What is Image Recognition in the CPG market?

Image Recognition in the CPG market refers to the use of technology to identify and analyze images or visuals, providing valuable insights and aiding decision-making processes within the Consumer Packaged Goods sector.

How does Image Recognition benefit the CPG industry?

Image Recognition offers benefits such as improved product identification, enhanced customer experiences through virtual try-on experiences, efficient supply chain tracking, and streamlined processes for food intake monitoring.

How big is Image Recognition in CPG Market?

The global Image Recognition in CPG Market is anticipated to be USD 6.1 billion by 2033. It is estimated to record a steady CAGR of 21.7% in the Forecast period 2023 to 2033. It is likely to total USD 2.7 billion in 2023.

Which companies have recently adopted Image Recognition in the CPG market?

Recent adoptions include Kroger partnering with 3DLOOK for a virtual try-on experience, PepsiCo acquiring Orca AI for AI-powered image recognition, Nestlé launching an app for food intake tracking, and Unilever collaborating with IBM for product movement tracking.

What applications does Image Recognition have in the CPG sector?

Image Recognition applications in the CPG sector include virtual try-on experiences for apparel, AI-powered image recognition for the food and beverage industry, apps for identifying and tracking food intake, and systems for monitoring product movement in the supply chain.

Global Image Recognition in CPG Market By Component (Hardware, Solution, Services), By Application (Inventory Analysis, Product and Shelf Monitoring Analysis, Auditing Product Placement, Product Placement Trend Analysis, Assessing Compliance and Competition, Category Analysis, Gauging Emotions), By Deployment Type (Cloud, On-Premise), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

Published date: Dec. 2023
Report ID: 74679
Number of Pages: 310
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