Chicago, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The edible inkjet ink market refers to the industry that produces and sells inkjet inks that are safe for human consumption. These inks are primarily used for printing images, designs, and text onto food products, such as cakes, cookies, chocolates, and other edible items. Consumers are increasingly looking for personalized and custom-made food products. Edible inkjet inks allow bakeries and food manufacturers to print intricate designs, photographs, and messages on edible items, catering to individual preferences and special occasions.
How big is the edible inkjet ink market?
The global edible inkjet ink market is projected to reach from 26 million in 2022 to USD 33 million by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The edible inkjet ink market is growing at a stable pace with various acquisitions and partnerships among the industry participants. In January 2022, Union Chemicar expanded its production facilities of inkjet, thermal inkjet and edible inks, and stationery items such as correction and glue tapes from Japan to different international locations.
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Edible Inkjet Ink Market Scope:
| Report Metric | Details |
| Market valuation in 2022 | USD 26 million |
| Revenue forecast by 2027 | USD 33 million |
| Growth rate | CAGR of 4.5% |
| Forecast period considered | 2022–2027 |
| Segments covered | By Type, Color, Material, End Use, Application, and Region |
| Regions covered | North America, Europe, Asia Pacific, And Rest of The World |
| Market Driver | Increasing Demand for Personalization of Food Products |
| Market Opportunities | Edible Inkjet Ink Increasingly Favorable for Food Packaging |
Who are the top edible inkjet ink market manufacturers?
List of Top Companies Operating in the Edible Inkjet Ink Industry Worldwide:
- Sun Chemical Corporation (US)
- Toyochem Co., Ltd. (Japan)
- Linx Printing Technologies (UK)
- Union Chemicar Co., ltd. (Japan)
- The Cake Decorating Co. (UK)
- MagicFrost (US)
- Icing Images (US)
- Icinginks (US)
Edible Inkjet Ink Market Report (312 Pages, 233 Tables, and 44 Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=4751803
What are the driving factors of edible inkjet ink market?
The Edible Inkjet Ink Market is influenced by several key driving factors, which have contributed to its growth and continued relevance in the food and baking industry. These driving factors include:
- Consumer Demand for Personalization: In an era of personalization and customization, consumers seek unique and tailored food experiences. Edible inkjet inks allow for the printing of personalized messages, images, and designs on edible items, meeting this growing demand.
- Special Occasions and Celebrations: Edible inkjet inks are frequently used to create custom decorations for special events like birthdays, weddings, anniversaries, and holidays. The ability to add personalized touches to these occasions has boosted the demand for these inks.
- Innovation in Food Decoration: The food industry is constantly innovating to attract consumers. Edible inkjet inks offer a creative and eye-catching way to decorate food items, making them more appealing to customers.
- Food Safety Compliance: Edible inkjet inks are formulated with ingredients that meet strict food safety regulations. They are designed to be safe for human consumption, ensuring that printed designs do not pose any health risks to consumers.
- Versatility and Application: These inks can be used on a wide range of food products, including cakes, cookies, chocolates, and more. Their versatility makes them valuable tools for professional bakers and confectioners.
- Ease of Use: Edible inkjet printers are user-friendly and require minimal training to operate. This accessibility has led to an increase in the number of home bakers and small businesses using these inks.
- Online Marketplaces: The growth of online marketplaces and e-commerce platforms has made it easier for consumers to order customized edible items. This trend has driven the demand for edible inkjet printing services.
- Technological Advancements: Ongoing advancements in inkjet printing technology have improved the quality and accuracy of prints, making edible inkjet printing more attractive to both businesses and consumers.
- Rise in DIY Baking: The do-it-yourself (DIY) baking trend has gained popularity, with more people experimenting with baking and cake decorating at home. Edible inkjet inks play a significant role in enabling DIY enthusiasts to create professional-looking designs.
- Food Industry Collaboration: Collaboration between ink manufacturers, food decorators, and technology companies has led to the development of new and improved edible inkjet ink formulations and printing systems.
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Which segment of edible inkjet ink market is expected to dominate the market with the largest share?
The pharmaceutical industry has seen a rise in the deployment of printing technologies between 2010 and 2020. Inkjet printing is a non-contact method for producing orally administered formulations. In terms of pharmaceutical technology, drop-on-demand thermal inkjet printing offers a variety of benefits. The formulation is based on digital designs that have already been created, and it makes it easier to deposit small volumes of liquid onto edible surfaces. Inkjet printing has been used in conjunction with other formulation techniques to create hybrid medication delivery systems. Not just this, manufacturers have been using edible inkjet inks on tablets and capsules to print brand logos on the product for promotional purposes.
Which region is witnessing the highest growth rate in the edible inkjet ink market?
North America is one of the key contributors when it comes to development and application of new technologies. The well-developed manufacturing industry, availability of advanced machinery, qualified technicians, and innovative ideas among others are some of the key factors contributing to the development of technologies for edible inkjet ink printing. Countries such as US and Canada contribute majorly to the growth of markets in North America. The proliferating bakery and confectionery industry in the US supports the growth of customized products. Personalized gifting trend of printed cakes and cookies accelerates the growth of edible inks required for printing. There is a wide scope for the edible inkjet ink market to grow in the US. Direct on-food printing is a recent marketing strategy applied by start-ups and established companies both to improve the sales of convenient foods by customizing conventionally processed food products and making them more appealing to consumers.
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