The global food traceability market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2022-2028). The increase in food borne diseases across the globe is expected to cater to the market growth over the forecast. More complex foodborne disease outbreaks demand new technologies, greater transparency, which is expected to fuel the market growth. According to the World Health Organization (WHO), Unsafe food containing harmful bacteria, viruses, parasites, or chemical substances, causes more than 200 diseases – ranging from diarrhea to cancers. An estimated stated by WHO that 600 million – almost 1 in 10 people in the world – fall ill after eating contaminated food and 4,20,000 die every year. Children under 5 years of age carry 40% of the foodborne disease burden, with 125 000 deaths every year.
Browse the full report description of “Global Food Traceability Market Size, Share & Trends Analysis Report by Technology Type (RFID, Barcodes, Infrared, Biometrics, and Gps), by Software (ERP, LIMS, Warehouse Software, Friction Welding, and Others), by Application (Meat and Livestock, Fresh Produce Seeds, Dairy Products, Beverages Products, and Others), and by End Users (Food Manufacturers, Warehouse, Food Retailers, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/food-traceability-market
Increasing numbers of ever more complex food-borne disease outbreaks are claiming lives, causing sickness, and threatening future health and economies. According to WHO, Countries must invest in technologies that trace food safety emergencies. They also must be transparent in sharing information on outbreaks to prevent its cross-border spread and the risk to health they pose. Moreover, INFOSAN is a global network of 190 national food safety authorities, managed jointly by WHO and FAO. The network supports governments in managing food safety risks, ensuring rapid sharing of information during food safety emergencies to stop the spread of contaminated food from one country to another.
However, the production and sale of food produced under fake or fraudulent labelling, including the ingredients they contain, which may hinder the market growth. In Addition, the expansion of new platforms (e-commerce) to purchase and deliver food poses new challenges for food safety, with mostly unregulated food distribution chains that complicate traceability is another factor which may hamper the growth of the market.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology Type
o By Software
o By Application
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide Inc., Honeywell International Inc., and Food forensics Ltd., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Food Traceability Market Report Segment
By Technology Type
By Software
By Application
By End-Users
Global Food Traceability Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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