The Nutritional Labelling market is valued at USD 13.0 Billion in 2022 and is projected to grow at a CAGR of 3.4% during the forecast period, to reach a value of USD 18.1 Billion by 2032. Newly released data from Future Market Insights market analysis shows that global Nutritional Labelling demand is projected to grow year-on-year (Y-o-Y) growth of 4.1% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 23.0 Billion |
| Market Forecast Value in 2032 | USD 18.1 Billion |
| Global Growth Rate (2022 to 2032) | 3.4% CAGR |
| Forecast Period | 2022 to 2032 |
| Collective Value Share: Top 3 Countries (2021A) | 42.4% |
Consumers can find nutrition information on food package labels, including ingredient lists, nutrient content and health claims, functional food claims, front-of-package symbols and logos, how the food was produced and distributed (such as organic, fair trade), industry marketing, and product photos. More than 34% of food products worldwide, according to FMI, also included a nutritional data table.
Although the information on nutrition labels is intended to assist consumers to choose healthier foods, the amount of information on the labels has been criticized as industry marketing because it is confusing to consumers.
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The market grew with a CAGR of 4.3% between 2017 and 21 as consumer awareness regarding the nutritional content of any product increased exponentially, specifically after the recent pandemic started.
The Federal Food, Drug, and Cosmetic Act and its amendments address the labeling requirements for foods on FDA food labeling websites. The majority of prepared foods, including bread, cereals, canned and frozen foods, snacks, desserts, drinks, etc., must have food labels. For raw products (fruits and vegetables) and fish, nutrition labeling is optional.
Third-party nutrition labels that point to healthier alternatives have gained popularity. The Nutri-Score system, which is one of many distinct ones, has received the most recent attention and is given more attention. The program's endorsement by an increasing number of European nations and its implementation by top food manufacturers and grocery store chains demonstrate rising support for the initiative.
Governments around the world are under tremendous pressure to address the rising prevalence of obesity in both adults and children. While cancer, diabetes, and heart disease were formerly the three main health hazards associated with obesity, COVID-19 made matters worse by raising the chance of serious illness and even death for obese customers. Getting people to follow healthier diets and, more crucially, assisting them in understanding nutritional information of food and beverage goods while shopping, is a difficult issue for governments.
Front-of-package nutrition labels are more likely to be accepted by female customers and parents since they are more eager to adopt healthier diets. Getting customers' attention is essential if a brands want them to consider the label before making a purchase. The French market has seen some success for Nutri-Score, and there are indications that consumer acceptability is rising.
Nearly all packaged foods marketed in Canada must bear the Nutrition Facts table (NFT). However, consumers struggle to comprehend the NFT, including how much of a product or a specific nutrient they should consume and how to assess the information, such as whether or not a particular quantity of a nutrient is beneficial, for which manufacturers are coming up with innovative facts labels which are helping consumers to understand what nutrition's are they consuming and at what amount.
Pre-packaged food that is sold in the EU is required by law to have a label that informs consumers of its calorie and nutrient content. This is known as a "nutrition declaration," and it needs to be printed on the box itself or a label that is connected to it. Strict regulations in the region is accounting for the exponential market growth of the region.
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It has been determined that the biggest users of IoT (Industrial Internet of Things) in manufacturing, packing, labeling, material handling, and distribution are those who produce things in large quantities. To achieve the highest degree of customer satisfaction, these suppliers are shifting their focus to customer assignment using smart packaging solutions.
As a result, smart packaging solutions are being used for identification, stock reordering, temperature detection, tracking, and several other purposes. This is expected to fuel the market for nutritional labeling market from 2022 through 2032. The increased adoption of smart technologies and growing customer worries about food goods are other significant factors in the market's expansion.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 11.9 Billion |
| Market Forecast Value in 2032 | USD 20.5 Billion |
| Global Growth Rate | 5.6% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others |
| Key Market Segments Covered | Label Type, Technology, End User |
| Key Companies Profiled | Checkpoint Systems; Avery Dennison Corporation; Smartrac NV; Label Insight; Thin Film Electronics; Qliktag; Smart Label; Sato Holdings Corporation; Graphic Label; Others |
| Pricing | Available upon Request |
The industry is valued at nearly USD 13.0 Billion in 2022.
The market is projected to grow at a 3.4% CAGR between 2022 and 2032.
The market grew at a 4.4% CAGR over the past five years.
The market is expected to reach USD 18.1 Billion by 2032.
The US, Germany, China, and the UK lead in market demand.
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Nutritional Labelling Market
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