Earlier, the adoption of food tracking technologies in developed nations such as the U.S., Japan and Australia was noted successful. Further towards today, globalization of the food market has increased the importance of a traceability system even in developing nations.

Traceability is the process of tracing the product’s origin on the basis of documented identification. Food traceability is necessary for ensuring food safety that helps in identifying the product to be recalled from the supply chain in case of any mishaps related to contamination or adulteration. Ensuring food traceability for all food products is elusive as tracking becomes difficult due to the following reasons: raw material supply is used on multiple batches of intermediate and final products, end product is shipped to multiple customers from a single production unit and raw materials obtained from suppliers does not come from direct linear chain but rather a complex supply network.

[b]Market Trends & Growth:[/b]
According to IndustryARC, Global Food Traceability Market is projected to grow at a CAGR 8.9% and set to reach $14,601.5 Million during forecast period 2015-2020.

[b]To browse table of contents click below @[/b] http://industryarc.com/Report/8528/food-traceability-market.html

Growing foodborne diseases around the world, food adulteration incidents throughout countries, increasing concern for food safety among consumers across the globe and also governments contributing in terms of legal framework and strict rules for adoption of food traceability systems have been the Driving Factors of this market.

Regionally, it was accounted that the market was dominated by North America in the past few years, followed by Europe. On the other hand, APAC market is projected to grow at the highest CAGR owing to the rapid development and growth in major developing countries like India and China in various applications like fresh food produce, meat produces and seafood products.
To mention, the rising demand for technologies such as barcodes, RFIS technologies and biometrics in these regions is also driving the overall market share.

[b]Request for the sample data/brochure @[/b] http://industryarc.com/pdfdownload.php?id=8528

[b]REPORT SCOPE: Market Segmentation:[/b]
Food Traceability Market is classified in 4 broad segments based on few factors like:
1. By Technology: Infrared Technology, Barcode, Biometric and Others.
2. By End User: Food Retailers, Warehouse, Government Departments, Food Manufacturers and Others.
3. By Applications: Fisheries, Dairy Food, Meat & Poultry, Beverages and Others.
4. By Geography: North America, Europe, APAC and ROW.

[b]Key Players:[/b]
Few notable market players which are studied and mentioned in this report are:
• Honeywell International, Inc (U.S.)
• Cognex Corporation (U.S.)
• Alien Technology Corporation (U.S.)
• A2B Tracking Solution (U.S.)
• Zebra Technologies (U.S.)
• Unitech Electronics Co., LTD (Taiwan)

[b]For More Reports Click Here @[/b] http://industryarc.com/Domain/6/food-beverages-market-research.html

[b]About IndustryARC: [/b]

[b]IndustryARC[/b] is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

[b]IndustryARC[/b] primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

[b]Media Contact:[/b]
[b]Mr. Sanjay Matthews[/b]
Sales Manager
Email: [email protected]
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn@ http://www.linkedin.com/company/industryarc
Get More Insights on Reports @ – http://goo.gl/Ga7fq7