Food Robotics Market

Executive Summary

Food Robotics Market was valued at US $2.14 billion in 2021 and is projected to grow at 12.79% CAGR over the forecast period to reach US $4.41 billion by 2027. Food Robotics Market represented US $0.46 billion opportunity over 2019-2021 and estimated to create US $2.27 billion opportunity in 2027 over 2021.

Food Robotics from Consainsights analyses the Food Robotics Market in the Technology & Media industry over the forecast period to 2027.

Food Robotics research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Food Robotics segmentation includes Type, Payload, Application, End-Use Industry, Region and Geography.

Based on the Type, the Food Robotics analysis covers Articulated, Cartesian, Scara, Parallel, Cylindrical, Collaborative, Others.

In Type segment, Articulated segment has highest cagr growth of 11.29%.

Based on the Payload, the Food Robotics analysis covers Medium, Low, Heavy.

In Payload segment, Medium segment has highest cagr growth of 11.29%.

Based on the Application, the Food Robotics analysis covers Palletizing, Packaging, Repackaging, Pick & Place, Processing, Other Applications.

In Application segment, Palletizing segment has highest cagr growth of 11.29%.

Based on the End-Use Industry, the Food Robotics analysis covers Beverage, Meat, Poultry, and Seafood, Dairy, Bakery, Fruits & Vegetables, Confectionery, Other End-Use Industries.

In End-Use Industry segment, Beverage segment has highest cagr growth of 11.29%.

Based on the Region, the Food Robotics analysis covers North America, Europe, Asia-Pacific, Rest of the World (RoW).

In Region segment, North America segment has highest cagr growth of 11.29%.

Based on the region, the Food Robotics analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Mitsubishi Electric Corporation, ABB Group, Kawasaki Heavy Industries Ltd., Rockwell Automation Incorporated, Fanuc Corporation, Kuka AG, Seiko Epson Corporation, Yaskawa Electric Corporation, Staubli International AG, Mayekawa Mfg. Co., Ltd, Universal Robotics A/S, Bastian Solutions Inc. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Articulated segment has the highest revenue of US $0.86 billion and is expected to grow at CAGR of 11.29% by 2027 Articulated segment has highest cagr growth of 11.29%.

Articulated

Articulated segment was valued at US $0.68 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.78 billion by 2027. Articulated segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $0.91 billion opportunity in 2027 over 2021.

Cartesian

Cartesian segment was valued at US $0.43 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.13 billion by 2027. Cartesian segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.58 billion opportunity in 2027 over 2021.

Scara

Scara segment was valued at US $0.26 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.67 billion by 2027. Scara segment represented US $0.07 billion opportunity over 2019-2021 and estimated to create US $0.35 billion opportunity in 2027 over 2021.

Parallel

Parallel segment was valued at US $0.14 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.37 billion by 2027. Parallel segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.19 billion opportunity in 2027 over 2021.

Cylindrical

Cylindrical segment was valued at US $0.10 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.27 billion by 2027. Cylindrical segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.14 billion opportunity in 2027 over 2021.

Collaborative

Collaborative segment was valued at US $0.04 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.12 billion by 2027. Collaborative segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.06 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.03 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.08 billion by 2027. Others segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.04 billion opportunity in 2027 over 2021.

Payload

Introduction

In 2021, Medium segment has the highest revenue of US $1.28 billion and is expected to grow at CAGR of 11.29% by 2027 Medium segment has highest cagr growth of 11.29%.

Medium

Medium segment was valued at US $1.01 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $2.64 billion by 2027. Medium segment represented US $0.27 billion opportunity over 2019-2021 and estimated to create US $1.36 billion opportunity in 2027 over 2021.

Low

Low segment was valued at US $0.61 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.61 billion by 2027. Low segment represented US $0.17 billion opportunity over 2019-2021 and estimated to create US $0.83 billion opportunity in 2027 over 2021.

Heavy

Heavy segment was valued at US $0.06 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.17 billion by 2027. Heavy segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.09 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Palletizing segment has the highest revenue of US $0.85 billion and is expected to grow at CAGR of 11.29% by 2027 Palletizing segment has highest cagr growth of 11.29%.

Palletizing

Palletizing segment was valued at US $0.67 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.76 billion by 2027. Palletizing segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $0.90 billion opportunity in 2027 over 2021.

Packaging

Packaging segment was valued at US $0.41 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.07 billion by 2027. Packaging segment represented US $0.11 billion opportunity over 2019-2021 and estimated to create US $0.55 billion opportunity in 2027 over 2021.

Repackaging

Repackaging segment was valued at US $0.24 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.63 billion by 2027. Repackaging segment represented US $0.07 billion opportunity over 2019-2021 and estimated to create US $0.32 billion opportunity in 2027 over 2021.

Pick & Place

Pick & Place segment was valued at US $0.19 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.50 billion by 2027. Pick & Place segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.25 billion opportunity in 2027 over 2021.

Processing

Processing segment was valued at US $0.11 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.29 billion by 2027. Processing segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.15 billion opportunity in 2027 over 2021.

Other Applications

Other Applications segment was valued at US $0.07 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.17 billion by 2027. Other Applications segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.09 billion opportunity in 2027 over 2021.

End-Use Industry

Introduction

In 2021, Beverage segment has the highest revenue of US $0.85 billion and is expected to grow at CAGR of 11.29% by 2027 Beverage segment has highest cagr growth of 11.29%.

Beverage

Beverage segment was valued at US $0.67 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.75 billion by 2027. Beverage segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $0.90 billion opportunity in 2027 over 2021.

Meat, Poultry, and Seafood

Meat, Poultry, and Seafood segment was valued at US $0.42 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.11 billion by 2027. Meat, Poultry, and Seafood segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.57 billion opportunity in 2027 over 2021.

Dairy

Dairy segment was valued at US $0.24 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.64 billion by 2027. Dairy segment represented US $0.07 billion opportunity over 2019-2021 and estimated to create US $0.33 billion opportunity in 2027 over 2021.

Bakery

Bakery segment was valued at US $0.15 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.40 billion by 2027. Bakery segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.21 billion opportunity in 2027 over 2021.

Fruits & Vegetables

Fruits & Vegetables segment was valued at US $0.09 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.24 billion by 2027. Fruits & Vegetables segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.12 billion opportunity in 2027 over 2021.

Confectionery

Confectionery segment was valued at US $0.04 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.10 billion by 2027. Confectionery segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.05 billion opportunity in 2027 over 2021.

Other End-Use Industries

Other End-Use Industries segment was valued at US $0.06 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.16 billion by 2027. Other End-Use Industries segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.08 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, North America segment has the highest revenue of US $1.14 billion and is expected to grow at CAGR of 11.29% by 2027 North America segment has highest cagr growth of 11.29%.

North America

North America segment was valued at US $0.90 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $2.35 billion by 2027. North America segment represented US $0.24 billion opportunity over 2019-2021 and estimated to create US $1.21 billion opportunity in 2027 over 2021.

Europe

Europe segment was valued at US $0.38 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $1.01 billion by 2027. Europe segment represented US $0.10 billion opportunity over 2019-2021 and estimated to create US $0.52 billion opportunity in 2027 over 2021.

Asia-Pacific

Asia-Pacific segment was valued at US $0.34 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.90 billion by 2027. Asia-Pacific segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.46 billion opportunity in 2027 over 2021.

Rest of the World (RoW)

Rest of the World (RoW) segment was valued at US $0.06 billion in 2019 and is projected to grow at 11.29% CAGR over the forecast period to reach US $0.15 billion by 2027. Rest of the World (RoW) segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.08 billion opportunity in 2027 over 2021.