Product Code: 26537
KEY FINDINGS
Food traceability involves the ability to track food in the supply chain stage and provide information about product quality. According to Inkwood Research, the global food traceability market is anticipated to flourish with a CAGR of 6.19% from 2019 to 2027. The market is expected to generate a revenue of $18561.91 million by 2027. The rising necessity to detect food contamination and assist the minimization of food recalls is one of the primary factors driving the growth of food traceability market on a global scale.
MARKET INSIGHTS
The food traceability market is classified into several segments, namely end-users, equipment, application, and technology. The food traceability systems have wide applications in various types of foods such as fisheries, fresh produce & seeds, dairy, beverages, meat & livestock, and others. Applications in fisheries are expected to showcase a significant growth owing to the changing guidelines in several countries that make traceability of fisheries and seafood mandatory. Further, the globalization of the fish industry upsurge the demand for traceability, thereby boosting the food traceability market growth.
REGIONAL INSIGHTS
Geographically, the global food traceability market is divided into regions such as Europe, North America, Asia Pacific, along with the Rest of the World region, which includes other countries. The North America region is expected to dominate the food traceability market owing to the presence of end-users like food manufacturers and food retailers in the region. The region being technologically advanced, implements food traceability on a large scale, thereby elevating the market growth.
COMPETITIVE INSIGHTS
The prominent players in the food traceability market are Infor, Cognex Corporation, Motorola Solutions Inc., C.H. Robinson Worldwide Inc., Honeywell International Inc., Mass Group Inc., Zebra Technologies Corporation, Bio-Rad Laboratories Inc., Merit-Trax Technologies Inc., Picarro Inc., Thermo Fisher Scientific, SGS SA, International Business Machines Corporation, Carlisle Technology Inc, and E. I. du Pont de Nemours and Company.
Table of contents
1. RESEARCH SCOPE
- 1.1. STUDY GOALS
- 1.2. SCOPE OF THE MARKET STUDY
- 1.3. WHO WILL FIND THIS REPORT USEFUL?
- 1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
- 2.1. SOURCES OF DATA
- 2.1.1. SECONDARY DATA
- 2.1.2. PRIMARY DATA
- 2.2. TOP-DOWN APPROACH
- 2.3. BOTTOM-UP APPROACH
- 2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
- 3.1. MARKET SUMMARY
- 3.2. KEY FINDINGS
- 3.2.1. FOOD MANUFACTURERS WILL LEAD IN TERMS OF REVENUE
- 3.2.2. MEAT AND LIVESTOCK SEGMENT TO BE DOMINANT IN THE APPLICATION
- 3.2.3. BARCODES CONTINUE TO BE THE MAJOR IDENTIFIER TECHNOLOGY
4. MARKET DYNAMICS
- 4.1. MARKET SCOPE & DEFINITION
- 4.2. MARKET DRIVERS
- 4.2.1. DETECTING CONTAMINATION AND ASSISTING IN PRODUCT RECALLS
