Food Traceability Market Size, Competitive Landscape and Market Forecast - 2030

Market Overview:
Food Traceability Market is expected to grow at a high CAGR of 9.5% during the forecasting period (2023-2030).
Tracking materials is an integral part of any manufacturing industry signifies the contents, origin, and nature of the product. Usually, the industries combine plain text as a product/lot code for this purpose.
However, the technological advancements and the need for effective tracking solutions that enable fast and accurate results led to the integration of 2-D traceability technology. Food Traceability is defined as the ability to track any food product through its value chain, including production, processing, storage and transportation, and final distribution. Effective traceability helps food manufacturers in ensuring product safety and efficient recalls.

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Market Dynamics:
1. The growing need for quick identification of potentially faulty food products to ensure the supply of the right quality product to the consumers motivates food manufacturers to integrate traceability solutions-the use of an effective traceability solution al improves process control and aids in brand protection of the company.
2. Several food safety associations,s including the FDA, USDA Food Safety and Inspection Service, and European Food Safety Authority, have commissioned regulations for integrating traceability solutions in food supply chains.
3. This is motivating the growth of the global food traceability market.

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Market Segmentation:
• By Technology
o RFID
o Barcode
o Infrared Technology
o Biometric
o Near Field Communication (NFC)
o Others
• By Equipment
o Sensors
o Tags & Labels
o Thermal Printers
o Scanners
• By Application
o Meat and Poultry
o Sea Food
o Dairy Products
o Beverages
o Others
• By End User
o Food Manufacturers
o Food Retailers
o Warehouse
o Others

Company Profiles:
1. Cognex Corporation
2. Honeywell International Inc
3. C.H. Robinson Inc
4. Motorola Solutions, Inc.
5. Zebra Technologies Corporation
6. MASS Group
7. SGS SA
8. International Business Machines Corporation
9. Verify Technologies
10. METTLER TOLEDO

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