Gummy Supplements Market 2023 Size, Share, Growth | Report 2028

The global Gummy supplement market is projected to reach USD 48.5 billion by 2028 from USD 24.6 billion by 2023, at a CAGR of 14.5% during the forecast period in terms of value. The World Health Organization (WHO) estimates that more than two billion people worldwide suffer from micronutrient insufficiency. Iron, vitamin A, and iodine deficiencies are the most prevalent worldwide, particularly in youngsters and pregnant women. Micronutrient deficits are disproportionately prevalent in low- and middle-income counties. Micronutrient deficiencies can induce evident and serious health issues, but they can also produce less clinically noticeable decreases in energy, mental clarity, and overall capacity. This may result in poorer academic performance, decreased productivity at work, and a higher chance of contracting other illnesses and medical disorders. A lot of these inadequacies can be avoided by taking supplements. Thus, consumers are gradually adopting gummy supplements which provide the required number of vitamins, minerals, and other micronutrients in a convenient and tasteful form.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39376426

Drivers: Rising rate of vitamin-deficiency diseases and undernutrition

Micronutrient deficiencies impair immune systems, impede infant growth and development, and limit human potential, resulting in increased morbidity and mortality rates. Iron, vitamin A, zinc, folate, vitamin B12, vitamin D, and iodine deficiencies can all have severe health consequences, including increased susceptibility to infections, birth defects, blindness, stunted growth, cognitive impairment, poor school performance and productivity, and even death. Adolescent girls, women of reproductive age (aged 15-49 years), pregnant and lactating women, and young infants are especially vulnerable to the adverse effects of micronutrient deficiency due to high nutritional requirements. It has been demonstrated through various scientific studies that improving diets, fortifying staple foods and condiments, biofortification, and supplementation can increase the intake of micronutrients in the general population or in populations with higher needs. This can reduce the overall burden of maternal and child morbidity, impaired neurocognitive development, and mortality, associated with micro-nutrient deficiencies.

Gummy supplements like vitamins are intended to be more palatable than usual vitamin supplements offered in the form of tablets and capsules so that consumers are more likely to consume them frequently. Additionally, vitamins that are soluble, chewable, sticky, or greasepaint tend to be simpler to digest. Vitamin C and B2 (riboflavin) are the two most frequently used vitamins incorporated in multivitamin gummies.

Opportunities: Growing Gummy Supplements Market Increase in aging population

The WHO estimates that one in six individuals on the planet will be 60 years of age or older by 2030. By this point, 1.4 billion people are anticipated to be over the age of 60, up from 1 billion in 2020. The organization further estimates that between 2020 and 2050, there will be 426 million more people who are 80 years of age or elderly than there are today.

Although the shift in a nation's population distribution toward older ages began in high-income countries (for instance, in Japan, 30% of the population is already over 60 years old), the biggest shift is currently being experienced in low- and middle-income nations. Two-thirds of the world's populace over 60 are expected to reside in low- and middle-income nations by 2050. gummies are soft on the palate and easy to swallow and digest while being loaded with vitamins, minerals, and fibers. Hence, it can be projected that the growing aging population would foster the growth of the gummy supplements market.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=39376426

Gummy Supplements Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of gummy supplemdnts. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.

The key players in this market include GSK PLC. (UK), Church & Dwight CO., INC. (US), H&H Group (Hong Kong), Amway (US), Procaps Group(Luxembourg), The Clorox Company (US), Bayer AG (Germany), Haleon Group of Companies (UK), Catalent, Inc. (US), Nestle (Switzerland), Unilever (UK). in sugar substitutes market include International Flavors & Fragrances Inc. (US), ADM (US), Tate & Lyle (UK), Ingredion (US), and Cargill, Incorporated (US).

