Vantage Market Research
Mar 08, 2022
In terms of revenue, the Global 3D Food Printing Market is expected to reach 872.4 USD Million by 2028, growing at a CAGR of 49.60% from 2022 to 2028. The 3D Food Printing Market is driven mainly by increasing food trade, request for hiking for personalized food items with nutrient material that are tailored to organic process necessities, and increasing considerations about food safety and development across the globe are the key factors that facilitate the 3D Food Printing Market. Moreover, growing Research & Development activities by key players in the market and new entries are offering innovative food offerings which can produce new 3D Food Printing Market opportunities.
Key Findings:
- Confectionary product is anticipated to hold a significant share for 3D Food Printing Market. As these products are popular among children and also draw elderly people towards it. Edible ingredients can be divided into fruits & vegetables, dough, proteins, dairy products, sauce, carbohydrates, yard, sugar, algae, and others. These factors are driving the growth of the segment.
- North America is the largest regional segment. The existence of key companies in 3D food printing in the region is driving the growth of the 3D Food Printing Market
Some of key players in 3D Food Printing Market includes, TNO (Netherlands), 3D Systems (US), byFlow (Netherlands), Natural Machines (Spain), Systems And Materials Research Corporation (US), Beehex (US), Choc Edge (UK), Modern Meadow (US), Nu Food (UK) and North branch Everbright (China)..
Increasing consumer demand for personalized and customized food products is driving the 3D printers demand. Manufacturers are launching creative 3D food printers for extravagance applications such as confectioneries, chocolates, and pancakes leading to an expanded 3D food printer demand at a domestic and commercial level across the globe. As the people are getting self-centered they are opting for customization, also in their food. The need in the market for mass customization is rising and is going for several colors, flavors, shapes, textures, and nutrition. This customization is mainly done on food products like hamburgers, ice cream, coffee, biscuits, confectionery, cake, and others.
The 3D Food Printing Market is likely to have restraints too. Several ingredients which are used in 3D printing are being converted to paste, but there is not much food. 3D food printing is a sluggish process that needs cooling a lot of times before the consumption of the food. The requirement of 3D food printing is important as it can overcome the prevailing food customization trend techniques which is less efficient, time-consuming, also cost is high.