Global Food Traceability Market to be Driven by Strict Regulations Pertaining to Food Quality and Safety

The global food traceability market has been analyzed in a detailed market research report by Transparency Market Research. The report, titled “Food Traceability Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018”, provides a granular analysis for understanding the changing competitive dynamics of the market and presents a forward looking perspective about the several factors instrumental in shaping the market’s future growth prospects.

The concept of traceability has seen a significant rise in popularity and adoption in the food safety and quality industry in the past few years. These days, almost every step of logistics, right from packaging to distribution to the consumer, uses a type of food traceability technique for a variety of reasons.

However, the primary driver of the global food traceability market is the rising importance of the ability to track the origin of food products. This is mainly due to the globally increasing incidences of food borne diseases and the implementation of strict food quality regulations making it compulsory for producers to monitor food quality at every step of manufacturing. The market is exhibiting steady growth on a global front and is expected to expand at a healthy pace over the report’s forecast period.

The global food traceability market is technology driven and has seen the introduction of several novel and innovative applications and technologies across different sectors such as logistics, packaging, retail, and handling.

The principle food traceability technologies currently available in the market include biometrics, barcode, infrared, RFID, and GPS. Among these, barcodes are majorly used for tracing packaged foods, while technologies such as GPS and RFID are used for tracing food involving the movement of live feedstock.

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The report segments the global food traceability market in terms of application into dairy products, canned or bottled food, vegetables and fruits (fresh produce/seeds), poultry, meat, fish or seafood, and beverages.

The report presents a detailed account of the major factors that will drive demand, restrain growth, and the major trends that define consumer demands, and the impact of these factors on the development of the market and its crucial elements, applications, etc. The report also provides market projections for the coming years and analyzes recent developments in technologies and their projected impact on the market’s future growth prospects.

The report also includes a review of the macro and micro factors essential for the growth of existing market vendors and new entrants along with a detailed analysis of the value chain of the market.

The report also gives an expansive account of the competitive scenario of the global food traceability market with the help of detailed business profiles of some of the major vendors operating in the market, details regarding recent developments, and inputs from industry experts.

Some of the major vendors in the market profiled in the report are Motorola Solutions, Inc., Barcoding Inc., A2B Tracking Solutions, Cherry Central Co-Op Inc., and N2N Global.