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Strong Growth Ahead: Smart Food Labels Market Size To Grow At Arecord 20.8% Cagr By 2029
Smart Food Labels
How Big Is the Smart Food Labels Market Size Expected to Be by 2034?
The smart food labels market is projected to grow from $12.39 billion in 2024 to $15.02 billion in 2025 at a CAGR of 21.2%. The market's growth is driven by consumer demand for transparency, growing food safety concerns, regulatory requirements for nutritional labeling, technological advancements in labeling, high food allergies prevalence, sustainability awareness, and the rise in personalized nutrition.
The smart food labels market is anticipated to grow substantially, reaching $32.02 billion by 2029 with a CAGR of 20.8%. Growth is supported by technological advancements in smart packaging, regulatory pressures for food labeling, rising use of IoT and NFC, growing dietary and allergy concerns, and smartphone adoption. Trends include real-time nutritional tracking, IoT in kitchens, personalized nutrition, stricter food labeling rules, and AR-enabled product information.
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What Are the Emerging Segments Within the Smart Food Labels Market?
The smart food labels market covered in this report is segmented -
1) By Technology: Sensing Labels, Radio-Frequency Identification (RFID), Dynamic Display, Other Technologies
2) By Applications: Electronic And Information Technology (IT) Asset, Perishable Goods, Security Access, Smart Wrist Bands, Other Applications
3) By End-User: Food And Beverage, TH*Care And Pharmaceutical, Automotive, Fast-Moving Consumer Goods, Logistics, Retail, Other End Users
Subsegments:
1) By Sensing Labels: Temperature Sensing Labels, Humidity Sensing Labels, Freshness Sensing Labels, Ethylene Gas Sensing Labels, Ph Sensing Labels, Time-Temperature Indicators (Ttis)
2) By Radio-Frequency Identification (Rfid): Passive Rfid Labels, Active Rfid Labels, Semi-Passive Rfid Labels, Uhf Rfid Labels, Nfc (Near-Field Communication) Rfid Labels
3) By Dynamic Display: E-Ink Display Labels, Lcd Display Labels, Led-Based Display Labels, Color-Changing Labels (For Freshness Monitoring), Digital Price Tags And Product Information Displays
4) By Other Technologies: Qr Code Labels, Near Field Communication (Nfc) Tags, Bluetooth Low Energy (Ble) Tags, Smart Labels With Embedded Sensors For Traceability, Qr Code-Based Expiry Monitoring Labels
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What Long-Term Drivers Are Shaping Smart Food Labels Market Trends?
The growing popularity of packaged foods is expected to boost the smart food labels market. Packaged foods offer convenience, long shelf life, and are often pre-cooked or pre-measured. The smart labels used on these products provide better transparency and traceability, helping consumers access detailed product information and track food supply chains. In October 2023, Agriculture and Agri-Food Canada highlighted a 14.1% growth in exports of processed food products, signaling an increase in packaged food consumption and driving the demand for smart food labels.
Who Are the Top Competitors in Key Smart Food Labels Market Segments?
Major companies operating in the smart food labels market are NXP Semiconductors N.V., Avery Dennison Corporation, Zebra Technologies Corporation, CCL Industries Inc, Checkpoint Systems Inc, HID Global Corporation, Sato Holdings Corporation, Intermec Technologies Corporation, Impinj Inc., Paragon ID, Confidex Oy, Invengo Information Technology Co Ltd, Lyngsoe Systems A/S, Alien Technology Inc, Xerafy Ltd., Tageos SAS, Thin Film Electronics ASA, MSM Solutions Ltd., UWI Technology Limited, Qliktag Software Inc.
What Are the Latest Developing Trends in the Smart Food Labels Market?
Major companies in the smart food labels market are forming strategic partnerships to create paper-thin tracking devices that improve food safety and supply chain transparency. These partnerships enable companies to combine their strengths for mutual success. For example, in January 2023, Pod Group, a US-based service provider, joined forces with SODAQ, a Netherlands-based manufacturer, and Lufthansa Industry Solutions, a Germany-based technology company, to introduce a Smart Label Tracking Device at CES. This ultra-thin, reusable device is designed for small items and offers features such as low-power cellular connectivity, temperature monitoring, and geofencing capabilities, promoting better logistics visibility and sustainability through recyclable materials.
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Which Regions Are Becoming Hubs for Smart Food Labels Market Innovation?
North America was the largest region in the smart food label market in 2023. The regions covered in the smart food labels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Food Labels Market?
2. What is the CAGR expected in the Smart Food Labels Market?
3. What Are the Key Innovations Transforming the Smart Food Labels Industry?
4. Which Region Is Leading the Smart Food Labels Market?
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