Food Traceability (Tracking Technologies) Market by Equipment (PDA with GPS, Thermal Printers, 2D & 1D Scanners, Tags & Labels, Sensors), Technology (RFID/RTLS, GPS, Barcode, Infrared, and Biometrics), End-User (Food Manufacturers, Warehouse/Pack Farms, Food Retailers, Defense & Security Departments, Other Government Departments) and Application (Meat & Livestock, Fresh Produce & Seeds, Dairy, Beverages, Fisheries) - Global Opportunity Analysis and Industry Forecast, 2017-2023
The Food traceability (tracking technologies) market is growing at a healthy rate with increasing awareness about food safety among governments and consumers. Consumers are willing to pay a premium for products that support social responsibility traits requiring food tracking and traceability. Moreover, increasing globalization is increasing the complexity in supply chain process (from harvest to final sale) leading to increase in the chances of food contamination. This is expected to increase the demand of food traceability and tracking technologies as it ensures quality and safety of the food supplied, enhances chances of rapid and precise product recalls as well as accurately tracks causes of contamination. Furthermore, adoption of traceability systems would enhance supply chain efficiency by providing detailed historical data about timings, condition, handling and flow of goods.
It is estimated that around 3000 people die every year in the U.S. due to food borne diseases according to the Center of Disease Control and Prevention. This comprehensive market study takes into account various economic factors that are significant in determining the market trends, buying decisions and future course of the market. Detailed elaboration of drivers, restraints and opportunities in the report will enable strategic decision making with perceptive to identify potential markets. In addition to this, the study also discusses various environmental and regulatory factors critical for the market growth. Thus, estimation of market numbers, with due consideration to all these factors has helped in enhancing the scope of the report. This analysis will support stakeholders such as manufacturers in food recall process to reduce the associated cost. Historical data is provided for 2012 whereas forecast is available through 2020 in terms of revenue ($million) for every market segment.
The key objective of the report is to provide market intelligence to major stakeholders assisting them in strategic decision-making based on the current market scenario and projected future trends. Some of the
key objectives of the report are:
- To analyze the market factors in various geographic regions to understand business opportunities
- To analyze various segments in the food tracking and traceability technologies market and forecast growth
- To list out the key investment pockets for various technologies, equipment and geographies
- To identify major product manufacturers that would drive the innovations and enhance food traceability technologies
- To offer information about the various regulations that are introduced in various geographies
- Food traceability market (tracking technologies) is analyzed based on current market trends and revenues are forecast through 2020
- The report identifies the key strategies adopted by major companies in the food tracking and traceability technologies market
- The report provides in-depth analysis about technologies, equipments, end-users and geographic markets in food traceability
- Identification of the key drivers, restraints and opportunities of the market
The Food tracking and traceability technologies market is segmented by technology, equipment, end-user, application and geography. Technology market is further segmented into Barcodes, RFID, infrared, biometrics and GPS. The food traceability equipment market include PDAs with GPS, 1D and 2D scanners, thermal printers, sensors, tags and labels. Various segments analyzed under the end-user market include food manufacturers, retailers, warehouses, defense & security department and other government departments. The analyzed application segment includes meat, fresh food produce, dairy, beverages, fisheries and others. The various geographies analyzed in the report include North America, Europe, Asia-Pacific and Rest of the World.
The key players profiled in the report include Honeywell International Inc., C.H. Robinson, DuPont Nutrition and Health, Intermec, Cognex Corporation, Mass, Bio-Rad Laboratories, IBM Corp and Zebra Technologies.
