The global food robotics market is projected to reach a value of US$ 2.47 billion in 2023, with a compound annual growth rate (CAGR) of 12% between 2023 and 2033, according to a research report by Fact.MR. Food robotics involves the use of robots and automation solutions to enhance various aspects of food production, processing, packaging, and distribution. This technology provides numerous benefits such as increased efficiency, reduced labor costs, improved food safety, and the ability to meet consumers’ demands for high-quality and consistent food products.
The applications of food robotics systems are extensive, including food manufacturing, processing, quality control, and robotic food delivery. These systems are in high demand due to issues such as labor shortages and the need for more sustainable food production practices while adhering to stringent food safety requirements.
The global market for food robotics is expected to reach US$ 7.8 billion by the end of 2033. Asia Pacific and Europe together account for 58% of worldwide revenue from low payload food robotics. Significant growth rates are predicted for the market in Asia Pacific, Latin America, the Middle East, and Africa during the forecast period.
The adoption of digitization in the food industry is driving the sales of food robotics solutions. As the industry undergoes digital transformation, food robotic systems play a crucial role in smart production environments. These systems allow for the integration of technologies such as IoT, data analytics, and automation, optimizing processes, improving product quality, and increasing overall efficiency.
The rising preference for packaged food has also contributed to the growth of the food robotics market. With changing lifestyles and dietary preferences, more people are opting for ready-to-eat meals and processed foods. Food robotic systems can automate various packaging operations, ensuring that packaged food products are produced efficiently and consistently. They minimize human touch, lower the risk of contamination, and improve the shelf-life and freshness of packaged foods.
The competitive landscape of the food robotics market includes established competitors, innovative startups, and global companies specializing in automation and robotics. These entities continually strive for technological advancements, tailor solutions to meet industry requirements, and prioritize food safety, quality, and efficiency. The increasing demand for automation in the food sector is expected to intensify competition and drive further innovation and industry expansion.
Sources: Fact.MR