Dietary Supplements Market Growth by Emerging Trends, Analysis, & Forecast

According to a research report "Dietary Supplements Market by Type (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes, Probiotics), Function, Mode of Application, Target Consumer, Distribution Channel (Pharmacy, Supermarket/Hypermarket, Online) and Region - Global Forecast to 2028" published by MarketsandMarkets, the dietary supplements market is estimated at USD 167.5 billion in 2023 and is projected to reach USD 239.4 billion in 2028, at a CAGR of 7.4%. A dietary supplement is a product intended for ingestion that contains a "dietary ingredient" intended to supplement the diet. The term "dietary ingredient" includes vitamins, minerals, herbs, botanicals, amino acids, enzymes, and probiotics that are part of the food supply. Some of the other key ingredients include concentrates, metabolites, constituents, extracts, or combinations of any dietary ingredient from the preceding categories. Dietary supplements may be found in many forms, such as pills, tablets, capsules, gummies, soft gels, liquids, and powders. They can also be in the same form as a conventional food category, such as teas or bars.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=973

The high demand for vitamins for all age groups drives the market

Vitamins are required in small quantities, to maintain health and necessary function of the human body. Different vitamins play vital like maintaining bone density, proper hormonal activity, weight, and muscle mass in all humans. Most of these micronutrients like vitamins and minerals need to be taken up from daily diet as they cannot be synthesized by the human body or it produces in lesser quantities. Factors such as consuming processed food, junk food, and lifestyle changes lead to a decrease in vitamin consumption which demands requirement through dietary supplements.

The growing popularity of additional supplements to complement daily diets is projected to boost the additional supplement function segment.

Additional supplements are concentrated sources of nutrients such as minerals and vitamins or other substances with a nutritional or physiological effect. These additional supplements are intended to correct nutritional deficiencies, maintain an adequate intake of nutrients, and support specific physiological functions. They are not medicinal products and as such cannot exert a pharmacological, immunological, or metabolic action. The increasing awareness of overall health and wellness amongst the younger generation is driving the demand for additional supplements.

The increasing trend of consuming liquid beverage supplement is set to dominate the market during the study period

Liquid dietary supplements help to resolve nutritional deficiencies by providing an adequate amount of micronutrients and macronutrients as per the daily recommended dietary allowance for each body type. Since, it helps in curbing malnutrition and nutritional deficiencies, dietary supplements helps in proper physiological functions. They do not possess any pharmacological, immunological, or medicinal action, as they do not posess any active pharmaceutical ingredient. Since, liquid supplements are easy to consume by any age group and the content are easily digestible it is convenient and affordable to use and consume. Due to this factor, the liquid segment would dominate the market.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=973

The need for optimal nutrition due to the changing lifestyle increases the demand for dietary supplements in adults

Over-the-counter dietary supplements are big business. Vitamins and minerals are essential to helping the body develop and function as it should. While most adults get all of what's recommended by eating healthy, some need a little extra nutrient boost. That's where supplements support your body’s needs to stay healthy. Due to their busy lifestyle adults are prone to chronic health conditions and high stress levels. Though supplements do not prevent them from these disorders, it helps the target population to maintain overall good health.

The ease of use further fuels the growth of online distribution channels in the global dietary supplements market

An e-commerce distribution channel is a path through which goods and services flow from producers to consumers. The primary purpose of a distribution channel is to make goods and services available to consumers most efficiently and effectively as possible. According to a survey by TimesNow, on dietary supplements in India conducted in March 2022, around 51% of respondents who took dietary supplements or nutraceuticals stated that they purchased them online. This indicates that most of the people prefer online purchases which fuel the demand for this distribution channel.

Asia Pacific provides the highest growth prospects for the dietary supplements market in 2023

Asia Pacific is a highly diverse market in terms of dietary supplement manufacturing and consumption. The Asia Pacific dietary supplements market in is expected to grow at a significant rate. The population across has been increasingly switching towards a healthier life by the adoption of dietary supplements in different forms, which are naturally sourced. Additionally, the geriatric population has been growing in countries such as Japan, where the demand for geriatric supplements and medicinal supplements is set to grow. Further, after the pandemic countries like India and China are increasingly adopted these supplements apart from daily diet, as a means of prevention and fulfilling dietary requirements. These countries are also offering key players to expand their reach in the dietary supplements market by providing a vast customer base, the focus of the companies operating in the market is shifting towards establishing business and manufacturing facilities, which drives the market in the region.

The prime factor contributing to the growth of dietary supplements in the region is the growing adoption of supplements to meet the intensifying food demand and escalating population. Additionally, key players like Abbott (US), Nestle (Switzerland), and others have a strong presence and market share in the region, which further boost the dietary supplements market in the Asia Pacific.