- Food traceability technology manufacturers, dealers, and wholesalers
- Food manufacturers, retailers, warehouses, defense & security departments and other government departments
- System integrators and software vendors
- Research institutes
CHAPTER 1 INTRODUCTION
1.2 Key benefits
1.3 Key deliverables
1.4 Key Audiences
1.5 Research Methodology
1.5.1 Secondary research
1.5.2 Primary research
1.6 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Key Drivers of the Food Traceability (Tracking Technologies) Market
2.2 Key Restraints of Food Traceability (Tracking Technologies) Market
2.3 Opportunities for Food Traceability (Tracking Technologies) Market
2.4 Market Segmentation
2.5 Key Strategies
CHAPTER 3 KEY FINDINGS: FOOD TRACEABILITY (TRACKING TECHNOLOGIES) MARKET STUDY
3.1 Top Ten Factors Impacting Food Traceability (Tracking Technologies) Market
3.1.1 Controlling capital intensive product Recall
3.1.2 Associated cost: A burden on Traceability Systems
3.1.3 Food Traceability system: A viable solution for controlling Bio-terrorism
3.1.4 Consumers’ Food Safety Concerns
3.1.5 Legislative Charter and Standardization- A Favourable Factor
3.1.6 Pressure of Consumer Forums
3.1.7 Privacy issues for data sharing
3.1.8 Noncompliance with Standards among Developing Countries - A Challenge
3.1.9 Staying Ahead in Competition and Pricing Products at a Premium
3.1.10 Consumers’ Brand Loyalty
3.2 Top Three Winning Strategies In The Food Traceability (Tracking Technologies) Market
3.3 Top Investment Pockets in Food Traceability (Tracking Technologies) Market
3.3.1 Food Traceability (Tracking Technologies) Market
188.8.131.52 RFID/RTLS, biometrics and GPS best for investment
3.3.2 Food tracking and traceability technologies Equipment Market
184.108.40.206 PDAs with GPS and Thermal Printers have best growth potential
3.3.3 Food tracking and traceability technologies end user market
220.127.116.11 Food Manufacturers and warehouses will be market leaders
3.3.4 Food Tracking and Traceability Technologies Application Market
18.104.22.168 Fresh food and meat will lead the revenues
3.3.5 Food Traceability (Tracking Technologies) Market By Geography
22.214.171.124 Asia and ROW to grow at high rates
3.4 Food Traceability (Tracking Technologies) Market – Porter’s Five Force Analysis
3.4.1 Various choices available with consumers lead to low bargaining power of supplier
3.4.2 Buyers are at upper end in the food traceability supply chain
3.4.3 Competition to be on the higher side
3.4.4 Stiff competition from existing players raises entry barriers
3.4.5 Technological innovation increasing threat of substitute
3.5 Food Traceability Software Market Trend
3.5.1 Poultry farm and farm management software
3.5.2 Quality Management Solutions
3.5.3 Warehouse Management Software (WMS)
3.5.4 Enterprise Resource Planning (ERP)
3.5.5 Laboratory Information System (LIS)
3.5.6 Cloud Computing:
3.6 Market Dynamics
126.96.36.199 Traces contamination and assist product recall
188.8.131.52 Legislative framework
184.108.40.206 Certifications and standardizations
220.127.116.11 Competitive edge and brand loyalty
18.104.22.168 Information flow upstream and downstream of the supply chain
22.214.171.124 Associated cost: a burden on Traceability Systems
126.96.36.199 Lack of stringent laws in developing nations
188.8.131.52 Different need for different products
184.108.40.206 Privacy issues for data sharing
220.127.116.11 All Stakeholders Participation Is Desired
18.104.22.168 Growing demand in emerging economies
3.7 CASE STUDIES
3.7.1 Recall of Gift Boxes Containing 11 oz. Bags of Honey Roasted Peanuts by Yoder's Country Market
3.7.2 KP Snacks recalls 4 variants of McCoy’s multi bag crisps
3.7.3 Recall of Central-Epicure Brand Gefilte Fish, Ready to Serve as it Contains Dangerous Bacteria
