food traceability market Size to reach USD 15.1 Billion by 2021 With Leading Market Players- Honeywell International Inc., C.H. Robinson INC., DuPont Nutrition & Health, Intermec Inc., Motorola solutions, Inc., Cognex Corporation, MASS Group, Bio-Rad Labo

food traceability market Size and Growth Rate:

According to the Research Report, the Global food traceability market size estimated to reach USD 15.1 billion by 2021 from USD 10.7 billion in 2016 at a compound annual growth rate (CAGR) of 7.1%, from 2016 to 2021

Browse details of 169 number of pages research report developed on food traceability market @
https://www.researchcosmos.com/reports/global-food-traceability-market-analysis-with-forecasts-to-2022-growth-opportunities/1998288341

food traceability market Overview:

The food traceability market is expected to grow at a higher rate throughout the forecast period. Tracking plays a crucial role in providing the ability to quickly recall and also effective in maintaining data of supplychain of the manufacturer. It is also an important aspect in tracking the food through all stages such as production, processing and distribution. The food industries are to identify traceability of the raw materials, additives and packaging. It helps in giving the high standard products as it effectively traces the wrong anywhere in the process. Food traceability targets each and every step from selection of raw materials to packaging and also eradicates the contaminated products to reach consumers. It reduces the complications in the business and also lowers the public health risks.

food traceability market Growth Drivers and Restraints:

The growing population and increasing demand for the quality and effective food are the main factors accelerating the growth of the market. The stringent rules and regulations by government in order to follow the standards related to safety of the food are tremendously propelling the demand of the food traceability market.

However, improper tracing of the food productivity due to lack of experience in monitoring the process is declining the growth of the market. The rising prices of the final products with fluctuations in the availability of the raw materials are a challenging factor in the market.

The development of procedures with innovative techniques is producing high quality products which are lucratively improving the growth opportunities of the market. The growing awareness regarding the food safety and increased consumption of the processed food are also bolstering the growth of the market.

Geographical Insights of the food traceability market:

Regionally, the food traceability market is segmented into North America, Asia Pacific, Europe and Middle East & Africa. North America is leading with the highest market shares, owing to increased production of the quality products with the developments in the manufacturing process. Asia Pacific is anticipated to hold the largest shares of the market by increasing the standards and laws related to food safety as of concern towards the people. Europe and Middle East & Africa are accounted to have potential growth in the coming years.

Key Players of the food traceability market:

Some of the key players in the food traceability market are Honeywell International Inc., C.H. Robinson INC., DuPont Nutrition & Health, Intermec Inc., Motorola solutions, Inc., Cognex Corporation, MASS Group, Bio-Rad Laboratories, IBM Corp, and Zebra Technologies.

Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-food-traceability-market-analysis-with-forecasts-to-2022-growth-opportunities/1998288341

food traceability market Key Segmentation:

By Type:

• Equipment
• End-User

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-food-traceability-market-analysis-with-forecasts-to-2022-growth-opportunities/1998288341

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/

This release was published on openPR.