Food Traceability Market 2020 Business Scenario, Impressive Growth Honeywell International, Inc., Cognex Corporation, C.H. Robinson Inc.

A recent report published by QMI on Food Traceability Market is a detailed assessment of the most important market dynamics. After carrying out a thorough research on food traceability market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for food traceability during the forecast period. It can enable companies that are interested in food traceability to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, the growing awareness among consumers regarding food safety is expected to drive the growth of the food traceability market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Food traceability is the process of ascertaining the place and condition of a food item. It is the ability to track any food item through all stages of production, processing, and distribution. It also helps to know the properties and nature of the food. Food traceability helps in knowing the risks and uncertainties that could arise in food and feed. This helps in keeping the food safe and healthy.

Segmentation for better understanding of this market and its growth prospects:
A variety of technologies such as RFID / RTLS, GPS, Barcode, Infrared, and Biometrics can be used to trace food. In addition, various types of food traceability equipment are used, such as PDAs, 1D & 2D scanners, thermal printers, tags & labels, and sensors. This has increased the demand for food traceable solutions.

The main use of food traceability is in meat & livestock, fresh produce & seeds, dairy, beverages, fisheries, and other markets. It is used to ensure the origin of food and its destination from where it is expected to be distributed to different end-users. The food traceability system is important for food investigations and is crucial in global food trade as multi-ingredient food includes materials from a variety of food chains and countries.

The global food traceability market is increasing with the growing applications in diverse sectors, such as logistics, packaging, storage, retail, and handling. Also, technological advancements and the increasing number of product recalls and traces contamination is boosting the global food traceability market. Additionally, the legislative framework and certifications & standardizations and compulsion by governments to follow standards and laws related to food safety are fueling the global food traceability market.

Factors having a significant impact on the growth of this market are:
o Growing awareness among consumers regarding food safety
o High costs of implementation of the food traceability process
o Technological advancements and need to upgrade constantly
o Inefficiencies in the supply chain affecting food traceability market
o Opportunities for players in ASEAN and Gulf countries to expand market share

Insights about the regional distribution of the market:
This report segments the food traceability market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for food traceability market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for food traceability market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

The Asia Pacific is estimated to be one of the fastest-growing markets for food traceability during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of the food traceability market. The Middle East and the rest of the World are estimated to be emerging regions for food traceability market during the forecast period.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Honeywell International, Inc.
2. Cognex Corporation
3. C.H. Robinson Inc.
4. Zebra Technologies
5. Motorola Solutions, Inc.
6. MASS Group Inc.
7. IBM Corporation and Bio-Rad Laboratories, Inc.
8. Intelex Technologies
9. SAP
10. Bcfooderp
11. Trimble
12. Food Decision Software
13. JustFoodERP
14. Datalogic
15. Impinj
16. Alien Technology
17. Avery Dennison
18. Bar Code Integrators
19. Carlisle Technology
20. Merit-Trax Technologies
21. SATO VICINITY
22. SMARTRAC
23. Thinfilm
24. Tyco
25. and Denso

Market Segmentation:
By Technology Type:
o Radio Frequency Identification/Real-Time Location System (RFID/RTLS)
o Global Positioning System (GPS)
o Barcode
o Infrared
o Biometrics
By Equipment:
o Smart Personal Digital Assistants (PDAs)
o 1D & 2D Scanners
o Thermal Printers
o Tags & Labels
o Sensors
By Application:
o Meat & Livestock
o Fresh Produce & Seeds
o Dairy
o Beverages
o Fisheries
o Others
By End User:
o Food Manufacturers
o Warehouse/Pack Farms
o Food Retailers
o Defense & Security Departments
o Government Departments
o Others
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Technology Type
o By Equipment
o By Application
o By End-User
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Technology Type
o By Equipment
o By Application
o By End-User
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Technology Type
o By Equipment
o By Application
o By End-User
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Technology Type
o By Equipment
o By Application
o By End-User
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Technology Type
o By Equipment
o By Application
o By End-User
o Rest of the World
o By Region (South America, Africa)
o By Technology Type
o By Equipment
o By Application
o By End-User

Reasons to Buy This Report:
o Market size estimation of the food traceability market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

Contact:

Quince Market Insights
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Office No- A109
Pune, Maharashtra 411028
Phone: +91 706 672 5858 / +91 706 672 5858 / +91 706 672 4848
Email: sales@quincemarketinsights.com
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This release was published on openPR.