Market Overview
The process of edible printing consists of the application of graphics and edible food colors to a variety of food and bakery products such as cookies, cakes, bread, and pastries, confectionery items like sweets and chocolates, snacks such as crackers, burger buns, bagels, and others. Images or photos are printed on edible icing sheets that are applied to the food products with the help of inkjet printers using edible ink cartridges. The growing demand for printing photographs and images on cakes and other confectionery products helps to boost the market growth. The increasing demand for innovations in conventional food products and technological advancement in inkjet printing is fueling the market growth.
The global edible inkjet ink market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 4.69% during the forecast period (2023-2030).
Market Dynamics: Increasing demand for the bakery products creates demand for the edible inkjet ink market
The bakery industry consists of bread, cake, pastries, cookie and crackers, dry pasta, dough, flour mixes, tortilla, and other bakery products. The rapid increase in the global population creates new demand for bakery food products, which helps to boost market growth. According to the United Nations department of Economic and Social Affairs, the Global population reached 8 billion on November 2022, continuously increasing. Increasing consumption of ready-to-eat food across the globe helps to boost the market growth of bakery products. An increase in the consumers’ income also helps increase bakery sales in the market. Also, increasing the trend of celebrations and cake-cutting creates new opportunities for the edible inkjet market. Major key players are trying to attract consumers by launching new innovative products. An increase in the major key player’s initiatives and new product launches for the bakery and food industry helps to boost the demand for the edible inkjet ink market. For instance, in January 2021, DTM printers introduced the world’s first-and-only NSF and GMP-certified edible ink desktop printer for printing onto cookies and other food items. These printers can directly print on cookies, candy, white chocolate, biscuits, macarons, marshmallows, chocolate lentils, and much more.
Market Segmentation: Synthetic segment accounted for the highest share in global edible inkjet ink market
The Synthetic segment accounted largest market share due to the increase in the industrial application of edible ink all over the world. Compared to natural colorants, synthetic colorants produce significantly brighter and more saturated colors, and they have good-quality print pictures. An increase in major key players’ product launches helps boost segment growth in the forecast period. For instance, in May 2022, Sun Chemical offered edible inks specially used for food decoration applications. SensiJet FSE is a synthetic edible ink for low-viscosity printheads. It gives an outstanding print performance and is easy to install and start. Sun Chemical FSR-8 is edible ink designed to work in mid-viscosity printheads at 8cP. It gives excellent color vibrancy, and it gives excellent image sharpness. Also, increase in demand for the printing of various food products such as confectionery like cookies and chocolate and capsules for health foods; printing inks offer all of their ingredients in the form of food additives and food, including edible natural pigments for direct printing on food products.
Geographical Penetration: North America is the dominating region during the forecast period
In 2022, North America had the highest revenue share of almost YY percent. The United States and Canada are major shareholding countries in the region due to the increase in consumers’ disposable income. The United States accounted largest market share in the region due to an increase in the development and applications of new technology. Some of the factors responsible for the growth of edible inkjet ink well-developed industry, availability of advanced machinery and innovative ideas, among others, are some of the key factors responsible for the growth of the market. An increase in the bakery industry in the United States also helps to increase regional growth. An increase in the personalized gifting trend of printing cakes and cookies accelerates the growth of the edible inkjet ink market. In May 2019, Linx printing technology expanded its business in the United States. The company sells Linx 10 laser and thermal transfer printers in North America. Increase in application of edible inkjet inks for baked goods and pharmaceutical industries due to the increasing consumer’s disposable income and awareness of customized baked solutions in the region.
Competitive Landscape:
Global edible inkjet ink market is competitive in nature, with the leading players capturing a whopping share in revenues. Sun Chemical Corporation, Toyochem Co., Ltd., Linx Printing Technologies, Union Chemicar Co., ltd., The Cake Decorating Co., MagicFrost, Icing Images, Icinginks, Edible Supply, and Edible Image Supplies are focused on technology advances for new launches at affordable prices. The major players are utilizing strategies including acquisitions & mergers, regional expansion, and partnerships to stand out as strong competitors in the market. Increased focus on R&D and new product launches are additional ways the key players improve their market presence. Innovation by various leading players in the market is expected to offer lucrative growth opportunities for players in the global edible inkjet ink market. In March 2022, Sun Chemical launched FSR Edible Inkjet Inks, which are suitable for Food and Pharmaceutical Customization with Direct Food Printing. It helped fulfill the food industry’s needs and was verified for printing directly onto food, including baked goods. This technology is suitable for the pharmaceutical and nutraceutical markets, such as printing on pills and capsules. The new product launch supports the new trend of food customization, presenting brands, from small bakeries to industrial production for leading brands. In December 2022, IIT Roorkee developed edible ink for food safety. Printing on fruits and vegetables is used as an alternative to stickers. The newly developed ink is 100% plant-based and water-soluble. This ink is a substitute for synthetic ink, which is environmentally friendly, non-toxic, and suitable for packaging and printing applications.
COVID-19 Impact: Negative impact on the global edible inkjet ink market
In 2020, the COVID-19 pandemic significantly impacted the food and beverage industry. Several food processing companies, bakeries, and patisseries have closed due to strict lockdowns imposed by governments and regulatory organizations worldwide. Due to fewer sales of food goods during the COVID-19 pandemic, various industry participants and manufacturers saw a considerable decline in their sales of edible inkjet ink.
However, the demand for edible inkjet ink post-covid is expected to increase as consumer demand increases due to the increased celebrations globally. Also, demand from the children’s for cakes with photo printing and cookies with attractive designs increased; hence the demand for edible injects ink increased. The food packaging industry is also adopting edible inkjet ink, which further helps to boost the market growth. Edible inkjet inks are used for fruit printing. Increasing global fruit consumption to boost immunity helps to boost the market growth.
The global edible inkjet ink market report would provide an access to approximately 69 market data tables, 64 figures and 200 pages