3D Food Printing Market worth 425.0 Million USD by 2025 with a growing CAGR of 54.75%
3D Food Printing Market by Ingredient (Dough, Fruits and Vegetables, Proteins, Sauces, Dairy Products, Carbohydrates)
United States, 13 June 2019 -- 3D Food Printing Market by Ingredient (Dough, Fruits and Vegetables, Proteins, Sauces, Dairy Products, Carbohydrates), Vertical (Government, Commercial, and Residential)
The overall three-dimensional (3D) food printing market is expected to be valued at USD 425.0 Million by 2025, growing at the CAGR of 54.75% between 2018 and 2025. Increasing demand for 3D food printers and three-dimensionally printed food from hospitality industry pose a key opportunity for the market. The benefit of getting food rich in specific nutrients, growing market for customized food, and rising demand from the healthcare applications are some of the key factors driving the 3D food printing market.
The key players operating in the 3D food printing market include the major players striving for development of 3D food printing technology; these players are TNO (Netherlands), 3D Systems (US), Natural Machines (Spain), Systems And Materials Research Corporation (US), By Flow (US), Print2taste GmbH (Germany), Barilla (Italy), CandyFab (US), Beehex (US), Choc Edge (UK), Modern Meadow (US), Nu Food (UK), and North branch Everbright (China). Most of the leading companies focus on the organic growth strategies such as new product launches and developments and inorganic strategies such as agreements, partnerships, and collaborations to boost their revenues.
Top 2 players in the 3D food printing market:
3D Systems (US) holds a leading position in the global 3D food printing market due to its wide geographic presence and strong R&D capabilities, with offices and distributors spread across more than 80 countries including US, France, Germany, Italy, Switzerland, the UK, China, Korea, and Japan. 3D Systems Corp. is a provider of design-to-manufacturing solutions for 3D printing. The company offers 3D printers, Quickparts solutions, 3D authoring tools and scanners, bespoke modeling, and team platform. The company also provides solutions for healthcare applications, such as end-to-end simulation, training and planning, and printing of surgical instruments and devices for personalized surgery and patient-specific medical and dental devices. 3D Systems presents a broad portfolio of printers which includes stereolithography (SLA) printers, selective laser sintering (SLS) printers, direct metal printing (DM) devices, multi jet printing (MJP) devices, color jet printing (CJP) devices, film transfer imaging (FTI) printers, and plastic jet printing (PJP) devices.
3D Systems have set up 3D Systems Culinary Lab. The lab is learning, collaboration, and exploration space, where chefs and food innovators experience the intersection of their traditional craft and 3D printing. This unique asset is a testing ground where the food industry helps create a culinary ecosystem involving the adoption of 3D printed food and mixology of the future. This shows the company’s growing interest in the 3D food printing market. The company has also partnered with the Culinary Institute of America (US) to explore the intersection of 3D printed food and traditional artisan culinary methods. The company’s 3D food printer, named, ChefJet Pro is capable of printing many food items including chocolates and candies. Along with its capability to print a variety of food items, the global presence of the company is likely to help the company to compete strongly with other regional players. In 2015, the company acquired Cimatron Ltd. (Israel), a provider of integrated 3D CAD/CAM software and solutions; the acquisition was worth USD 77,984. The operations of Cimatron have been integrated into the company’s products and service revenues segments, which is further expected to help the company to strengthen its market position.
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