Aug 29, 2019 (Data Bridge Market Research via COMTEX) — Global Food Traceability Market research report gives deep market analysis by considering market structure alongside the forecast of different fragments and sub-fragments of the Food & Beveragebusiness. Hardly any perspectives have been missed while preparing this global Food traceability market report as it incorporates the market type, association size, accessibility on-premises, end-clients' association type, and the accessibility in territories. The report explains the in-depth information related to market at regional, local and global level as well. This worldwide Food traceability market research report unites conditions and trends of a vast level of market under one roof
“Product definition” Food traceability is the process of tracking food through all stages of processing, production and distribution. It covers up all important and retail decisions. The term traceability here reflects that all the movements can be traced at any point in the chain of supply, it’s easier in domestic supply chain whereas complex in international trade. Due to growing foodborne diseases, adulteration incidents there has been an increase in concern for food safety lead to adoption of food traceability systems globally.
Following analysis has been performed to dig deep into the market for in-depth understanding-:
Market analysis-:
The Food Traceability Market is anticipated to growing at a CAGR of 9.30% during the estimated time-frame of 2019 to 2026.
The historic years considered in this report for calculation is 2016 & 2017, the base year is 2018 and the estimated period is 2019 to 2026.
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Global food traceability market is expected to rise to an estimated value of USD 24.49 billion by 2026, registering a substantial CAGR of 9.30% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of its applications in various fields such as packaging, logistics, retail, storage, and handling.
Market Drivers:
- Government rules and legislative framework acts as a driver and support the effect of food traceability market
- The ability to trace contamination and assist product call lead to the growth of tracking technologies from developing countries
- Technology advancement and globalization of food products also drives the market growth.
Market Restraints:
- There are no strict laws in the developing countries pertaining to food traceability market which acts as restraints.
- Increasing concern about data and privacy issue among population is restraining the market growth
- High price of the tracing system is another factor restraining the growth of this market.
Competitive analysis:
This section involves analysis of various key players’ who are intensely competitive and may prove to be a real threat for the entrants. This is essential because new market players should know about the level of competition, they might have to deal with in this Food Traceability Market.
Global food traceability market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food traceability market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Here are the names of top key players which are covered in this report: Honeywell International Inc., DuPont, IBM Corporation., United Electronics Co. L.L.C.., MASS Group., Merit-Trax Technologies, C.H. Robinson Worldwide, Inc., Bar Code Integrators, Inc., Bio-Rad Laboratories, Inc., Carlisle Technology, Cognex Corporation, Picarro, Inc., SGS SA, Thermo Fisher Scientific, Zebra Technologies Corp., Datalogic S.p.A., FoodLogiQ, Infor., Mar-Kov Computer Systems Inc., STID, Impinj, Inc. and others.
Geographical Analysis: This report likewise covers each and every area and nation of the world, which demonstrates a geographical improvement status, including business sector size, volume, and value etc. This comprehensive analysis based on regions will help the readers to know in which area the demand of the product is high and this will eventually help them strategize the moves to attract more consumers.
The main regions covered here are North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Segmentation Analysis:
For more understanding, the overall Food Traceability Market has been segmented on the basis of-
- Products:
Infrared, Biometrics
- Functions: Seafood Products, Fresh Food & Seeds, Beverage Products, Meat & Poultry, Dairy Products Canned or Bottled Food
- Regions:
North America, South America, Europe, Asia-Pacific, Middle East and Africa
Food Traceability Market Table of Content
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Food Traceability Market Landscape
Part 04: Food Traceability Market Sizing
Part 05: Food Traceability Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Various methodologies utilized to analyze the report:
For acquiring full market intelligence, various market research tools and techniques have been employed such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis and PEST analysis. Primary and secondary research methodologies, data triangulation which incorporates data mining, analysis of crucial factors and experts’ validation has been utilized to analyze and summarize the report.
Why to purchase this report?
Following are the reasons to consider this Food Traceability report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall Food Traceability Market.
- This report not only analyzes present market condition but it likewise estimates how the Food Traceability Market is going to perform for estimated time period of 2019-2026.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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