New York, February 01, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Food Traceability Market – A Global and Regional Study: Focus on Results, Applications, End User and Rural Level Analysis – Detail Review and Estimate, 2019-2025 “- https://www.reportlinker.com/p06018976/?utm_source=GNW
• Demand – Dairy products, poultry, and seafood, beverages, fresh produce, others (cereals, seeds, nuts)
• End Users – Food Manufacturers, Food Retailers, Government Department, Warehouses, Other (Departments of Defense and Security, Farmers, For-Profit Organizations, and Co-operatives)
Regional Seal
• North America – USA, Canada, and Mexico
• Europe – Germany, France and Italy
• RA
• Asia-Pacific and Japan – Australia and New Zealand (ANZ), Japan and India
• China
• Middle East and Africa – Saudi Arabia, Israel, the rest of the Middle East and Africa
• South America – Brazil and Argentina
Growth drivers
• Concerns over food safety among consumers
• Increase in food production and pollution
• Initiatives by regulatory bodies to improve food safety across countries
Market challenges
• Lack of basic infrastructure in developing countries
• Problem in data collection and accuracy of information
• Cost requirements for detection systems
Market opportunities
• Technological advances in the food discovery industry
• Growth opportunities in emerging markets
Leading food companies listed
Honeywell International Inc., CH Robinson Inc, DuPont Nutrition and Biology, Bio-Rad Laboratories, IBM Corporation, Intertek Group, Cognex Corporation, and Zebra Technologies, among others
Key questions answered in this report:
• What are the underlying structures resulting from the emerging trends within the global food sourcing market?
• What are the estimates for the size of the global food sourcing market in terms of revenue for the period 2019-2025? What is the expected annual growth rate (CAGR) in the projected period 2020-2025?
• What is the forecast and expected revenue from the various product offering types, including RFID, barcode, infrared, biometrics, and others, for the period 2019-2025?
• What is the expected forecast and estimated revenue of various applications of good trace systems, i.e., dairy products, meat, poultry and seafood, beverages, fresh produce, and others, for the period 2019-2025?
• What is the expected forecast and estimated revenue of various end users, ie food manufacturers, food retailers, government department, warehouses and others, for the 2019-2025 period?
• What are the current market sizes, forecast, and regional trends of global food sourcing market across different regions, namely North America, South America, UK, Europe, Asia-Pacific and Japan, China , and the Middle East and Africa?
• What are the major barriers to the growth of the global food sourcing market?
• What kind of new growth strategies (unions and benefits, partnerships, expansion, products, others) are adopted by the existing market players to expand their market share in the industry?
• What is the impact of COVID-19 on the global food discovery market?
Market overview
There has been an increase in focus among companies in the food industry about implementing food trace systems in their work. Given the growing issues of food contamination, major product recalls, and food contamination incidents, a detection system is needed for food safety and reliability.
With a manual handling system where the user can check the farm-to-fork history of their product, the user’s trust can be achieved. In addition, governments have made active contributions to the development of the food industry with laws and regulations that promote food sourcing and make it mandatory in some areas.
The food safety and detection system is the solution to a number of problems in the food industry and is essential for achieving total food safety.
The main driving reasons for the global food discovery system industry over the years have been the growing concern among consumers regarding the safety of their food. Food contamination incidents and reminders have contributed to diminishing consumer confidence in the safety of their food.
Leading companies in the industry are actively incorporating search and discovery systems into their operations, and companies such as IBM Corporation have developed food tracking software called the IBM Food Trust, which is a great solution for leading companies. food industry.
Competitive Landscape
The competitive landscape of global food sourcing market includes various strategies devised by key players across the industry to gain market presence. Some of the strategies that hardware and hardware discovery software manufacturers are launching are new product, business expansion, partnerships and collaborations.
Among all the strategies used, business expansion has been the most prominent strategy adopted by food discovery product manufacturers. The competitive landscape allows an organization to understand their key business strategy in the industry, current competitors, and potential future competitors. entrance to the market.
The global food sourcing market is expected to grow over time, forcing companies to create collaborative strategies to sustain in a highly competitive market. Companies with a similar product package with the need for additional resources are often partners and come together for joint venture programs, which help the companies to access each other’s facilities and enable them to achieve their goals faster.
This strategy has been widely adopted by the players in this market. For example, in December 2020, the United Nations Development Program partnered with the Singapore Monetary Authority to use blockchain technology for product identification, detection and validation in agricultural and food supply chains.
Key players in the global food search market are coming up with various product launch activities to generate public awareness about their upcoming new hardware and software search products. Product development and innovation have helped these companies to compete with the competitors ’product portfolio.
This strategy has also become a widespread strategy with the players in this market. For example, in December 2020, Ninjacart launched a footprint, a full-featured food tracking infrastructure that captures the end-to-end footprint of fruits and vegetables.
Covered countries
• North America
• SA
• Canada
• Mexico
• RA
• South America
• Brazil
• Argentina
• Middle East and Africa
• Saudi Arabia
• Israel
• Rest of Middle East and Africa
• China
• Europe
• Germany
• France
• Italy
• Rest of Europe
• Asia Pacific and Japan
• Japan
• India
• Australia and New Zealand
Read the full report: https://www.reportlinker.com/p06018976/?utm_source=GNW
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