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Food Traceability Market - Forecast (2020 - 2025)

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  • 119 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3501391
Food Traceability market is expected to reach $18,528 million by 2023, registering a CAGR of 9.1% from 2018-2023. Food traceability comprise the ability to identify and validate various stages of food chain from production to distribution. It involves recognizing the origin of food and its destination, from where it will be distributed to end users. This system is essential for food investigations and is crucial in global food trade as multi ingredient food includes materials from variety of food chain and countries.

What is Food Traceability Market?

Food traceability system maintains the record of the flow of products which are actually meant for human consumption throughout the production process. Since food production and the distribution is a complex process the companies consider food traceability system as the best tool to solve all the food-related challenges. Food traceability helps the companies to make fresh food products available to their consumers, thereby helping in reducing food-borne diseases. In many countries, such as the US and UK, consumers are ready to pay more for products having a food traceability and point-of-origin certificate. Technologies such as infrared, RFID, biometrics, barcode, NFC and sensors have made food traceability convenient for companies in the food industry.a

As food production consists of various stages, including sourcing seeds & fertilizers, farming, harvesting, processing, storage, transportation and retail sales, there are risks associated in it such as contamination, making it imperative to have a food traceability system. The procedures involved during this process include identification, link, records of information, collection & storage of information and verification.

What are the major applications for Food Traceability market?

The various end users assessed includes Food manufacturers, Warehouse/Pack farms, Food retailers, Defense and security departments and other Government departments. Food traceability market in retailers are used to achieve internal and external traceability. Internal traceability allows the company to follow the product through the system after receiving the receipt from the supplier whereas the external traceability allows for the connection with immediate supply chain partner.

Food Traceability Market

Market Research and Market Trends of Food Traceability Nitride Ecosystem

Companies are investing in research and developing new hardware and software tracing technologies like GS1-128 barcode which as the capability to capture more traceable data such as batch number, lot number, sell by date, Use date. The Company have to make sure that all DCs in their supply chain are capturing and storing all the dynamic information carried in the bar code.

Another prevailing trend in the food tracing industry would be digital supply chain in which technologies like predictive analytics, better visibility over the movement of goods and robotics help the warehouse and distribution centers to trace food efficiently.

Warehouse managers have designed a warehouse management system with radio frequency guns restricting the person to pick a wrong product. In case the person picks up a wrong product, a specially designed gun gives a beep indicating wrong product is picked up.

The transportation management system would be digitized which was handled manually initially. This is achieved by using the systems own parameters, standards, data points and expectations, the retailers can give its suppliers specific delivery time frames using cloud based interconnected solution. This will not only streamlined the scheduling process, but it will also give the tremendous amount of tracking information and data that we don’t have before. 

Who are the Major Players in Food tracing system?

The companies referred in the market research report includes Honeywell International Inc, C.H. Robinson INC, Dupoint Nutrition & Health, Intermec Inc, Motorola solutions, Cognex Corporation, MASS Group, Bio-Rad Laboratories, IBM Corp, Zebra Technologies and more than 10 other companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Food Traceability Market - Overview
1.1. Definitions and Scope
2. Food Traceability Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Food Traceability Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Food Traceability Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Food Traceability Market - Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Food Traceability Market – By Equipment (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Thermal printers
6.3.2. Sensors
6.3.3. Tags and labels
7. Food Traceability Market – By Technology (Market Size -$Million / $Billion)
7.1. Introduction
7.2. Infrared Technology
7.3. Barcode
7.4. Global positioning system(GPS)
7.6. Biometric
7.7. NFC
8. Food Traceability Market – By Application (Market Size -$Million / $Billion)
8.1. Introduction
8.2. Fresh food Produce
8.3. Dairy Food
8.4. Meat and poultry
8.4.1. Red Meat
8.4.2. Sea Food
8.5. Beverages
8.6. Others
9. Food Traceability – By End Use Industry(Market Size -$Million / $Billion)
9.1. Segment type Size and Market Share Analysis
9.2. Application Revenue and Trends by type of Application
9.3. Application Segment Analysis by Type
9.3.1. Introduction
9.3.2. Food retailers
9.3.3. Warehouse
9.3.4. Government departments
9.3.5. Farmers
9.3.6. Others
10. Food Traceability - By Geography (Market Size -$Million / $Billion)
10.1. Food Traceability Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Food Traceability - South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Food Traceability - Europe Segment Research
10.6. Europe Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.7. Food Traceability – APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.8.1. Segment type Size and Market Size Analysis
10.8.2. Revenue and Trends
10.8.3. Application Revenue and Trends by type of Application
10.8.4. Company Revenue and Product Analysis
10.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
11. Food Traceability Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Food Traceability Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Honeywell International Inc
12.3. C.H. Robinson Inc
12.4. Dupoint Nutrition & Health
12.5. Intermec Inc
12.6. Motorola Solutions
12.7. Cognex Corporation
12.8. MASS Group
12.9. Bio-Rad Laboratories
12.10. IBM Corp
12.11. Zebra Technologies
12.12. Company 13 and More
13. Food Traceability Market - Appendix
13.1. Abbreviations
13.2. Sources
14. Food Traceability Market - Methodology
14.1. Research Methodology
14.1.1. Company Expert Interviews
14.1.2. Industry Databases
14.1.3. Associations
14.1.4. Company News
14.1.5. Company Annual Reports
14.1.6. Application Trends
14.1.7. New Products and Product database
14.1.8. Company Transcripts
14.1.9. R&D Trends
14.1.10. Key Opinion Leaders Interviews
14.1.11. Supply and Demand Trends