(Entertainment-NewsWire.com, February 13, 2017 ) The report, "Food Traceability Market by Technology (RFID, GPS, Barcode, Infrared, Biometric), End User (Manufacturer, Warehouse, Retailer, Government), Application (Fresh food Produce, Meat & Poultry, Seafood, Dairy, Beverage) & Region - Global Trend & Forecast to 2019" defines and segments the food traceability market on the basis of various technologies, end users, applications, and regions, with analyses and projections of the market size of each of these segments in terms of value. It also identifies the driving and restraining factors for the food traceability market with analyses of the trends, opportunities, drivers, and burning issues.
Browse 86 market data tables and 60 figures spread through 160 pages and in-depth TOC on “Food Traceability Market - Global Trend & Forecast to 2019". Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=103288069 Early buyers will receive 10% customization on reports.
Traceability is a technology that enables the tracking of a product throughout the supply chain, from raw material suppliers to end consumers. Traceability facilitates recall or withdrawal of food products whenever necessary. It enables consumers to be provided with targeted and accurate information concerning implicated products. It is crucial to the investigation of the causes of food poisoning and other contamination outbreaks.
The food traceability market is driven by the growth in foodborne diseases and food adulteration incidents. The food traceability market has been growing significantly over the last five years due to increasing concern among consumers for food safety and legislative framework. The key players adopted new technology launches and expansions as their preferred strategies to sustain the competition in the market. Barcode reader is the preferred technology for food traceability in the food & beverage industry. The food traceability market is projected to grow at a CAGR of about 9% to reach $14 billion by 2019. In 2013, North America was the largest market for food traceability. Asia-Pacific is projected to be the fastest-growing market for food traceability during the review period. This is driven by the technological advancement and growing concern for food safety among consumers in developing countries such as India and China.
The report includes the marketing and development strategies, along with the product portfolio of leading companies. The report includes the profiles of the leading companies such as 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.), and SGS S.A. (Switzerland). The key players in the market are persistent on new technology launches and expansion of their facilities in new markets and are actively investing in R&D activities to gain a competitive edge through new technology developments.
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
