The global 3D food printing market is segmented into ingredient such as dough, fruits and vegetables, proteins, sauces, dairy products and carbohydrates. Among these segments, carbohydrates segment is expected to dominate the overall 3D food printing market during the forecast period. Rise in demand for customized chocolates and cakes from consumers are increasing the demand for 3D food printers across the globe. Further, the market is expected to be driven by rising preference f0r 3D food printers owing to its convenient and time saving features.
Global 3D food printing market is expected to register a CAGR of 50% over the forecast period. Moreover, the global 3D food printing market is expected to garner USD 400 Million by the end of 2024. Factors such as customization of nutrients and ingredient and enhancement in technology are expected to drive the growth of 3D food printing market.
Europe dominated the overall market of 3D food in 2016. Further, Europe is expected to continue its dominance over the forecast period. High demand for tailor made food for dietary requirements is anticipated to swell the demand for 3D food printers in the region. North America 3D food printing market is expected to grow in the next few years. Presence of key 3D food printer manufacturers in the region is expected to bolster the market of 3D food printers. Moreover, rising geriatric population in the region is expected to impel the demand for 3D food printers as it allows the preparation of easily chewable foods.
Rising Demand for Customized Food
The market for 3D food printers is expected to grow on the back of the increase in demand for personalized food by the consumers. Further, growth in nutrient and ingredient conscious population is increasing the demand for 3D food printers. Moreover, 3D food printers also cater to the nutritional requirement of patients as it can produce easily chewable food. These factors are anticipated to propel the growth of 3D food printer market during the forecast period.
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Spiked Adoption by Various End Users
Increasing need for mass personalization of food is resulting in high adoption of 3D food printers across the globe. For instance, retirement and nursing homes in Germany are adopting 3D food printers to serve easy chewable and swallowing foods. Similarly, in Netherlands, most of the microwaves made pancakes are 3D printed. Moreover, enhancement in technology is also one the major factor driving the growth of 3D food printer market.
Although, high manufacturing cost, limited number of food preparation and slower cooling down process are some of the major factors that are likely to hamper the growth of the 3D food printing market in the near future.
The report titled “3D Food Printing Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global 3D food printing market in terms of market segmentation by ingredient, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global 3D food printing market which includes company profiling of Natural Machines, Choc Edge, TNO, By Flow, Print2taste GmbH, CandyFab, Beehex, Nu Food, SMRC and 3D Systems, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 3D food printing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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