Dublin, March 02, 2021 (GLOBE NEWSWIRE) -- The "Food Traceability Market - A Global and Regional Study: Focus on Products (Barcode, RFID, Infrared), Applications (Dairy, Meat, Poultry and Seafood), End-User (Food Retailer, Food Manufacturer, Warehouses) and Country-Level Analysis - Analysis and Forecast, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
There has been an increase in the focus among companies in the food industry over the implementation of food traceability systems in their working.
Due to the increasing food contamination cases, mass product recalls, and food adulteration incidents, the need of a traceability system for the safety and reliability of food is a must. With a hands-on traceability system where the consumer can check the farm-to-fork history of their product, the consumer's trust can be achieved.
Also, governments have made active contributions for the betterment of the food industry with laws and regulations that promote food traceability and make it mandatory in some areas. The food safety and traceability system is a solution to a number of problems in the food industry and is a must to achieve complete food safety.
Major driving factors for the global food traceability system industry over the years have been the increasing concern among consumers regarding the safety of their food. Several food adulteration incidents and recalls have added to the diminishing trust among consumers regarding their food's safety. Key companies in the industry are actively incorporating tracking and tracing systems in their working, and companies like IBM Corporation have developed a food traceability software named IBM Food Trust, which is a big solution to major food industry companies.
The competitive landscape of the global food traceability market consists of different strategies undertaken by major players across the industry to gain market presence. Some of the strategies adopted by food traceability software and hardware manufacturers are new product launches, business expansions, partnerships, and collaborations.
Among all the strategies adopted, business expansions have been the most prominent strategy adopted by the food traceability product manufacturers. The competitive landscape provides an organization with the edge to understand its key business strategy in the industry, its current competitors, and potential future competitors that might have made their way into the market.
The global food traceability market is poised to grow over time, compelling companies to come up with collaborative strategies to sustain in the intensely competitive market. Companies with an identical product portfolio with a need for additional resources often partner and come together for joint venture programs, which help the companies gain access to one another's resources and facilitates them to achieve their objectives faster. This strategy has been a widely adopted strategy by the players in this market.
Key players in the global food traceability market are coming up with different product launch activities to generate public awareness about their new and upcoming hardware and software traceability products. The product development and innovation have helped these companies to compete with the competitors' product portfolio. This strategy has also been a widely adopted strategy by the players in this market.
Honeywell International Inc, C.H. Robinson Inc, DuPont Nutrition and Biosciences, Bio-Rad Laboratories, IBM Corporation, Intertek Group, Cognex Corporation, and Zebra Technologies, among others
Key Topics Covered:
1.1 Industry Outlook
1.1.1 Industry Attractiveness
1.2 Food Traceability Market- Patent Analysis
1.2.1 Patent Analysis by Status
1.2.2 Patent Analysis by Company
1.3 Business Dynamics
1.3.1 Business Drivers
184.108.40.206 Rising Concerns Toward Food Safety Among Consumers
220.127.116.11 Increase in Food Product Recalls and Contamination Cases
18.104.22.168 Initiatives by Regulatory Bodies to Improve Food Safety Across Countries
1.3.2 Business Challenges
22.214.171.124 Lack of basic infrastructure in developing countries
126.96.36.199 Difficulty in data collection and accuracy of information
188.8.131.52 Cost requirements for traceability systems
1.3.3 Business Strategies
184.108.40.206 Product Development and Innovation
220.127.116.11 Market Developments
1.3.4 Corporate Strategies
18.104.22.168 Mergers and Acquisitions
22.214.171.124 Partnerships, Collaborations, and Joint Ventures
1.3.5 Business Opportunities
126.96.36.199 Technological advancements in food traceability industry
188.8.131.52 Growth Opportunities in Emerging Markets
1.3.6 Impact of COVID-19 on Food Traceability Market
2.1 Application and Specification
2.1.1 Dairy Products
2.1.2 Meat, Poultry, and Seafood
2.1.4 Fresh Produce
2.1.5 Others (grains, seeds, nuts)
2.2 Demand Analysis of Food Traceability (by Application)
2.2.1 Dairy Products
2.2.2 Meat, Poultry, and Seafood
2.2.4 Fresh Produce
2.2.5 Others (grains, seeds, nuts)
2.3 End User and Specification
2.3.1 Food Manufacturers
2.3.2 Food Retailers
2.3.3 Government Department
2.4 Demand Analysis of Food Traceability (by End User)
2.4.1 Food Manufacturers
2.4.2 Food Retailers
2.4.3 Government Department
3.1 Product and Specification
3.2 Demand Analysis of Food Traceability (by Product)
5 Markets - Competitive Benchmarking & Company Profiles
C.H. Robinson Inc
DuPont Nutrition and Biosciences
Honeywell International Inc
Thermo Fisher Scientific
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