Traceability is the process of tracing the product’s origin on the premise of documented identification. Food traceability is necessary for ensuring food safety that helps in distinguishing the merchandise to be recalled from the availability chain just in case of any mishaps associated with contamination or adulteration.

Ensuring food traceability for all food product is elusive as pursuit becomes tough due to the subsequent reasons: staple offer is employed on multiple batches of intermediate and final product, end product is shipped to multiple customers from one production unit and raw materials obtained from suppliers doesn't return from direct linear chain however rather a posh offer network.

Market Trends & Growth:
According to IndustryARC, Global Food Traceability Market is projected to grow at a CAGR 8.9% and set to reach $14,601.5 Million throughout forecast amount 2015-2020.

Growing foodborne diseases around the world, food adulteration incidents throughout countries, increasing concern for food safety among consumers across the globe and conjointly governments tributary in terms of legal framework and strict rules for adoption of food traceability systems are the Driving Factors of this market.

Regionally, it was accounted that the market was dominated by North America within the past few years, followed by Europe. On the other hand, APAC market is projected to grow at the highest CAGR attributable to the rapid development and growth in major developing countries like Asian country and China in varied applications like food turn out, meat produces and seafood product.

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To mention, the rising demand for technologies such as barcodes, RFIS technologies and biometrics in these regions is conjointly driving the general market share.
REPORT SCOPE: Market Segmentation:
Food Traceability Market is classified in 4 broad segments based on few factors like:
1. By Technology: Infrared Technology, Barcode, Biometric and Others.
2. By End User: Food Retailers, Warehouse, Government Departments, Food Manufacturers and Others.
3. By Applications: Fisheries, Dairy Food, Meat & Poultry, Beverages and Others.
4. By Geography: North America, Europe, APAC and ROW.

Key Players:
Few notable market players which are studied and mentioned in this report are:
• Honeywell International, Inc (U.S.)
• Cognex Corporation (U.S.)
• Alien Technology Corporation (U.S.)
• A2B Tracking Solution (U.S.)
• Zebra Technologies (U.S.)
• Unitech Electronics Co., LTD (Taiwan)

About IndustryARC:
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

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