Sustainable Growth Opportunities in the Textured Vegetable Protein Market

According to a research report "Textured Vegetable Protein Market by Type (Slices, Chunks, Flakes, and Granules), Source (Soy, Wheat, and Pea), Application (Meat Alternatives, Cereals & Snacks), Form (Dry and Wet), Nature and Region - Global Forecast to 2027" published by MarketsandMarkets, the global textured vegetable protein market is estimated to be valued at USD 1.4 billion in 2022. It is projected to reach USD 1.9 billion by 2027, recording a CAGR of 6.9% during the forecast period.

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Shifting demand patterns are guiding the change in the dynamics of the food & beverage industry across the globe. Developing regions are witnessing a transformation within the industry. Also, the growing urbanization and rising incomes, alongside the availability of innovative products and technology, have the potential to transform the bell curve of the market from price-sensitive to a quality-conscious consumer base. The younger demographic has shifted its attention towards nutrition content and brand value, increasing its willingness to experiment with products. Additionally, international travel and exposure to global products and brands have enhanced their awareness, very evident in their purchase choices and behavior.

 

Food manufacturers in Europe have been focusing on new product developments concerning meat alternatives with better texture, appearance, flavor, and composition to attract more potential consumers.

 

The European market has been a strong region for textured vegetable protein. The changes in consumption patterns among consumers and manufacturers’ inclination toward developments in meat alternatives have been propelling the growth in the region. According to an article shared by Green Queen Media, in 2021, the number of vegans in Europe doubled from 1.3 million to the current estimated figure of 2.6 million, representing 3.2% of the population. The growing vegan population in western European countries, such as the UK, France, and Germany, showcase robust growth prospects for manufacturers seeking to focus on product developments to grow their product portfolios.

 

The market for textured vegetable proteins in Europe has been driven by its use in food applications, such as meat alternatives and bakery products majorly sourced from soy and pea. The emergence of newer manufacturers of various food applications has been adopting textured vegetable proteins as a viable substitute, resulting in a growing number of product launches in the region.

 

Due to allergen free nature and high protein content of pea, textured pea protein is used across different product categories hence driving its growth

 

Textured pea protein is a regenerative product cultivated from peas to produce high-protein, plant-based meat alternatives. Textured pea protein is natural gluten and soy-free product with an appealing taste and texture, which makes it a perfect complement to common ingredients in a wide array of applications, such as plant-based meat, cereals, and snacks. It is a suitable contender to textured soy products due to its allergen-friendly nature—its functional characteristics allowing its use across different product categories—and minimal concerns for genetic modifications. Textured pea protein is a high-quality protein and a great source of iron. It can aid muscle growth, weight loss, and heart health.

 

The extrusion technique used to provide texture and form to the textured vegetable protein have became popular.

 

Commercially, extrusion cooking is the only feasible continuous processing platform to obtain textured vegetable proteins. Emerging technologies such as the Power Heater by the Source Technology (Denmark) involve thermal cooking rather than mechanical energy inputs to obtain moistened, soft plant-based textures. Certain technologies as shear-cell processing and cultured products exist, however the commercial viability of these technologies is still under the scanner. High-moisture extrusion technology is applied in the processing of textured plant protein meat analogs. Players across the supply chain are introducing technologically advanced features to promote the textured vegetable protein market.

 

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Customizable flavor options and sizes adding to popularity of textured chunks among vegan consumers

 

Textured vegetable protein chunks are high in protein and are made from multiple sources, such as soy, pea, and wheat. They are used as a meat substitute, which is an ideal solution for vegans, vegetarians, and flexitarians. Textured vegetable protein chunks are offered in various forms, such as regular and mini chunks. They can be used in various food applications, such as plant-based meat and other consumer applications. They are made from de-fatted flour that is compressed and processed into chunks, which comprise 50% of the protein content. Chunks offered by textured vegetable protein manufacturers range from 2.7 mm to 23 mm in size. Textured protein chunks are also often consumed as a part of soups and stews due to their texture and can be substituted for meat with the availability of different flavor types.

 

The key players in this market include ADM (US), Roquette Frères (France), Ingredion (US), DuPont (US), The Scoular Company (US), Beneo (Germany), Cargill, Incorporated (US), MGP (US), Shandong Yuxin Biotechnology Co. Ltd. (China), Axiom Foods, Inc., (US), Foodchem International Corporation (China), PURIS (US), Kansas Protein Foods (US), and DSM (Netherlands).

