Food Traceability Market is Growing Rapidly in Asia-Pacific Region
Traceability enables to track the movement of a food product through the various stages of production, processing, and distribution. It helps to identify the sources, recipients, and transporters of the food products. The purpose of tracing food products during each stage of supply chain from retail stores to farms is to find the source of contamination in the increasing incidents of adulteration and contamination of food products causing serious health threats. Growing foodborne diseases and food adulteration incidents and increasing concern for food safety among consumers & governments are contributing to an increase in the adoption of food traceability systems, globally.
Traceability is a technology that enables tracking of a food product throughout the supply chain from raw material suppliers to end consumers. The food traceability market is increasing with the growing awareness about food safety among the consumers and government authorities. The consumers are demanding complete information and transparency regarding the food products. Governments are implementing stringent regulations to track food as it is directly impacting consumer health. The main restraints in this market are the additional cost involved in the traceability equipment. The market has been growing significantly over the last five years due to its increasing use in various applications in the food & beverage industry.
The global market is segmented on the basis of application, which includes meat products, fresh food produce, dairy products, beverages, seafood products, and others such as grains, oilseed, and coffee.
This market is projected to grow at a CAGR of about 9% from 2014 to reach 14 billion by 2019, with advancements in technology and rising opportunities in emerging markets such as India, China, and Brazil. In 2013, the North American market was the largest for food traceability. The market in Asia-Pacific is projected to grow at the highest CAGR during the review period.
The key players are:
- Honeywell International Inc. (U.S.)
- C.H. Robinson Worldwide, Inc. (U.S.)
- Bio-Rad Laboratories, Inc. (U.S.)
- DuPont (U.S.)
- Cognex Corporation (U.S.),
- SGS S.A. (Switzerland)
Scope of the Report :
The research study categorizes the market on the basis of technologies, end users, applications, and regions.
On the basis of technology, the market was sub-segmented as follows:
- RFID technology
On the basis of end user, the market was sub-segmented as follows:
- Food manufacturers
- Warehouse Food retailers
- Government departments
- Others (non-profit organization, animal welfare organization, and cooperative organization)
On the basis of application, the market was sub-segmented as follows:
- Meat products
- Fresh food produce
- Dairy products
- Seafood products
- Others (grains, oilseed, and coffee)
On the basis of region, the market was sub-segmented as follows:
- North America
If you are interested in this publication and you would like to see more of our publications, please do not hesitate to request a sample of them.
We will contact you and help to choose publications our best for you.