The global image recognition in CPG market is expected to grow at a significant CAGR during the forecast period (2021-2027). The increasing need for efficient and profitable retail execution processes with adherence to compliance standards is one of the major factors expected to drive the growth of this market.
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With the boom in the e-commerce industry, even more so during the COVID-19 pandemic, entrepreneurs and retailers have realized that conventional strategies of sales promotions, marketing, and visual merchandising will not be sustainable in the CPG industry in the long term. Hence, retailers are quickly adapting to the new era of AI and image recognition to deliver a next-level customer experience. The use of image recognition for shelf recognition, product placement, and maintaining compliance with merchandising standards is quickly gaining momentum. Image recognition technology is assisting manufacturers, retailers, and marketers to understand their market and react dynamically.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Image Recognition In CPG Market by Segment
By Component
- Hardware
- Solutions
- Services
By Application
- Inventory Analysis
- Product
- Shelf Monitoring Analysis
- Gauging Emotions
By Deployment Mode
- Cloud
- On-Premise
Global Image Recognition In CPG Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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