Emergence of Innovative Food Traceability Technologies Encourages the Growth of Food Traceability Market

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Food Traceability Market - Global
Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
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REPORT DESCRIPTION
The emergence of innovative food traceability technologies is one of the key factors anticipated to encourage the growth of the
global food traceability market in the next few years. The key players in the market are emphasizing on developing new
technologies to expand their application base and establish their presence in the global market. Moreover, the growing
awareness among the consumers regarding food safety is further driving the global food traceability market.
View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?
flag=B&rep_id=1102
This research study on food traceability market offers a detailed analysis, emphasizing on the key growth factors that are
expected to influence the growth of the market in the near future. The research study has taken help of several analytical tools
to determine the potential opportunities in the market, along with the current market trends. Furthermore, the product
segmentation, and geographical segmentation of the global food traceability market have been discussed in the research report.
Furthermore, the research study presents insights into the competitive analysis of the global food traceability market and throws
light on the key players operating in the market. In addition, the key strategies adopted by the leading players have also been
discussed in the report to give a clear understanding of the market to readers and decision-makers. The inputs given by
professionals and industry experts are expected to help the players in formulating business strategies effectively.
Overview of the Global Food Traceability Market
The global food traceability market is expected to witness significant growth in the near future, thanks to growing applications in
diverse sectors, such as logistics, packaging, storage, retail, and handling. Technological advancements and the increasing
number of product recalls and traces contamination are the primary factors expected to augment the growth of the global food
traceability market in the next few years.
Some of the key technologies for food traceability used across the globe are RFID, barcode, biometrics, infrared, and GPS. These
technologies have diverse applications in different types of food products and at different stages of the food movement. At
present, barcode is used extensively for packaged foods, whereas GPS and RFID are used widely for food involving movement of
live feedstock.
The rising demand for food traceability technologies from developing countries, legislative framework, and cost reduction are
some of the other factors encouraging the growth of the overall market in the coming years. However, the rising privacy issues
in data sharing and additional cost required on traceability systems are the prime factors expected to curtail the growth of the
market in the near future. In addition, the difficulty in the accuracy of information and data collection are the key challenges for
the key players in the market. Thus, the leading players in the market are expected to introduce new technologies, emphasizing
on these challenges in order to augment the growth of the market across the globe.
Companies Mentioned in the Research Report
The global food traceability market is at a nascent stage and holds immense potential to grow in the next few years. The key
players in the market are persistent on new and innovative technology launches in order to sustain in the market and expand
their facilities in untapped markets. Some of the prominent players operating in the global food traceability market are IBM
Corp., A2B Tracking Solutions, Motorola Solutions, Inc., Picarro Inc., Barcoding Inc., and Merit-Trax Technologies Inc. Several new
players are expected to enter the market offering innovative technologies in the next few years.
Key segments of the Global Food Traceability Market
Global Food Traceability Market, by Application
•
Beverages
•
Canned Or Bottled Food
•
Meat
•
Vegetables And Fruits (Fresh Produce/Seeds)
•
Dairy Products
•
Fish Or Seafood
•
Poultry
•
Others
Major regions analyzed under this research report are:
•
Europe
•
North America
•
Asia Pacific
•
Rest of the World
This report gives you access to decisive data such as:
•
Market growth drivers
•
Factors limiting market growth
•
Current market trends
•
Market structure
•
Market projections for the coming years
Key highlights of this report
•
Overview of key market forces propelling and restraining market growth
•
Up-to-date analyses of market trends and technological improvements
•
Pin-point analyses of market competition dynamics to offer you a competitive edge
•
An analysis of strategies of major competitors
•
An array of graphics and SWOT analysis of major industry segments
•
Detailed analyses of industry trends
•
A well-defined technological growth map with an impact-analysis
•
Offers a clear understanding of the competitive landscape and key product segments
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The emergence of innovative food traceability technologies is one of the key factors anticipated to encourage the growth of the global food traceability market in the next few years. The key players in the market are emphasizing on developing new technologies to expand their application base and establish their presence in the global market. Moreover, the growing awareness among the consumers regarding food safety is further driving the global food traceability market. View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1102