Global Food Traceability Market Is Expected to Grow More Than Usd$ 14 Billion by 2020 - by Market Research Engine

Global Food Traceability Market is Expected to Grow more than USD$

14 Billion by 2020 - by Market Research Engine

New York, June 22: Market Research Engine has published a new report titled as “Food

Traceability Market by Technology (RFID, GPS, Barcode, Infrared, Biometric), End User (Manufacturer,

Warehouse, Retailer, Government), Application (Fresh food Produce, Meat & Poultry, Seafood, Dairy,

Beverage), & by Region - Global Trend & Forecast to 2020”

Food traceability is a skill in which tracking of food during all phases such as manufacturing,

processing, delivering, importing and selling phase. It traced all food movements one step

forward and one step backward on every position in the supply chain. During this process it

should know about sources of food such as raw materials, ingredients, packaging and more. Food

tracebility enables Food Company to aim the products affected by a food safety problem, reduce

trouble towards trend. It reduces the consumer healthcare risks and all food company should be

able to trace all product during all stages. All food company should have maintain record which

includes transaction and delivery date, contact details of consumer and supplier, lot

identification or any other important information.

Browse Full Report: http://www.marketresearchengine.com/reportdetails/food-traceability-

market

The food traceability market is expected to exceed more than USD$14billion by 2020.

The major driving factors of food traceability market are as follows:

o

Support product recall

o

Traces contamination

o

Decrease in Price

o

Increasing customer concern in support of food security.

o

Legislative structure

o

Certifications and standardization

The restraints factors of food traceability market are as follows:

o

Extra charge on traceability system

o

Problem related to confidentiality data sharing.

o

Requirement of strict laws during developing country.

o

Different product have different...