This report provides exclusive insights into the COVID-19 impact on the Edible Ink and Accessories Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Edible Ink and Accessories Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Edible Ink and Accessories Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the edible ink and accessories market provides an in-depth analysis of segments and
sub-segments in the global as well as regional edible ink and accessories
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional edible ink and accessories market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global edible ink and accessories
market. According to the report, the global edible ink and accessories market
is projected to grow at a CAGR of 7.2% over the forecast period of 2019-2025.
Edible inks are the specially formulated food coloring
mixtures that are used for printing onto icing sheets. The high demand for
food-grade ink cartridges leads to increased production of edible ink and
accessories. The growth of the edible ink and accessories market is attributed
to the introduction of new printers. The end-user preference shift from bakery
items to drinks and desserts propels the growth of the market.
The rising small scale business and home-based bakery
services in developed and developing regions stimulate the growth of the edible
ink and accessories market. The edible ink and accessories include edible ink
made from food-grade colors and accessories that deploy ink over an edible
paper. It has a major application in the bakery and confectionery industry.
Further, the growing penetration of cafe culture and social media boom drives
the expansion of the edible ink and accessories market. With an increase in
consumer spending, there is an increase in the use of smartphones and social media.
It leads to westernized eating habits and leisure experiences. This growing
bakery chain culture and safe culture bolsters the expansion of the market.
Additionally, the surge in demand for photo cakes and photo coffee products
propels the growth of the edible ink and accessories market. Furthermore,
factors such as rising awareness about new food products, globalization of the
food and beverage industry, and increasing use of social media for product
publicity contribute to the expansion of the edible ink and accessories market.
The increasing demand for premium and high precision products fuels market
growth. On the flip side, scarcity of skilled and talented workers and costly
equipment hinder the growth of the edible ink and accessories market. Moreover,
new product launches and the introduction of various marketing techniques
create several opportunities for the growth of the edible ink and accessories
Geographically, the global edible ink and accessories market
is divided into North America, Asia-Pacific, Europe, and the Rest of the World.
North America is expected to hold the largest share in the global edible ink
and accessories market. The rising demand for edible ink and accessories from
bakery and confectionery services and processors in North America led to the
growth of the market in the North America region. Europe is anticipated to grow
in the global edible ink and accessories market with a healthy CAGR over the
forecast period. The growing bakery and confectionery industry and demand for
fresh-cut fruit products in Europe drive the growth of the edible ink and
accessories market in Europe. Asia-Pacific region has lucrative growth
opportunities in the global edible ink and accessories market owing to the
rising adoption of western cuisine and the baking industry in the region.
The report on the global edible ink and accessories market
covers segments such as product type, application, and end-use. On the basis of
product type, the sub-markets include cartridge, and pens and markers. On the
basis of application, the sub-markets include confectionery, bakery, snacks,
and other applications. On the basis of end-use, the sub-markets include food
services, and household.
The report provides profiles of the companies in the market
such as Canon Inc., Lexmark International Inc., Seiko Epson Corporation, Ink 4
Cakes, The Cake Decorating Co., Anycake.com Ltd., Edible Image Holdings Pty
Ltd., Kopykake Enterprises Inc., Icing Images, Island Inkjet & Laser Toners,
and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of edible ink and
accessories market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.