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Food Robotics Market to Be Worth $2.8 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., June 4, 2024 /PRNewswire/ — According to a new market research report titled, ‘Food Robotics Market Size, Share, Forecast, & Trends Analysis by Type (Articulated Robots [SCARA, Six-axis Robots], Delta & Parallel, Collaborative, Cartesian, Cylindrical, Portal), Payload, Application, End Use  – Global Forecast to 2031′, the food robotics market is expected to reach $2.8  billion by 2031, at a CAGR of 11.6% from 2024 to 2031.

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In the food industry, robotics plays a crucial role in addressing labor shortages, boosting productivity, and meeting evolving consumer demands. Food robotics encompasses the utilization of robotics technology across various aspects of food and beverage production, processing, packaging, and service. It involves leveraging automated systems and robots to execute tasks that human workers traditionally perform in the food industry. These technologies are deployed to automate various operations in food production facilities, including ingredient handling, mixing, cooking, and assembly processes.

The growth of this market is driven by factors such as increasing food safety regulations, rising investments in robotics by food & beverage companies, increasing digitalization in the food & beverage sector, and a growing focus on efficient food packaging. Furthermore, the rising demand from emerging economies is expected to create market growth opportunities. However, the high installation costs may restrain market growth. Additionally, the low adoption of robotics among SMEs in the food & beverage sector is a significant challenge impeding the market’s growth.

The food robotics market is segmented by type, payload, application, end use, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

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Based on type, the global food robotics market is broadly segmented into articulated robots, delta & parallel robots, collaborative robots, cartesian robots, cylindrical robots, and portal robots. In 2024, the articulated robots segment is expected to account for the largest share of 37.8% of the food robotics market. The large market share of this segment can be attributed to the high load capacity and flexibility offered by these robots, growing emphasis on controlling food contamination, increasing use of autonomous mobile robots (AMRs) equipped with articulated arms for inventory management in warehouses and distribution centers, and growing use of articulated robots in the food industry for pick and place operations, packaging applications, and sorting and inspecting food products. However, the collaborative robots segment is projected to witness the highest growth rate during the forecast period of 2024–2031.

Based on payload, the global food robotics market is broadly segmented into high, low, and medium payload. In 2024, the medium payload segment is expected to account for the largest share of 47.2% of the food robotics market. This segment’s large market share can be attributed to advancements in medium payload robots designed for packaging, food handling, and pick-and-place applications, coupled with enhancements in gripping technology and the integration of vacuum assistance. However, the low payload segment is projected to witness the highest growth rate during the forecast period of 2024–2031.

Based on application, the global food robotics market is broadly segmented into palletizing & depalletizing, packaging & repacking, pick & place, cutting & slicing, grading & sorting, butchery, quality inspection, and other applications. In 2024, the palletizing & depalletizing segment is expected to account for the largest share of 28.2% of the food robotics market. This segment’s large market share can be attributed to the growing use of robots for loading & unloading boxes, bags, cases, bottles, cartons, and other items to or from pallets. These robots improve throughput, enhance quality, provide better working conditions, and improve operational efficiency. However, the packaging & repacking segment is projected to witness the highest growth rate during the forecast period of 2024–2031.

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Based on end use, the global food robotics market is broadly segmented into dairy, beverages, bakery & confectionery, meat, poultry, and seafood, fruits and vegetables, oil & fats, and other end uses. In 2024, the dairy segment is expected to account for the largest share of 27.3% of the food robotics market. The large market share of this segment can be attributed to the growing need to improve quality and productivity and reduce production costs, the rising demand for high-quality dairy products, and various government initiatives to promote the dairy sector. The implementation of robots in the dairy processing industry provides safety, quality, and profitability by optimizing process monitoring and control. Robots help in efficiently handling and managing complex repetitive tasks such as treating & manufacturing raw milk and filling & packaging of milk and milk-based products such as butter, ice cream, yogurt, cheese, and milk powder. However, the beverages segment is projected to witness the highest growth rate during the forecast period of 2024–2031.

Based on geography, the global food robotics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 48.2% of the global food robotics market, followed by North America and Europe. Asia-Pacific’s significant market share can be attributed to the growing awareness regarding food hygiene and safety, the increasing demand for automated solutions to enhance efficiency and productivity in food manufacturing and packaging processes, the significant advances in technology, including AI, IoT, and robotics, stringent food safety regulations, and the widespread adoption of autonomous robots to manage inventory, track stock levels, and optimize warehouse operations for food storage and distribution, and quality inspection of food products. Moreover, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period.

