Zion Market Research, the market research group announced the analysis report titled ‘Food Traceability Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Food Traceability Market: Overview
Food traceability is nothing but the process to track any type of food through all stages of processing, production, and distribution. This covers up all important and retail decisions as well. The term traceability here reflects that all the movements can be traced down one step backward and one step forward at any point in the chain of supply.
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Global Food Traceability Market: Growth Factors
The global food traceability market is expected to show a sudden boost in the near future owing to the fact of its growing applications in various fields such as packaging, logistics, retail, storage, and handling. The increasing number of traces contamination & product recalls and technological advancements are the key reasons that are driving the global food traceability market. These advanced technologies include barcode, RFID, infrared, biometrics, and GPS.
The rise in the demand for the traceability of the food for various fields and regions is another reason for the elevation of global food traceability market. Moreover, the low cost of the process is the major factor driving the global market. In addition to this, the increased number of the job opportunities and affordable labor charges lowered the growth of global food traceability market. Furthermore, the low cost of the maintenance, affordable transportation charges, and low price of the raw materials are the factors that played the crucial role in the growth of the global market.
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Global Food Traceability Market: Segmentation
The global food traceability market does not have many branches to be segmented. It is classified solely on the type of applications as canned or bottled food, beverages, vegetables, meat, seed fruits, freshly produced fruits, fish or seafood, dairy products, poultry, and others.
Global Food Traceability Market: Regional Analysis
Regionally, the global food traceability market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America, as usual, is said to be at the top in the global market due to the increased use of advanced technologies in the field of food testing and traceability. On the other hand, Europe is estimated to show a drastic change in the growth of the global food traceability market in the next few years. Asia-Pacific will emerge in the global market in the coming future. Countries such as India and China will be the main attraction of the season. The remaining part of the world will show steady growth in the global food traceability market.
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Global Food Traceability Market: Competitive Players
Key players in global food traceability market include A2B Tracking Solutions, IBM Corp., Picarro Inc., Motorola Solutions Inc., Merit-Trax Technologies Inc, Barcoding Inc., and many others.
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