Press release
Food Traceability Technology Market to Reflect Impressive Growth Rate by 2022
Owing to globalization and integration, food production and distribution system are becoming more interdependent. In order to reduce the wastage of food, and maintain a proper value chain ranging from production to consumption, a technologically advanced traceability is required. Traceability helps to manage the possible risk in the supply chain. Currently, by law in Japan, European Union (EU), and the United States, specific standards for food traceability are mandated internationally.To View Complete Report @ : http://www.persistencemarketresearch.com/market-research/food-traceability-technology-market.asp
There are two type of traceability system namely internal traceability and chain traceability. Internal traceability refers to recording of data within the organization or any separate geographic location. Chain traceability refers to recording data and transferring it through a supply chain among intra and inter organisations. Depending on the type of business, traceability data can be both static and dynamic. Static data is fixed, whereas dynamic data changes over the time. In order to capture, record, store, and share traceability data efficiently, use of software’s such as Enterprise Resource Planning (ERP) and database management solutions, cloud computing and SaaS (software as a service) solutions are anticipated to lead towards reduced cost and cost-effective operations.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/9920
Food traceability technology market is primarily driving by the technologically advanced countries, for instance, U.S., Japan, U.K. and others. The technologies are being adopted by the end-users from developing countries due to awareness. Moreover, presently, companies maintain a proper framework of business for optimum level of inventory and smooth operation; hence demand for food traceability technology increasing worldwide.
To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/9920
Some of the restraining factors for food traceability technology market include additional cost for traceability technology and privacy issue for data security, since data management, data tracking and security of data is cost-oriented. Moreover, the technologies are product specific; hence different technologies are used for different applications of products, for instance data management and tracking is different in manufacturing to wholesale to retail, also it is different in terms of countable and non-countable food products.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Food Traceability Technology Market to Reflect Impressive Growth Rate by 2022 here
News-ID: 656025 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Traceability
MPAI calls for Neural Network Traceability Technologies
Geneva, Switzerland - 11th July 2025. MPAI - Moving Picture, Audio and Data Coding by Artificial Intelligence - the international, non-profit, unaffiliated organisation developing AI-based data coding standards - has concluded its 57th General Assembly (MPAI-57) with the publication of the Call for Neural Network Traceability Technologies and three supporting documents.
The Call for Technologies: Neural Network Watermarking (MPAI-NNW) - Technologies (NNW-TEC) requests Neural Network Traceability Technologies that make it possible:
1.…
food traceability market
The global food traceability market was valued at approximately USD 20.94 billion in 2023 and is projected to reach around USD 44.50 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.86% from 2024 to 2032.
Food Traceability Market Overview
The Food Traceability Market is experiencing significant growth, driven by increasing concerns over food safety, rising incidences of foodborne illnesses, and stringent government regulations globally. Food traceability systems enable…
Understanding Beverage Traceability Guidelines in India
In the world of food and beverages, ensuring product safety and quality is more than just a regulatory requirement-it's a commitment to consumers. As the beverage industry continues to grow and evolve, so do the expectations around transparency and traceability. In India, the regulatory landscape for beverage traceability is becoming increasingly robust, driven by a need to safeguard consumer health and maintain trust in the marketplace. This article delves into…
Food Traceability Market Safeguarding Your Plate From Farm to Fork Rise of the F …
Food Traceability Market worth $ 40.04 Billion by 2030 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Food Traceability Market- by Product (RFID, Barcodes, Infrared, Biometrics, and other Products), Applications (Dairy Products, Meat, Poultry, and Seafood, Beverages, Fresh Produce, and others (grains, seeds, nuts)), End-Users (Food Manufacturers, Food Retailers, Government Department Meat, Poultry, and Seafood, Warehouses, and others…
Food Traceability Market Size, Share & Regional Analysis
The food traceability market size is estimated to be valued at USD 16.8 billion in 2020 and projected to reach USD 26.1 billion by 2025, recording a CAGR of 9.1%. The growing demand for safe to consume products among the consumers is expected to drive the market. The Asia pacific segment is poised to dominate the market due to its high population demanding safe and secure food, it is projected…
Pharmaceutical Traceability Market: Aggregation in Pharma Industry is the Future …
Stratagem Market Insights delivers key insights for the Pharmaceutical Traceability market in its published report, which include global industry analysis, Size, Growth, Opportunities, Emerging Trends, Challenges, and Geographic Regions over the forecast period (2021-2028). In terms of revenue, the global Pharmaceutical Traceability market is projected to grow at a CAGR of XX% during the forecast period, owing to several factors about which SMI offers detailed insights and forecasts in the…