Food Traceability Market: A Comprehensive Overview of the Industry's Key Players and Trends


Market Size – USD 4.54 Billion in 2020, Market Growth – at a CAGR of 10.2%, Market Trends – Focus on more transparency across the food supply chain, use of predictive analysis, and better visibility of goods

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The Global Food Traceability Market Report, published by Emergen Research, offers an industry-wide assessment of the Food Traceability market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2027. The current trends of the Food Traceability market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Food Traceability market report. Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Food Traceability industry

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.

Get a sample of the report @ https://www.emergenresearch.com/request-sample/843

Market Dynamics:

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

Competitive Landscape:

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

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/food-traceability-market

Segments Covered in this report are:

  • Equipment Outlook (Revenue, USD Billion; 2018–2028)

    • Sensors
    • Thermal Printers
    • Tags Labels
    • PDA with GPS
    • 2D 1D Scanners
    • Others
  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Dairy
    • Fisheries
    • Beverages
    • Fresh Produce Seeds
    • Meat Livestock
    • Others

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