Food Traceability Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the Food Traceability Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Food Traceability Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2026
The Food Traceability Market is forecast to grow at around 10.9% CAGR during the forecast period, i.e., 2021-26, says MarkNtel Advisors.
What are the major Driver the Food Traceability industry?
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 Centers 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.
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What segments define the Food Traceability market from 2021 to 2026? How do these segments contribute to market dynamics and growth?
- 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
Explore the Complete Food Traceability Market Analysis Report – https://www.marknteladvisors.com/research-library/food-traceability-market.html
Geographical Analysis: Food Traceability Market
o North America
o South America
o Europe
o Middle East & Africa
o Asia-Pacific
Food Traceability Market Share & Competitive Landscape:
The Food Traceability Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Food Traceability Market are:
- Honeywell
- CH Robinson Inc
- Intelex Technologies
- SAP
- Bio Rad Laboratories
- IBM
- Intertek
- Cognex
- Harvest Mark
- Bcfooderp
- Merit Track
- Food Decision Software
- JustFoodERP
- Optel
- Others
Questions Addressed in this Study
1.What factors are driving the Food Traceability Market growth?
2.How is the Food Traceability Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Food Traceability Market?
4.What is the current size of the Food Traceability Market, and how is it projected to change in the future?
6.What is the future outlook for the Food Traceability Market in terms of technological advancements and market expansion?
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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.
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