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Global Food Traceability Market

Global Food Traceability Market- Analysis and Forecast (2017-2022) Focus on Applications (Meat, Dairy, Fresh Produce), Technology (RFID, GPS, Barcodes) and End Users (Food Manufacturers, Retailers, Warehouses)

The food traceability market is expected to grow from $11.63 billion in 2016 to $16.09 billion by 2022, at a CAGR of 5.56% from 2016 to 2022. This growth can be attributed to the rise in the food safety concerns within the food industry, which has led to an increase in the adoption of food traceability technologies across the globe.

SKU: AG010A
Published Year: 2017
 
 

Owing to the to the global increase in the number of food recalls and the rising concerns pertaining to food safety, the food traceability market is expected to grow at a CAGR of 5.56% through 2016 to 2022. The report is a compilation of the different segments of global food traceability market, including market breakdown by the application, technology, end users and geographical areas. Herein, the revenue generated from the application types, namely: meat, dairy, fresh produce and others; technology types, namely: RFID, GPS, barcodes and others; end users, namely: food manufacturers, retailers, warehouses and others; and geography, namely: North America, Europe, APAC and Rest of the World is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the food traceability market. It also includes the key participants involved in the industry at the relevant sections.

The report answers the following questions about the global food traceability market:

• What are the different factors driving the market and how will the impact change through the forecast period?

• What are the major factors challenging the growth of the global food traceability market and how can they be addressed through the forecast period?

• How will the market players leverage on key developments such as acquisitions, partnerships, and product launches among others?

• Which region will lead the global food traceability market by the end of the forecast period?

• What are the prevalent application types and what is the market size for each of them?

• What are the prevalent technology types and what is the market size for each of them?

• What are the prevalent end users and what is the market size for each of them?

• How will the competitive rivalry evolve through the forecast period?

The report puts a special emphasis on the market share of the different applications of food traceability technologies, owing to the changing paradigms in the industry. In spite of this, due to the weak technical systems and overlapping and conflicting demands, a majority of potential new entrants resist from adopting food traceability technologies. The reports further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. The report also focuses on the revenue generated by the end users in the food traceability market.

The most often used strategy for developing a better hold on to the market has been through mergers & acquisitions, followed by business expansion. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years.

Furthermore, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global food traceability market are Bio-Rad Laboratories, C.H. Robinson, Cognex Corporation, E.I. DU PONT DE Nemours and Company, Infor, and SGS S.A among others.

