Market Leaders: Sun Chemical Corporation (US), Toyochem Co., Ltd. (Japan), Linx Printing Technologies (UK), Union Chemicar Co., Ltd. (Japan), and the Cake Decorating Co. (UK) are Increasing their Respective Market Shares Steadily Through Acquisitions and Partnerships in 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. Rapid urbanization has brought about lifestyle changes that have significantly altered the traditional consumption patterns of consumers worldwide. The new generation and younger consumers are inclined towards individualized experience and are willing to spend more for customized food products or services. Edible inkjet inks are used in the bakery and confectionery industries by food manufacturers to customize conventional bakery, confectionery, and snack items by imprinting pre-printed images with edible food colors. The growth in innovations with respect to conventional food items and advancements in digital printing technology are propelling the market expansion for edible inkjet ink.
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The key players in edible inkjet ink market include 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 Supply (US), and Edible Image Supplies (Australia). The key strategies adopted by the leading market players include new product launches, expansions to ensure a wider consumer base and improve production capacity, partnerships with various well-established imaging and packaging brands, and acquisitions of printing technology and chemical companies. For instance, in March 2022, Sun Chemical Corporation (US) launched a range of FSR Edible inkjet inks, for food and pharmaceutical applications, with direct printing. In January 2022, Union Chemicar Co., Ltd. (Japan) 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 with the aim of strengthening its global presence. In July 2020, Sun Chemical Corporation (US) completed the acquisition of water-based and digital printing inks business from Sensient Technologies Corporation (US), a leading manufacturer of colors, flavors, and other specialty ingredients, to expand its inkjet ink capabilities and expertise using complementary technology.
Sun Chemical Corporation (US) is a subsidiary of the DIC Group. The company offers a range of natural and synthetic edible inks, suitable for industrial food decoration and smaller-scale applications. The products provide high-production reliability with customized solutions. The company is headquartered in Parsippany, New Jersey, US and has a strong presence in North America, Latin America, Europe, and Asia Pacific.
Union Chemicar Co., Ltd (Japan) started its edible ink production business in 2016 particularly to cater to the demands of the food and pharmaceutical industries. The edible ink colorants are primarily synthetic based, which are directly printed on the surface of food or pharmaceutical tablets by inkjet printing. The company has a strong presence in Asia (India and China), Europe (the UK, the Netherlands, and Germany), and North America (US).
Related Reports:
Edible Inkjet Ink Market by Type (Edible Ink Cartridges, Bottled Edible Ink), Material (Natural, Synthetic), Color (Cyan, Magenta, Yellow, Black), Application (Bakery, Tablets & Capsules), End Use and Region - Global Forecast 2027
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