Global 3d Food Printing Market was valued US$ 325.12 Mn in 2019 and is expected to reach US$ 1053.65 Mn by 2027, at a CAGR of 15.83% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Market of global 3D food printing is expected to be driven by increasing market need for mass customization, ability of 3D printers to prepare food which is appropriate and time saving, customization of nutrients required by distinct in their food products, getting the benefit of substitute ingredients and others. The world is getting more self-centered they are going for more customization and so their food. Market need for mass customization is increasing and is going for different shapes, colors, flavors, nutrition and textures. This customization is done mostly on food products like coffee, hamburgers, ice cream, cake, biscuits, confectionary and others.
Technology is also one of the driving force behind 3D food printing market. With the enhancement in technology came up micro oven in every home. However, many of the ingredients which are used for 3D printing are converted to paste. There are limited food which can be made into paste. 3D food printing is also a slow process which requires cooling many a times before the food can be consumed. Requirement of 3D food printing is that it can overcome the trend of prevailing food customization techniques which is less effective and at the same time its manufacturing cost is high.
The 3D food printing market is segmented by ingredient, depending upon the necessity of carbohydrate in the body, 3D food printing could allow the consumers design their food. A person requiring high carbohydrate and low protein could set the proportion accordingly to get food of his choice, which in turn could develop the way to control the nutrient intake. Also, most of the printers showcased by the companies presently print food rich in carbohydrates such as chocolates, candies, donuts, and pancakes. Thus, carbohydrates are anticipated to hold the largest size of 3D food printing market.
The companies in 3D food printing market are strengthening their product portfolios by increasing their R&D investments. The key players in 3D food printing market are gradually more undertaking partnerships and collaborations to develop new technologies.
Geographically, Europe is leading the market due to the rapid adoption of the technology by the consumers and implementing it to the daily food making procedure. Additionally, 3D food printing market in Asia Pacific is anticipated to grow during the forecast period. Factors such as a high rate of aging and poverty, and lack of sufficient amount of food to feed the population are likely to contribute to the growth of 3D food printing market in Asia Pacific during the forecast period.
The report for global 3D food printing market will helps to decision maker, as impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures vendor’s strengths and opportunities against present market challenges. Also, the report also measures technology life line curve and market time line to analyze and do more affective funds.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global 3d Food Printing Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global 3d Food Printing Market.
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Scope of Global 3d Food Printing Market
Global 3d Food Printing Market, By Ingredient
• Fruits and Vegetables
• Dairy Products
Global 3d Food Printing Market, By Vertical
• Catering services
• Bakery stores
• Many other applications
Global 3d Food Printing Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global 3d Food Printing Market
• TNO (Netherlands)
• 3D Systems (US)
• byFlow (Netherlands)
• Natural Machines (Spain)
• Systems And Materials Research Corporation (US)
• Beehex (US)
• Choc Edge (UK)
• Modern Meadow (US)
• Nu Food (UK)
• North branch Everbright (China)
• Print2taste GmbH
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