Seeing is Believing: An Overview of Image Recognition In The CPG Industry

Image recognition has been facilitating been radical progress. Image Recognition has objects, patterns, and faces in visual content.

According to Data Bridge Market Research, the image recognition market in consumer packaged goods (CPG) is expected to reach USD 10.23 billion by 2030, from USD 2.08 billion in 2022, at a CAGR of 22.00% over the forecast period.

One of the most promising applications of image recognition in the retail CPG space is product identification and classification. Retailers and CPG manufacturers can use image recognition to identify products, track inventory levels, detect out-of-stock, and monitor stock movements, leading to more accurate and efficient inventory management. Additionally, image recognition can be used to improve product quality control, reducing the risk of faulty or damaged products reaching the customer.