Global Food Traceability Technologies Markets

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Global Food Traceability Technologies Markets
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Introduction
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.
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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.
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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. The report covers the recent
technological innovations that have been adopted,
which have significantly enhanced market growth.
This report also focuses on the strategies
implemented by the key market players to
strengthen their market presence.
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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.
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Sources of Information
The findings and conclusions of this report are
based on information gathered from both primary
and secondary research sources. The main sources
of material include data associated with
industries and interviews conducted with the
respective markets. Secondary sources have been
useful for this report, including industry
journals and publications, product literature,
white papers and technical journals, and
financial reports for industry suppliers.
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The base year for analysis and projection is
2015. With 2015 as a baseline, market projections
have been developed from 2016 to 2021. These
forecasts are based on a combination of a
consensus among the primary contacts combined
with our understanding of the key market drivers,
and their impact on historical and analytical
perspectives. The analytical methodologies used
to generate the market estimates are described in
detail in the market analysis.
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Research Methodology
This report, Food Traceability Technologies and
Global Markets, has been prepared after extensive
research using quantitative and qualitative
methods. Collects data through a variety of
primary and secondary sources, including, but not
limited to, interviews with industry vendors,
white papers, business journals, public financial
proceedings and historic market data from the
internet. The market data were assessed and
validated, considering interrelated market
attributes and the impact of global economic
variables.
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Full Report
Global Food Traceability Technologies Markets
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