Food robotics market worth $4bn by 2026
The global food robotics market size, which was estimated to be valued at US$1.9bn last year, is projected to reach US$4bn by 2026.
The demand for food robotics is increasing significantly owing to surging demand for food. This in turn is driven by an increasing population and demand for enhanced productivity in food processing.
The findings come from a new market research report "Food Robotics Market by Type (Articulated, Cartesian, SCARA, Parallel, Collaborative, Cylindrical), Payload (Heavy, Medium, Low), Function (Palletizing, Packaging, Repackaging, Picking, Processing), Application and Region - Trends & Forecast to 2026" and was published by MarketsandMarkets.
In particular, the beverage industry is projected to witness significant growth during the forecast period. Here the growing demand for robots for packaging and repackaging function is projected to drive the demand for food robotics. The growth in packaged beverages is further projected to contribute to food robotics systems.
What’s more, the European food robotics market is driven by high investment in research and development with regard to technology, along with the rise in demand for packed, ready-to-cook and high-quality food products.
Leading companies in the sector include ABB (Switzerland), KUKA (Germany), Fanuc (Japan), Kawasaki Heavy Industries (Japan), Rockwell Automation (US), Mitsubishi Electric (Japan), Yasakawa Electric (Japan), Denso (Japan), Nachi-Fujikoshi (Japan), OMRON (Japan), Universal Robots (Denmark), Staubli International (Switzerland), Bastian Solutions (US), Schunk(Germany), Asic Robotics (Switzerland), Mayekawa (Japan), Apex Automation & Robotics (Australia), Aurotek (Taiwan), Ellison Technologies (US), Fuji Robotics (Japan) and Moley Robotics (UK).