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Food Tracking Solutions Market Trends, Forecast 2019 - 2027

Food Tracking Solutions Market  

Global Food Tracking Solutions Market - Introduction
  • Food tracking solutions pertain to the tracking as well as monitoring of food items that are in transit. Technologies deployed in this procedure track the exact location of the food in transit, thus preventing mixing of discarded or contaminated food products with the consumable food products.
  • Many technologies are available in the food tracking solutions market with varied applications, to enable effective and quick action if something goes wrong or out of control; these technologies help to segregate the contaminated food from reaching the end-users.
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Increasing demand for RFID technology across food retail stores worldwide: Prominent driving factor of the food tracking solutions market
  • The entire retail industry has augmented significantly over the past few years. The retail industry is highly competitive in North America and Eastern Europe due to technological advancements. Food retail stores are deploying several technological strategies and tools to enhance their operation activity.
  • With the rise in competition, food retailers are determined to differentiate themselves from their competitors to expand and enhance their operations efficiently. Hence, Radio Frequency Identification (RFID) plays an important role in the retail industry in a more connected environment. RFID facilitates food retail stores to identify, transact, engage, locate, and validate assets and personnel. RFID technology is beneficial as it can easily track information and multifaceted parameters such as air pressure, temperature, and humidity. RFID helps food enterprises to obtain data with least chances of error. RFID can be easily attached and tracked on any food item in retail stores. Different types of information such as cost, store ID, and location can be embedded on RFID chips.
  • Therefore, increasing demand for RFID technology across food retail stores worldwide is significantly enhancing the growth of the food tracking solutions market.
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North America to hold major share of the global food tracking solutions market
  • In terms of region, the global food tracking solutions market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • North America is anticipated to account for major share of the global food tracking solutions market during the forecast period due to increasing government initiatives toward food safety, indicating potential growth of the food tracking solutions market in this region. Europe is estimated to be the second largest market for food tracking solutions from 2019 to 2027. Certifications & standardizations along with a strict legislative framework for food safety is likely to drive the food tracking solutions market in the region.
  • Asia Pacific is projected to be a rapidly expanding region of the global food tracking solutions market during the forecast period due to increasing adoption of various technological advancements regarding food tracking, which is expected to increase the adoption of food tracking solutions in the region.
Key Players Operating in the Global Food Tracking Solutions Market
  • Bio-Rad Laboratories, Inc.
  • Blue Link Associates Limited.
  • C.H. Robinson Worldwide, Inc.
  • Cognex Corporation
  • DuPont de Nemours, Inc.
  • Honeywell International Inc.
  • IBM Corporation
  • Intertek Group plc
  • Marel
  • MASS Group.
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