The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants over the past three to four years. The key players operating in the food robotics market are ABB Ltd (Switzerland), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), Kuka AG(Germany), Mitsubishi Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Universal Robots A/S (Denmark), Stäubli International AG (Switzerland), Denso Corporation (Japan), Seiko Epson Corporation (Japan), Mayekawa Mfg. Co., Ltd. (Japan), Omron Corporation (Japan), and Autonox Robotics GmbH (Germany).

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Scope of the report:

Food Robotics Market Assessment—by Type

Articulated RobotsSCARASix-Axis RobotsOther Articulated RobotsDelta & Parallel RobotsCollaborative RobotsCartesian RobotsPortal Robots

Food Robotics Market Assessment—by Payload

Medium PayloadLow PayloadHigh Payload

Food Robotics Market Assessment—by Application

Palletizing & DepalletizingPackaging & RepackingPick-and-PlaceCutting & SlicingGrading & SortingButcheryQuality InspectionOther Applications

Food Robotics Market Assessment—by End Use

DairyBeveragesBakery & ConfectioneryMeat, Poultry, and SeafoodFruits and VegetableOil & FatsOther End Uses

Food Robotics Market Assessment—by Geography

Asia-Pacific (APAC)ChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaNew ZealandRest of Asia-Pacific (RoAPAC)EuropeGermanyU.K.FranceSpainBeneluxSwitzerlandItalyPolandAustriaCzech RepublicHungaryRomaniaSlovakiaTurkeyGreeceRest of Europe (RoE)North AmericaU.S.CanadaLatin AmericaMexicoBrazilArgentinaRest of Latin America (RoLATAM)Middle East & AfricaSouth AfricaUAESaudi ArabiaRest of Middle East & Africa (RoMEA)

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Related Report:

Food Processing Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Meat, Poultry, and Seafood, Beverage, Bakery, Dairy, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic)- Global Forecast to 2031

Packaging Machinery Market by Type (Carded Packaging Machines, Filling Machines, Labelling Machines), by Function, Automation (Automatic, Semi-automatic), End-use (Food & Beverages, Healthcare & Pharmaceuticals,) and Geography – Global Forecasts to 2030

Collaborative Robots Market by Type, Component (Hardware, Software), Payload, Application (Material Handling, Welding & Soldering, Assembling and Disassembling), and End-use Industry (Oil & Gas, Automotive, Food & Beverage) – Global Forecast to 2030

Inspection Robots Market by Type (Stationary, Mobile), Application (Visual, Ultrasonic, Photogrammetry, Laser Scanning, Thermal, Quality Inspection), End User (End Use Industry, Inspection Services), and Geography – Global Forecast to 2030

Pick and Place Robots Market by Offering (Robots, Robot Accessories, Software), Payload (Up to 15 KG, 15 KG to 30 KG, More than 30 KG), Sector (E-commerce & Logistics, Food & Beverage, Other Sectors) and Geography – Global Forecast to 2030

Industrial Robotics Market by Component (Robots, Robot Accessories), Payload (Upto 60 kg, 60–100 kg, 100–225 kg, and Above 225 kg), Application, End-use Industry, and Geography – Global Forecast to 2029

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Rakhi Bazaar Shares New Insights into How Indians are Choosing Rakhi Gifts in 2026

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NEW DELHI, Aug. 4, 2026 /PRNewswire/ — Rakhi Bazaar, a leading online shopping platform for rakhis and Rakhi gifts, presents a concise report on rakhi gifting trends. By analyzing responses from more than 1000 users online, it presents its report and highlights the major changes in gifting ideas for Rakhi. The rakhi gifting market in 2026 is driven by tech gifts, evil eyes, and personalized gifting options.

According to the company’s latest shopping insights, demand for tech gifts, wellness hampers, and personalized Rakhi hampers has increased by 65% compared to the previous festive season. The major shift shows how consumer expectations and gifting habits are changing with time.

For many years, sweets, dry fruits, and traditional rakhi gift hampers dominated the celebration. Today, a sister doesn’t just scroll through digital platforms to buy online rakhi for brother; they are searching for something that adds value, emotions, and overall worth to each delivery. They use AI recommendations before adding anything to their shopping list.

The report also highlights that digital shoppers, especially millennials and Gen Z, are moving beyond conventional gifting. They choose products and rakhi gift ideas that align with their siblings’ unique personalities and lifestyles.

