Market Research Future (MRFR) has published on the “3D Food Printing Market”
Market Research Future (MRFR) has published a cooked research report on the “Global 3D food printing Market” that contains information from 2018 to 2032. The 3D food printing market is estimated to register a CAGR of 57.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global 3D food printing market— 3D Systems, Inc, Aniwaa Pte. Ltd, Barilla America, Inc, BeeHex, BIOZOON GmbH, Byflow B.V, Candyfab, Choc Edge, Dovetailed, Modern Meadow, NATURAL MACHINES, Netherlands Organization for Applied Scientific Research, ORD Solutions Inc, PancakeBot LLCPrint2Taste GmbH, and Wiiboox.
Market Highlights
The global 3D food printing market is accounted to register a CAGR of 57.90% during the forecast period and is estimated to reach USD 10.9 Billion by 2032.
The need for individualised and cutting-edge food items, together with technological improvements, are driving the expansion of the 3D food printing industry. Market growth is fueled by elements like convenience, adaptability, and sustainability, and there are prospects for 3D food printing technology adoption in the foodservice, confectionery, and healthcare sectors.
Segment Analysis
The global 3D food printing market has been segmented based ingredient, vertical, and technology.
On the basis of ingredient, the market is segmented into dough, fruits and vegetables, proteins, sauces, dairy products, carbohydrates, other ingredients. The carbohydrates segment dominated the market in 2022. The carbohydrate business is anticipated to increase significantly as a result of the structural features of carbohydrates and the rising demand for specialised carbohydrate-based products like 3D chocolates.
Based on vertical, the global 3D food printing market has been segmented into education, emergency services, government, defense, commercial, retail store, bakeries, confectioneries, restaurants, residential. The commercial category generated the most income in 2022. The commercial market is anticipated to grow as a result of the increasing demand for 3D printed food, which can be supplied by the baking industry, eating facilities, confectioneries, and retail stores.
Based on technology, the global 3D food printing market has been segmented into extrusion-based printing, binder jetting, selective laser sintering, inkjet printing. The extrusion-based printing segment dominated the market in 2022. Extrusion-based printers are extremely user-friendly. Through the use of a nozzle or syringe, food components are extruded one at a time.
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Regional Analysis
The global 3D food printing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe 3D food printing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The 3D food printing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World 3D food printing market comprises of Middle East, Africa, and Latin America.
From 2023 to 2032, the 3D food printing market in North America is anticipated to experience the quickest CAGR growth. The market in North America and Asia Pacific is anticipated to experience significant growth in the upcoming years due to the increasing need for highly customizable and affordably priced commoditized food products throughout the regions. Growing collaborations between food producers and food technology companies are also projected to boost the growth of the food 3D printing industry in North America.
Moreover, the second-largest market share belongs to the 3D food printing market in Europe. Europe, which has the greatest geographic market and is also home to many manufacturing sector companies with excellent technical expertise in additive manufacturing, is where the market for 3D food printing is growing.
Additionally, the Asia-Pacific 3D food printing Market dominated this market in 2022 (45.80%). The market for 3D food printing may develop and overtake other food printing technologies as a result of the enormous population, rising disposable income, and growing demand for unique culinary experiences.
Furthermore, as the region welcomes technology improvements in the food business, the 3D food printing market in Latin America is beginning to take off and has room to grow. Opportunities for the use of 3D food printing technology exist in Latin America due to factors such changing consumer preferences, the need for individualised and sustainable food options, and rising research and development spending.
Key Findings of the Study
- The global 3D food printing market is expected to reach USD 10.9 Billion by 2032, at a CAGR of 57.90% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market Due to the vast population, rising disposable income, and growing demand for distinctive culinary experiences, the market for 3D food printing may expand and become dominant.
- Based on technology, the extrusion-based printing segment was attributed to holding the largest market in 2022.
- 3D Systems, Inc, Aniwaa Pte. Ltd, Barilla America, Inc, BeeHex, BIOZOON GmbH, Byflow B.V, Candyfab, Choc Edge, Dovetailed, Modern Meadow, NATURAL MACHINES, Netherlands Organization for Applied Scientific Research, ORD Solutions Inc, PancakeBot LLCPrint2Taste GmbH, and Wiiboox.
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Companies Covered | 15 |
Pages | 128 |
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