The global food traceability market is anticipated to grow at a significant CAGR of 9.2% during the forecast period. Food traceability is the ability to track a given food or ingredient from its point of production through processing, manufacturing, and transportation to retail and sale to consumer. The increasing awareness for safety regarding food consumed is expected to drive the market growth. Food traceability is becoming a must-have in the industry to mitigate and manage risk around food safety. The enabling food traceability enables operational and supply chain efficiency, Engendering consumer trust through transparency, mitigating food fraud, and engendering consumer trust thorugh transperancy Is pushing end users to implement food traceability technology solutions in the market.
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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this Food Traceability Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. Food Traceability Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.
This informative yet easy to understand Food Traceability Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this Food Traceability Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Food Traceability Market Report Segment
By Technology Type
- RFID
- Barcodes
- Infrared
- Biometrics
- GPS
By Software
- ERP
- LIMS
- Warehouse Software
- Friction Welding
- Others
By Application
- Meat and Livestock
- Fresh Produce Seeds
- Dairy Products
- Beverages Products
- Others
By End-Users
- Food Manufacturers
- Warehouse
- Food Retailers
- Others
Global Food Traceability Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food traceability market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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