Food Traceability Market

FOOD TRACEABILITY MARKET $ 14,185 million BY END-USER BY EQUIPMENT THE FOOD MANUFACTURERS ARE EXPECTED Two DIMENSIONAL AND 1 D SCANNERS MARKET IS THE LARGEST REVENUE TO HAVE THE HIGHEST STAKE GENERATING SEGMENT EXPECTED TO CAGR of 8.7% GROW AT A CAGR OF 11.5% 2010 2012 2014 2016 2018 2020 ESTIMATED TO BE $4355 MILLION IN 2020 MARKET SEGMENTATION ASIA PACIFIC BY TECHNOLOGY BY APPLICATION RFID/RTLS TECHNOLOGY THE FISHERIES APPLICATION SEGMENT MARKET IS THE FASTEST GROWING SEGMEN BEST GROWTH 2020 2018 OPPORTUNITIES 2016 AT CAGR OF 17.1% 2014 2012 GROW AT A CGAR OF 19.4% FROM 2013 TO 2020 GROW AT 15.2% CAGR FROM 2013 TO 2020 EXPECTED TO GENERATE MAXIMUM REVENUE $5,586 MILLION BY 2020 SOME OF THE MAJOR MARKET PLAYERS: HONEYWELL INTERNATIONAL InC., C.H. ROBINSON, DUPONT NUTRITION AND HEALTH, INTERMEC, COGNEX CORPORATION, MASS, Bio-RAD LABORATORIES, IBM CORP AND ZEBRA T ECHNOLOGIES DRIVER FOR ASIA PACIFIC FOOD TRACEABILITY INCREASED INCREASED IT INFRA- AWARENESS AMONG STRUCTURE POPULATION MARKET MARKET DYNAMICS Associated cost a burden on Traceability Systems Trace contamination and assist product recall Lack of stringent laws in developing nations Legislative framework Different need for different products Certifications and standardizations Real time access Privacy issues for data sharing to data Competitive edge and brand loyalty Rising security Growing demand in emerging economies Opportunities concern KAlliedkesearch ©Allied Market Research Market Diligent Intelligence - Improved Growth- RESTRAINTS ORIVERS