“Having been in the market for more than 10 years, we have witnessed major changes in consumer preferences. Today, we are working with more advanced, more discerning, and AI-influenced audiences. That’s why we move with data, not word of mouth. We conducted the survey to better understand consumer behaviour and their preferences before adding Rakhi gifts on our platforms,” said Deelip Kumar, CEO of Rakhi Bazaar.

He further added that “My team has thoroughly studied the market and prepared the collection. We have added designer rakhis, kids’ rakhis, Evil Eye Rakhis, hampers, spiritual rakhis, and more personalized gifting options on our platform. Each rakhi gift hampers are thoughtfully designed and displayed on our platform.”

Tech Gifts and Personalised Hampers Lead the Way

The Rakhi Bazaar Trend Report highlights gift ideas consumers prefer when they send rakhi to USA from India. Some of them include wireless earbuds, smartwatches, Bluetooth speakers, wellness products, grooming gadgets, customised mugs, engraved accessories, premium chocolate hampers, and personalised gift boxes. These are among the fastest-growing gifting categories this festive season.

The company reported that the combination of traditional Rakhis with modern lifestyle gift products is in demand. The combination highlights the touch of modernization to the cultural values of Indian society. Consumers also prefer personalized handwritten notes, wellness essentials, premium accessories, and gourmet treats to create more memorable gifting experiences.

Younger buyers spend more time researching online before making a purchase. Instead of adding items at random, the company focuses on consumer preferences and combines multiple products into a single festive package. As Raksha Bandhan approaches, Rakhi Bazaar is ready with its products and thoroughly analysing the market, making updates from time to time.

About Rakhi Bazaar

Rakhi Bazaar is one of the leading digital platforms dedicated to Raksha Bandhan. It offers a huge collection of Rakhi, Rakhi gifts, and festive combos for customers. With this platform, customers can send Rakhi across the globe with free shipping. With keen attention to the website’s technical aspects, functionality, and overall design, it ensures users have a smooth experience when buying online rakhi for Brothers and siblings.

Contact Us:
Email: care@rakhibazaar.com 
+91 8470001155 / 8510934032
https://www.rakhibazaar.com/

 

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PalTech Employees Pack 1,000 School Kits for Students Around Hyderabad

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HYDERABAD, India, Aug. 4, 2026 /PRNewswire/ — Before the workday began, PalTech employees came together over three mornings to pack 1,000 school kits for children in need—starting their day with purpose before turning to their regular responsibilities.

The kits, which include notebooks, stationery and essential learning supplies, are now being distributed to underprivileged students across schools in and around Hyderabad, helping them begin the new academic year with the resources they need. A second phase, adding another 800 school kits, is already underway.

“For many of our students, access to basic learning materials makes a real difference to how they begin the school year. The school bags, notebooks and stationery provided by PalTech have brought great joy to our children. We sincerely appreciate PalTech’s support and commitment to creating better opportunities for our students,” said P. Archana, Headmistress, MPPS Anjaiah Nagar.

While the initiative will benefit hundreds of students, it also reflects something that has become part of PalTech’s identity—employees who willingly come together to contribute their time and skills beyond the workplace. Rather than being driven by a single annual campaign, these efforts have become a natural extension of the company’s culture.

“Technology is what we do every day. But what defines a company over time is its people. What makes me proud isn’t the number of school kits we packed. It’s the number of people who chose to come in early, work together and make it happen. That says more about who we are than anything we could write in a slide deck,” said Shanthi Palreddy, Co-Founder & Director, PalTech.

Employee-Led Community Initiatives

The school kit initiative is one example of how PalTech employees contribute outside their day-to-day responsibilities.

Earlier this year, employees volunteered at Marepally Government School in Nalgonda district, repainting classrooms, improving the school campus and planting trees to create a brighter learning environment for the children.

PalTech also partnered with Seva Bharathi Telangana as the Platinum Sponsor and Technology Partner for the 10th edition of Run for a Girl Child, supporting girls’ education and empowerment. Beyond sponsorship, PalTech contributed its technology expertise by supporting registrations and digital event operations, helping deliver a seamless experience for nearly 12,000 participants—an event flagged off by District Collector Harichandana Dasari and cricket legend Mithali Raj, while allowing organisers to focus on the cause.

Employees also partnered with Goonj for a clothing collection and distribution drive, promoting sustainable reuse while supporting families in rural communities.

Different initiatives, different causes, but the same willingness to step forward.

