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Food Traceability Market Is Expected To Reach $20.95 Billion By 2026 Growing At A CAGR Of 7.15%

The Global Food Traceability Market is accounted for $11.25 billion in 2017 and is expected to reach $20.95 billion by 2026 growing at a CAGR of 7.15% during the forecast period.
Published 03 September 2018
Report Sellers has added a new market research report “Food Traceability - Global Market Outlook (2017-2026)” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, the Global Food Traceability Market is accounted for $11.25 billion in 2017 and is expected to reach $20.95 billion by 2026 growing at a CAGR of 7.15% during the forecast period.
Growing consumer concern for food safety, high demand in emerging economies, stringent export regulations and the increasing penetration of modern retail, such as supermarkets and hypermarkets are some of the key factors driving the market growth. However, factors such as associated cost, additional cost on traceability systems, varying needs for different products, lack of stringent laws in developing nations and privacy issues for data sharing are hindering the market growth.
By technology, Radio-frequency identification (RFID) segment is predicted to have considerable market share during the forecast period owing to real time tracking of food items irrespective of weather conditions. By geography, Europe is one of the most concerned regions for food safety. The policies related to food safety are most severe in Europe, as compared to any other region. Food and feed traceability has been necessary in Europe, since 2002 for all types of food businesses in the region. Food Trace is one of the programs in the region that is considered to improve traceability procedures between businesses. It demands the establishment of a defined identification system and a network of databases, in order to consolidate and share the information.
Browse through the complete description and in-depth TOC on “Global Food Traceability
Report offering
  • Market share assessments for the regional and country level segments
  • Market share analysis of the top industry players
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Report Segments
  • Technologies Covered:
    • Infrared
    • Biometrics
    • Global Positioning System (GPS)
    • Radio-Frequency Identification (RFID)
    • Barcodes
    • Near Field Communication (NFC)
  • Equipments Covered:
    • 2D & 1D scanners
    • Sensors
    • Tags and labels
    • Thermal printers
    • Other Equipments
  • End Users Covered:
    • Warehouse
    • Government Departments
    • Manufacturer
    • Retailer
    • Farmers
    • Defense & Security Departments
    • Other End Users
  • Applications Covered:
    • Seafood Products
    • Fresh Food & Seeds
    • Beverage Products
    • Meat & Poultry
    • Dairy Products
    • Canned or Bottled Food
    • Other Applications
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
For the Sample please visit link given below on “Food Traceability Market”
Related Reports: 
We have a large number of reports in Food industry which can be accessed in the following link:
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