Report ID: SQMIG30C2147
Report ID:
SQMIG30C2147 |
Region:
Global |
Published Date: April, 2024
Pages:
201
|
Tables:
125 |
Figures:
78
Global Food Robotics Market size was valued at USD 3.2 Billion in 2022 and is poised to grow from USD 3.58 Billion in 2023 to USD 8.87 Billion by 2031, growing at a CAGR of 12% in the forecast period (2024-2031).
The pervasiveness of technology has changed many industries as companies seek to improve production efficiency to drive profitability. New age technologies like Internet of Things (IoT), Machine Learning, Data Analytics, Artificial Intelligence (AI), Digital Twin etc. are used to achieve better business processes. These digital technologies have given the food and beverage industry increased as companies help food manufacturers achieve higher levels of safety, can reduce production costs, increase research capabilities, and reduce risks in all stages of food packaging and manufacturing. This will create entry opportunities in food robotics, leading to growth of the global food robotics market.
Recently, digitization has been another buzz word making automation easier. Artificial intelligence is being used to improve business efficiency by increasing employee productivity. Additionally, several regulations suitable for digitization have been established to determine its application in the F&B sector. For example, the U.S. The FDA Food Safety Modernization Act mandates food manufacturers to comply with the principles of Hazard Assessment and Critical Control (HACCP) by using ERP systems to update and modernize their processes Databases Analysis for the HACCP process By monitoring and using technology, organizations can inspect their foods in real time with high visibility, thereby ensuring compliance based on food safety standards In that in this context, the increasing digitization of F&B industries is expected to impact food robot market growth in the future.
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Report ID: SQMIG30C2147