DUBLIN--(BUSINESS WIRE)--The "Global 3D Food Printing Market: Focus on Technology (Fused Deposition, Selective Sintering, and Powder Bed Binder Jetting), Vertical (Commercial, Government, and Hospital), and Food Type (Confections, Meat, and Dairy) - Analysis & Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The 3D food printing market is projected to reach $525.6 million by 2023.
This growth is highly attributed to the rising awareness among the food innovators concerning the need to elevate food manufacturing systems. The increasing concern over global food security and sustainability has facilitated massive investments by food-tech companies across the globe.
The global 3D food printing market is strongly motivated by the increasing demand for customized food products with nutrient content tailored for individual dietary needs. Depending on the food fabrication technique, several 3D printing technologies have been applied in this field to meet the demand for food design and materials processing. The major types of technologies incorporated for 3D printing of food are fused deposition modelling (FDM), selective sintering, binder jetting, and ink-jet printing.
The major factors on which the choice of 3D printing technology depends are the material printability, applicability, and post-processing feasibility. Several established firms as well as start-ups are investing in the development of innovative 3D printing technologies to expand their product offering and increase their market penetration rate in different food verticals.
3D food printing is widely preferred in different verticals of the food industry, such as bakeries and confectioneries, restaurants, retail stores, hospitals, and in governmental organizations. Presently, the most common application of 3D printing is observed in the confectionery segment as well as for military and space and in the hospitals for the elderly. The commercial segment includes bakeries and confectioneries, high-end restaurants, and retail stores. This segment is the largest end-user of 3D food printing devices.
Market Dynamics
Drivers
- Rising Concerns of Global Food Shortage
- Growing Popularity of Food Customisation Techniques
- Increasing Demand for Personalised Nutritional Preferences
Restraints
- Safety and Labelling Issues
- High Cost and Lack of Technical Expertise
Opportunities
- Development of New Materials & Technologies for 3D Food Printing
- Increasing Market Opportunities in the Emerging Countries
- Advent of IoT Connected 3D Food Printers
Companies Featured
- 3D Systems Corporation
- BeeHex Inc.
- Biozoon Food Innovation GmbH
- byFlow
- Choc Edge Ltd.
- Katjes Magic Candy Factory
- Natural Machines
- Print2Taste GmbH
- Systems & Materials Research Corporation
- TNO (Netherlands Organisation for Applied Scientific Research)
Key Topics Covered
1 Market Dynamics
2 Competitive Landscape
3 Industry Analysis
4 Global 3D Food Printing Market by Technology
5 Global 3D Food Printing Market by Vertical
6 Global 3D Food Printing Market by Food Type
7 Global 3D Food Printing Market by Region
8 Company Profiles
9 Research Scope and Methodology
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