What is Generative AI in the context of CPG?

Generative AI refers to a subset of artificial intelligence that involves machines generating new content, such as images, text, or even product designs, imitating patterns from existing data. In the CPG market, it can be used to create new product concepts, packaging designs, or marketing materials.

How is Generative AI revolutionizing product innovation in CPG?

Generative AI enables CPG companies to quickly generate and evaluate numerous product variations, helping them identify trends, optimize designs, and create innovative products that resonate with consumers. It accelerates the product development process and fosters creativity.

How big is Generative AI In CPG Market?

The Global Generative AI In CPG Market size is expected to be worth around USD 5.4 Billion by 2033, from USD 2.3 Billion in 2023, growing at a CAGR of 9.5% during the forecast period from 2024 to 2033.

Who are the key players in the Generative AI In CPG market?

IBM Corporation, Google LLC, Microsoft Corporation, Adobe Inc., NVIDIA Corporation, DataRobot Inc., OpenAI, Other Key Players

Which solution type segment accounted for the largest Generative AI In CPG market share?

In 2023, the Software Platforms segment held a dominant market position within the Generative AI in CPG market, capturing more than a 47% share.

Which region has the highest market share in the Generative AI In CPG market?

In 2023, North America held a dominant market position in the adoption of Generative AI within the Consumer Packaged Goods (CPG) industry, capturing more than a 42% share.

Generative AI In CPG Market Size, Share, Trends Analysis Report By Solution Type (Software Platforms, Cloud-Based Services, And API Integrations), By CPG Subsector (Food And Beverages, Personal Care Products, And Other), By Application Area (Product Development, Marketing and Advertising, Demand Forecasting, Supply Chain Optimization, Customer Insights, Data Analytics), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2024-2033

Published date: Nov. 2024
Report ID: 116310
Number of Pages: 321
Format:

- IBM Corporation
- Google LLC
- Microsoft Corporation Company Profile
- Adobe Inc.
- NVIDIA Corporation
- DataRobot Inc.
- OpenAI
- Other Key Players
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