TABLE OF CONTENT
Executive Summary
1 Research Scope and Methodology
1.1 Scope of the Study
1.2 Food Traceability Market Research Methodology
1.2.1 Assumptions &Limitations
1.2.2 Primary Data Sources
1.2.3 Secondary Data Sources
2 Industry Analysis
2.1 Opportunity Matrix
2.2 Country Share Analysis
3 Market Dynamics
3.1 Market Drivers
3.1.1 Ease of Compliance in Global Regulations
3.1.2 Greater Inventory Visibility
3.1.3 Improved Food Recall Process
3.1.4 Improved Returns Process
3.1.5 More Timely and Accurate Upstream and Downstream Data
3.1.6 Rapid shift in Consumer Preference
3.2 Market Challenges
3.2.1 Lack of Tracking Records
3.2.2 Overlapping and Conflicting Demands
3.2.3 Weak technical systems
3.3 Market Opportunities
3.3.1 Efficiency in the Supply Chain Operations
3.3.2 Expansion in New Markets
3.3.3 Risk Mitigation Benefits
4 Competitive Insights
4.1 Key Strategies and Developments
4.1.1 Mergers and Acquisitions
4.1.2 Partnership, Agreements, and Collaborations
4.1.3 Product Launch and Development
4.1.4 Business Expansion
4.2 Industry Attractiveness
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat from Substitutes
4.2.5 Intensity of Competitive Rivalry
5 Food Traceability Market Analysis and Forecast, by Application
5.1 Assumptions & Limitations for Analysis and Forecast of the Global Food Traceability Market
5.2 Market Overview
5.3 Meat Traceability
5.3.1 Meat Traceability Market by Technology
5.3.2 Meat Traceability Market by End Users
5.3.3 Meat Traceability Market by Geography
5.4 Dairy Product Traceability
5.4.1 Dairy Product Traceability Market by Technology
5.4.2 Dairy Product Traceability Market by End Users
5.4.3 Dairy Product Traceability Market by Geography
5.5 Fresh Produce Traceability
5.5.1 Fresh Produce Traceability Market by Technology
5.5.2 Fresh Produce Traceability Market by End Users
5.5.3 Fresh Produce Traceability Market by Geography
5.6 Others
5.6.1 Other Types of Traceability Market by Technology
5.6.2 Other Types of Traceability Market by End Users
5.6.3 Other Types of Traceability Market by Geography
6 Food Traceability Market Analysis and Forecast, by Technology
6.1 Radio Frequency Identification (RFID)
6.2 Global Positioning System (GPS)
6.3 Barcodes
6.4 Others
7 Food Traceability Market, by End-Users
7.1 Food Manufacturers
7.2 Retailers
7.3 Warehouses
7.4 Others
7.4.1 Defence and Security Departments
8 Food Traceability Market, by Geography
8.1 Market Overview
8.2 North America
8.2.1 The U.S.
8.2.2 Canada
8.3 Europe
8.3.1 The U.K.
8.3.2 Germany
8.3.3 Italy
8.3.4 France
8.3.5 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 Rest of APAC
8.5 Rest of the World
8.5.1 Middle East
8.5.2 South Africa
8.5.3 Latin America
9 Company Profiles
9.1 Bar Code Integrators Inc.
9.1.1 Overview
9.1.2 SWOT Analysis
9.2 Bio-Rad Laboratories
9.2.1 Overview
9.2.2 Financials
9.2.2.1 Financial Summary
9.2.3 SWOT Analysis
9.3 Carlisle Technology Inc.
9.3.1 Overview
9.3.2 SWOT Analysis
9.4 C.H. Robinson
9.4.1 Overview
9.4.2 Financials
9.4.2.1 Financial Summary
9.4.3 SWOT Analysis
9.5 Cognex Corporation
9.5.1 Overview
9.5.2 Financials
9.5.2.1 Financial Summary
9.5.3 SWOT Analysis
9.6 E. I. DU PONT DE Nemours and Company
9.6.1 Overview
9.6.2 Financials
9.6.2.1 Financial Summary
9.6.3 SWOT Analysis
9.7 Foodlogiq
9.7.1 Overview
9.7.2 SWOT Analysis
9.8 Honeywell International Inc.
9.8.1 Overview
9.8.2 Financials
9.8.2.1 Financial Summary
9.8.3 SWOT Analysis
9.9 INFOR
9.9.1 Overview
9.9.2 SWOT Analysis
9.10 Mar-Kov Computer Systems
9.10.1 Overview
9.10.2 SWOT Analysis
9.11 Mass Group
9.11.1 Overview
9.11.2 SWOT Analysis
9.12 MERIT-TRAX Technologies INC.
9.12.1 Overview
9.12.2 SWOT Analysis
9.13 Picarro Inc.
