Global Food Robotics Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Cutting edge technology is being applied in food robotics to update the food processing and packaging sector by automating tasks like sorting items and packaging them securely to prevent contamination and ensure food safety. A critical priority, in the industry.
Market Key Insights
- The Food Robotics market is projected to grow from $2.9 billion in 2024 to $15.6 billion in 2034. This represents a CAGR of 18.4%, reflecting rising demand across Food Processing and Packaging, Food Serving and Automated Cooking.
- Moley Robotics, ABB Group, Schneider Electric SE are among the leading players in this market, shaping its competitive landscape.
- U.S. and Japan are the top markets within the Food Robotics market and are expected to observe the growth CAGR of 17.7% to 25.8% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 13.8% to 19.1%.
- Transition like Intrusion of Automation is expected to add $1.8 billion to the Food Robotics market growth by 2030
- The Food Robotics market is set to add $12.7 billion between 2024 and 2034, with manufacturer targeting Cartesian & Parallel Type projected to gain a larger market share.
- With Advancement in automation technology, and Increasing demand for processed foods, Food Robotics market to expand 441% between 2024 and 2034.
Opportunities in the Food Robotics
The unexplored opportunities in up and coming markets like India, China and Brazil could serve as a driving force for the advancement of the food robotics sector. The paced urban development, growing incomes and heightened industry focus on improving food safety regulations, in these nations are setting the stage for wider approval and integration of food robotics technology.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Advancement in Automation Technology, and Strict Food Safety Regulations
With people leading lives than ever before there has also been a noticeable move towards convenient ready to eat processed foods in the market. This change is also spurring the need for food robotics as companies aim to keep up with the growing demand for processed foods by enhancing production efficiency. Businesses are also utilizing robotics for tasks such, as processing ingredients assembling products, packaging items and even serving customers, which is also fueling the expansion of the market.
Restraint: High Investment Cost
Opportunity: Automation in Food Processing and Technological Innovations in Food Robotics
The food robotics industry is experiencing a surge of creativity due to the rise of cutting edge technologies like intelligence and ML as well as the integration of IoT in automation processes nowadays. These breakthroughs have empowered robots to perform duties like cooking meals and serving customers or even tidying up spaces with little need for human involvement. The ongoing progress in technology presents a multitude of possibilities for expansion, within this market sector.
Challenge: Skill Gap and Technological Complexities
Supply Chain Landscape
ABB Robotics
Kawasaki Heavy Industries
Fanuc Corporation
Yaskawa Electric Corporation
Midea Group
Seiko Epson Corporation
Restaurant Automation
Precision Farming
Dairy Management
ABB Robotics
Kawasaki Heavy Industries
Fanuc Corporation
Yaskawa Electric Corporation
Midea Group
Seiko Epson Corporation
Restaurant Automation
Precision Farming
Dairy Management