Exploring Food Traceability Market Opportunity, Latest Trends, Demand, and Development By 2026
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Food Traceability Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Food Traceability Industry (2021-2026):
According to the latest report, The Food Traceability Market is forecast to grow at around 10.9% CAGR during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The report demonstrates the prominent factors propelling the exponential growth of the Food Traceability industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2016-19
- Base Year: 2020
- Forecast Period: 2021-26
- CAGR – 10.9%
What are the major Driver the Food Traceability industry?
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.
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Food Traceability Market Segmentation
The Food Traceability Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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
As per the regional aspect, the Food Traceability Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/food-traceability-market.html
Top Companies in the Food Traceability Market
Honeywell, CH Robinson Inc, Intelex Technologies, SAP, Bio Rad Laboratories, IBM, Intertek, Cognex, Harvest Mark, Bcfooderp, Merit Track, Food Decision Software, JustFoodERP, Optel, Others
Why Markntel Advisors Report?
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