9.13.1 Overview
9.13.2 SWOT Analysis
9.14 SGS S.A.
9.14.1 Overview
9.14.2 Financials
9.14.2.1 Financial Summary
9.14.3 SWOT Analysis
9.15 Thermo Fisher Scientific
9.15.1 Overview
9.15.2 Financials
9.15.2.1 Financial Summary
9.15.3 SWOT Analysis
9.16 Zebra technologies
9.16.1 Overview
9.16.2 Financials
9.16.2.1 Financial Summary
9.16.3 SWOT Analysis
List of Tables
Table 4.1 Key Mergers and Acquisitions
Table 4.2 Key Partnerships, Agreements, and Collaborations
Table 4.3 Key Product Launches and Developments
Table 4.4 Key Business Expansion Activities
Table 4.5 Analysing the threat of new entrants
Table 4.6 Analysing bargaining power of buyers
Table 4.7 Analysing the bargaining power of suppliers
Table 4.8 Analysing the threat from substitutes
Table 4.9 Analysing the intensity of Competitive Rivalry
Table 5.1 The Global Food Traceability Market by Applications, 2016-2022
Table 5.2 Meat Traceability companies with the latest technologies
Table 5.3 Meat Traceability Market by Technology, 2016-2022
Table 5.4 Meat Traceability Market by End Users, 2016-2022
Table 5.5 Meat Traceability Market by Geography, 2016-2022
Table 5.6 Dairy Product Traceability companies with the latest technologies
Table 5.7 Dairy Product Traceability Market by Technology, 2016-2022
Table 5.8 Dairy Product Market by End Users, 2016-2022
Table 5.9 Dairy Product Market by Geography, 2016-2022
Table 5.10 Produce Traceability companies with the latest technologies
Table 5.11 Fresh Produce Traceability Market by Technology, 2016-2022
Table 5.12 Fresh Produce Traceability Market by End Users, 2016-2022
Table 5.13 Fresh Produce Traceability Market by Geography, 2016-2022
Table 5.14 Others Traceability Market by Technology, 2016-2022
Table 5.15 Others Traceability Market by End Users, 2016-2022
Table 5.16 Others Traceability Market by Geography, 2016-2022
Table 6.1 Global Food Traceability Market – By Technology 2016-2022
Table 7.1 Global Food Traceability Market by End-Users, 2016-2022
Table 8.1 Global Food Traceability Market by Regions, 2016-2022
Table 8.2 North America Food Traceability Market, 2016-2022
Table 8.3 Europe Food Traceability Market, 2016-2022
Table 8.4 Food Traceability Market in APAC by Application
Table 8.5 Food Traceability Market in ROW, by Type 2016-2022
List of Figures
Figure 1 Global Food Traceability Market Snapshot
Figure 2 Global Food Traceability Market Share by Application, 2016 and 2022
Figure 3 Global Food Traceability Market Share by Technology, 2016 and 2022
Figure 4 Global Food Traceability Market Share by End-Users, 2016 and 2022
Figure 5 Global Food Traceability Market Share by Geography, 2016 and 2022
Figure 1.1 The Global Food Traceability Market Scope
Figure 1.2 Top Down and Bottom Up Approach
Figure 2.1 Global Food Traceability Market Opportunity Matrix, by Region, 2016
Figure 2.2 Global Food Traceability Market Opportunity Matrix, by Country, 2016
Figure 2.3 Global Food Traceability Market Opportunity Matrix, by Country, 2022
Figure 2.4 Country Share Analysis of Global Food Traceability Market, 2016
Figure 3.1 Market Dynamics
Figure 3.2 Impact Analysis of Market Drivers
Figure 3.3 Impact Analysis of Market Challenges
Figure 4.1 Key Strategies & Developments adopted by Market Players
Figure 4.2 Share of Key Strategies and Developments
Figure 4.3 Porter’s Five Forces Analysis for the Food Traceability Market
Figure 5.1 Global Food Traceability Market by Applications
Figure 5.2 Global Food Traceability Market by Applications, 2016 & 2022
Figure 5.3 Consumer Awareness Survey – Food Production (2012)
Figure 5.4 Meat Traceability Market by Technology, 2016 & 2022
Figure 5.5 Meat Traceability Market by End Users, 2016 & 2022
