Global Food Traceability Markets

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Global Food Traceability Markets
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Summary
The global market for food traceability
technologies should reach 15.1 billion by 2021
from 10.7 billion in 2016 at a compound annual
growth rate (CAGR) of 7.1, from 2016 to
2021.This study aims to provide a thorough
analysis of the global food traceability market.
Specific coverage of key technology, service
segments, applications and end-use market
coverage areas are described in the Scope section
of this chapter.
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STUDY GOALS AND OBJECTIVES
The primary intent of this report is to provide
an in-depth analysis of the food traceability
market to enable its readers to make effective
decisions. This report also addresses the key
growing market areas with promising future
opportunities and long-term growth. Further
objectives of this report would be-To identify
and categorize key market segments of the food
traceability market, including equipment,
services, technologies and applications.-To
determine and evaluate core market dynamics and
their impact across geographic regions.-To
derive forecast figures for the key markets from
the years 2016 to 2021.-To analyze and
investigate key opportunities for a secure growth
in a competitive environment.
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PURPOSE OF THE STUDY
Globalization has become an essential way to
bridge the gap between demand and supply, which
in turn expands international food trade.
However, this expansion has also increased the
threat of contamination of food products,
bioterrorism and contagious diseases. Therefore,
food traceability is becoming a crucial,
inevitable tool against such devastating outbreak
of diseases such as avian flu, mad cow disease,
foot and mouth disease, or other potential
hazardous health consequences. The growing
consumer awareness has forced manufacturers to
adopt food traceability technologies within their
supply chain processes. Food traceability is also
perceived as an important part of quality
control, which helps with brand enhancement by
the manufacturer, thereby leading to consumer
retention. Although consumers were initially
skeptical about privacy, widespread awareness has
had a significant impact.
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SCOPE OF THE REPORT
The market is categorized based on equipment,
technology, software, services, applications and
end user markets. Key markets intended to be
covered include smart PDA with GPS, thermal
printers, 2D and 1D scanners, durable labels and
tags, sensors and others. The report also
encompasses key technologies like barcodes,
RFID/RTLS, GPS, infrared technology and
biometrics. Service segments may include online
traceability services, technology integration
services, customized services and others. Key
application areas comprise of meat traceability,
fresh produce and seeds, dairy products,
beverages, fisheries and aquaculture and others.
The end user market will include food
manufacturers, warehouse/pack farm, food
retailer, defense and security departments,
government departments and others.
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INTENDED AUDIENCE
This report would be useful to the entire
security solution industry including-Equipment
manufacturers, distributors and vendors of food
traceability solutions.-Software
developers.-Consultants, technology and system
integrators of food traceability
technologies.-Food retailers and end
users.-Sensor companies and others.-Regulatory
bodies and government agencies.-Research
oriented agencies and financial analyst
communities
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Full Report
Global Food Traceability Markets
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