Edible Ink and Accessories Market Forecasts to 2028 – Global Analysis By Product Type (Cartridges, Pens & Markers and Printers), Application (Snacks, Bakery, Confectionery and Other Applications), Sales Channel, End User and By Geography

Edible Ink and Accessories Market Forecasts to 2028 – Global Analysis By Product Type (Cartridges, Pens & Markers and Printers), Application (Snacks, Bakery, Confectionery and Other Applications), Sales Channel, End User and By Geography

According to Stratistics MRC, the Global Edible Ink and Accessories Market is accounted for $29.7 billion in 2022 and is expected to reach $49.9 billion by 2028 growing at a CAGR of 9% during the forecast period. Edible ink printing is the process of using edible ink and a printer to produce digital images, such as photos, onto icing sheets or wafer paper. These can then be used to decorate confectionery items like cakes, cookies, and chocolates. This is specially formulated water-based food-grade colouring supplied in inkjet cartridges for use in dedicated compatible inkjet printers. Edible ink cartridges are available in cyan, yellow, magenta, and black. The rising small scale business and home based bakery services in developed and developing regions stimulate the growth of the market

Market Dynamics:

Driver:

Improvements in weight and pricing

Novel innovations such as 3D printing pens are driving the market. There is a growing need to develop lightweight pens and less-expensive ink cartridges to boost the uptake of these pens. Hence, manufacturers are increasing research & development and tests to compare their offerings in this printing pens with other vendors to improvise on the weight and cost of their products. Online crowd funding platforms are supporting the growth of start-ups looking to enter the market. Therefore, these are the factors enhancing the growth of the market.

Restraint:

Side effects

Cannabis products are nontoxic, and there is a very low risk of a dangerous overdose. It is possible to ingest too much tetrahydrocannabinol(THC) can cause some uncomfortable side effects. Overconsumption of cannabis can cause several side effects like impaired attention and inability to concentrate, nausea, rapid heart rate, muscle contractions or spasms. Hence, these are the aspects restraining the growth of the market.

Opportunity:

Photographic-quality Imagery Gains

The idea of digital ink applied onto edible substrates to create photographic-quality imagery is increasingly gaining popularity as a profitable business model for end users in food service and household alike. Hence, manufacturers are capitalizing on this trend by introducing innovative printers and pens that satisfy the needs of users. They are increasing their research to develop inks and accessories that abide by government norms to bolster their credibility credentials. Therefore, these factors are enhancing the growth of the market.

Threat:

Risk of allergic reactions

Cannabinoids need to bind to fat for the body to process them. Many manufacturers use products such as milk and butter in their edibles to help this process. Other ingredients to look out for include common allergens, such as wheat and nuts. Hence, the risk of allergic reactions in individuals poses as a challenge for product manufacturers.

Covid-19 Impact

Most industries across the world have been negatively impacted. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities. Moreover, consumer demand has also subsequently reduced as individuals are now keener on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affected by this outbreak. However, as respective governing authorities begin to lift these enforced lockdowns, the market is expected to recover accordingly.

The printers segment is expected to be the largest during the forecast period

The printers segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing production capabilities, introduction of new printers. Emergence of new printers is gaining prominence in the market of edible ink and accessories, since the end use preference is shifting from only bakery items to drinks and desserts. There is a growing demand from consumers in households for standalone printers that alleviate the need for connection with other devices.

The bakery segment is expected to have the highest CAGR during the forecast period

The bakery segment is estimated to have a lucrative growth, due to the advancements in the sector, edible ink printing is gaining traction from consumers. Edible ink printing is not only adopted by high-end bakery and cafe franchises, household consumers too are becoming increasingly interested in edible ink printing. This is creating a demand for small- and medium-sized edible ink printing equipment and accessories in the market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising adoption of western cuisine and the baking industry. The pervasively growing startup culture is another key driver for market growth, as more number of consumers coming up with innovative business ideas related to bakery and confectionary products. Hence, these are expected to boost the augmentation of the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to growing demand for fresh cut fruit products. Increasing bakery and baked goods sales, coupled with the increasing consumer awareness of the photo cake and photo coffee products is anticipated to create growth opportunities for the market.

Key players in the market

Some of the key players profiled in the Edible Ink and Accessories Market include Edible Supply Inc., Lexmark International Inc., Canon Inc., Cake Decorating Co., Seiko Epson Corporation, Anycake.com Ltd., Icing Images Edible Image Holdings Pty Ltd., Ink 4 Cakes, Kopykake Enterprises Inc., Bake & Deco Warehouse, Icing Images and Island Inkjet & Laser Toners.

Key Developments:

In June 2022, Edible® Announces Sweet Partnership with TWIX®. Edible® and TWIX® are teaming up to encourage people to 'pause for sweetness' through a new partnership. The two brands announced this collaboration that features Edible releasing an extensive line of gifts and goodies made with TWIX® Cookie Bars.

In January 2022, The Cake Decorating Company announced an collaboration with Freya Cox. The Cake Decorating Company and Freya Cox are working together to highlight the benefits of a plant-based diet and explore all things Vegan Baking.

Product Types Covered:
• Cartridges
• Pens & Markers
• Printers

Applications Covered:
• Snacks
• Bakery
• Confectionery
• Other Applications

Sales Channel Covered:
• Indirect
• Direct

End Users Covered:
• Household
• Food Services

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements