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Global Food Traceability Market Size, Analysis, Growth, Future, Trends Analysis 2021-2026

The "Global Food Traceability Market Analysis, 2026" is one of MarkNtel Advisors' most recent reports, and it provides a detail-driven examination of the industry's present and future scenarios, taking into account, among other things, market size, geographical shares, main rivals, challenges, opportunities, and threats.

What Size Is the Market for Global Food Traceability?

According to the study, the Global Food Traceability Market is set to register around 10.9% CAGR during 2021-26. With this report, our domain-specific experts dedicated analysts aim to provide stakeholders with detailed insights into the constant fluctuations in the market growth trajectory and what to expect in the forecasted period, helping them thrive in the industry.

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What are the industry's growth prospects and drivers for Food Traceability?

Burgeoning Food Adulteration Food Borne Diseases to Boost the Market Growth - Food adulteration has become a regular process in the production process of any food product. Food contamination with pathogens and mycotoxins generally causes food-borne illnesses. According to the Canters for Disease Control and Prevention (CDC), food diseases may cause an estimated 325,000 serious ailments resulting in hospitalizations, 76 million cases of gastrointestinal illnesses, and 5,000 deaths each year.

Packaged food service has gained immense popularity over the last few years, leading to a surge in several people handling the food supply chain. Hence, the probability of transmission of food-borne infections from handlers to consumers’ increases, which, in turn, shall fuel the demand for food traceability practices in the years to come.

Key Segments and Geographical Analysis of Food Traceability Market

This report's part aims to give stakeholders insights into fast-growing markets and assist them in developing winning business plans to stay competitive. Technical trends, downstream and upstream value chain analysis, Porter's five forces analysis, and market forecasts for specific areas and nations are some of the key factors taken into account. Following is a segmentation of the Food Traceability Market:

By Equipment

PDA with GPS
Thermal Printers
2D 1D Scanners
Tags and Labels

By Technology

Barcodes
Radio Frequency Identification (RFID) devices
Warehouse Management Systems (WMS)
Blockchain-Based Applications
Food-Sensing Technologies
Infrared
Internet of Things (IoT)

By Application

Meat, Seafood and Poultry
Vegetables and Fruits
Dairy Products
Beverages
Others

By End-User

Food Manufacturers
Warehouse/Pack Farms
Food Retailers
Government Departments
Others

Geographically, the Global Food Traceability Market encompasses the following regions:

- North America

- South America

- Europe

- Middle East Africa

- Asia Pacific

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Competitive Landscape of Food Traceability Industry:

In this section, the authors of the report conduct a comprehensive analysis of major companies operating in the Food Traceability Market. They discuss the companies' strategies, latest developments, expansion plans, product and service portfolios, mergers and acquisitions, as well as opportunities for increasing profit margins. The report highlights the following prominent Food Traceability companies:

- Honeywell

- CH Robinson Inc

- Intelex Technologies

- SAP

- Bio Rad Laboratories

- IBM

- Intertek

- Cognex

- Harvest Mark

- Bcfooderp

- Merit Track

- Food Decision Software

- JustFoodERP

- Optel

- Others

We vigilant in monitoring market trends and the industry's response geographically. We also provide estimates of the latest market trends and forecasts, taking into account the potential impact of the market.

Note: In case you missed it, we are currently revising our reports. Click on the "Request-Customized Report" button to get the latest research data for the years 2023 to 2028, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.

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MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfil their assessment of the current future industry potential, identify white spaces hotspots, venture into new geographies or business segments in the future.