The global food traceability market size was estimated to be US$ 16.5 billion in 2020 and is expected to reach US$ 45 billion by 2031 at a CAGR of 9.6%.
Food traceability involves checking the development of food and related product all through their assembling, handling, and dissemination activities. Food tracking alludes to the capacity to decide an item's last target by following its way from the place of assembling to the retail location.
A traceability framework utilizes information and activities to monitor basic and positive data about an item as it travels through the assembling cycle. Following and tracking are two free segments of food traceability. Food traceability innovation market is basically driving by the mechanically progressed nations, for example, U.S., Japan, U.K. what's more, others. The advances are being embraced by the end-clients from non-industrial nations because of attentiveness. To catch, record, store, and share traceability information proficiently, utilization of programs like ERP and data set administration arrangements, distributed computing and SaaS that is programming as assistance arrangements are anticipated to lead towards diminished expense and practical activities.
DNA barcoding is being utilized as a viable technique for deciding the natural status of creatures, recognizing food pollution, and distinguishing changes to secure the buyer's wellbeing. Scanners based on innovation are out of date, and multi-dimensional coherence scanners have had their spot. Different portable programming improvement organizations have made programming that permits cellphones to interface with scanners, bringing down the expense of unnecessary equipment.
Be that as it may, the costly expenses of food traceability gear, just as the security concerns, are restricting the market's extension. The food traceability business is considering new to be as developing economies like Brazil, India, and China keep on creating. The food traceability market is growing at a speedier rate because of reasons like non-industrial nations' acquiring innovation head ways and rising customer attentiveness about food security. Besides, as a result of elaborated attentiveness, these advances are being utilized by an assortment of end-clients from helpless nations.
Attributable to globalization and reconciliation, food creation and dispersion framework are turning out to be more associated. To lessen the wastage of food, and keep a legitimate worth chain going from creation to utilization, an innovative progressed traceability is postulated.
Global Food Traceability Market Value Share Analysis, by Geography (2022)
The report titled “Global Food Traceability Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Food Traceability Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Food Traceability market is segmented as Technology, Hardware, Application, End-Users, and region. Based on Technology, the Food Traceability market is segmented into Radio Frequency Identification/Real Time Location System (RFID/RTLS), Global Positioning System (GPS), Barcodes, Infrared, Biometrics, Others. Based on Hardware, the Food Traceability market is segmented into Smart Personal Digital Assistants (PDAs),1D and 2D scanner, Thermal printers, Tags and labels, Sensors, Others. Based on Application, the Food Traceability market is segmented into Culinary Food Product, Ready-to-eat Food Products, Meat & seafood Products, Dairy Products, Others. Based on End-Users, the Food Traceability market is segmented into Food Manufacturer & Retailers, Warehouse for Food Products, Government Departments, Non-Governmental Organization (NGO), Cooperative organization, Defense and security departments, Others.
Based on geography, the Global Food Traceability Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Food Traceability Market. Further, market share of prominent companies in the Global Food Traceability Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Food Traceability companies. The Global Food Traceability Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Food Traceability business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Food Traceability Market.
The key players of the Global Food Traceability Market are Bio-Rad Laboratories, Inc., CH Robinson Worldwide Inc., Cognex Corporation, E. I. Du Pont de Nemours and Company (DuPont), Honeywell International Inc., International Business Machines Corporation, Motorola Solutions, Inc., SGS SA, Zebra Technologies Corporation and MASS Group Inc., HarvestMark-Trimble Navigation Ltd., FoodLogiQ, Verify Technologies, Fresh Surety, Verigo, Nima Labs, Inc., AstRoNA Biotechnologies, Controlant, and Helium, and others.
Global Food Traceability Market Key Segments:
Based on Technology
Based on Hardware
Based on Application
Based on End-Users
By Region
The global Food Traceability market was worth US$ 16.5 billion in 2020.
The global Food Traceability market is expected to register a CAGR of 9.6% between 2022 and 2032.
Bio-Rad Laboratories, Inc., CH Robinson Worldwide Inc., Cognex Corporation, E. I. Du Pont de Nemours and Company (DuPont) are few prominent players active in the market.
Food traceability innovation market is basically driving by the mechanically progressed nations. The advances are being embraced by the end-clients from non-industrial nations because of attentiveness. To catch, record, store, and share traceability information proficiently, utilization of programs like ERP and data set administration arrangements, distributed computing and SaaS that is programming as assistance arrangements are anticipated to lead towards diminished expense and practical activities.
Based on applications, the Food Traceability market is segmented into Culinary Food Product, Ready-to-eat Food Products, Meat, Sea Food Products and Dairy Products.
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