3D Food Printing Market Trends

Growth Drivers

• Rapid Growth in the Hospitality and Tourism Industry with Rising Living Standards - For instance, during the year 2021, the global hospitality and tourism industry generated USD 3950 billion in sales. An estimated 400 million tourists travelled worldwide in 2021.
• 3D food printing technology is highly popular in the hospitality industry. It has gained the attention of many famous chefs around the world as 3D food printers are capable of printing complicated designs impossible to print manually. A growing number of tourists are expressing a desire to try traditional dishes from their countries in customized forms. In addition, the rapid expansion of the hospitality industry is anticipated to drive the 3D food printing market growth during the forecast period.
• Rising Demand for Customized Food Across the World – It was observed that a fast-food restaurant's ability to customize its orders is very important to 60% of consumers, and a fast-casual restaurant's ability to do so is equally important to 63% of consumers.
• Emergence of Innovative Products by Manufactures of 3D Printing - For instance, FELIXprinters launched a series of food 3D printers. It features one syringe that can be used to print pastes with a height of up to 17 cm accurately. Twin Head Food 3D printers have two fixed print heads. 
• Rising Disposable Income of People in Developing and Lo-Income Countries - Between July 2022 and July 2023, US personal income increased by USD 47 billion (0.2%) and US disposable personal income (DPI) rose by USD 37.6 billion (0.2%), as per the data by the Bureau of Economic Analysis. 
• Increasing Spending on Food and Snacks with Increasing Preference to Experience New Things - According to Economic Research Service, in 2021, food budgets accounted for 10% of disposable income, up from 9% in 2010. Consumers in the U.S. spent about 10.1 percent of their disposable income on food in 2021.

Challenges

• Slow Processing Time Consuming Process Involved In 3D Food Printing- The 3D food printing process is time-consuming compared to the other conventional methods. The reason is the printing time was slow as the printer needs to be highly precise. Also, the printed food has to be cooled to become solid and compatible to eat. It takes time to print or design a bar of chocolate as it takes around 35 minutes on average which consumers cannot wait for and this hinders the market growth.
• Inconsistency in Flavor and Texture
• High Manufacturing Cost