Skip to main content

Food Traceability Market Analysis, Scope and Forecast 2019-2025


The food and beverage industry was highly unregulated in the early days of the industrial revolution, which led to many unfavorable incidents, such as product recalls and foodborne illnesses. The statutory authorities and governing bodies across regions felt the pressure to introduce safety standards and regulations to avoid unforeseen circumstances by the end user. The high number of cases related to foodborne illnesses leading to deaths raised a global concern regarding genetically modified foods, chemical residues, and other similar issues in foods, thus leaving a major impact on the food processing industry in various countries.

Read Report Overview: https://bisresearch.com/industry-report/food-traceability-market.html

The global increase in the number of food recalls has posed serious threats to public health as well as to the growing economy. On 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 sales 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.

There has been an increasing demand for 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. 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 food borne 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.

Request a Sample: https://bisresearch.com/requestsample?id=1055&type=download

Usage of food traceability solutions has increased considerably over the past few years because of the growing incidences of foodborne illnesses and poisoning caused by contaminated food products. Companies engaged in the manufacturing and distribution of food products are mandated by the respective regional and international regulatory agencies to implement food traceability products.

The dominance of fresh produce in the food traceability market is due to the increasing concerns of food safety and the rise in the number of food recalls of fresh produce, which has led to the popularity of traceability systems for fresh produce on a global scale. Fresh produce consist of freshly grown and harvested fruits and vegetables; and are generally sold among the greengrocers, farmers market and fruit markets

Comments

Popular posts from this blog

Personal Care Ingredients Market Size, Share & Trends Analysis Report 2019-2029

The introduction and proliferation of bio-based ingredients in several industries, such as food and beverage, pharmaceuticals, and cosmetics, has been transforming the manufacturing landscape since 2000. Growing consumer inclination toward the adoption of bio-based products due to rising health and environmental concerns is driving the demand for bio-based ingredients in the cosmetics and personal care products. Besides, awareness among consumers regarding the harmful effects of synthetic ingredients chemicals has grown rapidly over the past years. In addition, the availability of green raw materials has also urged large cosmetic firms to develop bio-based cosmetic products. However, limited availability of raw material, due to erratic weather conditions and stringent environmental regulations, can pose substantial hurdles in the production of bio-based ingredients. Thus, leading companies have been focusing on developing new and sustainable ways of producing the ingredi...

Agriculture Technology-as-a-Service Market Research, Trends and Forecast To 2026

As agriculture becomes a lucrative high-technology industry, professionals with new-age skill sets, companies, and investing bodies are being drawn in rapidly.  The development in smart agriculture technologies has not only led to advancements in the production capabilities of farmers but has also introduced transformative business models in the industry. Report Overview is Available at: https://bisresearch.com/industry-report/agriculture-technology-service-market-report.html As the entire agriculture industry incorporates and experiences the growth of these agriculture technologies into the farming cycle, it also faces the challenges associated with its adoption. One of the major restraining factors associated with the adoption is the large capital investments required for its acquisition and operation. Most of the farming communities across the world do not have a strong financial background to execute significant capital formation. Since prices for technologically advanced farm ...

Liquid Biopsy, North America, and Lung Cancer Occupying a Major Share in the Market

  Owing to the market availability of large number of liquid biopsy technologies, the liquid biopsy segment currently accounts for a dominating share in the global minimally invasive biopsy technologies market . However, the market growth in the segment can be attributed to the increasing demand for liquid biopsy and the strong product pipeline. For instance, CNI Second Opinion by Chronix Biomedical is presently under development and is expected to get launched during the forecast period 2019-2030. Owing to a widespread market presence of leading players and the huge prevalence of cancer, North America presently holds a major share in the global minimally invasive biopsy technologies market. According to the World Cancer Research Fund (WCRF), with an estimated 2 million cases in 2018, lung cancer is the most commonly occurring cancer in men and third-most commonly occurring cancer in women. Due to the widespread presence of cancer, the manufacturers including Biocept, Inc., Chron...