3D food printing market will increase at a CAGR of 30-40% from 2019 to 2024 to cross $450 million by 2024.

Meticulous Market Research leading global market research company published a research report 3D Food Printing Market by Technology (Fused Deposition Modeling, Sintering, Binder Jetting), Material (Natively Printable Materials, Alternative Ingredients), Vertical (Government, Commercial, Residentials), End Users (Confectionery Manufacturers, Restaurants, Bakery Manufacturers, Dairy Manufacturers) Global Forecast to 2025.

Meticulous Research in its latest publication on 3D Food Printing Market states that global 3D food printing market will increase at a CAGR of 30-40% from 2019 to 2024 to cross $450 million by 2024

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The possibilities of 3D food printing technologies into the food industry are now in the expansion phase. From pizzas to personalized foods, 3D food printing technology is being adopted by many food industry professionals for producing unique food items. Although 3D food printing technology is relatively new in the food space, this type of technology is already prominent in the medical device, automotive, defense, and aerospace industry. The presence of 3D food printing is growing as more major players in the food industry take notice of this innovative technology.

The incorporation of this new technology into the food space brings a lot of benefits to manufacturers. In recent years, many companies boosted the visual appeal of their food products by designing new shapes which can be manufactured using a 3D printer. Additionally, the labor cost for creating culinary art can be very expensive for industry professionals; a new 3D food printer on site can cut costs significantly.

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Fused Deposition Modeling Segment to Witness the Largest Demand Through 2025

Based on technology, fused deposition modelling commanded the largest market share of the 3D food printing market in 2018. The large market share of this technology can be attributed to its applications in wide array of foods, its ability to provide high degree of freedom, limited costs to the digital design of the object, and ability to provide wide range of customization.

Confectionery Manufacturers to Provide Significant Growth Opportunities

Based on end users, confectionery manufacturers segment is expected to dominate the global 3D food printing market in 2018 as chocolate is one of the most common foods used for extrusion printing. 3D food printers are mostly used to print chocolates and candies due to the rise in the demand for customized chocolates and cakes from the consumers.

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North America: Leading Regional Market

Geographically, North America, comprising the U.S. and Canada, is expected to hold the largest share of the 3D food printing market in 2018, and the market in APAC is expected to grow at the highest rate between 2018 and 2024. The presence of major 3D food printing companies in North America region is helping the growth of the market in this region. Also, the U.S. government allocates large amount of budget on the technological advancement in food sector, which allows it to spend significantly on the application of this technology in the food and beverage sector.

Key Players

The key players operating in the global 3D food printing market are TNO, 3D Systems, Natural Machines, Systems and Materials Research Corporation, byFlow, Print2taste GmbH, Barilla, CandyFab, Beehex, Choc Edge, Modern Meadow, Nu Food, and North branch Everbright.

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Key questions answered in the report:

1. How does the adoption of 3D food printing in confectionery industry differ from the adoption in bakery industry?
2. What impact does this have on the adoption of 3D food printing in comparison to other end user segment?
3. Which are the high growth market segments in terms of technologies, materials, and regions/countries?
4. Who are the top competitors in this market and what strategies do they employ to gain shares?
5. What is driving growth and which market segments have the high potential for revenue expansion over the forecast period?
6. What strategies should new companies looking to enter this market use to compete effectively?
7. What are the major drivers, restrains, challenges, and opportunities in the global 3D food printing market?
8. Which companies have created partnerships and how will these partnerships promote a competitive advantage?
9. Who are the major players in the global 3D food printing market and what share of the market do they hold?
10. Who are the local emerging players in the 3D food printing market and how do they compete with the global players?

Future Outlook

In coming years, 3D food printing is poised to have a massive impact on the global economy, closing the gap between small and large-scale businesses, while giving consumers a large degree of freedom in choosing the food they want to eat. 3D food printing can radically change food production practices, ensuring better management of resources while reducing wastage of food products. This technology can also boost food innovation and culinary creativity, with chefs and cooks around the world leveraging 3D printing to create beautiful looking food in a variety of shapes and colors.

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