Global Food Traceability Market Size will Exceed US$ 14 Billion By 2020
January 11, 2018 --
Florida, January 11, 2018: 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 products during all stages. All food company should have maintained 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 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 expected to exceed more than USD$14billion by 2020.
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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.
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 restraints 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 requirement.
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 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.
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.
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.
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Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
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
126.96.36.199 Traces Contamination and Assists Product Recall
188.8.131.52 Cost Reduction
184.108.40.206 Legislative Framework
220.127.116.11 Growing Consumer Concern for Food Safety
18.104.22.168 Additional Cost on Traceability Systems
22.214.171.124 Privacy Issues in Data Sharing
126.96.36.199 Growing Demand in Emerging Economies
188.8.131.52 Difficulty in Data Collection and Accuracy of Information
6 Industry Trends
7 Market, By Technology
8 Market, By End User
9 Market, By Application
10 Market By Region
11 Competitive Landscape
12 Company Profiles
12.2 Bio-Rad Laboratories, Inc.
12.3 C.H. Robinson Worldwide, Inc
12.4 Cognex Corporation
12.5 Honeywell International, Inc.
12.6 SGS SA
12.7 Bar Code Integrators, Inc.
12.8 Carlisle Technology Inc.
12.9 Mass Group Inc.
12.10 Merit-Trax Technologies Inc.
12.11 Picarro Inc.
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