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The food traceability industry is expected to grow at a CAGR of 9.10% during the forecast period, 2020-2025.
Top players in the food traceability industry include Honeywell International Inc, C.H. Robinson Inc, DuPont Nutrition and Biosciences, Bio-Rad Laboratories, IBM Corporation, Intertek Group, Cognex Corporation, and Zebra Technologies, among others.
Food Traceability Market is driven due to the increasing concern among consumers regarding the safety of their food. Competitive landscape of food traceability market consists of different strategies undertaken by major players across the industry to gain market presence.
There has been an increase in the focus among companies in the food industry over the implementation of food traceability systems in their working. Due to the increasing food contamination cases, mass product recalls, and food adulteration incidents, the need of a traceability system for the safety and reliability of food is a must. With a hands-on traceability system where the consumer can check the farm-to-fork history of their product, the consumer’s trust can be achieved. Also, governments have made active contributions for the betterment of the food industry with laws and regulations that promote food traceability and make it mandatory in some areas. The food safety and traceability system is a solution to a number of problems in the food industry and is a must to achieve complete food safety.
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Find out how early adopters to the produce traceability Initiative are benefiting.
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Food Traceability Systems and the Global Food Safety Initiative
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In a world riddled with potential threats and pollution to our food, water and air supply going to the grocery store can be a stressful endeavor.
