Food Traceability Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Food Traceability Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : June, 2019 | Food and Beverages | PPT format

Report Digest


Global Food Traceability Market: Overview

Food traceability framework keeps up the record of the influx of products which are really implied for human utilization all through the creation procedure. Since food creation and the dissemination is an intricate procedure the organizations consider food traceability framework as the best apparatus to fathom all the food-related difficulties. Food traceability causes the organizations to make crisp food products accessible to their purchasers, along these lines helping in lessening food-borne illnesses.

This framework is basic for food examinations and is significant in global food exchange as multi fixing food incorporates materials from assortment of food chain and nations. It includes perceiving the inception of food and its goal, from where it will be conveyed to end clients.

This report gives top to bottom analysis of the global food traceability market, focusing on opportunities and market restraints, alongside the most recent trends driving the market. The report sections the global food traceability market dependent on its end-user, technology, and region.

Global Food Traceability Market: Trends and Opportunities

Food traceability market in retailers are utilized to accomplish inward and outside traceability. Interior traceability enables the organization to finish the product the framework subsequent to getting the receipt from the provider while the outer traceability takes into consideration the association with prompt inventory network accomplice. Mechanical progressions and the expanding number of product reviews and follows pollution are the essential variables expected to increase the development of the global food traceability market in the following couple of years.

A portion of the key innovations for food traceability utilized over the globe are RFID, scanner tag, biometrics, infrared, and GPS. These innovations have assorted applications in various sorts of food products and at various phases of the food development. At present, scanner tag is utilized broadly for packaged foods, though GPS and RFID are utilized generally for food including development of live feedstock.

Factors impacting the food traceability market incorporate extra expense for traceability innovation and security issue for information security, since information the executives, information following and security of information is cost-arranged.

Global Food Traceability Market: Market Potential

FoodTrace is one of the projects in Europe that is intended to upgrade traceability methods between organizations. It requests the foundation of a characterized recognizable proof framework and a system of databases, so as to unify and share the data. The controls identified with food security are most stringent in Europe, when contrasted with some other region. Food and feed traceability has been mandatory in Europe, since 2002 for a wide range of food organizations in the area.

Another common trend in the food following industry would be computerized store network in which advancements like prescient examination, better perceivability over the development of products and mechanical technology encourage the stockroom and dispersion focuses to follow food proficiently.

Global Food Traceability Market: Regional Outlook

In contrast to North America and Europe, the adoption rate of food traceability frameworks is low in developing economies. All things considered, buyers in these creating countries have an expanded mindfulness for food wellbeing.

Asia-Pacific is anticipated to be the quickest developing business sector for food traceability amid the survey time frame. This is driven by the mechanical headway and developing worry for food security among buyers in creating nations, for example, India and China.

Global Food Traceability Market: Competitive Landscape

The global food traceability market is at an incipient stage and holds enormous potential to develop in the following couple of years. Driving players in the market are expected to present new advances, accentuating on these difficulties so as to expand the development of the food traceability market over the globe.

Honeywell International Inc., C.H. Robinson INC., DuPont Nutrition & Health, Intermec Inc., Motorola solutions, Inc., Cognex Corporation, MASS Group, Bio-Rad Laboratories, IBM Corp, and Zebra Technologies.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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