Food traceability is a skill in which tracking of food during all phases such as manufacturing, processing, delivering, importing and selling phase. It traced all food movements one step forward and one step backward on every position in the supply chain. During this process it should know about sources of food such as raw materials, ingredients , packaging and more. Food tracebility enables food company to aim the products affected by a food safety problem, reduce trouble towards trend. It reduces the consumer healthcare risks and all food company should be able to trace all product during all stages. All food company should have maintain record which includes transaction and delivery date, contact details of consumer and supplier, lot identification or any other important information.
The food traceability market is expected to be around US$ 23 billion by 2027 at a CAGR of about 9% in given forecast period.
The major driving factors of food traceability market are as follows:
o Support product recall
o Traces contamination
o Decrease in Price
o Increasing customer concern in support of food security.
o Legislative structure
o Certifications and standardization
The restraining factors of food traceability market are as follows:
o Extra charge on traceability system
o Problem related to confidentiality data sharing.
o Requirement of strict laws during developing country.
o Different product have different requirenment.
The food traceability market is segmented on the lines of its technologies, application, end user and equipment. The food traceability market is segmented on the lines of its technologies like RFID/RTLS, GPS, barcodes, infrared and biometrics. Under application segmentation it covered meat, fresh food produce, dairy products, beverages, fisheries and other. The food traceability market is segmented on the lines of its end user like food manufacturers, warehouse/pack farms, food retailers, defense and security departments and other government departments.The food traceability market is segmented on the lines of its equipment like smart PDAs, thermal printers, two dimensional and1D scanners, tags and labels and sensors.The food traceability market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for food traceability and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for food traceability
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of food traceability with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Honeywell International Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), DuPont (U.S.), Cognex Corporation (U.S.), and SGS S.A. (Switzerland) Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Food traceability Market has been segmented as below:
by Technologies Analysis
RFID/RTLS
GPS
Barcodes
Infrared
Biometrics
by Application Analysis
Meat
Fresh food produce
Dairy products
Beverages
Fisheries
Other
by End-User Analysis
Food manufacturers
Warehouse/pack farms
Food retailers
Defense and security departments
Below are our new reports:
1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Overview of Parent Industry
2.2.3 Demand-Side Analysis
2.2.3.1 Food Industry
2.2.3.1.1 Key Segments in Food Sector
2.2.3.2 Food Loss & Wastage
2.2.4 Supply-Side Analysis
2.2.4.1 Technology Development
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Market Share Estimation
2.6 Research Assumptions & Limitations
2.6.1 Assumptions of the Research Study
2.6.2 Limitations of the Research Study
3 Executive Summary
3.1 Overview
3.1.1 Evolution
3.2 Food Traceability System
3.3 Asia-Pacific is the Fastest-Growing Market for Food Traceability
3.4 Key Players in the Food Traceability Market
4 Premium Insights
4.1 Attractive Market Opportunities in this Market
4.2 Food Grade Food Traceability Market, By End User
4.3 Food Traceability Market in Asia-Pacific
4.4 U.S. Commanded the Largest Market Share in 2015
4.5 Food Traceability Market: Developed vs. Developing Nations
4.6 Food Traceability Market, By Technology, 2015
4.7 Impact Analysis for Food Traceability Application
4.8 Life Cycle Analysis, By Region
5 Market Overview
5.1 Introduction
5.2 Evolution of Food Traceability
5.3 Food Traceability Market Segmentation
5.3.1 By Technology
5.3.2 By End User
5.3.3 By Application
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Traces Contamination and Assists Product Recall
5.4.1.2 Cost Reduction
5.4.1.3 Legislative Framework
5.4.1.4 Growing Consumer Concern for Food Safety
5.4.2 Restraints
5.4.2.1 Additional Cost on Traceability Systems
5.4.2.2 Privacy Issues in Data Sharing
5.4.3 Opportunity
5.4.3.1 Growing Demand in Emerging Economies
5.4.4 Challenge
5.4.4.1 Difficulty in Data Collection and Accuracy of Information
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Supply Chain Analysis
6.4 Industry Trends
6.5 Porter’s Five Forces Analysis
6.5.1 Threat of New Entrants
6.5.2 Threat of Substitutes
6.5.3 Bargaining Power of Suppliers
6.5.4 Bargaining Power of Buyers
6.5.5 Intensity of Competitive Rivalry
6.6 Strategic Benchmarking
6.6.1 New Technology Launch
7 Market, By Technology
7.1 Introduction
7.2 Radio-Frequency Identification
7.3 Barcodes
7.4 Infrared
7.5 Biometrics
7.6 Global Positioning System
8 Market, By End User
8.1 Introduction
8.2 Food Traceability in Manufacturing
8.3 Food Traceability in Warehousing
8.4 Food Traceability in Retailing
8.5 Food Traceability in Government Departments
8.6 Food Traceability in Other End-Users
9 Market, By Application
9.1 Introduction
9.2 Fresh Food Produce
9.3 Meat & Poultry Products
9.4 Seafood Products
9.5 Dairy Products
9.6 Beverage Products
9.7 Other Applications
10 Market By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 U.K.
10.3.2 France
10.3.3 Germany
10.3.4 Spain
10.3.5 Italy
10.3.6 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia
10.4.5 Rest of Asia-Pacific
10.5 Rest of the World
10.5.1 Brazil
10.5.2 Argentina
10.5.3 South Africa
10.5.4 Other RoW Countries
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis of this Market
11.3 Competitive Situation & Trends for Food Traceability Market
11.3.1 New Technology Launches
11.3.2 Expansions & Investments
11.3.3 Acquisitions
The Food traceability Market has been segmented as below:
by Technologies Analysis
RFID/RTLS
GPS
Barcodes
Infrared
Biometrics
by Application Analysis
Meat
Fresh food produce
Dairy products
Beverages
Fisheries
Other
by End-User Analysis
Food manufacturers
Warehouse/pack farms
Food retailers
Defense and security departments
SUBSCRIBE TO OUR NEWSLETTERS
