Food Traceability Market Size Will Continue to Grow In The Next Five Years With A 11% Compound Average Growth Rate to 2020

The food and beverages industry plays an important role in the growth of economic opportunities. Due to an increase in disposable income food and beverages industry, has rapidly grown over the past few years, especially in the developed countries. Apart from increasing per capita income, growing young population across the world is also responsible for the sudden growth of the food & beverages industry. Some of the other factors which are creating a positive impact on this industry are higher growth in overall population particularly in developing countries and changing trends towards food consumption and choices.

This study researches the market size of Food Traceability in United States, European Union and China, presents the Food Traceability sales, revenue, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the sales, revenue, market share and growth rate for the top players, key data from 2013 to 2018.

Food traceability is tracing any food, feed, food-producing animal or substance that will be used for consumption, through all stages of production, processing and distribution to identify and address risks and protect public health.

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Food traceability is a way of responding to potential risks that can arise in food and feed, to ensure that all food products are safe for citizens to eat.

The food traceability industry has got a great development in the past five years. In 2014, the total market size was 7813.38 million dollars. The growth rate is approximately 9% in the last five years.

Food traceability system, which is widely used, has proved to be very useful in tracing the food and protecting the health.

Considering the development of downstream industry and public awareness of the food safety, we estimate that the growth food traceability market size will continue to grow in the next five years with a 11% compound average growth rate to 2020.

In 2018, the market size of Food Traceability is xx million US$ and it will reach xx million US in 2025, growing at a CAGR of xx% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.

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In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Food Traceability.

In United States, European Union and China market, the following companies are covered:

Honeywell

Intelex Technologies

SAP

Bcfooderp

Trimble

Food Decision Software

JustFoodERP

IBM

Intact

Mass Group

Market Segment by Product Type

Meat Traceability System

Vegetable and Fruit Traceability System

Milk Food Traceability System

Market Segment by Application

Government Department

Food Suppliers

Retailers

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Key Regions split in this report:

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

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