Plant-based Beverages Market Will Hit Big Revenues In Future

 The report "Plant-based Beverages Market by Source (Almond, Soy, Coconut, and Rice), Type (Milk and Other Drinks), Function (Cardiovascular health, Cancer prevention, Lactose intolerance, and Bone health) and Region - Global Forecast to 2023", The plant-based beverages market is estimated at USD 11.16 billion in 2018 and is projected to reach USD 19.67 billion by 2023, growing at a CAGR of 12.0% from 2018 to 2023.

 

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Based on the source, the global market for plant-based beverages has been segmented into almond, soy, coconut, and rice. The almond segment dominated the market, in terms of value, in 2017. North America is one of the key markets for almond milk, owing to high almond production in this region. The Asia Pacific region is expected to be a major revenue-generating pocket for almond milk, owing to increased urbanization and the increasing number of high-income groups in the region. Consumers in this region are shifting toward natural and healthy food options to cope with their hectic lifestyles. This, in turn, has boosted the sales for plant-based beverages.

 

Based on type, the plant-based beverages market has been segmented into milk and other drinks. The milk segment is estimated to account for the larger share in the market for plant-based beverages in 2018. The increased demand for non-dairy milk, amidst the growing health concerns, has urged consumers to look out for alternate food options. Apart from this, the rising level of lactose intolerance, especially in the Asia Pacific population, is expected to be a major revenue pocket for plant-based beverage manufacturers in the coming years.

 

In 2018, Asia Pacific is estimated to occupy the largest share of the global plant-based beverages market, in terms of value and volume. The region consists of key revenue generating countries, China & Thailand, which have a large consumer base for plant-based beverages; with China having one of the largest lactose intolerant population.

 

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The high price is one of the major challenges that manufacturers in the market face.  Plant-based beverages can be easily purchased by consumers in developed countries; but in the developing countries, this remains a challenge.

 

The plant-based beverages market is dominated by key players such as United Technologies (US), Daikin Industries (Japan), Ingersoll-Rand (Ireland), China International Marine Containers (China), Utility Trailer (US). Other key players include Singamas Container (China), Hyundai (South Korea), Schmitz Cargobull (Germany), Fahrzeugwerk Bernard Krone (Germany), Lamberet (France), Kögel Trailer (Germany), Great Dane (US), Webasto (Germany), and Wilhelm Schwarzmuëller (Austria). Innovative new product launches, strategic acquisitions, expansions, joint ventures, and partnerships were the key strategies adopted by these players to enhance their product offerings and to capture a larger market share, which has increased the demand for plant-based beverages.

Precision Fermentation Market: Growth Opportunities and Recent Developments

 The report "Precision Fermentation Market by Ingredient (Whey & Casein Protein, Egg White, Collagen Protein, Heme Protein), Microbe (Yeast, Algae, Fungi, Bacteria), Application (Meat & Seafood, Dairy Alternatives, Egg Alternatives), & Region - Global Forecast to 2030" published by MarketsandMarkets, the global precision fermentation market size is estimated to be valued at USD 1.6 billion in 2022 and is projected to reach USD 36.3 billion by 2030, recording a CAGR of 48.1% in terms of value. Production of precision-fermented ingredients with a less carbon footprint is expected to drive the precision fermentation market.

 

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The meat & seafood segment is projected to grow at the highest CAGR in the precision fermentation market

 

Plant-based meat products are meat alternatives derived from plant sources such as soy, wheat, and pea. They mimic the properties of animal meat in terms of taste and texture. To imitate the properties of animal meat, plant-based proteins and fats are made of mushrooms, fungi, algae, soy, wheat, and pea and are widely used in meat alternatives via precision fermentation technology. They provide the same tenderness and juiciness as meat, in addition to providing a better nutritional profile.

 

The heme protein segment is projected to grow with the highest CAGR in the precision fermentation market

 

The heme protein segment will grow with the highest CAGR in the precision fermentation market based on ingredients. With the growing alternative protein sector, fermentation continues to witness a boost owing to strong technological advancements across all applications in the food industry. Fermentation is utilized to enhance the sensory and functional characteristics, accelerating the alternative protein space to attain the desired taste, identical to regular animal products.

