Food Traceability (Tracking Technologies) Market to Accrue $22.27 Billion by 2025

Big Market Research has added a report on food traceability (Tracking Technologies) market. According to the report, the global food traceability market is expected to reach $22.27 billion by 2025, registering a CAGR of 9.3% from 2018 to 2025.

Portland. OR, May 09, 2019 (GLOBE NEWSWIRE) -- Global Food Traceability Market study presents industry definition and scope, key findings, top investment pockets, and top winning strategies of the industry for the forecast period, 2018–2025. Additionally, an exhaustive profiling of leading market players active in the industry is included in the report. The report outlines the prevailing competition within the industry for new entrants. Furthermore, the report provides key drivers, current market status, and recent advancements in the industry.

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The report offers a detailed segmentation of the global food traceability market. The market is categorized based on equipment type, technology type, end user, application type, and region. The study bifurcates the equipment type into sensors, PDA with GPS (Personal Digital Assistant with Global Positioning System), 2D & 1D scanners, thermal printers, tags & labels, and others. Based on technologies, the research classifies the market into GPS, biometrics, radio frequency identification/real-time location system (RFID/RTLS), barcode, and infrared. The study bifurcates the application type into dairy, beverages, fresh produce & seeds, fisheries, meat & livestock, and others. The different end users of this market are government departments, warehouse/pack farms, food retailers, food manufacturers, defense & security departments, and others.

The report provides recent updates related to the market. Additionally, an extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market. The study provides geographical distribution of the market which includes Asia-Pacific, LAMEA, Europe, North America, and rest of the world. According to the report, Asia-Pacific is expected to sustain a leading position in the global food traceability market throughout the forecast period. The study provides in-depth analysis of leading market players in the market. The key players explored in the industry include Honeywell International Inc., CH Robinson Worldwide Inc., Cognex Corporation, Bio-Rad Laboratories, Inc., E. I. Du Pont de Nemours and Company (DuPont), International Business Machines Corporation, SGS SA, Zebra Technologies Corporation and MASS Group Inc., Motorola Solutions, Inc. and others.

The report discusses the factors that drive and restrict the growth of the market. As per the report, the global food traceability (tracking technologies) market is developing at a considerable rate due to factors such as rise in awareness about food safety among the government and consumers, increased food contamination due to complex food chain process, and others. The study highlights changing market dynamics on the basis of drivers and challenges.

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The report offers in-depth quantitative and qualitative analysis of the recent trends in the market. The insights provided in the report help stakeholders to determine investment suitability and market players to grab opportunities for partnerships, collaborations, and agreements.  

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