Growth Opportunities in the 3D Food Printing Market

According to MarketsandMarkets, the 3D food printing market is anticipated to experience a significant growth rate of 57.3% and is expected to achieve a market value of almost USD 1,941 million by 2027. The market is estimated to be worth around USD 201 million in 2022.

The global market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex food products of different shapes and sizes, thereby focusing on catering to the increasing demand from the processed food industry and consumers.

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Development of new machinery and enhancement of the existing ones are the key strategies adopted by many players in the market. In addition, increasing focus on the expansion of facilities, marketing schemes, and information exchange programs to create awareness and enhance the applications of 3D food printer is projected to contribute to the growth of the market.

Drivers: Bourgeoning demand for gourmet food

3D food printing provides the ability to personalize food according to individual needs. The increasing market for customized food is a major reason for the growth of the 3D food printing market. The advancement in technology has made people busier with their work, and they often fail to experience their favorite food due to the shortage of time. This gives rise to the market for customized food; however, the customized food items need to be mixed with appropriate preservatives to keep them fresh. Frequent consumption of preservatives is not good for health in the long run. Thus, 3D food printing technology provides an option to have homemade freshly cooked food for the users.

The commercial segment is estimated to account for the largest share in the global market in 2021

By vertical, the commercial segment is estimated to account for the largest share in the market in 2022. Commercial segment is estimated to witness growth due to major demand of 3D printed food can be served through baking industry, restaurants, confectionaries and retail store. The companies are working on their products to make them more efficient so that they would be able to provide more options for customized food to the customers. For a instance, BeeHex, the company manufacturing the 3D pizza printers, has demonstrated the use of their Chef3D food printer to print pizzas in various shapes. Thus, the ability of 3D food printers to print food in complex designs to provide customized food would drive the market for 3D food printers in coming years with the developments in technology.

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The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.

The market in Asia Pacific is projected to grow at the highest rate with the reducing cost of the technology in the coming year. Countries such as China, South Korea, and Japan are working actively in the 3D food printing market, signifying the promising future for 3D food printing technology in the coming years.

Key Market Players:

Key players in this market include 3D systems (US), TNO (Netherlands), NATURAL MACHINES (Spain), Choc edge (UK), Systems & Materials Research Corporation (US), byFlow B.V. (Netherlands), beehex (US), CandyFab (US), ZMORPH S.A (Poland) and Wiiboox (China)