“Being part of these initiatives reminded us that even small contributions can create visible change. Whether it was packing school kits or helping improve a school space, every activity felt meaningful because we could see the impact directly,” said Santhosh Gongada, Senior Manager, PalTech.

A Culture of Participation

For PalTech, community initiatives are not about visibility. They are about participation. Whether solving complex technology challenges for global enterprises or supporting local communities, the focus remains the same: bringing people together to create meaningful outcomes through collective effort.

As the organization continues to grow as a technology partner for enterprises worldwide, the company remains equally focused on strengthening its role as a responsible corporate citizen. PalTech will continue to build programs that support children, schools, rural communities, and social causes where sustained participation can create meaningful, long-term impact.

About PalTech

PalTech is a global technology services company helping enterprises solve complex business challenges through Artificial Intelligence, Digital Product Engineering, Data & Analytics, Cloud and DevOps. With offices across the United States and India, PalTech combines engineering excellence with an execution-focused approach to deliver practical, measurable business outcomes. Built on a culture of ownership, collaboration, and continuous learning, the company partners with clients to transform ideas into lasting value.

For more information about PalTech and its community initiatives, visit PalTech CSR page.

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ICC Loyalty joins Mintoak to build a unified Payments and Engagement OS for banks

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ICC Loyalty, serving 30+ banks and 11 million customers across 10+ countries, joins Mintoak. The combined entity now partners with more than 50 banks across 20+ countries.Combined annual revenue exceeds US$30 million with a profitability margin exceeding 30%.

DUBAI, UAE, Aug. 4, 2026 /PRNewswire/ — ICC Loyalty, the Dubai-headquartered loyalty and rewards technology company serving over 30 leading banks across the Middle East, Africa, Eastern Europe and Asia, today announced it has joined Mintoak, the payments and engagement OS for acquirers.

ICC Loyalty serves over 30 leading banks across 10+ countries, catering to over 11 million customers, including Emirates Islamic, Dubai Islamic Bank (DIB), RAKBANK across the Middle East, Africa, Eastern Europe and Asia.

“Joining Mintoak allows us to integrate their advanced AI and platform capabilities into ICC’s ecosystem, delivering next-generation hyper-personalisation for both our existing and new clients,” said Amit Narang, Co-founder and Chief Executive Officer, ICC Loyalty. “Together, we will help banks deliver more meaningful customer experiences while creating measurable commercial value.”

“This acquisition represents a defining milestone for Mintoak,” said Raman Khanduja, Co-founder and Chief Executive Officer, Mintoak. “Payments have become the foundation of banking relationships. The next phase of growth will come from engagement. By bringing together merchant engagement, customer loyalty and data-driven intelligence, we are building a Payments and Engagement OS that enables banks to create greater value for merchants, consumers and banks.”

Following the acquisition, Mintoak now partners with over 50 banks across 20+ countries, including HDFC Bank, Axis Bank and SBI Payments in India, Emirates Islamic and RAKBANK in the Middle East and Absa Bank in Africa. Backed by investors such as PayPal Ventures, British International Investment, Pravega Ventures, HDFC Bank and Z3Partners, its platform supports over 5 million merchants and 11 million customers while powering more than US$93 billion in annual payment volume.

Together, ICC Loyalty and Mintoak are building the leading Payments and Engagement OS for banks, helping financial institutions unlock deeper customer relationships and new revenue streams.

Key contacts

Khushaal Talreja, Group Head of Marketing, Mintoak
+91 9768005040 | Khushaal.talreja@mintoak.com 

Riddhi Sharma, PR Lead, Jajabor Brand Consultancy
+91 8587804685 | riddhi.sharma@jajabor.io 

About ICC Loyalty

ICC Loyalty is a Dubai, UAE-headquartered loyalty technology company helping banks build customer engagement and rewards programmes. It serves over 30 leading banks across 10+ countries, catering to more than 11 million customers, including Emirates Islamic, Dubai Islamic Bank (DIB) and RAKBANK across the Middle East, Africa, Eastern Europe and Asia.

About Mintoak

Mintoak is the payments and engagement OS for banks, helping financial institutions transform payment transactions into customer engagement, recurring revenue and long-term value. The company partners with more than 50 acquirers across 20+ countries, including HDFC Bank, Axis Bank and SBI Payments in India, Emirates Islamic and RAKBANK in the Middle East and Absa Bank in Africa. Backed by PayPal Ventures, HDFC Bank, British International Investment, Pravega Ventures and Z3Partners, among other investors.

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