Food Traceability Market Forecasts Sustained 10.9% CAGR
Global Food Traceability Market Report: 2021-2026
According to MarkNtel Advisors recent report “Global Food Traceability Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.
Key Highlights of the Report
- Market Performance (2016-2026)
- Market Outlook (2021-2026)
- Market Drivers and Challenges
- Competitive Benchmarking
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Food Traceability Market Overview
The Global Food Traceability Market is forecast to grow at around 10.9% CAGR during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth primarily attributes to the rising awareness and concerns regarding food safety among consumers. Additionally, increasing incidences of food adulteration & food-borne diseases leading to serious health-related issues shall further spur the market growth.
Food Traceability Industry Trends
Burgeoning Food Adulteration & Food Borne Diseases to Boost the Market Growth
- Food adulteration has become a regular process in the production process of any food product. Food contamination with pathogens and mycotoxins generally causes food-borne illnesses. According to the Centers for Disease Control and Prevention (CDC), food diseases may cause an estimated 325,000 serious ailments resulting in hospitalizations, 76 million cases of gastrointestinal illnesses, and 5,000 deaths each year.
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Food Traceability Market Segmentation
By Equipment
- PDA with GPS
- Thermal Printers
- 2D & 1D Scanners
- Tags and Labels
By Technology
- Barcodes
- Radio Frequency Identification (RFID) devices
- Warehouse Management Systems (WMS)
- Blockchain-Based Applications
- Food-Sensing Technologies
- Infrared
- Internet of Things (IoT)
By Application
- Meat, Seafood and Poultry
- Vegetables and Fruits
- Dairy Products
- Beverages
- Others
By End-User
- Food Manufacturers
- Warehouse/Pack Farms
- Food Retailers
- Government Departments
- Others
Geographical Insights:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Competitive Landscape
The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the Food Traceability market.
Key Players
- Honeywell
- CH Robinson Inc
- Intelex Technologies
- SAP
- Bio Rad Laboratories
- IBM
- Intertek
- Cognex
- Harvest Mark
- Bcfooderp
- Merit Track
- Food Decision Software
- JustFoodERP
- Optel
- Others
Why This Report:
- Strategic Insights: These reports aid strategic decision-making for multinational corporations, financial institutions, and governments by providing crucial market insights.
- Global Perspective: With a presence in 80+ countries, the reports offer a comprehensive view of the global market landscape, facilitating informed decision-making on both regional and international scales.
- Expertise in Niche Industries: The specialized team’s expertise in niche industries and emerging geographies allows for detailed and accurate market analysis, vital for informed decision-making.
- Integrated Strategic Parameters: Covering strategic parameters such as Go-to-Market strategies, product development, and trend analysis empowers clients to develop tailored and informed strategies.
- Identifying Growth Opportunities: The reports enable clients to identify investment opportunities, emerging market trends, and white spaces, aiding in maximizing returns and gaining a competitive edge.
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