3.7.4 Washington Fruit and Produce Co. enhances its distribution centre operations through Food traceability
3.7.5 Trans-Ocean Products Inc. achieved highest standards for Food Safety by implementing traceability system
CHAPTER 4 GLOBAL FOOD TRACKING AND TRACEABILITY TECHNOLOGIES APPLICATION MARKET, 2012-2020, $MILLION
4.1 Impact analysis of drivers and restraints of food tracking and traceability technologies application market
4.2 Market dynamics and challenges of major food tracking and traceability technologies application market
4.3 Global food tracking and traceability technologies application market
CHAPTER 5 GLOBAL FOOD TRACEABILITY (TRACKING TECHNOLOGIES ) MARKET, 2012-2020, $MILLION
5.1 Impact analysis of drivers and restraints of Food Traceability (Tracking Technologies) Market
5.2 Market dynamics and challenges of Food Traceability (Tracking Technologies) Market
5.3 Global Food Traceability (Tracking Technologies) Market
CHAPTER 6 GLOBAL FOOD TRACKING AND TRACEABILITY TECHNOLOGIES EQUIPMENT MARKET, 2012-2020, $MILLION
6.1 Impact analysis of drivers and restraints of food tracking and traceability technologies equipment market
6.2 Market dynamics and challenges of food tracking and traceability technologies equipment market
6.3 Global food traceability (tracking technologies) equipment market
CHAPTER 7 GLOBAL FOOD TRACEABILITY (TRACKING TECHNOLOGIES) END-USER MARKET, 2012-2020, $MILLION
7.1 Impact analysis of drivers and restraints of Food Traceability (Tracking Technologies) end-user market
7.2 Market dynamics and challenges of major Food Traceability (Tracking Technologies) end-user market
7.3 Global Food Traceability (Tracking Technologies) end user market
CHAPTER 8 GLOBAL FOOD TRACEABILITY (TRACKING TECHNOLOGIES) GEOGRAPHIC ANALYSIS, 2012-2020, $MILLION
8.1 Market dynamics and challenges of Food Traceability (Tracking Technologies) geography market
8.2 Global Food Traceability (Tracking Technologies) Market Revenues
CHAPTER 9 CORPORATE PROFILES AND ANALYSIS
9.1 Honeywell International Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Business Performance
9.1.4 Strategic moves and developments
22.214.171.124 Principal Strategies: Mergers and Acquisition
9.1.5 SWOT Analysis of Honeywell International Inc.
9.2 C.H. Robinson Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Business Performance
9.2.4 Strategic moves and developments
126.96.36.199 Principal Strategies: advanced solutions
9.2.5 SWOT analysis of C.H. Robinson Inc.
9.3 Dupont Nutrition & Health
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Business Performance
9.3.4 Strategic moves and developments
188.8.131.52 Principal Strategies: Partnerships
184.108.40.206 Secondary Strategies: Product launch
9.3.5 SWOT Analysis of Dupont Nutrition & Health
9.4 Intermec Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Business Performance
9.4.4 Strategic moves and developments
220.127.116.11 Principal Strategies: Product Launches
18.104.22.168 Secondary strategies: Mergers
22.214.171.124 Other Strategies: Partnerships (Joint Ventures, Collaborations)
9.4.5 SWOT analysis of Intermec Inc.
9.5 Motorola solutions, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Business Performance
9.5.4 Strategic moves and developments
126.96.36.199 Principal Strategies: Product Launches
188.8.131.52 Secondary strategies: Mergers and Acquisition
9.5.5 SWOT analysis of Motorola Solutions Inc.
9.6 Cognex Corporation
9.6.1 Company overview
9.6.3 Business Performance
9.6.4 Strategic moves and developments
184.108.40.206 Principal strategies: Product Launch
9.6.5 SWOT analysis of Cognex Corporation
9.7 Mass Group
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 SWOT analysis of Mass Group