Key players in this market include Nestle (Switzerland), Abbott (US), Amway Corp (US), Pfizer Inc. (US), ADM (US), International Flavors & Fragrance (US), Otsuka Holdings Co., Ltd (Tokyo), Glanbia PLC (Ireland), GSK PLC. (UK), Bayer AG (Germany), Herbalife International of America, Inc. (US), Nature's Sunshine Products, Inc (US), Bionova (Canada), ArkoPharma (France), American Health (US), Pure Encapsulation (US), H&H Group (Hong Kong), Nu Skin (US), Power Gummies (India), Biomedical Research Laboratories (US), HealthKart (India), NutriScience Corporation (US), Nature's Essentials (US), and Life Extension (US)

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Foliar Spray Market Growth Opportunities by 2028

According to a research report "Foliar Spray Market by Type (Nitrogenous, Phosphatic, Potassic and Micronutrients), Form (Powder and Liquid), Application (Horticultural Crops, Field Crops, Turfs Ornamentals), Region ( North America, Europe, Asia- Pacific) - Global Forecast to 2028" published by MarketsandMarkets, the global foliar spray market will grow from USD 7.3 billion in 2023 to USD 9.6 billion by 2028, growing at a CAGR of 5.5% during the forecast period. Foliar spray is becoming increasingly popular in the agricultural industry due to its numerous advantages over traditional soil-based fertilization methods. One of the main drivers of the foliar spray market growth is the increasing demand for food due to the rising global population. The foliar spray technique is a highly effective way to increase crop yields, as it allows for the precise application of nutrients and pesticides directly to the plant's leaves. In addition to its effectiveness, foliar spray is also more environmentally friendly than traditional soil-based fertilization methods. Because it allows for more precise application of nutrients and pesticides, there is less waste and runoff, which reduces the risk of pollution and environmental damage.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147891879

The Micronutrients foliar sprays segment is driving the market due to advancements in agriculture industry

The foliar spray of micronutrients either as individual, specific compounds or in combination with other micronutrients is widely employed. A foliar treatment is efficient than a soil application at improving plant internal processes, cell homeostasis, water relations, productivity under abiotic challenges and it provides nutrients directly to the leaves where they are easily absorbed. Consumers are increasingly demanding high-quality and nutritious crops, which has led to a rise in the use of foliar sprays. These sprays help in improving the quality of the crops by providing essential micronutrients. Farmers are becoming more aware of the importance of micronutrients for plant growth and are using foliar sprays to provide these nutrients to their crops. Manufacturers are investing in research and development to develop advanced foliar spray formulations that provide better nutrient uptake and absorption by plants. These advancements are driving the growth of the market.

The liquid foliar sprays segment is driving the market in the foliar spray in 2023

Liquid foliar sprays are typically made up of a mixture of water and nutrients, such as nitrogen, phosphorus, and potassium, along with micronutrients like iron, manganese, and zinc. These nutrients are dissolved in water and sprayed directly onto the leaves of plants, where they are absorbed and utilized by the plant. They provide plants with a quick boost of nutrients when they are needed most, such as during periods of rapid growth or when plants are experiencing stress. Liquid foliar sprays are also beneficial because they bypass soil-related issues that may limit nutrient uptake in the plant's roots. Additionally, liquid foliar sprays improve the overall health of plants by providing them with a more balanced and complete nutrient profile. Liquid foliar sprays are a valuable tool for growers and gardeners looking to support the growth and health of their plants. By providing a quick and easy way to deliver nutrients directly to the leaves of plants, liquid foliar sprays help plants to thrive and reach their full potential.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=147891879

North America region is witnessing the growth in the foliar spray market due to increasing demand for high-value crops

The demand for high-value crops such as fruits, vegetables, and ornamental plants is increasing in North America, which has led to the adoption of advanced farming techniques such as foliar spraying. Foliar sprays help improve the yield and quality of these crops, leading to higher profits for farmers. As more farmers learn about the benefits of foliar spraying, the demand for these products is increasing. Foliar sprays help improve crop health, increase yields, and reduce the need for other inputs such as fertilizers and pesticides. As a result, more farmers are adopting foliar spraying as part of their overall crop management strategy. Precision agriculture is an approach to farming that uses technology such as GPS and sensors to optimize crop production. Foliar spraying is an important part of precision agriculture, as it allows farmers to target specific areas of their fields with the nutrients or pesticides they need. As precision agriculture becomes more widespread, the demand for foliar sprays is increasing. Overall, the foliar spray market in North America is growing due to the increasing demand for high-value crops, the adoption of precision agriculture practices, the development of innovative formulations, the increasing demand for organic food, and favorable government policies.

