3D Food Printing Market to Grow at a Highest CAGR of 58.1% by 2030 | 3D Systems, Inc., NATURAL MACHINES, Choc Edge, Print2Taste GmbH

Delvens published an exclusive report, titled, "3D Food Printing Market to Grow at a Highest CAGR of 58.1% by 2030 | 3D Systems, Inc., NATURAL MACHINES, Choc Edge, Print2Taste GmbH". 3D Food Printing Market by Vertical (Government, Commercial, and Residential), Technique (Extrusion Based Printing, Selective Laser Sintering, Binder Jetting, and Inkjet Printing), Ingredient, and region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America).

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The prominent players in the 3D Food Printing Market are 3D Systems, Inc., Netherlands Organization for Applied Scientific Research, NATURAL MACHINES, Choc Edge, Systems & Materials Research Corporation, byFlow B.V., Print2Taste GmbH, Barilla America, Inc., BeeHex, Modern Meadow, Dovetailed, Aniwaa Pte. Ltd, BIOZOON GmbH, Wiiboox, ZMorph, ORD Solutions Inc, PancakeBot LLC

In September 2021, Zmorph announced a new collaboration with the Spanish company, Sicnova, to make its products available in Spain, Portugal, and Latin America (excluding Brazil) through Sicnova's distributor network. The company was founded in 2007 and has specialized in additive manufacturing for many years. Its expertise is a valuable addition to the portfolio of Zmorph resellers

In August 2021, SavorEat signed an agreement with Sodexo Operations, the American subsidiary of Paris-based food services and facilities management conglomerate Sodexo, to launch a pilot project in the US that would offer the startup's kosher, vegan, gluten-free, allergen-free burger patties.

Regional Analysis: Asia Pacific to Dominate the Market

North America dominates the 3D food printing market and will continue to flourish its trend of dominance during the forecast period due to major 3D food printing companies.

Asia-Pacific region is expected to score the highest CAGR due to the large amount of budget by the US government in the healthcare sector.

3D food printing is designing and providing 3D shapes to the food ingredients and also maintaining the structure, texture, and taste of the ingredients. 3D food printing is bringing 3-dimensional digital design into a real-world object which is edible. 3D food printing is healthy and good for the environment as it converts proteins from algae, beet leaves, or insects into tasty products. One of the most important benefits of 3D printing is that it provides a door for food customization according to the preferences and needs of the individual. 3D food printing gives rise to new flavours, textures, and shapes to provide new and unique eating experiences. 3D food printing is done by machines called 3D printers.

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 favourite 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. All the mentioned reasons will help in boosting the market during the forecast period.

One of the major restraints that the 3D food printing industry faces are the processing time of the food. It takes much more time compared to traditional methods of preparation. The main reason is that the printer has to maintain a high level of precision while printing food; the printed food needs to cool down first to be solid enough to eat. To print a small design of chocolate, the 3D food printer can take 30-45 minutes, and a consumer would not prefer wasting time on chocolate just for its unique design. Consumers would not prefer to wait for a long time to eat unique-shaped chocolate. This leads to the processing time of 3D-printed foods being a major restraint.

The COVID-19 outbreak jeopardizes food security and nutrition from a variety of perspectives, including food chain disruption, food shortages, reduced purchasing power, unhealthy eating habits, increased food loss, and an increase in unemployment and underemployment. Furthermore, the lack of socializing with friends, colleagues, parents, and others while eating has resulted in stress, anxiety, fear, anguish, and worry, which has exacerbated the negative effects of COVID-19 on the health status of all people, particularly vulnerable consumers such as the elderly and hospitalized patients. 3D food printing has unrivalled and unique potential, allowing for personalized food manufacture, social distancing, decentralization of food manufacturing, people participation in food co-creation, socializing the process, and creating new businesses and jobs. These new ideas should assist in considerably reducing the spread of COVID-19, as well as the threats to people's health and negative consequences for food security and society.

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Key Findings

The ingredient segment is further segmented into Dough, Fruits and vegetables, Proteins, Sauces, Dairy Products, Carbohydrates, and Other Ingredients. The carbohydrates segment is anticipated to dominate the market during the forecast period. The carbohydrate segment is projected to witness significant growth due to the structural property of carbohydrates and increasing demand for customized carbohydrate-based products like 3D chocolates.

The vertical segment is further segmented into Government, Commercial and Residential. The commercial segment will dominate the market during the forecast period due to the major demand for 3D-printed food that can be served through the baking industry, restaurants, confectionaries, and retail stores. 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.

The market is also divided into various regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa. The market in Asia Pacific is projected to grow at the highest rate with the reduced 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.

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Delvens Industry Expert's Standpoint

The industry is growing due to increased demand for gourmet cuisine and the growing trend of fine dining experiences. Growing disposable income, more nutritional awareness, and an increased desire for tailored meals are driving market expansion. People with food sensitivities and unique dietary requirements are increasingly resorting to three-dimensional consumables printing. Awareness programs among food innovators about the need to improve food production technology is a critical problem driving the growth of the 3D food printing industry. The growing business food industry, expanding demand for bespoke food products with nutritional content matched to non-public based on biological demands, and rising concerns about global food safety and advancement are the primary elements driving the 3D food printing market.

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