LeapZipBlog: Jason Lee's blog: Food Traceability Market Share, Trends, Business Strategy and Forecast During 2018 to 2025

Food Traceability Market Share, Trends, Business Strategy and Forecast During 2018 to 2025

November 14, 2019 by Jason Lee  

The global market status for Food Traceability is precisely examined through a smart research report added to the broad database managed by Facto Market Insights. The study discusses the prime market growth factors along with future projections expected to impact the Food Traceability Market during the period between 2018 and 2025. Furthermore, readers can gather knowledge about the economic status, demographics and competitive landscape which is prevailing in the concerned industry. In addition, a deep analysis of the competitive landscape, including prime market players is also enclosed in this report.

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Global food traceability market was valued at $10,963.0 million in 2017, and is expected to reach $22,274.1 million by 2025, registering a CAGR of 9.3% from 2018 to 2025. Food traceability is a risk-management tool used to check potential harms that may be associated with food, feed, food-producing animals, or substance. This is meant to ensure food safety through all stages of food production, processing, and distribution. Food traceability involves food business authorities to recall or drop out products considered unsafe, and allows provision of accurate information to the public. Food traceability prevents transmission of disease from animals to humans and controls the presence of certain chemicals above fixed limits, which when used in excess can affect the quality of products related to feed & food.

The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. In 2016, Asia-Pacific accounted for the largest share in the global market, followed by North America. The former region is projected to maintain its dominance throughout the forecast period.

Recent updates related to this market include introduction of traceability technology by Fonterra in April 2017, for letting its customers to check the authenticity of infant formula products on store shelfs in New Zealand. In addition, launch of online traceability platform by the Crunchies Natural Food Company, of Westlake Village, Callif. In April 2017, has allowed its consumers to trace the source of the fruits or vegetables purchased.

Comprehensive competitive analyses of leading market players, including Bio-Rad Laboratories, Inc., CH Robinson Worldwide Inc., Cognex Corporation, E. I. Du Pont de Nemours and Company (DuPont), Honeywell International Inc., International Business Machines Corporation, Motorola Solutions, Inc., SGS SA, Zebra Technologies Corporation and MASS Group Inc., are provided in this report.

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KEY BENEFITS FOR STAKEHOLDERS
• The report provides an extensive analysis of the current and emerging market trends and opportunities in the food traceability market.
• The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
• A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
• An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
• The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

KEY MARKET SEGMENTS
By Equipment
• PDA with GPS
• Thermal Printers
• 2D & 1D Scanners
• Tags & Labels
• Sensors
• Others

By Technology
• RFID/RTLS
• GPS
• Barcode
• Infrared
• Biometrics

By Application
• Meat & Livestock
• Fresh Produce & Seeds
• Dairy
• Beverages
• Fisheries
• Others

By End User
• Food Manufacturers
• Warehouse/Pack Farms
• Food Retailers
• Defense & Security Departments
• Other Government Departments
• Others

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o Italy
o France
o Spain
o Rest of Europe
• Asia-Pacific
o India
o China
o Japan
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Turkey
o Rest of LAMEA

 

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