Figure 5.6 Meat Traceability Market by Geography, 2016 & 2022
Figure 5.7 Dairy Product Traceability Market by Technology, 2016 & 2022
Figure 5.8 Dairy Product Traceability Market by End Users, 2016 & 2022
Figure 5.9 Dairy Product Traceability Market by Geography, 2016 & 2022
Figure 5.10 Process of Blockchain technology in Supply chain management
Figure 5.11 resh Produce Traceability Market by Technology, 2016 & 2022
Figure 5.12 Fresh Produce Traceability Market by End Users, 2016 & 2022
Figure 5.13 Fresh Produce Traceability Market by Geography, 2016 & 2022
Figure 5.14 Others Traceability Market by Technology, 2016 & 2022
Figure 5.15 Others Traceability Market by End Users, 2016 & 2022
Figure 5.16 Others Traceability Market by Geography, 2016 & 2022
Figure 6.1 Technologies used in Food Traceability
Figure 6.2 Global Food Traceability Market – By Technology
Figure 6.3 Drawbacks of using RFID system on cattle
Figure 6.4 Use of RFID among the traceability applications
Figure 7.1 End Users of the Food Traceability Market
Figure 7.2 Global Food Traceability Market, By End-Users (2016-2022)
Figure 7.3 Key focusing points for the retailers
Figure 8.1 Geography Segmentation of the Food Traceability
Figure 8.2 Global Food Traceability Market by Key Countries
Figure 8.3 Food Traceability Market in North America
Figure 8.4 Food Traceability Market in North America – By Application
Figure 8.5 Consumer preferences on traceability
Figure 8.6 Food Traceability Market in Europe, 2016 to 2022
Figure 8.7 Food Traceability Market in Europe-By Application
Figure 8.8 Reason for product recalls in Germany, 2012
Figure 8.9 Food Traceability Market in APAC – By Region
Figure 8.10 Food Traceability Market in APAC by Application
Figure 8.11 Roles of Food Traceability Systems
Figure 8.12 Australian Traceability Programs and Association
Figure 8.13 Geographical Regions in Rest of the World (ROW)
Figure 8.14 Food Traceability Market in ROW – By Application
Figure 8.15 Food Traceability in RoW by Application
Figure 9.1 Bio-Rad Laboratories: Overall Financials, 2014-2016
Figure 9.2 Bio-Rad Laboratories: Geographic Revenue Mix, 2014-2016
Figure 9.3 Bio-Rad Laboratories: Business Revenue Mix, 2014-2016
Figure 9.4 C.H. Robinson: Overall Financials, 2014-2016
Figure 9.5 C.H. ROBINSON: Net Revenue by Business Segments, 2014-2016
Figure 9.6 C.H. ROBINSON: Net Revenue by Transportation Segment 2014-2016($Billion)
Figure 9.7 Cognex Corporation: Overall Financials 2014-2016 ($Billion)
Figure 9.8 Cognex: Net Revenue by Geography 2014-2016 ($Billion)
Figure 9.9 DuPont Nutrition & Health Corporation: Overall Financials 2014-2016
Figure 9.10 DuPont Nutrition & Health: Business Revenue Mix, 2014-2016
Figure 9.11 DuPont Nutrition & Health: Net Revenue by Geography 2014-2016 ($Billion)
Figure 9.12 Honeywell: Overall Financials 2014-2016 ($Billion)
Figure 9.13 Honeywell: Net Revenue by Business Segments 2014-2016
Figure 9.14 Honeywell: Net Revenue by Geography 2014-2016 ($Billion)
Figure 9.15 SGS S.A.: Overall Financials 2014-2016 ($Billion)
Figure 9.16 SGS S.A.: Net Revenue by Business Segments 2014-2016 ($Billion)
Figure 9.17 SGS S.A.: Net Revenue by Geography 2014-2016 ($Billion)
Figure 9.18 Thermo Fisher Scientific: Overall Financials 2014-2016 ($Billion)
Figure 9.19 Thermo Fisher Scientific: Net Revenue by Business Segments 2014-2016 ($Billion)
Figure 9.20 Thermo Fisher Scientific: Net Revenue by Geography 2013-2015 ($Billion)
Figure 9.21 Zebra Technologies.: Overall Financials 2013-2015 ($Billion)
Figure 9.22 Zebra Technologies: Net Revenue by Business Segments 2013-2015 ($Billion)
Figure 9.23 Zebra Technologies: Net Revenue by Geography 2013-2015 ($Billion)

