According to a recent comprehensive by MarkNtel Advisors Food Traceability Market research report, the Food Traceability market is set for significant growth, driven by factors such as market size, share, and evolving trends.
This detailed report offers crucial insights into the market, covering key aspects such as market segmentation and definitions. It outlines the main drivers of growth and provides a clear forecast of the industry’s future direction. Additionally, the study provides a thorough overview of the competitive landscape, detailing recent developments and regional distribution across major areas. An expert competitor analysis delivers an in-depth understanding of market dynamics, offering strategic recommendations for businesses and investors.
With its robust analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address potential challenges in the Food Traceability market.
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Food Traceability Market (2021-2026): Analysis and Growth
Global Food Traceability Market is forecast to grow at around 10.9% CAGR during the forecast period, i.e., 2021-26
What are the key drivers fueling growth in the Food Traceability market from 2021-2026?
Burgeoning Food Adulteration & Food Borne Diseases to Boost the Market Growth
Food adulteration has become a regular process in the production process of any food product. Food contamination with pathogens and mycotoxins generally causes food-borne illnesses. According to the Centers for Disease Control and Prevention (CDC), food diseases may cause an estimated 325,000 serious ailments resulting in hospitalizations, 76 million cases of gastrointestinal illnesses, and 5,000 deaths each year.
Packaged food service has gained immense popularity over the last few years, leading to a surge in several people handling the food supply chain. Hence, the probability of transmission of food-borne infections from handlers to consumers increases, which, in turn, shall fuel the demand for food traceability practices in the years to come.
Food Traceability Market : Segmentation Analysis
-By Equipment
-PDA with GPS
-Thermal Printers
-2D & 1D Scanners
-Tags and Labels
-By Technology
-Barcodes
-Radio Frequency Identification (RFID) devices
-Warehouse Management Systems (WMS)
-Blockchain-Based Applications
-Food-Sensing Technologies
-Infrared
-Internet of Things (IoT)
-By Application
-Meat, Seafood and Poultry
-Vegetables and Fruits
-Dairy Products
-Beverages
-Others
-By End-User
-Food Manufacturers
-Warehouse/Pack Farms
-Food Retailers
-Government Departments
-Others
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
Explore the Complete Analysis Report – https://www.marknteladvisors.com/research-library/food-traceability-market.html
What role do key competitors play in shaping the market, and how are they adapting to emerging trends and challenges?
Honeywell, CH Robinson Inc, Intelex Technologies, SAP, Bio Rad Laboratories, IBM, Intertek, Cognex, Harvest Mark, Bcfooderp, Merit Track, Food Decision Software, JustFoodERP, Optel, Others
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Key Questions Answered in the Research Report:
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography & solution adoption?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2021-2026?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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