|By PR Newswire||
|April 2, 2014 02:03 AM EDT||
DUBLIN, April 2, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/5h6cnm/food_traceability) has announced the addition of the "Food Traceability Market (Tracking Technologies) - Global Industry Analysis, Size, Share, Trends, Opportunities and Forecasts to 2020" report to their offering.
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As per the market study, the global food traceability market (tracking technologies) is expected to grow at a CAGR of 8.7% during the analysis period, reaching expected revenue of $14.1 billion by 2020. The RFID technology is expected to grow at the highest rate of 19.4% among all technologies of food traceability market. The reason for the high growth rate of RFID is real-time tracking of food items irrespective of weather conditions or location. Accurate read-write ability in complex environment is also a significant advantage of this technology.
Food traceability is becoming a norm for all food producers across the globe as a result of consumer demands and government regulations concerning food safety. Early adoption of food tracking technologies in developed nations such as the U.S., Japan and Australia has led to good market revenues. However, globalization of the food market has increased the importance of a traceability system even in developing nations and therein lie the opportunities for food traceability suppliers to enhance their market position. Installation of food traceability system requires huge upfront investment, which proves to be a restraint for the market, as small players are not ready to make the extra investments.
However, growing awareness and technological advancements leading to lesser investments will overcome this restraint, thus reducing impact on the market in the future. One of the segments discussed in the report is the end-users of the market such as food producers, retailers, warehouses, transportation companies, etc. Food manufacturers are expected to generate maximum revenue of $5.4 billion by 2020 at a CAGR of 11.5% during the analysis period. Another segment of the report discusses the equipment market of food traceability such as 1D and 2D scanners, sensors, tags and labels and PDAs with GPS. The sensors are expected to grow at the highest rate among all the equipment at a CAGR of 10.5% from 2012 to 2020.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 KEY FINDINGS: FOOD TRACEABILITY (TRACKING TECHNOLOGIES ) MARKET STUDY
CHAPTER4 GLOBAL FOOD TRACKING AND TRACEABILITY TECHNOLOGIES APPLICATION MARKET, 2012-2020, $MILLION
CHAPTER 5 GLOBAL FOOD TRACEABILITY (TRACKING TECHNOLOGIES ) MARKET, 2012-2020, $MILLION
CHAPTER 6 GLOBAL FOOD TRACKING AND TRACEABILITY TECHNOLOGIES EQUIPMENT MARKET, 2012-2020, $MILLION
CHAPTER 7 GLOBAL FOOD TRACEABILITY (TRACKING TECHNOLOGIES) END-USER MARKET, 2012-2020, $MILLION
CHAPTER 8 GLOBAL FOOD TRACEABILITY (TRACKING TECHNOLOGIES) GEOGRAPHIC ANALYSIS, 2012-2020, $MILLION
CHAPTER 9 CORPORATE PROFILES AND ANALYSIS
- Bio-Rad Laboratories
- C.H. Robinson Inc.
- Cognex Corporation
- DuPont Nutrition & Health
- Honeywell International Inc.
- IBM Corp
- Intermec Inc.
- Mass Group
- Motorola solutions Inc.
- Zebra Technologies
For more information visit http://www.researchandmarkets.com/research/5h6cnm/food_traceability
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets