Thursday, March 6, 2014

Food Traceability Market Opportunities and Forecast, 2012 - 2020 - Big Market Research

" Food Traceability Market (Tracking Technologies) Global Industry Analysis, Size, Share, Trends, Opportunities and Forecast, 2012 - 2020,” by allied market research is published at Big Market Research
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.
The Food traceability (tracking technologies) market is growing at a healthy rate with increasing awareness about food safety among governments and consumers. Consumers are willing to pay a premium for products that support social responsibility traits requiring food tracking and traceability. Moreover, increasing globalization is increasing the complexity in supply chain process (from harvest to final sale) leading to increase in the chances of food contamination. This is expected to increase the demand of food traceability and tracking technologies as it ensures quality and safety of the food supplied, enhances chances of rapid and precise product recalls as well as accurately tracks causes of contamination. Furthermore, adoption of traceability systems would enhance supply chain efficiency by providing detailed historical data about timings, condition, handling and flow of goods
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 lays the opportunities for food traceability suppliers to enhance their market position.

Executive Summary
Key Findings: Food Tracking and Traceability Technologies Market Study
Global Food Traceability (Tracking Technologies) Application Market
Global Food Traceability Market (Tracking Technologies) 
Global Food tracking and traceability technologies Equipment Market

Global Food tracking and traceability technologies End-User Market
Global Food tracking and traceability technologies Geographical Analysis
Corporate Profile and Analysis
Report Details:
“Food Traceability Market (Tracking Technologies) Global Industry Analysis, Size, Share, Trends, Opportunities and Forecast, 2012 – 2020”
Published: 15-Jan-2014  
Pages: 93
Price: US$ 4,515.00
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