A Global Food Traceability Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Food Traceability industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Food Traceability market, this study covers qualitative and quantitative aspects of the Food Traceability market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2027 for the Food Traceability market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The global food traceability market size reached USD 4.54 Billion in 2020 and is expected to register a revenue CAGR of 10.2%, during the forecast period, according to latest analysis by Emergen Research. Some of the majorfactors driving global food traceability market revenue growth include increasing deployment of traceability solutions to digitize, secure, and leverage valuable data, thereby enabling safe and sustainable transparency in the supply chain and for tracking and tracing products flow – from raw materials to consumers – and more innovative, interoperability, and efficiency. In addition, rising need to increase quality control systems and reduce risks are other factors expected to continue to boost revenue growth of the market in the near future. Quality control in food traceability systems can enable evaluation of food quality along supply chain stages and aids in enhancing customer experience and satisfaction.
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The report offers insightful information about the market dynamics of the Food Traceability market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Food Traceability market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Food Traceability market.
Radical Highlights of the Food Traceability Market Report:
- Comprehensive overview of the Food Traceability market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Food Traceability market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Honeywell International Inc, Cognex Corporation, Keyence Corporation, Bext360 INC, Foodlogiq LLC, TraceOne Inc, Traceall Global Limited, Merit-Trex Technologies Inc, TE-Food Enterprise, Carlisle Incorporated
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Segments Covered in this report are:
Equipment Outlook (Revenue, USD Billion; 2018–2028)
- Thermal Printers
- Tags Labels
- PDA with GPS
- 2D 1D Scanners
Application Outlook (Revenue, USD Billion; 2018–2028)
- Fresh Produce Seeds
- Meat Livestock