PUNE, India, April 24, 2017 /PRNewswire
According to the new research report "3D Food Printing Market by Ingredient (Dough, Fruits and Vegetables, Proteins, Sauces, Dairy Products, Carbohydrates), Vertical (Government, Commercial, and Residential), and Geography - Global Forecast to 2025", published by MarketsandMarkets™, the market is expected to be valued at USD 425.0 Million by 2025, growing at a CAGR of 54.75% between 2018 and 2025.
The growth of this market is mainly driven by factors such as growing market for customized food and increasing demand from the healthcare applications.
Commercial vertical expected to lead the 3D food printing market between 2018 and 2025
Commercial vertical is expected to hold the largest size of the 3D food printing market by 2025, and expected to grow at a high rate during the forecast period. Currently, the 3D food printers are mostly used to print chocolates, candies, and bread products due to the rise in demand of customized chocolates and cakes from the consumers. Most of the 3D food printer manufacturing companies focus on the users from the commercial vertical as their most potential clients as it is easy to provide training and maintenance services to them.
Market for carbohydrates expected to grow at a significant rate between 2018 and 2025
The 3D food printing market for carbohydrates is expected to grow at the highest rate between 2018 and 2025. The fastest growth of this segment is attributed to the preferable use of 3D food printers for the production of customized chocolates and other sweet food items such as donuts, candies, and pancakes, which involve carbohydrates as the main constituent.
North America expected to hold the largest market share in 2018, and the market in APAC expected to grow at the highest rate during the forecast period
North America is expected to hold the largest share of the 3D food printing market in 2018, and the market in APAC is expected to grow at the highest rate between 2018 and 2025. The presence of major 3D food printing companies in North America region is helping the growth of the market in this region. Also, the US government allocates a large amount of budget on the healthcare sector, which allows it to spend significantly on the application of this technology in the healthcare sector. 3D food printers provide food rich in specific nutrients, and this food eases chewing and swallowing for the old patients, aiding convenience in feeding the patients.
Illustration Photo: 3d printed muffins (credits: Yelp Inc. / Flickr Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))