Food Traceability Market with Insights and Key Business Factors:
The Food Traceability Market report comprises of several market dynamics and estimations of the growth rate and the market value based on market dynamics and growth inducing factors. Food Traceability Market report contains reviews about key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies. While preparing this credible Food Traceability market research report, markets on the local, regional as well as global level are explored. For generation of an excellent Food Traceability market analysis report, principal attributes such as highest level of spirit, Porter’s Five Analysis, practical solutions, dedicated research and analysis, innovation, talent solutions, integrated approaches, CAGR, SWOT Analysis, most advanced technology and commitment plays a key role.
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The study considers the Food Traceability Market value and volume generated from the sales of the following segments:
Major Market manufacturers covered in the Food Traceability Market are:
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
By Technologies
- Infrared
- Biometrics
- Global Positioning System (GPS)
- Radio-Frequency Identification (RFID)
- Barcodes
- Near Field Communication (NFC)
By End users
- Warehouse
- Government Departments
- Manufacturer
- Retailer
- Farmers
- Defense & Security Departments
- Other
By Applications
- Seafood Products
- Fresh Food & Seeds
- Beverage Products
- Meat & Poultry
- Dairy Products
- Canned or Bottled Food
- Other
Based on regions, the Food Traceability Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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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
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.
Key Developments in the Market:
- In October 2018, Honeywell International Inc. announced that they have acquired Transnorm, a Germany-based warehouse automation business. This will benefit the company by expanding its product portfolio and will strengthen their business in the global market.
- In September 2016, C.H. Robinson Worldwide, Inc, a Minneapolis Minn. based global logistics services provider and freight forwarder company announced that they have acquired The Space Cargo Group, in efforts to expand globally. This will benefit the company by building its potential strength and serving it customer effectively by providing competitive pricing.
Highlights of TOC:
Overview: In addition to an overview of the Food Traceability Market, this section provides an overview of the report to give an idea of the type and content of the study.
Market dynamics: Here the authors of the report discussed in detail the main drivers, restrictions, challenges, trends and opportunities in the market.
Product Segments: This part of the report shows the growth of the market for various types of products sold by the largest companies.
Application segments: The analysts who have authored the report have thoroughly evaluated the market potential of the key applications and identified the future opportunities they should create in the Food Traceability Market.
Geographic Segments: Each regional market is carefully examined to understand its current and future growth scenarios.
Key Benefits for Food Traceability Market:
- In-depth analysis of the Market is conducted by constructing Market estimations for the key Market segments. The report provides an extensive analysis of the current and emerging Food Traceability Market trends and dynamics.
- Key Market players within the Market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the industry.
- Extensive analysis of the Market is conducted by following key product positioning and monitoring of the top manufacturers within the Market
- A comprehensive analysis of all the regions (North America, Europe, Asia-Pacific, South America, The Middle East and Africa)
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