- 4.2.2. LAWS BY GOVERNMENTS
- 4.2.3. STANDARDIZATIONS AND CERTIFICATIONS OF DATA
- 4.2.4. COMPETITIVE EDGE AMONG THE COMPANIES AND BRAND LOYALTY BY CONSUMERS
- 4.3. MARKET RESTRAINTS
- 4.3.1. ASSOCIATED COST
- 4.3.2. LACK OF STRINGENT LAWS IN DEVELOPING NATIONS
- 4.3.3. VARYING NEEDS FOR DIFFERENT PRODUCTS
- 4.4. MARKET OPPORTUNITIES
- 4.4.1. HIGH DEMAND FOR TRACKING TECHNOLOGIES IN EMERGING ECONOMIES
- 4.4.2. EFFICIENCY IN THE SUPPLY CHAIN OPERATIONS
- 4.4.3. RISK MITIGATION BENEFITS
- 4.5. MARKET CHALLENGES
- 4.5.1. LACK OF TRACKING RECORDS
- 4.5.2. OVERLAPPING AND CONFLICTING DEMANDS
- 4.5.3. WEAK TECHNICAL SYSTEMS
5. MARKET BY TECHNOLOGY
- 5.1. RFID/RTLS
- 5.2. GPS
- 5.3. BARCODE
- 5.4. INFRARED
- 5.5. BIOMETRICS
6. MARKET BY EQUIPMENT
- 6.1. PDA WITH GPS
- 6.2. THERMAL PRINTERS
- 6.3. 2D AND 1D SCANNERS
- 6.4. TAGS AND LABELS
- 6.5. SENSORS
- 6.6. OTHER EQUIPMENT
7. MARKET BY APPLICATION
- 7.1. MEAT AND LIVESTOCK
- 7.2. FRESH PRODUCE AND SEEDS
- 7.3. DAIRY
- 7.4. BEVERAGES
- 7.5. FISHERIES
- 7.6. OTHER APPLICATION
8. MARKET BY END USERS
- 8.1. FOOD MANUFACTURERS
- 8.2. WAREHOUSE/PACK FARMS
- 8.3. FOOD RETAILERS
- 8.4. DEFENSE AND SECURITY DEPARTMENTS
- 8.5. OTHER GOVERNMENT DEPARTMENTS
- 8.6. OTHER END USER
9. KEY ANALYTICS
- 9.1. PORTER'S FIVE FORCE MODEL
- 9.1.1. THREAT OF NEW ENTRANTS
- 9.1.2. THREAT OF SUBSTITUTE
- 9.1.3. BARGAINING POWER OF SUPPLIERS
- 9.1.4. BARGAINING POWER OF BUYERS
- 9.1.5. THREAT OF COMPETITIVE RIVALRY
- 9.2. FOOD TRACEABILITY SOFTWARE MARKET TRENDS
- 9.2.1. POULTRY FARM AND FARM MANAGEMENT SOFTWARE
- 9.2.2. QUALITY MANAGEMENT SOLUTIONS
- 9.2.3. WAREHOUSE MANAGEMENT SOFTWARE (WMS)
- 9.2.4. ENTERPRISE RESOURCE PLANNING (ERP)
- 9.2.5. LABORATORY INFORMATION SYSTEM (LIS)
- 9.2.6. CLOUD COMPUTING
- 9.3. KEY BUYING CRITERIA
- 9.3.1. COST
- 9.3.2. GOVERNMENT REGULATIONS
- 9.3.3. APPLICATION
- 9.4. OPPORTUNITY MATRIX
- 9.5. VENDOR LANDSCAPE
10. GEOGRAPHICAL ANALYSIS
- 10.1. NORTH AMERICA
- 10.1.1. UNITED STATES
- 10.1.2. CANADA
- 10.2. EUROPE
- 10.2.1. UNITED KINGDOM
- 10.2.2. GERMANY
- 10.2.3. FRANCE
- 10.2.4. SPAIN
- 10.2.5. ITALY
- 10.2.6. REST OF EUROPE
- 10.3. ASIA PACIFIC
- 10.3.1. CHINA
- 10.3.2. JAPAN
- 10.3.3. INDIA
- 10.3.4. SOUTH KOREA
- 10.3.5. AUSTRALIA
- 10.3.6. REST OF ASIA PACIFIC
- 10.4. REST OF WORLD
- 10.4.1. LATIN AMERICA
- 10.4.2. MIDDLE EAST & AFRICA
11. COMPANY PROFILES
- 11.1. BIO-RAD LABORATORIES, INC.
- 11.2. C.H. ROBINSON WORLDWIDE, INC.
- 11.3. COGNEX CORPORATION
- 11.4. E. I. DU PONT DE NEMOURS AND COMPANY
- 11.5. HONEYWELL INTERNATIONAL INC.
- 11.6. INTERNATIONAL BUSINESS MACHINES CORPORATION
- 11.7. MASS GROUP INC.
- 11.8. MOTOROLA SOLUTIONS, INC.
- 11.9. SGS SA
- 11.10. ZEBRA TECHNOLOGIES CORPORATION
- 11.11. CARLISLE TECHNOLOGY INC.
- 11.12. INFOR
- 11.13. MERIT-TRAX TECHNOLOGIES INC.
- 11.14. PICARRO INC.
- 11.15. THERMO FISHER SCIENTIFIC