Food traceability is defined as the integration of tracking technologies for food products in the entire manufacturing and commercialization processes. These technologies are implemented in the processing stage of raw materials, production of food products which involve the conversion of raw materials into end-use products till the point of distribution and their subsequent commercialization.
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Food traceability market is growing due to government rules and legislative framework, ability to trace contamination and assist product call; the effects of these factors are mentioned below:
The market is segmented on the basis of technologies as infrared, biometric, GPS, RFID, barcodes, NFC; end users as warehouse, government departments, manufacturer, retailer, farmers, defense & security departments, other; applications as seafood products, fresh food & seeds, beverage products, meat & poultry, dairy products, canned or bottled food, others.
“According to Data Bridge Market Research, Global Food Traceability Market is expected to be growing with a substantial CAGR of 9.30% during the forecast period of 2019 to 2026”
Some of the major players operating in market are Honeywell International Inc., DuPont, IBM Corporation., United Electronics Co. L.L.C.., MASS Group., Merit-Trax Technologies, C.H. Robinson Worldwide, Inc., Bar Code Integrators, Inc., Bio-Rad Laboratories, Inc., Carlisle Technology, Cognex Corporation, Picarro, Inc., SGS SA, Thermo Fisher Scientific, Zebra Technologies Corp., Datalogic S.p.A., FoodLogiQ, Infor., Mar-Kov Computer Systems Inc., STID, Impinj, Inc. among others.
Due to the increasing presence of foodborne diseases and contamination in food products, there has been an increased focus of authorities and consumers from the emerging regions of the world. The authorities of these regions are adopting better measures and technologies ensuring that the products provided to the population are free from any contamination or diseases. This technology also safeguards that the entire information regarding the products are available to the consumers in an easy form without any complications or special requirements.
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Global Food Traceability Market – Industry Trends and Forecast to 2026