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Market Research Report

Smart Food Labels Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 04:35 AM, 12th August, 2017 REP-ID-430 Category: ICT & Electronics

Smart Food Labels Market Overview

Smart food labels facilitates consumer to get additional details about the product by scanning a bar code or doing an online search. It helps the consumer to get all the information they want to know about the food product. Further, smart food labels help the consumer to purchase a food product according to their diet.

Market Size and Forecast

The global smart food labels market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further, growing awareness among the consumers regarding food products and rising adoption of innovative technology by food industry are envisioned to flourish the growth of smart food labels market.

In terms of region, North America accounted for the largest market in smart food labels in terms of revenue in 2016. Further, North America region is expected to continue its dominance by the end of 2024 owing to huge adoption of technologically advanced products. The market of smart food labels is majorly driven by the presence of major smart labels industries in the region. Moreover, U.S. and Canada are expected to be the dominating countries during the forecast period owing to growing adoption of technologically advanced products.

smart food labels market

Europe region captured the second largest market of smart food labels in 2016. The major countries witnessing the augmented demand for smart food labels are U.K. and Germany. Rapid urbanization coupled with growing use of digital technology by food manufacturers for labeling of food products is likely to expand the growth of Europe smart food labels market over the forecast period. Asia-Pacific region is expected to showcase a highest CAGR over the forecast period due to emerging economies nations such as China and India. Moreover, Japan is the dominating country in this region owing to huge adoption of smart technology. In addition to this, rise in per capita income and growing awareness among the consumers regarding food products are envisioned to foster the growth of smart food labels market in Asia-Pacific region.

 Market Segmentation

Our in-depth analysis segmented the global smart food labels market in the following segments:

By Technology

  • RFID Labels
  • Low Frequency (LF) RFID
  • High Frequency (HF) RFID
  • Ultra High Frequency (UHF) RFID
  • Sensing Labels
    • Chemical Sensing Labels
    • Humidity Sensing Labels
    • Temperature Sensing Labels

By Region

Global smart food labels market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Spiked penetration of smart technology and growing consumer concerns regarding food products are anticipated to be the dynamic factor behind the rapid growth of smart food labels market across the globe. Further, rising development of smart infrastructure in developing and developed nations such as U.S., China, Japan, India and others is the key factor boosting the growth of smart food labels market.

Moreover, technological advancements in labeling and internet connectivity are also envisioned to bolster the growth of smart food labels market by the end of 2024. Additionally, rapid urbanization coupled with rise in per capita income of the consumers is expected to positively impact the growth smart food labels market.

However, high cost of smart food labels is believed to dampen the growth of smart food labels market. Further, less adoption of smart technology by developing and underdeveloped nations is also projected to hinder the growth of smart food labels market.

Key players

The major key players for smart food labels market are as follows

  • Qliktag
    • Company Overview
    • Key Product Offerings
    • Business Strategys
    • SWOT Analysis
    • Financials
  • Smartlabel
  • Avery Dennison
  • Labelinsight
  • Thin Film Electronics ASA
  • Uwitechnology
  • ABR

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global smart food labels market is segmented as follows:

  • By Technology Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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