Food Traceability Market Driven by Growing Applications in Diverse Sectors, such as Logistics, Packaging

As per a new research study by Transparency market Research (TMR), the global market for food traceability has been registering a remarkable rise since the last few years. With the rising demand for food traceability in a number of sectors, such as the packaging, logistics, storage, handling, and the retail industries, this market will continue to witness strong growth during the period from 2016 to 2024, states the research report, titled “Food Traceability Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”

The increasing incidence of product recalls and contamination traces, together with the advancement in the food traceability technology, will act as the most prominent factors, driving the growth of the market for food traceability, globally, over the forecast period, states the research report.

According to the research study, the main food traceability technologies used across the world are barcode, RFID, biometrics, GPS, and infrared. These technologies have a varied range of applications in several types of food products at various stages of the food movement. Currently, the demand for barcode is tremendously high in packaged foods, whereas, RFID and GPS are utilized extensively for food movement of live feedstock, states the market report.

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The rising demand for food traceability technologies in emerging countries, coupled with their legislative framework and the reducing cost of these technologies, is also expected to boost the global market for food traceability significantly over the forthcoming years. However, the increasing concerns over privacy among consumers regarding data sharing and the additional cost of the maintenance of traceability systems may hamper the global food traceability market from growing steadily in the near future. Apart from this, the inaccuracy of information and data collection are also expected to limit the adoption of the food traceability technology in the coming years, reports the market study.

The research report also evaluates the competitive landscape of the global market for food traceability by profiling the key players operating in this market. Researchers have examined the past performance and studied the future prospects of each market players thoroughly in order to define the current market hierarchy. The leading players operating in this market are concentrating on the introduction of new and innovative technologies in a bid to sustain in this highly competitive environment and expand their geographical reach.

Some of the prominent participants in the worldwide market for food traceability are A2B Tracking Solutions, IBM Corp., Motorola Solutions Inc., Barcoding Inc., Picarro Inc., and Merit-Trax Technologies Inc, states the market study.

Global Food Traceability Market: Increasing Incidence of Product Recalls to Create LUCRATIVE Growth Opportunities, Says TMR

As per a new research study by Transparency market Research (TMR), the global market for food traceability has been registering a remarkable rise since the last few years. With the rising demand for food traceability in a number of sectors, such as the packaging, logistics, storage, handling, and the retail industries, this market will continue to witness strong growth during the period from 2016 to 2024, states the research report, titled “Food Traceability Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”

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The increasing incidence of product recalls and contamination traces, together with the advancement in the food traceability technology, will act as the most prominent factors, driving the growth of the market for food traceability, globally, over the forecast period, states the research report.

According to the research study, the main food traceability technologies used across the world are barcode, RFID, biometrics, GPS, and infrared. These technologies have a varied range of applications in several types of food products at various stages of the food movement. Currently, the demand for barcode is tremendously high in packaged foods, whereas, RFID and GPS are utilized extensively for food movement of live feedstock, states the market report.

The rising demand for food traceability technologies in emerging countries, coupled with their legislative framework and the reducing cost of these technologies, is also expected to boost the global market for food traceability significantly over the forthcoming years. However, the increasing concerns over privacy among consumers regarding data sharing and the additional cost of the maintenance of traceability systems may hamper the global food traceability market from growing steadily in the near future. Apart from this, the inaccuracy of information and data collection are also expected to limit the adoption of the food traceability technology in the coming years, reports the market study.

The research report also evaluates the competitive landscape of the global market for food traceability by profiling the key players operating in this market. Researchers have examined the past performance and studied the future prospects of each market players thoroughly in order to define the current market hierarchy. The leading players operating in this market are concentrating on the introduction of new and innovative technologies in a bid to sustain in this highly competitive environment and expand their geographical reach.

Some of the prominent participants in the worldwide market for food traceability are A2B Tracking Solutions, IBM Corp., Motorola Solutions Inc., Barcoding Inc., Picarro Inc., and Merit-Trax Technologies Inc, states the market study.

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

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.

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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.

Food Traceability Market - A Defining Trend for Food Safety and Quality Industry; Global Industry Analysis & Forecast 2018

Traceability, a concept which has been in existence for a long time, which was limited to secret services of areas involving high risks or net worth, has seen a rise in application in the food safety and quality industry. Every step of logistics, right from packaging to the end consumer, now uses different techniques of food traceability for varied reasons. However, the core driver of the market has been the growing importance of the ability to track any food item to its origin. This is due to the rise in incidences of food borne diseases and outbreaks and due to complex quality regulations pushing for the need to monitor quality at every step, The market is experiencing steady growth with a healthy growth rate expected in the near future.

