Mon. Oct 2nd, 2023
    Global Food Robotics Market Expected to Reach $5.3 Billion by 2030, with a CAGR of 12.5%

    The global food robotics market is projected to experience significant growth in the coming years, with a CAGR of 12.5% from 2022 to 2030. According to VMR research, the market is expected to reach $5.3 billion by the end of 2030, up from $2.1 billion in 2022.

    The growth of the food robotics industry can be attributed to several factors. Firstly, the outbreak of the COVID-19 pandemic has led to increased demand for automation in the food industry. Companies are looking for ways to minimize human contact and ensure the safety of their workers. This has led to a greater adoption of robotics and automation technologies in food processing and packaging.

    Furthermore, advancements in robotics technology and artificial intelligence have made it possible to develop more sophisticated and efficient robotic systems for the food industry. These robots can perform tasks such as sorting, picking, packing, and palletizing with a high degree of precision and speed. They can also handle delicate food products without causing damage, which is crucial for maintaining product quality.

    The report also highlights key players in the food robotics market, including ABB Group, KUKA AG, Fanuc Corporation, and Kawasaki Heavy Industries Ltd. These companies are investing in research and development to create innovative robotic solutions that can address the specific needs of the food industry.

    In conclusion, the global food robotics market is poised for significant growth in the coming years. The increasing demand for automation, advancements in robotics technology, and the need for improved food safety and efficiency are driving the market forward. With a projected CAGR of 12.5%, the market is expected to reach $5.3 billion by 2030.

    – VMR research
    – Vantage Market Research

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