Global 3D food printing market to reach over half a billion dollars by 2023

Global 3D food printing market to reach over half a billion dollars by 2023

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Image via 3dprintersonlinestore.com

According to a new market intelligence report by BIS Research, titled ‘Global 3D Food Printing Market – Analysis and Forecast 2018-2023’, the global 3D food printing market is expected to reach USD 525.6 million by 2023, rising at a CAGR of 46 percent from 2018 to 2023.

This growth is attributed to the rising awareness among the food innovators about the need to elevate food manufacturing systems as well as by the increasing demand for customized food products with nutrient content tailored for individual dietary needs.

The 3D food printing market is currently dominated by confections such as candies, chocolates, cakes, and pastries. Chocolate, sugar, and marzipan are the most commonly used material for 3D printing, owing to their ability to be easily printed and extruded into different shapes.

Apart from confection items, 3D food printing is rapidly being incorporated in the fabrication of other food articles such as dough-based items, including as pizza, pasta, cookies, and pancakes.

The fabrication of 3D printed meat products is also expected to increase during the forecast period.

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