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DUBLIN, Oct. 15, 2021 /PRNewswire/ — The “Food Robotics Market by Type, Payload, Application, End Use, and Geography – Global Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The food robotics market is expected to reach USD 2.02 billion by 2028, at a CAGR of 11.6 % during the forecast period, 2021-2028.
This market’s growth is mainly attributed to increasing food safety regulations, rising investments in robots for the food industry, growing adoption of digitalization across the food & beverage industry, growing focus on efficient food packaging. Moreover, the increasing adoption of robots in emerging economies is expected to stimulate this market’s growth.
Based on type, the collaborative robots segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the specialty of working in humid greenhouses, from refrigerated rooms to tending hot ovens, relieving employees from repetitive tasks that can cause injury in unfavorable environments. Collaborative robots have the potential to identify, align and place products with the pick-and-place action. Moreover, it supports several tasks along with quality analysis, which drives demand for these robots.
Based on payload, the low payload segment is expected to grow at the highest CAGR during the forecast period. Low payload robots are preferred due to their compact design that allows operating in the limited workspace.
Based on application, the packaging and repacking segment is expected to grow at the highest CAGR during the forecast period.
Based on end use, the beverages segment is projected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing need to cater to consumer demand, maintain quality, consistency, and hygiene, and optimize production.
Geographically, the Asia-Pacific food robotics market is expected to grow at the fastest CAGR during the forecast period. The high growth of the food robotics market is attributed to the rising concerns regarding food hygiene and lifestyle that have directed the population towards ready-to-eat and packaged food items. The increase in consumer income has fueled the demand for advanced packaged food and beverages across the region.
Key Questions Answered in the Report
Market Dynamics
Drivers
Restraint
Opportunities
Challenges
The key players operating in the food robotics market are
For more information about this report visit https://www.researchandmarkets.com/r/ilcbnh
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