Market Overview:
The food robotics market refers to the use of automated machines and robots in food processing and preparation. The market is driven by several factors such as the growing demand for processed foods, increasing awareness regarding food safety and hygiene, and the need for increased productivity and efficiency in the food industry. Food robotics technology has seen significant advancements in recent years, with the development of robots that can handle delicate food items, slice and dice vegetables, mix ingredients, and even cook meals. These robots are also equipped with sensors and cameras that enable them to detect and respond to changes in temperature, moisture, and other environmental factors.
The food robotics market is expected to grow significantly in the coming years, with a projected CAGR of 12.8% from 2021 to 2028. The market is driven by several factors, including the need for increased productivity and efficiency in the food industry, the growing demand for processed foods, and the increasing adoption of automation and robotics in various industries. The market is segmented into various categories based on application, such as food processing, packaging and repackaging, and quality control and inspection. The food processing segment is expected to dominate the market due to the increasing demand for processed foods and the need for increased efficiency in food processing.
The key players in the food robotics market include ABB Ltd., Fanuc Corporation, Kuka AG, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Rockwell Automation, Inc., Staubli International AG, Mitsubishi Electric Corporation, Mayekawa Mfg. Co., Ltd., and Universal Robots A/S. These companies are focused on developing innovative and advanced food robotics solutions to meet the growing demand in the market. Overall, the food robotics market is expected to see significant growth in the coming years, driven by the need for increased productivity, efficiency, and food safety in the food industry.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the food robotics market. On one hand, the pandemic has highlighted the importance of automation and robotics in the food industry, as it has become increasingly important to reduce human contact and ensure food safety and hygiene. On the other hand, the pandemic has also led to supply chain disruptions and reduced demand for certain food products, which has affected the growth of the market.
During the pandemic, there has been an increased demand for certain types of food products, such as frozen foods and packaged meals, which has driven the adoption of food robotics technology in food processing and packaging. Additionally, robots have been used to disinfect food production facilities and ensure the safety of workers.
However, the pandemic has also led to supply chain disruptions, which has affected the availability of certain types of food products and slowed down the growth of the food robotics market. Additionally, the economic downturn caused by the pandemic has led some companies to postpone investments in robotics and automation.
Overall, the impact of the COVID-19 pandemic on the food robotics market has been mixed, with both positive and negative effects. However, the long-term trend towards automation and robotics in the food industry is expected to continue, driven by the need for increased productivity, efficiency, and food safety.
Market Dynamics:
Drivers:
There are several drivers that are contributing to the growth of the food robotics market, including:
Overall, these drivers are expected to continue to contribute to the growth of the food robotics market in the coming years.
Regional Analysis:
The food robotics market can be analyzed regionally, based on the adoption of food robotics technology in different parts of the world.
Overall, the food robotics market is a global market, with significant growth potential in all regions of the world. The market is driven by several factors, including the increasing demand for processed foods, the need for increased efficiency and productivity, and a growing focus on food safety and hygiene.
Market Segmentation:
The food robotics market refers to the use of robots and automation technology in the food industry. This can include everything from food processing and packaging to restaurant automation and meal preparation.
The food robotics market can be segmented by application, industry, and geography.
The food robotics market is expected to grow rapidly in the coming years, driven by increasing demand for efficiency, precision, and consistency in the food industry. Some of the key players in the market include ABB Group, FANUC Corporation, KUKA AG, Yaskawa Electric Corporation, and Kawasaki Heavy Industries Ltd.
Competitive Landscape:
The food robotics market refers to the application of robotics technology in the food industry, from food processing and packaging to food service and delivery. The market is expected to grow significantly in the coming years, driven by increasing demand for automated solutions in the food industry to improve efficiency, reduce costs, and ensure food safety and quality.
Some key players in the food robotics market include:
These companies provide a range of food robotics solutions, including robotic arms and grippers, automated packaging and palletizing systems, and autonomous mobile robots for food delivery and logistics.
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
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Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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