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Goat Milk Powder Market Size Will Attain USD 3.32 Billion by 2030 growing at 8.2% CAGR – Exclusive Report by Facts & Factors

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SAN FRANCISCO, U.S., Jan. 25, 2023 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Goat Milk Powder Market By Product Type (Skimmed Milk Powder, Full Cream Milk Powder), By End-products (Infant & Follow-On Formula, Cheese, Dietary Supplements, Yogurt, Chocolate, Others), By Distribution Channels (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Medical & Pharmacy Stores, Others), and By Region – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Goat Milk Powder Market size & share was valued at approximately USD 2.2 billion in 2021. The market is expected to grow above a CAGR of 8.2% and is anticipated to reach over USD 3.32 billion by 2028.”

The report analyzes the Goat Milk Powder market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global Goat Milk Powder market.

Goat Milk Powder Market Overview:

Goat milk powder is prepared after the evaporation and drying of goat milk. The cream of goat’s milk is first skimmed and then dried. The goat milk powder finds its uses in yogurt and cheese making, baby food, ice cream, chocolates, and food for older people. Goat milk powder derives its benefits from goat milk, which is highly nutritious because it contains many essential vitamins such as vitamin A, vitamin D, folic acid, and minerals like sodium, potassium, iron, and calcium. It also contains vital amino acids, fats, good cholesterol, and protein. This helps lower blood pressure levels, improve metabolism, maintain good heart health, improve nerve function, and increase the growth of good stomach bacteria.

Goat milk is also considered a super-food that can increase blood platelet count in patients with dengue fever. Furthermore, it can help with magnesium deficiency, anemia, asthma, and skin and digestive system disease.

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  • Facts and Factors research methodology

Key Insights from Primary Research

  • As per the analysis, the goat milk powder market is likely to grow above a CAGR of around 8.2% between 2022 and 2028.
  • The Goat Milk Powder market size was worth around US$ 2.2 billion in 2021 and is estimated to hit approximately US$ 3.32 billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • The primary market driver for the global goat milk powder is its high nutritional value. There is a rising awareness among people about the benefits of goat milk powder as they adopt healthy lifestyles.
  • Based on product type, the skimmed milk powder segment accounted for more than half of the global milk powder market.
  • Based on distribution channels, the hypermarkets and supermarkets segment reported for the largest share of the market.
  • On the basis of region, the “North America” holds the largest share of the global goat milk powder market during the forecast period.

Industry Dynamics

The primary market driver for the global goat milk powder is its high nutritional value. There is a rising awareness among people about the benefits of goat milk powder as they adopt healthy lifestyles. Goat Milk contains A2 casein, which is also present in breast milk. This makes it easily digestible by babies. Such benefits have been causing an increase in the consumption of goat milk powder by infants, driven by a rise in the newborn population and bottle-feeding culture.

The E-commerce of goat milk powder products could be an excellent opportunity for marketers due to its time-saving and cost-effective nature. Furthermore, due to the increasing demand for goat milk and meat, governments worldwide offer incentives to farmers and entrepreneurs to enter commercial goat farming. Increasing population and rising income levels in developing countries are excellent opportunities for market players to expand to the untapped markets. Also, the multiple applications of goat milk powder in the food industry and its long shelf life are prominent factors that will boost the market during the forecast period. However, goat milk is expensive, which could impede the market’s growth, along with an increasing vegan population giving up animal products such as milk and meat.

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Goat Milk Powder Market: COVID-19 Impact Analysis

The Covid-19 pandemic has disrupted global businesses by hampering distribution channels, creating a large-scale disruption in the demand-supply mix. Production units were shut down globally, impacting production and sale. However, the demand for goat milk and its products, including goat milk powder, has risen, driven by its numerous health benefits, most importantly immunity-boosting capability. Customers have shifted to online retail platforms for buying goat milk powder, which is an excellent opportunity for marketers.

Competitive Players

The report contains qualitative and quantitative research on the global Goat Milk Powder Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.