 

The bacteria segment is anticipated to grow at the highest CAGR in the precision fermentation market

 

By microbe, the precision fermentation market is segmented into yeast, fungi, bacteria, and algae. Bacteria are mostly utilized in anaerobic fermentation to make organic acids and alcohols, as well as aerobic fermentation to produce enzymes. Lactic acid bacteria (LAB) are well-known natural fermenters for producing lactic acid, as well as Bacillus species such as B. subtilis, B. amyloliquefaciens, B. licheniformis, and B. megaterium for producing antibiotics, enzymes, biopolymers, and surfactins.

 

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The Asia Pacific region is projected to grow at the highest CAGR in the precision fermentation market during the forecast period

 

The key factors driving the Asia Pacific precision fermentation market are the changing lifestyles of consumers, the rapid growth of the middle-class population, and rising consumer awareness about health & fitness. Also, investments and expansions in the region drive the growth of the Asia Pacific market.

 

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Geltor (US), Perfect Day, Inc. (US), The Every Co. (US), Impossible Foods Inc. (US), and Motif FoodWorks, Inc. (US).

Pest Control Market Projected to Garner Significant Revenues by 2026

The report "Pest Control Market by Pest Type (Insects, Rodents, Termites), Control Method (Chemical, Mechanical, Biological), Mode of Application (Sprays, Traps, Baits), Application (Residential, Commercial, Industrial), and Region – Global Forecast to 2026" estimated at USD 22.7 billion in 2021; it is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026.

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Pest control has witnessed strong growth due to public health concerns and an increase in the frequency of pest infestations due to climate changes. In countries such as the US, strong regulatory requirements concerning pest control and environmental protection laws have helped bolster the market demand and attract service providers to set up business units. With the rise in demand and preference for a clean and pest-free environment, pest control manufacturers and service providers have been strategizing on coming up with innovative solutions for the market at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales. Manufacturers and distributors make the best of the Internet in spreading awareness about their products and services among target consumers and simultaneously generating revenue sales.

 

Insects sub-segment in by pest type segment is estimated to account for the largest share in the pest control market.

 

There are more than a million described species of insects, with 90% of all animal forms on earth consisting of insects. Insects such as mosquitoes, ants, cockroaches, and tiny moths destroy household materials and may cause ill-effects on the human body. Of the different types of insects, certain species are classified as pests and are controlled using chemicals, biologicals, and other mechanical means. The use of chemicals is the mainstream method to reduce losses caused by insect pests. Thus they are estimated to dominate the by pest type segment.

 

In by control method segment, the software and services sub-segment is projected to account for the fastest market growth in the pest control market.

 

The software & services segment plays an integral part in digital pest control solutions while implementing platforms and executing activities related to them. These services include consulting, integration, and support and maintenance, which are required to deploy, execute, and maintain pest control. AI and IoT are trending technologies that help improve smart pest monitoring and control. According to one of the primaries conducted in Bayer CropScience, India, “The use of advanced information technologies and connected traps are among the new solutions offered by companies such as the Bayer Rodent Monitoring System.

 

Sprays sub-segment by mode of application is projected to account for the largest market share of the pest control market over the forecast period.

 

Spray-based pest control solutions incorporate a liquid formulation which is deployed either in an aerosol form, or a pressurized spray container. The spraying requirements may differ based on the pest type, climate conditions in the region, and the type of chemical used. Spray formulations are used to control a wide array of pests, including flies, cockroaches, ants, scorpions, silverfish, spiders, bed bugs, and ticks. Residual sprays are considered effective as the pesticides are mixed with adjuvants such as surfactants, which allow the pesticide to remain in contact with the infested area or insect body for a limited time.

 

Industrial sub-segment by application is projected to account for the fastest market growth in the pest control market over the forecast period.

 

Pest control in factories and manufacturing units is mandatory in the US. The mandate may differ on a case-by-case basis. For instance, pest control requirements in pharmaceutical and food manufacturing units are stringent to prevent any type of contamination in the product. In industrial facilities, factories, and manufacturing plants, certain birds cause serious problems as they may get caught in the machinery or dig holes in the roofs. The rapid urbanization globally is driving the market growth of the segment.

 

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North America is estimated to dominate the global pest control market over the forecast period.