The global increase in the number of food recalls has posed serious threats to the public health as well as to the growing economy. On an average, the direct cost of a product recall borne by the food company varies between $10 million to $12 million, in addition to the loss of sale and brand. The major concerns pertaining to food safety have put human life, industries, and companies at stake. Factually, for ensuring food safety and quality, the food industry addressed the management with the introduction of the Hazard Analysis and Critical Control Points (HACCP), the International Organization of Standardization (ISO9001) and others. However, with the rise in the issues such as false labelling and the occurrence of the Bovine Spongiform Encephalopathy (BSE), also known as the mad cow disease, there has been a decline in the trust for the food products among the consumers within the food industry. According to the U.S. Centers for Disease Control and Prevention, approximately 48 million people in the U.S. get sick and 0.13 million are hospitalized each year due to foodborne illness. Moreover, as per the U.S. Food & Drug Administration (FDA) data of 1996-2010, most of the contamination is likely occurred during the process of growing, harvesting, manufacturing, packing, holding or transportation of food.

There has been an increasing demand of food supply documentation and tracking equipment among the consumers for tracking the supply of food products at every stage of production, processing, and distribution of food items. These demands consist of stringent solutions pertaining to food safety compliance within the food industry, resulting in the development of a reliable food traceability system.

A food traceability system helps in recording the process and the movement of food products such as meat or fresh produce through different tracking technologies such as RFIDs and barcodes in order to avoid food recalls. For instance, during the occurrence of a foodborne illness, the food traceability system provides an efficient assistance in the recall of the food product and in the investigation of the cause. Moreover, the systems help in increasing the reliability on the information, once it is transmitted and verified, assisting the consumers to purchase food products with a sense of security.

Traceability is gaining widespread recognition in developing and under developed countries, and therefore, tends to be global, dynamic and complex in nature. The market is expected to progress to a substantial extent due to the global population and food sufficiency concerns. The growth for this market is driven by factors such as improvement in the food recall process, ease of compliance in global regulation, greater visibility within the inventory system, improved return processes, and rapid shift in consumer preferences. However, the market consists of certain challenges which are inhibiting the overall growth for the global food traceability market overlapping and conflicting demand of food traceability systems, lack of unifying requirements, and weak technical system prohibiting rapid response time.

The food traceability market is expected to grow from $11.63 billion in 2016 to $16.09 billion by 2022, at a CAGR of 5.56% from 2016 to 2022. This growth can be attributed to the rise in the food safety concerns within the food industry, which has led to an increase in the adoption of food traceability technologies across the globe.

The following figure provides a snapshot of the global food traceability market from 2016 to 2022:

FIGURE 1 GLOBAL FOOD TRACEABILITY MARKET SNAPSHOT

Global Food Traceability Market

Source: BIS Research Analysis, Secondary Research and Expert Interviews

An improved traceability system helps in facilitating international trade by assisting in keeping track of the food & other products being distributed outside the region. The concept of food traceability market revolves around meat traceability, dairy product traceability, fresh produce traceability, and other prevalent applications within the food traceability market. Further implementation of food traceability systems and technologies for the whole system is important for ensuring the efficiency and the effectiveness of the food supply chain management systems within the food industry. These include the Global Positioning Systems (GPS), Radio Frequency Identification (RFID), barcodes and other devices used in the food traceability systems.

The end users are divided into food manufacturers, retailers, warehouses or pack-farmers and others. The traceability systems are utilized by the end users, to ensure that the food products of good quality are delivered. The food traceability market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).

The competitive landscape for the food traceability market demonstrates an inclination towards companies adopting strategies such as partnerships & collaborations, and business expansion, among others. The high growth potential and rapidly emerging technologies in the food sector are attracting various investors. Some of the key players in the industry include Zebra Technologies, C.H. Robinson, Bio-Rad Laboratories, and Cognex Corporation. These companies are aiming for more partnerships and collaborations and expansion activities to expand their operations and create hindrances for the new entrants from taking over the market. The established players in the markets are focusing more on partnerships & collaborations to make use of each other’s expertise.

There is a need for rapid adoption of traceability systems for reducing incidence related to food fraud, for lowering the impact of recalls and liability cost among the businesses, for waste reduction and for enhancement of brand confidence among the consumers. Moreover, the increasing effectiveness and the efficiency of the traceability systems across the supply chain have resulted in the rise of food safety and security concerns among the consumers. Currently, the companies within the food industry maintain a proper framework of business for optimum level of inventory and smooth operation; hence, the demand for food traceability technologies such as RFIDs and barcodes has been increasing worldwide.

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