DALLAS, April 17, 2015 /PRNewswire/ --
The report, "Food Traceability Market by Technology (RFID,
GPS, Barcode, Infrared, Biometric), End User (Manufacturer,
Warehouse, Retailer, Government), Application (Fresh food Produce,
Meat & Poultry, Seafood, Dairy, Beverage) & Region - Global
Trend & Forecast to 2019", defines and segments the
Food Traceability Market on the basis of various technologies, end
users, applications, and regions, with analyses and projections of
the market size of each of these segments in terms of value. The
Food Traceability Market is projected to grow at a CAGR of about 9%
to reach $14 Billion by 2019.
Browse 86 market data Tables and
64 Figures spread through 170
Pages and in-depth TOC on "Food
Traceability Market"
http://www.marketsandmarkets.com/Market-Reports/food-traceability-market-103288069.html
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report.
Traceability is a technology that enables the tracking of a
product throughout the supply chain, from raw material suppliers to
end consumers. Traceability facilitates recall or withdrawal of
food products whenever necessary. It enables consumers to be
provided with targeted and accurate information concerning
implicated products. It is crucial to the investigation of the
causes of food poisoning and other contamination outbreaks.
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The Food Traceability Market is driven by the growth in
food-borne diseases and food adulteration incidents. The food
traceability market has been growing significantly over the last
five years due to increasing concern among consumers for food
safety and legislative framework. The key players adopted new
technology launches and expansions as their preferred strategies to
sustain the competition in the market. Barcode reader is the
preferred technology for food traceability in the food &
beverage industry.
The Food Traceability Market is projected to grow at a CAGR of
about 9% to reach $14 Billion by
2019. In 2013, North America was
the largest market for food traceability. Asia-Pacific is projected to be the
fastest-growing market for food traceability during the review
period. This is driven by the technological advancement and growing
concern for food safety among consumers in developing countries
such as India and China.
The report includes the marketing and development strategies,
along with the product portfolio of leading companies. The report
includes the profiles of the leading companies such as Honeywell
International, Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.),
Bio-Rad Laboratories, Inc. (U.S.), DuPont (U.S.), Cognex
Corporation (U.S.), and SGS S.A. (Switzerland). The key players in the market
are persistent on new technology launches and expansion of their
facilities in new markets and are actively investing in R&D
activities to gain a competitive edge through new technology
developments
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http://www.marketsandmarkets.com/Market-Reports/food-safety-365.html
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