3D Food Printing Market SHARE, TREND, OPPORTUNITY AND FORECAST

Global 3D Food Printing Market Overview

3D printing is an innovative way of structuring an object or creating layer by layer. A design of the product is developed into the computer and the same system is integrated with the machine. Small granules of the raw materials are feeded into the machines that are further released by the robot arm to form the 3D shape. The similar technology is applied for creating food products. 3D technology printers not only help in the formation of the 3D shape but also deliver the food with eye pleasing taste and most importantly the taste.

The technology has brought the tremendous change in the food industry with several companies across the globe trying their hand at 3D printing food. 3D printing technology involves a process known as additive manufacturing, wherein 3D deposition printers slowly deposits the layers of materials, one of the top of the other, until a product is released. 3D printers are used for manufacturing and creating food utilizes lasers, powdery materials and nozzles and is opening the new doors for the customization of the food products with a delivery of potent mix of the right nutrients. Different printers are used for creating the image of the food and among them one is ChefJet manufactured by the 3D systems. It crystalizes the thin layers of fine grain sugar into a variety of geometric configurations. Choc-Edge, another printer from Barcelona based Natural Foods, dispenses chocolate from syringes into a beautifully melty patterns. Moreover, the cutting-edge printers can handle more tasks as compared to the ChefJet and Choc-Edge printers. The Foodini, for example uses fresh ingredients loaded into stainless steel capsules to make foods like pizza, brownie and stuffed pasta.

The time and effort saved by the 3D food printers has led to their adoption across the various companies globally. With the democratization of the technology, 3D printers can print various foods, including chocolate. The printers can print the complicated chocolate sculptures and beautiful pieces for decoration on a wedding table. This has been made possible with these printers as these printers reduce time which otherwise is possible only through the years of experience.

Market Size and Forecast

The market is expected to expand at a CAGR of 50% during the period 2017-2024 and is expected to reach USD 400 million by 2024. The market growth is driven by the factors such as growing demand for customized food and increasing demand from the healthcare applications. Food Ink, a 3D printed restaurant serves the deserts to the customers that are 3D printed.



Further, a German nursing home, uses a 3D printer to create a food product called Smoothfoods that is a mixture of mashed peas, carrot and broccoli. Moreover, the consumer with 3D printer at home could log into an online database of recipes and could design his own meal as long as there are right ingredients in the meal.

Market Segmentation:

Our in-depth analysis of the Global 3D Food Printing market includes the following segments:

By Ingredient:

Dough
Fruits and Vegetables
Proteins
Sauces
Dairy Products
Carbohydrates
By Application:

Retail Stores
Bakeries
Confectionaries
Restaurants
Residential
Global 3D Food Printing Market is further classified on the basis of region as follows:

By Region

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers and Challenges

The global market for 3D printers is driven by the need for customization as 3D printing saves both time and effort. The actual nutrients can themselves be customized, so consumers can benefit from tailor made food for their dietary requirements. 3D printing allows preparation of easy to chew food, having the composition specific to the nutrient requirement of the patients. This is likely to help in feeding the old patients with the food rich in specific nutrients, based on their requirements. Further, the innovation in healthy food has expanded the market to the global level. The 3D food printers are used to create a cracker-like yeast structures that include spores and seeds that sprout with time. Moreover, 3D printing has the ability to supply an ever-growing world population as compared to the traditional food manufacturing systems. 3D food printers also have the potential to revolutionize nutrition i.e. they can determine the exact amount of the vitamins, carbohydrates required without any hard work. It also allows the consumers to print food with customized nutritional content that is optimized on the basis of the biometric and genomic data. The personalization of the nutritional based food has thus lead to the expansion of the market as it helps the consumers by creating a nutritional based food according to their demand. The market has also expanded due to the applications in the healthcare sector. 3D printers also help the patients who are suffering from the ailments and allergies by enabling them to use the technology that purees vegetables like carrots and broccoli into nutritional, easy to chew soft-molds of their original shape. WASP, a 3D printing company based in Italy, is testing a printer that can produce gluten-free versions of popular foods. However, the market growth is hindered by the slow process of 3D printing which requires cooling many a times before the food can be consumed. Moreover, the food customization techniques are less effective and at the same time, the manufacturing cost is high.

In terms of geography, Europe is dominating the market due to the rapid adoption of the technology by the consumers and implementing it to the daily food making procedure. Moreover, the 3D food printing market in Asia Pacific is expected to grow during the forecast period. Factors such as a high rate of aging and poverty, and lack of adequate amount of food to feed the population are likely to contribute to the growth of the market in Asia Pacific during the forecast period.

Key Players

Natural Machines
Company Overview
Key Product Offerings
Business Strategy
Financials
Choc Edge
TNO
By Flow
Print2taste GmbH
CandyFab
Beehex
Nu Food
SMRC
3D Systems
Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Travel Insurance Market is segmented as follows:

By Ingredient Market Size and Y-O-Y Growth Analysis
By Application Market Size and Y-O-Y Growth Analysis
By Regions

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and Africa (MEA) Market Size and Y-O-Y Growth Analysis
Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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