[b]Food Traceability[/b] is a simple concept of tracking food products throughout the supply chain right from being manufactured till it reaches the end customer for consumption. This technology simply enables to track the movement of a food product have a track of the movement of the food item during the entire process of production, processing, distribution and end point. The system is no more remained as an option but has become a necessity in the present day to ensure the food safety that helps in taking necessary steps in case of any expected/unexpected mishaps or contamination or adulteration.

[b]However, many times, keeping note becomes difficult because of instances like:[/b]
• Raw material supply is used on multiple batches of intermediate and final products,
• End product is shipped to multiple customers from a single production unit,
• Raw materials obtained from suppliers do not come from direct linear chain but rather a complex supply network.

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An outbreak of food borne disease can have a direct impact on the national budget and the governments want to avoid the same. In the U.S., the Food and Drug Administration is responsible for making food traceability laws as it is estimated that 3,000 people die every year due to food borne diseases. Clearly, Food Traceability Market is viewed to be growing at a healthy rate with increasing awareness about food safety among governments and consumers.

[b]Market Trends:[/b]

According to IndustryARC, Global Food Traceability Market is projected to grow at a CAGR 8.9% and set to reach $14,601.5 Million during forecast period 2015-2020.

[b]Driving factors:[/b]

Food Traceability Market has been growing significantly over the last five years mainly due to reasons like:
• Growing foodborne diseases around the world
• Food adulteration incidents throughout
• Increasing concern for food safety among consumers across the globe
• Governments contributing in terms of legal framework and strict rules for adoption of food traceability systems.

[b]Regionally:[/b] It was accounted that the market was dominated by North America in the past few years, followed by Europe. On the other hand, APAC market is projected to grow at the highest CAGR owing to the rapid development and growth in major developing countries like India and China in various applications like fresh food produce, meat produces and seafood products; also, the rising demand for technologies such as barcodes, RFIS technologies and biometrics in these regions is also driving the overall market share.

Conclusion being, earlier, the adoption of food tracking technologies in developed nations such as the U.S., Japan and Australia was noted successful. Further towards today, globalization of the food market has increased the importance of a traceability system even in developing nations.
Barcode reader is the preferred technology for food traceability in the Food & Beverage Industry.

[b]REPORT SCOPE:[/b]
This report on the Global Food Traceability market provides the market size and forecast for the regions of APAC, Europe, America and RoW. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the food traceability market and future opportunities are also provided in the report. This report identifies many such insights and M&A opportunities, besides providing a detailed analysis of the market. Furthermore, the report profiles 40+ key players of this market.

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[b]Market Segmentation:[/b]

Food Traceability Market is broadly segmented into 4 types with the following factors:
1. By Technology: Infrared Technology, Barcode, Biometric and Others.
2. By End User: Food Retailers, Warehouse, Government Departments, Food Manufacturers and Others.
3. By Applications: Fisheries, Dairy Food, Meat & Poultry, Beverages and Others.
4. By Geography: North America, Europe, APAC and ROW.

[b]Key Players:[/b]

Top competitors have been adopting latest technologies, making new launches and expansions as their preferred strategies to sustain the competition in the market. Few notable industry players mentioned analyzed and mentioned in this report by IndustryARC are:
• Honeywell International, Inc (U.S.)
• Zebra Technologies (U.S.)
• Cognex Corporation (U.S.)
• Redline Solutions, Inc (U.S.)
• A2B Tracking Solution (U.S.)

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[b]About IndustryARC: [/b]

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

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