About Seafood Traceability Software
The software helps to meet the challenge head-on like for seafood distributors is to deploy an automated, cost-effective approach that’s a good fit for current business operations. Consumer demands and government regulations to combat seafood mislabeling and reduce the flow of product from illegal, unreported and unregulated (IUU) fishing in the supply chain have made traceability critically important. The traceability software allows users the capacity to research, track, and store information concerning the makeup of food products. Companies use the software to keep well-documented records of food orders and their origins.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Seafood Traceability Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CAI Software LLC (United States), Fish Trax Systems, Inc. (United States), FishWise (United States), Legit Fish Inc. (United States), Maritech (Canada), RFXCEL CORP.(Frequentz) (United States), Sedna Technologies (Canada), ThisFish Inc. (Canada), VERICATCH (Canada) and WiseFish (Iceland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Seafood Traceability Software market by Type (Enterprise Resource Planning, Laboratory Information Management Software, Quality Management Software, Warehouse Software, and Others) and Region.
On the basis of geography, the market of Seafood Traceability Software has been segmented into 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). If we see Market by Deployment Mode, the sub-segment i.e. Cloud Based will boost the Seafood Traceability Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Warehouse Service Provider will boost the Seafood Traceability Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand from Food and Beverage Manufacturing Industry
Market Growth Drivers:
Increasing concern for Food Safety among Consumers & Governments and Growing Foodborne Diseases and Food Adulteration Incidents
Challenges:
Lack of Awareness from the Underdeveloped Regions
Restraints:
Privacy Issues in Data Sharing
Opportunities:
Growing Demand in Emerging Economies and Stringent Governments Regulations For Food Tracing
Market Leaders and their expansionary development strategies
In July 2022, CAI Software, LLC, a leader in the delivery of mission-critical enterprise resource planning (ERP), manufacturing execution systems (MES), eCommerce EDI (electronic data interchange) and warehouse management software (WMS) and services, acquired OpenMFG LLC, which does business as xTuple. CAI is majority-owned by Symphony Technology Group ("STG"), a private equity partner to market-leading companies in software, data, and analytics
In March 2019, Boston, Massachusetts-based tracking company Legit Fish launched a new tracking technology at Seafood Expo North America. Partnering with BASE Auction Company, the company will unveil the new tool on March 17 at SENA19 booth 289. It is sold through a real-time, cloud-based platform, and trades are simultaneously cleared in milliseconds.”
Due to the increasing number of food recalls, regulators are implementing new food and beverage quality standards and requirements to ensure that the food that enters the supply chain is safe for consumers. Thus, the United States' FDA has implied the Food Safety Modernization Act (FSMA) which strengthened the FDA to force a food recall and suspend facility operations.
Key Target Audience
Food Traceability Software Developers, Food and Beverage Industry Association, Downstream Vendors, Research and Development Institutes, IT Industry Associations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.