Market Highlights: Food tracking technologies is the technology to track any food through any stages of production, processing, and distribution. It enables corrective actions such as a product recall to be implemented quickly and effectively when something goes wrong. When a potential food safety problem is recognized, whether by a food business or a government agency, an effective tracking system can help isolate and inhibit contaminated products from reaching consumers. It allows food businesses to target the products affected by food safety issues, minimizing disruption to trade and any potential public health risks. It is important for all food businesses including retailers as well as importers to be able to trace products. The market study is being classified, by Application (Warehouse/Pack Farms, Food Retailers, Defense & Security Departments and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Food Tracking Technologies are Bio-Rad Laboratories, Inc. (United States), C.H. Robinson Worldwide, Inc. (United States), Cognex Corporation (United States), Honeywell International, Inc. (United States), SGS SA (Switzerland), Bar Code Integrators, Inc. United States), Carlisle Technology Inc. (Canada), Mass Group Inc. (United States), Merit-Trax Technologies Inc. (Canada) and Picarro Inc. (United States).
On 28 Nov 2018, Auchan Retail has launched blockchain technology for food traceability internationally., On 24 Sept 2018, Walmart has implemented IBM's blockchain for food traceability. and On 28 Feb 2018, Bureau Veritas has launched Origin, the world’s first traceability label to give consumers a complete end-to-end proof of a product’s journey, from farm to fork
Key Questions Answered in the Report What will the Food Tracking Technologies Market size and the growth rate be in Future? What are the key factors driving the Food Tracking Technologies Market? What are the key market trends and macro-economic impacting the growth of the Food Tracking Technologies Market? What are the challenges to market growth? Who are the key vendors in the Food Tracking Technologies Market? What are the market opportunities and threats faced by the vendors in the Food Tracking Technologies Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Food Tracking Technologies Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Tracking Technologies market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Tracking Technologies market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Food Tracking Companies, Food Importer/Exporter, Food Retailers, Regulatory & Government Bodies, Technology Investors and Downstream Vendors. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.