The key players in foliar spray market include Eurochem Group (Switzerland), Nutrien Ltd. (Canada), Yara (Norway), Israel Chemical Limited (Israel), Coromandel International Limited (India) and The Mosaic Company (US).

Fruit Fillings Market Growth by Emerging Trends, Analysis, & Forecast

According to a research report "Fruit Fillings Market by Filling Type, Fruit Type (Berries, Citrus Fruits, Tropical Fruits), Application (Bakery, Confectionery, Dairy, Ice Cream, Beverages), and Region (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2028" published by MarketsandMarkets, the global Fruit Fillings market is projected to reach USD 3.8 billion by 2028 from USD 3.0 billion by 2023, at a CAGR of 4.6% during the forecast period in terms of value. The market has been growing steadily in recent years, driven by increased consumer demand for convenience foods, the popularity of on-the-go snacks, and the rise of e-Commerce platforms. Moreover, the consumers are inclined towards premium products and exploring new cuisines. They are willing to spend extra for high-quality and nutritious products with low-calorie, less sugar, and this trend is expected to continue. Thus, the growth of this market is majorly attributed to the growing changing consumer preferences and the increasing demand for natural, healthier, and tasty food ingredients.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150631672

Fruit fillings without pieces segment is anticipated to have the largest share among the filling types in 2023

The global market for fruit fillings without pieces is currently experiencing tremendous growth. Fruit fillings without pieces typically have delicious fruity flavors and all the necessary micronutrients. As the fruit fillings without pieces, which are generally in pureed, paste or sauce format, are convenient and has versatility properties to use into various food and beverage applications. These factors are anticipating the growth of fruit fillings market.

The berries segment is projected to grow at the fastest rate among all the other fruits in the Fruit Fillings market in 2023

Berries are one of the most popular fruits used in fruit fillings due to their unique flavor, nutrition, and vibrant colors. Berries like strawberries, blueberries, raspberries, blackberries, and cranberries are commonly used in fruit fillings for bakery and confectionery products such as cakes, pastries, pies, and donuts. The production of berries for food processing industry has been steadily growing which is indicating a growing demand for value-added berry fruit products, which drives the market for fruit fillings.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=150631672

Asia Pacific region is witnessing the highest growth rate in the Fruit Fillings market

Due to the increased demand for bakery and confectionery products and the rise of the middle-class population along with their increasing disposable income levels in emerging economies such as India, China, and Indonesia have contributed to the growing demand for fruit fillings in the region.

Additionally, according to 2022 analysis from the Institite of Grocery Distribution, the grocery retail market in China is the largest grocery market in Asia Pacific which is growing rapidly year-on-year. This expansion in modern retail channels which offer wide range of food and beverage products coupled with the rising consumption of baked goods is boosting the market for fruit fillings.

The key players in the fruit fillings market include Puratos Group (Belgium), Dawn Food Products Inc. (US), Agrana Beteiligungs- AG (Austria), CSM Ingredients (Luxembourg), Bakels Worldwide (Switzerland), Barry Callebaut (Switzerland), Andros Group (France), Zentis Gmbh & Co. KG (Germany), Rice & Company Inc. (US), and Fruit Filling Inc. (US).

Upcoming Growth Trends in the Cocoa and Chocolate Market

The cocoa market is projected to reach USD 26.3 Billion by 2027 growing at a CAGR of 4.5% from 2022 to 2027. The chocolate market is projected to reach USD 160.9 Billion by 2027 growing at a CAGR of 4.7% from 2022 to 2027. The rising demand for cocoa in the food processing industry propels the growth of the cocoa market. The steadily growing awareness of the health benefits of cocoa is a major propellant for the growth of the market.

The key players in cocoa and chocolate market include Mars, Inc. (US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co. Ltd.(Japan), Ferrero International(Italy), Olam Group (Singapore), Barry Callebaut(Switzerland), Cargill Incorporated (US), Cocoa Processing Company (Ghana), Archer Daniel Midland (ADM) Company (U.S.), Chocoladefabriken Lindt Sprüngli AG (Switzerland) and Pladis Global(UK) among others.

