3D Printing Food Market Size, Share, Trends, Growth Factors, Opportunities, Risks And Challenges Between 2023 And 2028
Feb 03, 2023
Globally, the 3D Printing Food Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such as rising demand for gourmet food and high-quality food products, rising individual spending capacity, changing eating preferences, and rising need for reducing consumable wastage are expected to drive global market growth during the forecast period.
3D printing food is a process of creating food using high accuracy and quality finishing 3D printing equipment. A 3D food printer comprises a food-grade syringe that holds material, and real food items and deposits exact fractional layers through a food-grade nozzle onto a plate. Some of the advanced 3D food printers are equipped with preloaded recipes and allow the user to design food remotely on computers, smartphones, and IoT devices. Key benefits of 3D food printing include automation, precise ingredient control, creativity, and customizable food products.
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Factors such as rapid adoption of 3D food printers in cafes, bakeries, retail stores, and restaurants, technological developments in 3D printers, and rising investments in developing more enhanced and user-friendly 3D printers are expected to boost global market growth going ahead. In addition, manufacturers are heavily investing in R&D activities to introduce new processing techniques for producing complex food products of different sizes and shapes.
However, high costs associated with 3D printers, imitations in processing different ingredients, long processing times, and insufficient funds to deploy advanced equipment are some key factors that can hamper overall market growth during the forecast period.
Carbohydrates Segment To Register Rapid Revenue CAGR:
The carbohydrates segment is expected to register rapid revenue CAGR during the forecast period. This can be attributed to increasing demand for nutritious food and supplements, high usage of carbohydrates in producing nutritious and convenience food products and energy food products, and growing popularity of customized carbohydrate-containing food.
Commercial Segment to Account for Largest Revenue Share:
The commercial segment is expected to account for largest revenue share between 2023 and 2028 owing to rising demand for personalized meals and luxury dining experiences, rapid adoption of 3D food printers in restaurants, cafes, retail stores, and bakeries, and growing demand for customized meals.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share during the forecast period owing to rising availability of technologically advanced 3D food printers, high adoption of 3D food printing technology in confectionaries, restaurants, and cafes, rising demand for gourmet food, nutritious and convenience food, and presence of well-established manufacturers.
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3D Printing Food Market By Company:
HH Angus & Associates
3D Printing Food Industry Recent Developments:
In July 2019, 3P announced the launch of world’s first Cadbury Dairy Milk 3D printer that can produce 8 chocolates at a time.
In June 2022, Wiiboox, a leading China-based 3D printer manufacturer announced the launch of its new food 3D printing extruder, LuckyBot that can integrate a wide range of standard 3D printers to transform them into dedicated food printers.
The global 3D printing food market has been segmented based on type, application, and region:
3D Printing Food Market Segment by Type:
Fruits & Vegetables
3D Printing Food Market Segment by Application:
3D Printing Food Market Segment by Region:
North America (USA, Canada)
Europe (Germany, France, UK, Italy, Russia)
Asia Pacific (China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam)
Latin America (Brazil, Argentina)
Middle East & Africa (Turkey, Saudi Arabia, U.A.E)
Key Reasons to Purchase:
Estimates 2023 to 2028 3D printing food market current market trends and development trends
Market dynamics along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the 3D printing food market
Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
Brief about impact of COVID-19 on the global 3D printing food market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?
Which key players are leading in the global 3D printing food market?
What is the expected market size of the global 3D printing food market between 2023 and 2028?
What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
What are some of the key challenges that the global market is expected to face during the forecast period?
Which region is expected to account for largest revenue share over the forecast period?
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