9.8 Bio-Rad Laboratories
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Business Performance
9.8.4 SWOT analysis of Bio-Rad Labs.
9.9 IBM Corp.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Business Performance
9.9.4 SWOT analysis of IBM Corp.
9.10 Zebra Technologies
9.10.1 Company Overview
9.10.2 Company snapshot
9.10.3 Business Performance
9.10.4 SWOT analysis of zebra technologie technologies
List of Tables
Table 1 Food Traceability (Tracking Technologies) Market Revenue, By Geography, 2013 – 2020 ($Million)
Table 2 Top Three Winning Strategies In The Food Traceability (Tracking Technologies) Market
Table 3 Impact Analysis Of Drivers And Restraints On The Application Market Of Food Traceability (Tracking Technologies) Market
Table 4 Types Of Application Submarkets And Market Dynamics
Table 5 Global Food Tracking And Traceability Technologies Application Market Revenues, 2013 – 2020 ($Million)
Table 6 Drivers, Restraints And Challenges
Table 7 Global Food Tracking And Traceability Technology Market Revenues, 2013 – 2020 ($Million)
Table 8 Impact Analysis Of The Drivers And Restraints On Equipment Used In The Food Traceability (Tracking Technologies) Markets
Table 9 Types Of Equipment
Table 10 Global Food Traceability (Tracking Technologies) Equipment Market Revenues, 2013 – 2020 ($Million)
Table 11 Impact Analysis Of Some Drivers And Restraints Of Food Tracking And Traceability End User Market
Table 12 Types Of End-User Subtypes
Table 13 Global Food Traceability (Tracking Technologies) End User Market Revenues, 2013 – 2020 ($Million)
Table 14 Representation Of The Global Trends Of Food Traceability (Tracking Technologies) Market
Table 15 Global Food Traceability (Tracking Technologies) Market Geographic Revenues, 2013 – 2020 (Cagr)
Table 16 Honeywell International Inc. Snapshot
Table 17 C.H. Robinson Inc. Snapshot
Table 18 Dupont Nutrition & Health Snapshot
Table 19 Intermec Inc. Snapshot
Table 20 Motorola Solutions Snapshot
Table 21 Cognex Corporation Snapshot
Table 22 Mass Group Snapshot
Table 23 Bio-Rad Laboratories Snapshot
Table 24 Ibm Corp Snapshot
Table 25 Zebra Technologies Snapshot
List of Figures
Fig.1 Top Ten Factors Impacting Food Traceability (Tracking Technologies) Market
Fig.2 Market Player Positioning
Fig.3 Top Markets In Food Traceability (Tracking Technologies) Market
Fig.4 Top Markets In Food Traceability Equipment Market
Fig.5 Top Markets In Food Traceability End User Market
Fig.6 Top Markets In Food Traceability Application Market
Fig.7 Top Food Traceability (Tracking Technologies) Market By Geography
Fig.8 Porter’S Five Force Analysis
Fig.9 Impact Analysis Of The Top Drivers And Restraints Of The Various Technologies On The Food Traceability (Tracking Technologies) Market
Fig.10 Food Traceability (Tracking Technologies) Market Cagr By Geographic Region, 2013 – 2020
Fig.11 Financial Revenue By Segments (2012)
Fig.12 SWOT Analysis Of Honeywell International Inc
Fig.13 Financial Revenue By Services (2012)
Fig.14 Financial Revenue By Geography (2012)
Fig.15 SWOT Analysis Of C.H. Robinson Inc.
Fig.16 Financial Revenue By Segment (2012)
Fig.17 Financial Revenue By Geography (2012)
Fig.18 SWOT Analysis Of Dupont Nutrition & Health
Fig.19 Financial Revenue By Business Units (2012)
Fig.20 Financial Revenues By Geography (2012)
Fig.21 SWOT Analysis Of Intermec Inc.
Fig.22 Financial By Geography (2012)
Fig.23 SWOT Analysis Of Motorola Solutions Inc.
Fig.24 Revenue By Segment (2012)
Fig.25 Revenue By Geography (2012)
Fig.26 SWOT Analysis Of Cognex Corporation
Fig.27 SWOT Analysis Of Mass Group.
Fig.28 Financial Revenue By Segments (2012)
Fig.29 Financial Revenue By Geography (2012)
Fig.30 SWOT Analysis Of Bio-Rad Labs.
