• Rockwell Automation Incorporated
• Mitsubishi Electric Corporation
• Fanuc Corporation
• Yaskawa Electric Corporation
• Kuka AG
•  Seiko Epson Corporation
• Staubli International AG
• Universal Robotics A/S

Competitive Landscape

The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in Food Robotics Market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.