Global Food Traceability Markets

1. Global Food Traceability Markets

2. Summary The global market for food traceability technologies should reach $15.1 billion by 2021 from $10.7 billion in 2016 at a compound annual growth rate (CAGR) of 7.1%, from 2016 to 2021.This study aims to provide a thorough analysis of the global food traceability market. Specific coverage of key technology, service segments, applications and end-use market coverage areas are described in the Scope section of this chapter.

4. STUDY GOALS AND OBJECTIVES The primary intent of this report is to provide an in-depth analysis of the food traceability market to enable its readers to make effective decisions. This report also addresses the key growing market areas with promising future opportunities and long-term growth. Further objectives of this report would be:-To identify and categorize key market segments of the food traceability market, including equipment, services, technologies and applications.-To determine and evaluate core market dynamics and their impact across geographic regions.-To derive forecast figures for the key markets from the years 2016 to 2021.-To analyze and investigate key opportunities for a secure growth in a competitive environment.

5. PURPOSE OF THE STUDY Globalization has become an essential way to bridge the gap between demand and supply, which in turn expands international food trade. However, this expansion has also increased the threat of contamination of food products, bioterrorism and contagious diseases. Therefore, food traceability is becoming a crucial, inevitable tool against such devastating outbreak of diseases such as avian flu, mad cow disease, foot and mouth disease, or other potential hazardous health consequences. The growing consumer awareness has forced manufacturers to adopt food traceability technologies within their supply chain processes. Food traceability is also perceived as an important part of quality control, which helps with brand enhancement by the manufacturer, thereby leading to consumer retention. Although consumers were initially skeptical about privacy, widespread awareness has had a significant impact.

6. SCOPE OF THE REPORT The market is categorized based on equipment, technology, software, services, applications and end user markets. Key markets intended to be covered include smart PDA with GPS, thermal printers, 2D and 1D scanners, durable labels and tags, sensors and others. The report also encompasses key technologies like barcodes, RFID/RTLS, GPS, infrared technology and biometrics. Service segments may include online traceability services, technology integration services, customized services and others. Key application areas comprise of meat traceability, fresh produce and seeds, dairy products, beverages, fisheries and aquaculture and others. The end user market will include food manufacturers, warehouse/pack farm, food retailer, defense and security departments, government departments and others.

7. INTENDED AUDIENCE This report would be useful to the entire security solution industry including:-Equipment manufacturers, distributors and vendors of food traceability solutions.-Software developers.-Consultants, technology and system integrators of food traceability technologies.-Food retailers and end users.-Sensor companies and others.-Regulatory bodies and government agencies.-Research oriented agencies and financial analyst communities

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