With the growing awareness about health, an increasing number of consumers are prioritizing their health and following specific diets with specific needs. This propels the demand for dark chocolate with high cocoa and less sugar. Cocoa is the major raw material required to manufacture chocolate. The slightest turbulence in the cocoa market would lead to price fluctuations. According to the International Cocoa Organization, the world’s largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair-trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions Therefore, measures such as implementation of National Cocoa Development Plan (NCDP) in the member countries of ICCO are being undertaken to improve the production of cocoa. Initiatives like these gives a promising outlook towards fulfilling the rising demand for cocoa globally. The cocoa chocolate market players are showing trends of pursuing both organic as well as inorganic strategies for their expansion, consolidation, and sustainability in the market. 

Mondelez International is one of the leading providers and distributors of high-quality snacks. It provides a wide range of snacking product portfolios to its customers worldwide. The company has its presence in regions such as Asia, the Middle East, Africa, Europe, Latin America, and North America. It has operations in over 80 countries. The company’s product category includes beverages, biscuits, chocolate, gum, and candy. Mondelez now owns some of the most famous chocolate and confectionery brands such as Oreo, Milka, Toblerone, TUC, and Cadbury. Other bakery brands include Barni, Club Social, Honey Maid, Enjoy Life Foods, Mikado, Newtons, Nutter Butter, Premium, and Prince.

Nestle S.A. is a leading food beverage company. The company operates in seven major segments: powdered and liquid beverages, water, milk products and ice cream, nutrition and healthcare, prepared dishes and cooking aids, confectionery, and pet care. It produces beverages, chocolates confectionery, culinary, chilled frozen food, milk-based products, ice creams, prepared dishes, and pharmaceutical products. Nestle operates globally, with a presence in Europe, the Americas, Asia, Oceania, and Africa. The company mainly operates through its subsidiaries and has 29 RD facilities worldwide.

Mars Inc. is engaged in the production and marketing of branded confectionery, snack foods, main meal foods, drinks, and pet care products. The company’s major business segments include chocolate, pet care, food, Wrigley gum and confections, drinks, and symbioscience. The strategic decisions made by the company are based on five principles: quality, responsibility, mutuality, efficiency, and freedom. The company is present in more than 74 countries, including Canada, the US, Japan, India, and Russia.

What is the current size of the global Cocoa and chocolate market?

Recent Developments:

1. In May 2022, Blommer chocolate partnered with DouxMatok (Israel/USA), a food tech company to launch chocolate and confectionery products.
2. In March 2022, Hershey Company, launched a crunch cookie chocolate spread in India for the consumer's breakfast.
3. In March 2021, Barry Callebaut opened its third factory in India. The new chocolate factory consists of an RD lab and assembly lines capable of manufacturing various needs of customers – international food manufacturers, local confectioneries, and semi-industrial bakers and patisseries.
4. In March 2021, Cargill has partnered with Nestlé to extend the Nestlé Cocoa Plan (NCP) to benefit its network of cocoa farmers in Sulawesi, Indonesia. Activities include three key NCP pillars: better farming, better lives, and better cocoa.

Meal Replacement Market Growth by Emerging Trends, Analysis, & Forecast

The global meal replacement market size to be valued at $15.5 billion by 2026 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period. This growth is attributed to the increasing prevalence of health issues such as obesity, diabetes, and cardiovascular diseases, which has prompted consumers to become more aware of weight loss and management diets. Meal replacement products, which provide essential nutrients, fiber, and protein within 200 to 400 calories, have become a convenient and all-inclusive option for individuals seeking a healthier lifestyle. As a result, the demand for meal replacement products is anticipated to continue growing, contributing to the market's expansion.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=740

Meal Replacement Market Trends

As the global population becomes more health-conscious and the prevalence of overweight issues and diabetes increases, the demand for meal replacement products is expected to grow. Nutritional supplements that aid in weight loss are becoming more relevant as people seek out efficient ways to shed pounds. This increased demand has led to a surge in investment in the market.

However, the high cost of meal replacements compared to conventional meals can be a barrier to growth. The additional manufacturing techniques used to enhance the nutritional value of these products contribute to their higher price point. Despite this challenge, the growing awareness of the benefits of healthy eating habits is expected to fuel the market's growth.