The global market for food traceability is technology driven and is seeing introduction of new technologies and applications across different levels such as in packaging, logistics, storage, handling, and retail. The different technologies currently available in the market are barcode, RFID, biometrics, GPS, and infrared. These technologies have different applications across various stages of food movement and for different types of foodstuff. Among all these, a barcode is largely used for packaged foods, while RFID or GPS is used for food involving movement of live feedstock.

The food traceability market can also be analyzed by segmenting it based on applications across different sectors such as dairy products, vegetables and fruits (fresh produce/seeds), canned or bottled food, beverages, meat, poultry, and fish or seafood. However, the extent of adoption of technologies across these application segments largely depends on the size of the firm producing the product and region of trade (destination). For instance, for local trade there is hardly any kind of quality check required, with food from farms directly entering the market. However, the same food when packaged for a regional or international market may require appropriate quality checks or tagging to ensure it is traceable. These regulatory requirements depend on trade regulations and FDA (food and drugs agency) laws of the destination market.

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These diverse applications require different gadgets/equipments to carry out appropriate checks. The growing trade involving food items is pushing the demand for such devices. The different devices currently in use are: GPS enabled PDAs (personal digital assistants), sensors (such as chemical sensors), scanners (3D, 2Dand 1D), mobile printers, thermal printers, durable tags and labels, and so on.

On similar lines, there is different software available in the market, which not only eases the complex functions, but also helps in data processing and storage. Software such as ERP (enterprise resource planning), QMS (quality management software), cloud computing, and so on, are seeing rising applications and experiencing push for customization, thereby driving the market growth. As a result many players from different verticals are driven to the market.

Recently IBM was partnered by N2N Global for using the food traceability technology to ensure that food sourced from Cherry Central Co-Op Inc. is handled in accordance with government and company standards. The other renowned players in the market are Barcoding Inc., A2B Tracking Solutions, Motorola Solutions, Inc., and some others.

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.

Food Traceability Market - Global Industry Analysis, Forecast up to 2018

Traceability, a concept which has been in existence for a long time, which was limited to secret services of areas involving high risks or net worth, has seen a rise in application in the food safety and quality industry. Every step of logistics, right from packaging to the end consumer, now uses different techniques of food traceability for varied reasons. However, the core driver of the market has been the growing importance of the ability to track any food item to its origin. This is due to the rise in incidences of food borne diseases and outbreaks and due to complex quality regulations pushing for the need to monitor quality at every step, The market is experiencing steady growth with a healthy growth rate expected in the near future.

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The global market for food traceability is technology driven and is seeing introduction of new technologies and applications across different levels such as in packaging, logistics, storage, handling, and retail. The different technologies currently available in the market are barcode, RFID, biometrics, GPS, and infrared. These technologies have different applications across various stages of food movement and for different types of foodstuff. Among all these, a barcode is largely used for packaged foods, while RFID or GPS is used for food involving movement of live feedstock.

The food traceability market can also be analyzed by segmenting it based on applications across different sectors such as dairy products, vegetables and fruits (fresh produce/seeds), canned or bottled food, beverages, meat, poultry, and fish or seafood. However, the extent of adoption of technologies across these application segments largely depends on the size of the firm producing the product and region of trade (destination). For instance, for local trade there is hardly any kind of quality check required, with food from farms directly entering the market. However, the same food when packaged for a regional or international market may require appropriate quality checks or tagging to ensure it is traceable. These regulatory requirements depend on trade regulations and FDA (food and drugs agency) laws of the destination market.

Enquiry before Buying @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1102

These diverse applications require different gadgets/equipments to carry out appropriate checks. The growing trade involving food items is pushing the demand for such devices. The different devices currently in use are: GPS enabled PDAs (personal digital assistants), sensors (such as chemical sensors), scanners (3D, 2Dand 1D), mobile printers, thermal printers, durable tags and labels, and so on.

On similar lines, there is different software available in the market, which not only eases the complex functions, but also helps in data processing and storage. Software such as ERP (enterprise resource planning), QMS (quality management software), cloud computing, and so on, are seeing rising applications and experiencing push for customization, thereby driving the market growth. As a result many players from different verticals are driven to the market.

Recently IBM was partnered by N2N Global for using the food traceability technology to ensure that food sourced from Cherry Central Co-Op Inc. is handled in accordance with government and company standards. The other renowned players in the market are Barcoding Inc., A2B Tracking Solutions, Motorola Solutions, Inc., and some others.

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