Growing Consumer Awareness Regarding Food Products Is Envisioned To Flourish The Growth Of Smart Food Labels Market, According To Research Nester

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

The global smart food labels market is segmented into technology such as RFID (Radio-Frequency Identification) labels and sensing labels. Additionally, RFID segment is further sub-segmented into low frequency (LF) RFID, high frequency (HF) RFID and ultra-high frequency (UHF) RFID. Moreover, high frequency (HF) RFID segment is projected to showcase a significant growth over the forecast period. Further, the growth of this segment is riding on the back of rising adoption of innovative technology by food industry to provide 
detail of the food item.

Global smart food labels market is expected to register a 15.2% CAGR over the forecast period. Moreover, the global smart food labels market is projected to expand at a exponential revenue during the forecast period i.e. 2017-2024. The market is expected to expand on the back of rising development of smart infrastructure in developing nations such as China, India and others.

Request Report Sample @
https://www.researchnester.com/sample-request/2/rep-id-430

Sensing labels segment by technology is believed to showcase a considerable CAGR during the forecast period. Moreover, North America region accounted the largest market for smart food labels in terms of revenue in 2016. In addition to this, smart food labels market in North America region is expanding due to the presence of major key vendors such as Qliktag. Further, Europe region captured the second largest market of smart food labels owing to rapid urbanization and growing use of digital technology by food manufactures for labeling of food products.

Technological advancement in food labeling

Growing adoption of innovative technology by food industry to provide each and every detail of the food item to its consumer is projected to be the dynamic factor behind the rapid growth of smart food label market. Moreover, rising demand by consumer for proper labeling of food item and growing concern among the consumers regarding food quality are some of the factors propelling the growth smart food label market.

Digitization of Food industry

Spiked penetration of smart technology and robust expansion of smart infrastructure in developed and developing nations are fostering the demand for smart food labels around the globe. Furthermore, guidelines by government to provide labeling on the food item is predicted to bolster the growth of smart food labels market by 2024.
On the contrary, high cost associated with smart food labels is believed to dampen the growth of smart food labels market. Further, less adoption of smart technology in underdeveloped nations is also projected to hinder the growth of smart food labels market.

The report titled “Smart Food Labels Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global smart food labels market in terms of market segmentation by technology and by region.

Request Table Of Content @
https://www.researchnester.com/toc-request/1/rep-id-430

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global smart food labels market which includes company profiling of Qliktag, Smartlabel, Avery Dennison, Labelinsight, Thin Film Electronics ASA, Uwitechnology and ABR. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart food labels market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

To Know More:-
http://www.wnd.com/markets/news/read/35098632

About Us:-       

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact for more Info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
Phone: +1 6465869123

Comments

Post a Comment

Popular posts from this blog

Increasing Prevalence of Eye Related Disorders to Drive the Growth of Ophthalmology Equipment Market in Future

Image
“ Global Ophthalmology Equipment Market Analysis & Opportunity Outlook 2021 ” The global ophthalmology equipment market is segmented into devices such as contact lens, optical coherence tomography (OCT) scanner, canaloplasty device, glaucoma drainage device, phoropter, retinoscope, viscoelastics devices, opthalmoscopes, tonometers and others. Among these segments, contact lenses segment is expected to occupy top position in overall ophthalmology equipment market during the forecast period.  Factors such as increasing willingness of consumers to spend on eye care, rising disposable income, surging adoption of disposable lenses are some of the major factors fuelling the growth of contact lenses market. Global ophthalmology equipment market is expected to flourish at a significant CAGR of 8.89% during the forecast period. Moreover, the global ophthalmology equipment market is expected to garner USD 29.4 Billion by the end of 2021. Increasing prevalence of eye related disorde...
Read more

The Global Ready to Eat Food Market is Anticipated to Showcase a Tremendous CAGR of 7.3% during the forecast period

Image
The global ready to eat food market is segmented into product type such as meat/poultry products, cereal based products, vegetable based products, and others, out of which meat/poultry products segment captured the biggest market in overall ready to eat food market and is projected to seize a noteworthy CAGR by 2023. Likely, growing inclination of ready to eat food on the back of increasing health and hygiene concerns is expected to flourish the growth of global ready to eat food market. In addition to this, increasing adoption of innovative packaging is also expected to impel the growth of ready to eat food market by 2024. Global ready to eat food market is anticipated to post a notable CAGR of 7.3 % over the forecast period i.e. 2016-2023. Moreover, the global ready to eat food market is projected to account noteworthy revenue of USD 172 Billion by the end of 2023.  Additionally, the market is riding on the back of busy lifestyle of consumers and high personal disposable inco...
Read more