Food Robotics Market to Hit $3.1 Billion by 2025
The Spoon | April 29, 2019
One of the big reasons we put on our ArticulATE food robotics conference earlier this month, was that we could see the rise in automation throughout the food stack. Now Meticulous Research projects some numbers for that growth, with a report out today saying the size of the global food robotics market will hit $3.1 billion by 2025, growing at a CAGR of 12.7 percent between 2019 and 2025.
According to the press announcement, there are a number of factor that will drive this growth, including: increasing food safety regulations, rising demand for advanced food packaging, growing demand to improve productivity, increasing production of low-cost robots, increase in investments for automated solutions in food industry, and growing demand for reducing production cost and increasing food shelf-life leading to increased adoption of robotic systems.