The Food Robotics Market is expected to grow at a CAGR of 11.6% from 2021 to 2028 to reach USD 2.02 billion by 2028.
The transformation of the F&B sector with the adoption of automated technologies and the rising demand for high-quality and ready-to-eat food is driving the food robotics market. The need for productivity and efficiency in the food processing activities such as palletizing, packaging, and grading to achieve food safety standards is a major factor supporting the demand for robotics in this sector.
Navigating Through the COVID-19 Impact
The global COVID-19 pandemic has inflicted unprecedented challenges on various sectors, and the F&B industry is no exception. Lockdown measures and supply chain disruptions led to the temporary closure of F&B processing plants, resulting in a significant disruption in the supply chain. This disruption was compounded by panic buying, travel restrictions, and labor shortages, causing a ripple effect across the entire ecosystem.
Amidst these challenges, major robot manufacturing companies witnessed a decline in revenue during the initial phases of the pandemic. Economic slowdowns induced by lockdowns and decreased demand for automation exacerbated the situation, impacting the food robotics market's revenue in the first two quarters of 2020.
Key Players Shaping the Landscape
Several key players are at the forefront of driving innovation within the food robotics market. Companies such as ABB Ltd, Fanuc Corporation, and Yaskawa Electric Corporation are pioneering advancements in robotics technology, catering to the evolving needs of the F&B industry. With a focus on enhancing efficiency, safety, and quality, these players are instrumental in shaping the future of food processing.
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Key Questions Answered in the Report-
• Which are the high growth market segments in terms of type, payload, application, end use, and geography?
• What is the historical market size for the food robotics market across the globe?
• What are the market forecasts and estimates for the period 2021-2028?
• What are the major drivers, restraints, opportunities, and challenges in the food robotics market?
• Who are the major players in the market, and what are their market shares?
• Who are the major players in various countries?
• How is the competitive landscape for the food robotics market?
• What are the recent developments in the food robotics market?
• What are the different strategies adopted by the major players in the market?
• Which are the high-growth countries in the food robotics market?
• Who are the local emerging players in the food robotics market, and how do they compete with other players?
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