 

According to reports by major service providers, Rentokil Initial Plc (UK) and Anticimex (Sweden), North America occupies nearly 50% of the global pest control market. This is attributed to the increase in the number of services available in the US and a high rate of urbanization in the US and Canada. The strengthening of the housing market and a steadily improving economy have led to increased investments in both residential and commercial properties. These factors are driving the market in the region.

 

The key players in this market include Bayer AG, Corteva Agriscience, BASF, Sumitomo Chemical Co., FMC Corporation, Syngenta AG, ADAMA, and Bell Laboratories. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Wheat Protein Market Growth by Emerging Trends, Analysis, & Forecast

The report "Wheat Protein Market by Product (Wheat Gluten, Wheat Protein Isolate, Textured Wheat Protein, Hydrolyzed Wheat Protein), Application (Bakery, Pet Food, Nutritional Bars, Processed Meat, Meat Analogs), Form (Dry, Liquid), and Region - Global Forecast to 2026", The wheat protein market is projected to reach USD 3.1 billion by 2026, from USD 2.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The market is driven by factors such as a shift in preference for plant-based protein foods, increased demand for meat-free diets, and growing incidence of lactose intolerance.

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Wheat gluten segment is estimated to account for the largest share of the wheat protein market during the forecast period

 

Based on product, the wheat protein market has been segmented into wheat gluten, wheat protein isolate, textured wheat protein, and hydrolyzed wheat protein. The wheat gluten segment is estimated to account for the largest share of the wheat protein market in 2020. It is used in a variety of applications such as bakery products, meat products, pasta, and pet foods. In bakery, the strength of gluten is a key factor in bread baking. It plays an important role as it contributes to the ability of the dough to rise and maintain texture.

 

Dry form segment is projected to be the fastest-growing during the forecast period

 

Dry forms are the most popular forms of wheat protein preferred by manufacturers due to their several benefits, including better stability and ease of handling & better storage conditions as compared to liquid forms.

 

The bakery & snacks segment, by application, is estimated to accounted for the largest share of the wheat protein market during the forecast period

 

The bakery & snacks segment, by application, is estimated to account for the largest share of the wheat protein market in 2020. Presence of major players offering a wide variety of wheat products having applications in bakery is one of the key drivers for the bakery & snacks segment. This shift in consumer preference toward ready-to-eat products has increased the demand for bakery products. In Europe, rise in the aging population and growing health concerns have urged consumers to opt for healthier alternatives such as value-added baked goods.

 

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Europe is estimated to account for the largest share of the wheat protein market during the forecast period

 

In 2020, Europe is estimated to account for the largest share of the wheat protein market. Factors such as the growing investments by major players in the bakery industry, growing trend of vegan diets, and abundant availability raw materials such as wheat in this region have boosted the demand for wheat protein products in the European market. Furthermore, increased demand for bakery items such as cakes, pastries, and cookies will also drive the demand for wheat protein in the region.

 

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as ADM (US), Cargill (US), Agrana (Austria), MGP Ingredients (US), Manildra Group (Australia), Roquette (France), Glico Nutrition (Japan), Crespel & Deiters (Germany), Kröner-Stärke (Germany), Tereos Syrol (France), CropEnergies (Germany), and Gluten y Almidones Industriales (Mexico), Batory Foods (US), Kerry Group (Ireland), BENEO (Germany), Agridient Inc (US), AMCO Proteins (US), Tate & Lyle (UK), and PureField Ingredients (US)

Dietary Supplements Market Growth by Emerging Trends, Analysis, & Forecast

 The Dietary Supplements Market is estimated at USD 155.2 billion in 2022; it is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. Increasing awareness regarding nutrition and healthy lifestyles is driving the market for dietary supplements. It is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. When combined with proper nutrition, dietary supplements can enhance the body’s natural defenses and immunity. As people become more conscious of holistic wellbeing, the demand for immunity-boosting products is expected to increase in the coming years.

