global smart food labels market size, smart food labels market trends, smart food labels market forecast, smart food labels market growth, smart food labels market analysis, smart food labels market projection
How large is the smart food labels market, and what is its growth trajectory?
The smart food labels market size has grown exponentially in recent years. It will grow from $12.39 billion in 2024 to $15.02 billion in 2025 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to increased consumer demand for transparency, growth in concerns about food safety, regulatory mandates for nutritional labeling, advancements in technology enabling innovative labeling solutions, high prevalence of food allergies and intolerances, heightened awareness about sustainability prompting eco-friendly labeling initiatives, and the expanding market for personalized nutrition.
The smart food labels market size is expected to see exponential growth in the next few years. It will grow to $32.02 billion in 2029 at a compound annual growth rate (CAGR) of 20.8%. The growth in the forecast period can be attributed to advancements in smart packaging technologies, stringent regulations regarding food safety and labeling, growing adoption of IoT and NFC-enabled devices, rising concerns about food allergies and dietary restrictions, expanding awareness about sustainability and ethical sourcing, and the proliferation of smartphones and mobile applications. Major trends in the forecast period include advancements in technology enabling real-time tracking of nutritional information, rising adoption of IoT devices in kitchens, growing awareness regarding food allergies and dietary restrictions, emergence of personalized nutrition solutions, expanding regulatory requirements for food labeling, and the integration of augmented reality for interactive product information.
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What are the key forces behind the smart food labels market’s growth in recent years?
The growing demand for packaged foods is expected to propel the growth of the smart food labels market going forward. Packaged foods are food products that are pre-prepared, pre-measured, and often pre-cooked, then packaged and sold to consumers in a ready-to-eat or ready-to-cook state. The demand for packaged food is due to its long shelf life, convenience, advancements in food technology, and globalization. Smart food labels are helpful for packaged food as they enhance transparency, traceability, and consumer engagement by providing detailed product information and tracking data. For instance, in October 2023, according to Agriculture and Agri-Food Canada (AAFC), a Canada-based government department for agriculture and food-related products, in 2022, exports of processed food and beverage products reached an all-time high of $54.3 billion, marking a 14.1% increase compared to 2021. These exports represented 34.7% of the total production value. Therefore, the growing demand for packaged foods will drive the smart food labels market.
What are the major segments of 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, Healthcare 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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Which companies dominate the smart food labels market?
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 major trends will shape the smart food labels market during the forecast period?
Major companies in the Smart Food Labels market are forming strategic partnerships to deliver paper-thin tracking devices that enhance supply chain transparency and improve food safety. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in January 2023, Pod Group, a US-based services company, partnered with SODAQ, a Netherlands-based manufacturing company, and Lufthansa Industry Solutions, a Germany-based technology company. With this partnership, they aim to develop innovative solutions that launched Smart Label Tracking Device at CES is an ultra-thin, reusable tracking solution designed for small and lightweight items. With features like low-power cellular connectivity, temperature monitoring, and geofencing capabilities, it enhances visibility and control in logistics while promoting sustainability through its recyclable materials.
What are the key regional dynamics of the smart food labels market, and which region leads in market share?
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.
What Does The Smart Food Labels Market Report 2025 Offer?
The smart food labels market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Smart food labels typically refer to packaging labels that incorporate advanced technologies to provide consumers with detailed information about the product’s nutritional content, sourcing, allergens, and environmental impact. These labels aim to empower consumers to make more informed choices about their food purchases and promote transparency in the food industry.
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