July 4, 2018 - DUBLIN--(BUSINESS WIRE)
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.
Illustration Photo: Rokit Chocosketch 3D Chocolate Food Printer (credits: Maurizio Pesce / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))