Fig.31 Financial Revenue By Segments (2012)
Fig.32 Financial Revenues By Geography (2012)
Fig.33 SWOT Analysis Of Ibm Corp.
Fig.34 Revenue By Product Category
Fig.35 Revenue By Geography
Fig.36 SWOT Analysis Of Zebra Technologies
Food Traceability Market Report forecasts that the global market was valued at $10,086 million in 2016, and is projected to reach $18,528 million by 2023, growing at a CAGR of 9.1% from 2017 to 2023. The barcode technology held more than three-fourths of the global market in 2016.
Food traceability (tracking technologies) involves screening the movement of food & related products via their production, processing, and distribution. As food production consists of various stages, including sourcing seeds & fertilizers, farming, harvesting, processing, storage, transportation and retail sales, there are risks associated, such as contamination, making it imperative to have a food traceability system. The procedures involved during this include identification, link, records of information, collection & storage of information, and verification. The primary purpose of food tracking is food safety and prevention from food-borne diseases, thus being directly related to the health of consumers. The global food traceability (tracking technologies) market is segmented based on equipment, technology, application, end user, and geography.
Currently, the food traceability (tracking technologies) market is well established in developed countries such as the U.S., UK, Japan, Australia, and others, due to early implementation by corporate professionals and government policies supporting food traceability in these countries. Currently, food can be sourced through any part of the world, which possesses a major challenge for traceability. Emerging nations, such as India, China, Korea, and others, are in the process of adopting strict traceability systems due to increase in awareness & knowledge among the general population and improvement in lifestyle of people, thus driving rapid growth of the global traceability market in Asia-Pacific.
Competitive edge, brand loyalty, better flow of information upstream & downstream of supply chain, and legislative framework are few other drivers of the global market. The major factor that restricts this growth is additional cost associated with the entire procedure.
Corporate companies in the food market understand the importance of implementing traceability, in terms of reducing cost in recall scenarios, which is expected to improve consumer confidence and enhance the companys image. Developing nations are witnessing highest growth rates in the global food traceability market, owing to increase in health consciousness among the people and upsurge in familiarity associated with significance of effective food traceability system.
In 2016, the meat & livestock application occupied almost half of the share of the food traceability (tracking technologies) market, followed by fresh produce and seeds. However, this trend is expected to decline to some extent during the forecast period, owing to the highest growth rate of fisheries application. The main end users employing food traceability (tracking technologies) are food retailers and food manufacturers. Moreover, these segments occupied major market in 2016, and are expected to grow at lucrative CAGRs, during the forecast period. 2D & 1D scanners, tags & labels, and thermal printers are the main equipment used in the global food traceability market, which collectively occupied more than three-fourth share in 2016.
Key Findings of Food Traceability Market:
- Sensors equipment in the global food traceability (tracking technologies) market is expected to develop at the highest CAGR in terms of revenue, during the forecast period.
- Fisheries is anticipated to be the fastest growing application segment with 14.5% CAGR, in value terms.
- North America is expected to continue to be the dominant shareholder, with more nearly two-fifths revenue share.
- Asia-Pacific region is anticipated to grow with the highest CAGR during the forecast period.
- RFID/RTLS technology is growing at a rapid pace, with lucrative CAGR, and occupied second highest market share in 2016.
- Food manufacturers is the main end user of the global market, with second highest share and highest CAGR.
In 2016, Asia-Pacific and LAMEA collectively accounted for around two-fifths share of the global food traceability (tracking technologies) market, registering lucrative CAGRs and are expected to continue this trend. This is attributed to upsurge in population and rise in disposable income, specifically in China, India, Brazil, and other developing economies. Improving lifestyles and rising health & fitness-related concerns are main reasons for the development of the market in Asia-Pacific.
Major companies profiled in this report are Honeywell International Inc., C.H. Robinson INC., DuPont Nutrition & Health, INTERMEC INC., Motorola solutions, Inc., Cognex Corporation, MASS GROUP, Bio-Rad Laboratories, IBM CORP, and Zebra Technologies.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.