According to MarketsandMarkets, the global Food Robotics Market size is estimated to be valued at USD 1.9 billion in 2020 and projected to reach USD 4.0 billion by 2026, recording a CAGR of 13.1% during the forecast period.
Food science and technology have majorly contributed to the reduction in food safety risks. The increase in food safety concerns is encouraging manufacturers to improve sanitation in the production process. The adoption of robots has further resulted in improved quality and system performance. The growing demand for ready-to-eat foods is projected to present numerous growth opportunities for mass adoption of robots in the food industry and investments in automation would also positively impact the growth of the food robotics market.
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However, lack of skilled workforce is a major restraining factor for the food robotics market. Additionally, the cost of installing robotic systems is comaritively higher, which is why manufacturers are reluctant to adopting automated systems. This is challenging to the growth of the food robotics market.
The articulated robots segment is the largest segment by type of robots in the food robotics market. Articulated robots offer range of motions and have a wide variety of payload capacities. Due to increased payload capacities, articulated robots are used in a variety of functions such as palletizing, packaging and assembly in food processing. This is one of the major factors responsible for the growth of articulated robots.
By payload, medium payload capacity is projected to hold the largest market share. With the increase in automation of processes in various industries, manufacturers are offering robots of different payload capacities.The robots in the medium payload capacity are multi-purpose and can be used for different food processing functions. The medium payload capacity robots offer a certain degree of flexibility in order to cater to the changing manufacturing needs, thereby driving its demand in the food robotics market.
In terms of geographical coverage, the food robotics market has been segmented into five regions, namely, North America, Asia Pacific, Europe, South America and Rest of the World which includes South Africa, the Middle East, and other countries in Africa. Europe is projected to dominate the market during the forecast period owing to the high level of investment in research and development of the robotic technology in countries such as Italy and Germany. Emerging markets in upcoming economies such as the Asia Pacific and South American countries are going to be potential markets for the food robotics manufacturers.
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