In developing regions, the rising incidence of chronic diseases and obesity rates, combined with an increasing interest in health and nutrition, is driving demand for meal replacement products. As consumers become more aware of the importance of consuming nutritious foods, the market for these products is expected to expand. This presents an opportunity for meal replacement manufacturers to expand their businesses into new markets and meet the needs of a growing population of health-conscious consumers.

Make an Inquiry @ 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=740

North America dominated the meal replacement market and is projected to grow with a CAGR of 4.3% during the forecast period (2021- 2026)

North America accounted for the largest market share of 29.5% in 2020 and is expected to grow at a CAGR of 4.6% during the forecast period. CDC suggests that chronic diseases, such as diabetes, cancer, heart disease, and stroke, affect six out of ten Americans. Chronic illnesses are the main contributors to health care costs as well as the major causes of death and disability in the United States.

Dietary Guidelines for Americans (Dietary Guidelines), provided by the US health department, offer recommendations to satisfy nutrient requirements, advance health and fend off diseases The Dietary Guidelines are updated and published every five years by the US Departments of Health and Human Services (HHS) and Agriculture (USDA). The presence of health policies focusing on healthy eating and improved lifestyle choices, together with the willingness of consumers to spend on meal replacement products, contribute to the larger share of the US.

The key players in this market include Abbott Laboratories (US), Amway (US), Glanbia PLC (Ireland), Herbalife Nutrition (US), and Nestle (Switzerland).

Growth Opportunities in the 3D Food Printing Market

The global 3D food printing market is estimated to account for nearly USD 201 million in 2022 and is projected to reach a value of nearly USD 1,941 million by 2027, growing at a CAGR of 57.3% from 2022. Large-scale manufacturing of food in commercial kitchens has exacerbated the problem of food waste. 3D food printing is a distinguished approach to reducing waste throughout consumption by utilizing food products such as meat off-cuts, leftover fruits and vegetables, and seafood by-products. Thus, with increasing awareness among consumers about food wastage and environmental issues, more consumers and food suppliers are anticipated to adopt 3D food printers. This is projected to drive the 3D food printing market.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267692011

Drivers: Bourgeoning demand for gourmet food

3D food printing provides the ability to personalize food according to individual needs. The increasing market for customized food is a major reason for the growth of the 3D food printing market. The advancement in technology has made people busier with their work, and they often fail to experience their favorite food due to the shortage of time. This gives rise to the market for customized food; however, the customized food items need to be mixed with appropriate preservatives to keep them fresh. Frequent consumption of preservatives is not good for health in the long run. Thus, 3D food printing technology provides an option to have homemade freshly cooked food for the users.

Opportunities: Growth in demand from the hospitality industry

The hospitality industry has shown huge interest in 3D food printing technology. The capability of the 3D food printers to print food in various complex designs, which is not possible manually, has gained the attention of many famous chefs around the world. According to the companies offering 3D food printers, it would provide chefs an opportunity to present food with various complex designs, which was not possible through the traditional preparation methods. Although the idea of the companies offering 3D food printers to replace microwaves with 3D food printers for household uses is far from reality, the users are likely to prefer to have food in various designs sometimes for fun. Thus, the hospitality industry is expected to provide ample opportunities for the 3D food printing market.

The commercial segment is estimated to account for the largest share in the global market in 2021

By vertical, the commercial segment is estimated to account for the largest share in the market in 2022. Commercial segment is estimated to witness growth due to major demand of 3D printed food can be served through baking industry, restaurants, confectionaries and retail store. The companies are working on their products to make them more efficient so that they would be able to provide more options for customized food to the customers. For a instance, BeeHex, the company manufacturing the 3D pizza printers, has demonstrated the use of their Chef3D food printer to print pizzas in various shapes. Thus, the ability of 3D food printers to print food in complex designs to provide customized food would drive the market for 3D food printers in coming years with the developments in technology.

Make an Inquiry @
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=267692011

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period

The market in Asia Pacific is projected to grow at the highest rate with the reducing cost of the technology in the coming year. Countries such as China, South Korea, and Japan are working actively in the 3D food printing market, signifying the promising future for 3D food printing technology in the coming years

Key Players:

Key players in this market include 3D systems (US), TNO (Netherlands), NATURAL MACHINES (Spain), Choc edge (UK), Systems & Materials Research Corporation (US), byFlow B.V. (Netherlands), beehex (US), CandyFab (US), ZMORPH S.A (Poland) and Wiiboox (China)