“The edible inkjet ink market value was US$ 27.2 million in 2023 and is likely to grow at a decent CAGR of 4.6% in the long run to reach US$ 37.2 million in 2030”.
Market Dynamics
Introduction
The edible inkjet ink market refers to the industry of printing that produces ink specifically for inkjet printers that print on edibles and sell them to potential customers. These are made from food-grade ingredients that can be consumed without harming your body.
This market has grown significantly in the last few years which is driven by the customization in the food industries such as in bakeries, confectioneries, and catering services.
Recent Market JVs and Acquisitions:
A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In March 2022, Sun Chemical Corporation launched a range of FSR Edible Inkjet inks for the application of pharmaceutical and food, with direct printing.
- In January 2022, Union Chemical expanded its production facilities of thermal inkjet, inkjet, and edible inks. This aims a global presence.
- In June 2021, Sun Chemical partnered with VPK France to develop sustainable ink products.
Market Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Segments with High Growth Opportunity
|
|
Type
|
Edible Ink Cartridges and Bottled Edible Ink.
|
Edible Ink Cartridges is expected to dominate the edible inkjet ink market.
|
|
Material
|
Natural and Synthetic
|
Natural Edible Inkjet Ink is witnessing a higher growth rate in the forecast period.
|
|
Color
|
Cyan, Magenta, Yellow, and Black
|
Black Color holds the largest share and will continue to dominate the market in this segment.
|
|
End Use
|
Industrial, Food Service, and Household
|
Household is expected to dominate the end-use segment in the forecast period.
|
|
Region Analysis
|
North America, Europe, Asia Pacific, and The Rest of the World
|
North America is expected to have the highest growth opportunity over the forecasted period.
|
By Type
“Edible Ink Cartridges is projected to hold the larger market share in the edible inkjet ink market.”.
- Rising demands for personalized goods in the market increase the demand for edible inkjet ink market.
- It is used in various industries such as in baking, confectionery, and food decoration.
By Material
“Natural Edible Inkjet Ink is expected to experience the most significant growth rate in the edible inkjet ink market.”.
- There is a growing preference for natural products among consumers eliminating the artificial ingredients.
- Natural edible inkjet ink fulfills all the regulatory standards and certifications related to food industries.
By Color
“Black Color is expected to make the most significant contribution to the edible inkjet ink market.”.
- Blank ink is a fundamental color in printing, which can be used to draw and outline while customizing any food item, especially by the bakers.
- In many applications black is the primary color, also black inks are sold separately in high quantities because of their higher demand in the market.
By End Use
“Household is expected to make the most significant contribution to the edible inkjet ink market.”.
- Household is expected to make the most significant contribution to the edible inkjet ink market due to its various purposes in households such as personalized baking and customized edibles.
Regional Analysis
“North America is anticipated to offer the most significant growth potential during the forecasted period.”.
- North America with its huge consumer base and infrastructure favors the growth of the edible inkjet ink market.
- The growing number of bakers in North America significantly contributes towards the edible inkjet ink market which is driven by customized edible products.
Key Players
The market is highly fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the edible inkjet ink market:
Here is the list of the Top Players (Based on Dominance)
- Sun Chemical Corporation
- Toyochem Co., Ltd.
- Linx Printing Technologies
- Union Chemicar Co., ltd.
- The Cake Decorating Co.
- MagicFrost
- Icing Images
- Icinginks
- Edible Supply
- Edible Image Supplies
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The edible inkjet ink market is segmented into the following categories.
Edible Inkjet Ink Market, by Type
- Edible ink cartridges (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Bottled edible ink (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Edible Inkjet Ink Market, by Material
- Natural (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Synthetic (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Edible Inkjet Ink Market, by Color
- Cyan (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Magenta (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Yellow (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Black (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Edible Inkjet Ink Market, by End Use
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Food Service (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Household (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Edible Inkjet Ink Market, by Application
- Bakery (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World
- Tablets & Capsules (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World
Edible Inkjet Ink Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, UAE, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Edible Inkjet Ink market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
