Market Overview:
The global smart food and beverage label market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience foods and beverages, rising awareness about food safety, and growing adoption of smart labels by manufacturers. The global smart food and beverage label market is segmented on the basis of type into RFID, NFC, temperature sensing labels, and others. The RFID segment is expected to hold the largest share in the global market during the forecast period owing to its ability to track items throughout the supply chain. The NFC segment is projected to grow at a high rate during the forecast period as it offers fast data transmission between devices without requiring an internet connection or cellular service.
Product Definition:
A Smart Food and Beverage Label is a digital label that contains information about the food or beverage product, including ingredients, allergens, nutritional information, and more. The information is displayed on a mobile device or computer screen in an easy-to-read format. Smart Food and Beverage Labels are important because they provide consumers with accurate and up-to-date information about the food or beverage product.
RFID:
Radio-frequency identification (RFID) is an electronic system for tracking and tracing products using radio waves. It involves the transmission and reception of data from an RFID tag, which is attached to the product or the inventory item. The data includes information such as price, stock level details etc., through wireless technology. An RFID reader/scanner uses electromagnetic radio-frequency to read tags embedded in products or inventory items.
NFC:
NFC (Near Field Communication) is a wireless technology used for sharing data using simple tap and go operations between two devices. NFC enabled smart labels are capable of performing several functions such as payment processing, identification, and tracking among others. The technology helps in enhancing the consumer experience by providing secure transactions at point-of-sale terminals or mobile phones. It also helps in reducing checkout time at retail stores while eliminating errors due to mislabeled products or theft through product substitution.
Application Insights:
The food application segment led the global smart food and beverage label market in 2017. The growing demand for packaged foods, including ready-to-eat meals, snacks, frozen meals and others is expected to drive the growth of this segment over the forecast period.
The beverages application segment is anticipated to witness significant growth over the forecast period owing to rising demand for energy drinks, alcoholic drinks such as wine and beer as well as non-alcoholic beverages such as juices and smoothies. In addition, a rise in consumption of functional beverages that provide nutritional benefits along with physical exercise is expected to boost product adoption across various industries including sports nutrition where RFID technology can be used for itemizing inventory levels on a per unit basis which helps manufacturers improve their margins.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. North America has been witnessing a growing demand for packaged food products, which can be identified as one of the key factors responsible for maintaining its dominance in the global market.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing awareness regarding health and fitness among consumers from developing countries such as India and China. Consumers are increasingly adopting smart wearable devices that help them keep track of their daily activities, thereby driving demand for RFID tags in this region. Moreover, rising disposable income levels will also contribute toward regional growth during the same period.
The European market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in demand for convenient foods that can be easily prepared. Smart food and beverage labels can help consumers make informed choices about the nutritional content of their food and beverages, making them more likely to choose these products over others.
- Rising awareness about healthy eating: There is a growing awareness among consumers about the importance of healthy eating, and this is driving demand for healthier options, including smart food and beverage labels. These labels can help consumers make informed decisions about the nutritional content of the products they are buying, helping them to select those that are best suited to their dietary needs.
- Growing popularity of organic foods: The popularity of organic foods is on the rise, as more people become aware of the health benefits associated with these products. Smart food and beverage labels can help consumers identify organic items quickly and easily, making it easier for them to choose these products over others.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Food and Beverage Label Market Research Report
By Type
RFID, NFC, Temperature Sensing Labels, Others
By Application
Food, Beverages
By Companies
Alien Technology, LLC., Avery Dennison Corporation, CCL Industries Inc., Honeywell International Inc., Label Insight, Inc., Qliktag Software Inc., Sato Holding Corporation, Thin Film Electronics ASA, UWI Technology Limited, Zebra Technologies Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Smart Food and Beverage Label Market Report Segments:
The global Smart Food and Beverage Label market is segmented on the basis of:
Types
RFID, NFC, Temperature Sensing Labels, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Beverages
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alien Technology, LLC.
- Avery Dennison Corporation
- CCL Industries Inc.
- Honeywell International Inc.
- Label Insight, Inc.
- Qliktag Software Inc.
- Sato Holding Corporation
- Thin Film Electronics ASA
- UWI Technology Limited
- Zebra Technologies Corporation
Highlights of The Smart Food and Beverage Label Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RFID
- NFC
- Temperature Sensing Labels
- Others
- By Application:
- Food
- Beverages
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Food and Beverage Label Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Food and Beverage Label is a voluntary labeling program that helps consumers make informed choices about the foods they eat and drink. The label provides information on how healthy or unhealthy a food or beverage is, based on specific criteria such as calories, saturated fat, sugar, sodium and cholesterol.
Some of the key players operating in the smart food and beverage label market are Alien Technology, LLC., Avery Dennison Corporation, CCL Industries Inc., Honeywell International Inc., Label Insight, Inc., Qliktag Software Inc., Sato Holding Corporation, Thin Film Electronics ASA, UWI Technology Limited, Zebra Technologies Corporation.
The smart food and beverage label market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Food and Beverage Label Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Food and Beverage Label Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Food and Beverage Label Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Food and Beverage Label Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Food and Beverage Label Market Size & Forecast, 2020-2028
4.5.1 Smart Food and Beverage Label Market Size and Y-o-Y Growth
4.5.2 Smart Food and Beverage Label Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 RFID
5.2.2 NFC
5.2.3 Temperature Sensing Labels
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Beverages
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Food and Beverage Label Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Food and Beverage Label Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 RFID
9.6.2 NFC
9.6.3 Temperature Sensing Labels
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Beverages
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 RFID
10.6.2 NFC
10.6.3 Temperature Sensing Labels
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Beverages
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 RFID
11.6.2 NFC
11.6.3 Temperature Sensing Labels
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Beverages
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 RFID
12.6.2 NFC
12.6.3 Temperature Sensing Labels
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Beverages
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 RFID
13.6.2 NFC
13.6.3 Temperature Sensing Labels
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Beverages
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Food and Beverage Label Market: Competitive Dashboard
14.2 Global Smart Food and Beverage Label Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alien Technology, LLC.
14.3.2 Avery Dennison Corporation
14.3.3 CCL Industries Inc.
14.3.4 Honeywell International Inc.
14.3.5 Label Insight, Inc.
14.3.6 Qliktag Software Inc.
14.3.7 Sato Holding Corporation
14.3.8 Thin Film Electronics ASA
14.3.9 UWI Technology Limited
14.3.10 Zebra Technologies Corporation