 

The Dietary Supplements market consists of a few globally established players such as Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), Otsuka Holding Co, LTD (Japan), H&H Group (China), Arkopharma (France), Bayer AG (Germany), Glanbia Plc (Ireland), Natures Sunshine Products Inc (US), Fancl Corporation (Japan), Danisco (Denmark), Bionova (India), American Health (US), Pure Encapsulations LLC (US), GlaxoSmithKline, PLC (UK). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments

 

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Herbalife Nutrition is a global nutrition firm that offers weight management, sports nutrition, and health & wellness products to people across the world. They distribute and advertise various nutrition products to and through a network of independent members, using a direct-selling business model. The company operates through five business segments, namely Weight Management, Targeted Nutrition, Energy, Sports and Fitness, Outer Nutrition and Literature, Promotional and Others. It offers dietary supplements under the Weight Management and Targeted Nutrition product categories. Herbalife Nutrition offers a wide range of high-quality and science-backed products, including meal replacement protein shakes, teas, aloes, protein bars, nutritional supplements, sports hydration, and outer nutrition products. Till now, the company has marketed and sold approximately 120 types of product. The company’s manufacturing facilities, known as Herbalife Innovation and Manufacturing Facilities or HIMs, include HIM Lake Forest, HIM Winston-Salem, HIM Suzhou, and HIM Nanjing. Approximately 60% to 65% of their inner nourishment products distributed worldwide are made in the HIM manufacturing facilities.

 

The Archer-Daniels-Midland Company (or ADM) harnesses the power of nature to offer nutrition to people all over the world. The corporation is a global leader in human and animal nutrition. It is also the worlds largest agricultural origination and processing company. ADMs breadth, depth, insights, facilities, and logistical expertise give it unparalleled capabilities to address food, beverage, health & wellness, and other needs. ADM owns and manages a global grain elevator and transportation network for procuring, storing, cleaning, and transporting agricultural raw materials such as oilseeds, corn, wheat, milo, oats, barley, and products derived from those inputs. The company owns trademarks, brands, recipes, and other intellectual property, including patents, with a net book value of $903 million as of December 31, 2020. The company operates through four business segments: AG Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Others. It offers dietary supplements under its Nutrition segment. The company’s Nutrition segment is involved in the manufacturing, sales, and distribution of a wide array of dietary supplements and nutrition products, including probiotics, prebiotics, enzymes, botanical extracts, and other specialty food & feed ingredients. The segment also comprises activities such as the manufacturing of contract and private label pet treats and foods, as well as the processing and distribution of formula feeds and animal health and nutrition products. The company operates through 46 innovation centers, 345 processing plants, 480 crop procurement facilities, and 200 bulk storage facilities in around 200 countries across the regions. ADM operates through numerous subsidiaries, such as Ab Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (Us), Ohly (Germany), Golden Peanut Company LLC (US), ADM Milling (US), ADM Do Brasil Ltda. (Brazil), Wild Flavors, Inc. (US), and ADM Hamburg Ag (Germany).

 

Amway is one of the worlds largest direct selling companies. The company manufactures and distributes nutrition, beauty, personal care, and home products, which are sold solely through Amway’s Independent Business Owners (IBOs) in over 100 countries. The company operates through four business segments, namely Nutrition, Beauty, Personal Care, and Home and Others, which include Energy Drinks and Sports Nutrition products. It offers dietary supplements under its Nutrition segment. Dietary supplements and vitamins are offered under its Nutrilite brand. Amway is present in over 100 countries and territories and covers over 60 languages. More than 15,000 employees are involved in this organization, including around 500 scientists, engineers, and technical professionals. Amway has over 1,000 global patents and patents pending for its products, which is a natural result of its commitment to innovation and rigorous testing. Amway owns and operates about 6,000 acres (2,428 hectares) of certified organic farmland in Jalisco (Mexico), Trout Lake (Washington, US), and Ubajara (Brazil). Amway has about 750 locations and spaces worldwide, including experience centers, shops, plazas, and distribution centers. Amway operates six manufacturing facilities in strategic locations across the world that produce millions of high-quality products for its Amway Business Owners (ABOs) and customers.

 

Pfizer Inc. is a research-based, global biopharmaceutical company. Through the research, development, manufacturing, marketing, sale, and distribution of biopharmaceutical medicines around the world, the company employs science and its global resources to offer therapies to people that extend and significantly improve their lives. The company seeks to promote wellness, prevention, treatments, and cures for the worlds most feared diseases in both developed and emerging markets. On June 2, 1942, the company was incorporated under the laws of the State of Delaware. Pfizer manufactures medicines, vaccines, and consumer healthcare products, among others. The company operates through two business segments, namely, Biopharma and Pfizer CentreOne. It offers consumer healthcare products, including multivitamins and calcium supplements, through brands Centrum and Caltrate, respectively, under the Consumer Healthcare segment. In 2019, Pfizer and GSK combined their respective consumer healthcare businesses into a JV that operates globally under the GSK Consumer Healthcare name. The company has its presence in North America, Europe, the Asia Pacific, and the Middle East. Some of the major subsidiaries of Pfizer are Pharmacia & Upjohn (Sweden), Pfizer Japan Inc. (Japan), Medivation (US), and Hospira (US).