Some of the main players in the global Goat Milk Powder market include;

  • Seed + Mill
  • Laloo’s Ice Cream
  • Blue Ridge Soap Shed
  • Goat Milk Stuff
  • Bend Soap Company
  • Mast Brothers
  • Zotter Chocolates
  • Billy Goat Stuff
  • Bubs Organic
  • Keytone Dairy Corporation Limited
  • Mt. Capra
  • Shaanxi Guanshan Dairy Co. Ltd.
  • Shaanxi RedstarMeiling Dairy Co. Ltd.
  • CapriLac
  • The Good Goat Milk Company
  • Holle
  • Baiyue Dairy Group
  • FIT Company
  • Meyenberg Goat Milk Products
  • Goat Partners International
  • AVH Dairy Trade B.V.
  • Ausnutria Dairy Corporation Ltd
  • Dairy Goat Co-Operation (DGC)

Browse the full “Goat Milk Powder Market By Product Type (Skimmed Milk Powder, Full Cream Milk Powder), By End-products (Infant & Follow-On Formula, Cheese, Dietary Supplements, Yogurt, Chocolate, Others), By Distribution Channels (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Medical & Pharmacy Stores, Others), and By Region – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/goat-milk-powder-market

Goat Milk Powder Market: Segmentation Analysis

The global goat milk powder market is segregated based on Product type, end products, and Distribution channels. 

In terms of product type, in 2021, the skimmed milk powder category accounted for more than half of the global milk powder market. Rising concerns among populations about health issues such as obesity, diabetes, cardiovascular diseases, and changing food habits and lifestyles propel the demand in this category.

In terms of distribution channels, in 2021, the hypermarkets and supermarkets category accounted for the largest share of the market. The easy availability of groceries under a single roof has been the driving force behind this.

Regional Dominance:

In terms of region, North America holds the largest share of the global goat milk powder market during the forecast period. The increasing demand for milk food and dairy products is expected to drive demand for goat milk powder in the region. The U.S., with its large number of dairy farms, dominates the North American goat milk powder market, and factors like increasing goat cheese demand and the rising lactose-intolerant population in the country add to its market expansion.

The Asia-Pacific region is projected to grow at the fastest CAGR during the forecast period. The precipitating factors for this have been identified as rising health awareness, increasing disposable incomes, increasing need for infant formula in China, and westernization.

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Key questions answered in this report:

  • What is the market size and growth rate forecast for Goat Milk Powder industry?
  • What are the main driving factors propelling the Goat Milk Powder Market forward?
  • What are the leading companies in the Goat Milk Powder Industry?
  • What segments does the Goat Milk Powder Market cover?
  • How can I receive a free copy of the Goat Milk Powder Market sample report and company profiles?

Report Scope:

Report Attribute Details
Market Size in 2021 USD 2.2 Billion
Projected Market Size in 2028 USD 3.32 Billion
CAGR Growth Rate 8.2% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market Players Seed + Mill, Laloo’s Ice Cream, Blue Ridge Soap Shed, Goat Milk Stuff, Bend Soap Company, Mast Brothers, Zotter Chocolates, Billy Goat Stuff, Bubs Organic, Keytone Dairy Corporation Limited, Mt. Capra, Shaanxi Guanshan DairyCo. Ltd., Shaanxi RedstarMeiling Dairy Co. Ltd., CapriLac, The Good Goat Milk Company, Holle, Baiyue Dairy Group, FIT Company, Meyenberg Goat Milk Products, Goat Partners International, AVH Dairy Trade B.V., Ausnutria Diary Corporation Ltd, Dairy Goat Co-Operation (DGC), and Others
Key Segment By Product Type, End-products, Distribution Channels, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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The global goat milk powder market is segmented as follows:

By Product Type

  • Skimmed Milk Powder
  • Full Cream Milk Powder

By End-products

  • Infant & Follow-On Formula
  • Cheese
  • Dietary Supplements
  • Yogurt
  • Chocolate
  • Others

By Distribution Channels

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Medical & Pharmacy Stores
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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Key Offerings:

  • Market Size, Trends, & Forecast by Revenue | 2022−2028
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Product Type, End-products, Distribution Channels, and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Artificial Intelligence

Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Artificial Intelligence

Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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