 

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North America is projected to be the largest market during the forecast period. This is attributed to the widespread consumption of food and nutritional supplements in the US and Canada. The market for dietary supplements in the Asia Pacific is projected to register the highest growth during the forecast period. This is attributed to the growing popularity of functional and fortified foods in the region. The global market is rapidly growing in South Asian countries such as Vietnam, owing to the increased consumption of multivitamins and minerals. The growing geriatric population in the region is also a major factor driving the growth of the market.

Food Robotics Market Growth by Emerging Trends, Analysis, & Forecast

 The global Food Robotics Market size is estimated to be valued at USD 1.9 billion in 2020 and projected to reach USD 4.0 billion by 2026, recording a CAGR of 13.1% during the forecast period. The demand for food robotics is increasing significantly owing to surging demand for food with increasing population and increasing demand for enhanced productivity in food processing. Additionally, increasing investments in automation in the food industry is projected to provide growth opportunities for the food robotics market.

Key players in this market include ABB Group (Switzerland), KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Rockwell Automation Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yasakawa Electric Corporation (Japan), Denso Corporation (Japan), Nachi-Fujikoshi Corporation (Japan), OMRON Corporation (Japan), Universal Robots A/S (Denmark), Staubli International AG (Switzerland), Bastian Solutions LLC (U.S.), Schunk GmbH (Germany), Asic Robotics AG (Switzerland), Mayekawa Mfg. Co. Ltd. (Japan), Apex Automation & Robotics (Australia), Aurotek Corporation (Taiwan), Ellison Technologies Inc. (U.S.), Fuji Robotics (Japan), and Moley Robotics (U.K.).

 

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Mitsubishi Electric Corporation (Japan) is primary involved in the manufacturing, development, and marketing of different equipment used in industries such as packaging/food and beverage, general manufacturing, automotive, semiconductor, heath care, and education. The company provides solutions for the packaging/ food and beverage segment such as packaging, picking and placing, material handling, and dispensing as robots have the capability to handle products quicker and safer than conventional applications.

 

The company operates through six business segments-energy and electric systems, industrial automation systems, home appliances, information and communication systems, electronic devices, and others. Mitsubishi Electric Corporation has its operations in Japan, Asia-Pacific, Europe, the Americas, and the Middle East & Africa. Some of the subsidiaries of Mitsubishi Electric include Mitsubishi Electric Automation Korea Co., Ltd (Korea), Mitsubishi Electric Europe B.V. German Branch, Mitsubishi Electric Australia Pty. Ltd. (Australia), and Mitsubishi Electric (China) Co., Ltd.

 

ABB Group (Switzerland) is a global leader in power and automation technologies enabling utility, industry, and transport and infrastructure sectors to improve their performance while lowering the environmental impact. Its operations are organized into five business segments, namely, power products, power systems, discrete automation and motion, low voltage products, and process automation. The company is a leading supplier of industrial robots and modular manufacturing systems and services. ABB has installed more than 250,000 robots worldwide. Its robotics solutions are used in industries such as automotive, metal fabrication, foundry, plastics, food & beverage, chemicals & pharmaceuticals, consumer electronics, solar, and wood. ABB’s robotic solutions are used in industry applications such as welding, material handling, painting, picking, packing, and palletizing. ABB operates in approximately 100 countries across four regions-Europe, the Americas, Asia, and the Middle East and Africa (MEA). Some of its major subsidiaries are ABB Holdings Limited, Warrington (UK), ABB Norden Holding AB (Sweden), ABB Group., Seoul (South Korea), ABB K.K., Tokyo (Japan), ABB (China) Ltd., Beijing, ABB Group, Osasco (Brazil), and ABB AG, Mannheim (Germany).

 

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The European food robotics market is driven by high investment in research & development with regard to technology, along with the rise in demand for packed, ready-to-cook, and high-quality food products. The European Robotics Association started monitoring in European Union activities, policies, and funding in the new robot technology to strengthen the international market for food & beverage manufacturing, which is likely to impact the adoption of food robotics positively.