Product Code: 45753
KEY FINDINGS
The global track & trace in food & beverage market is expected to project a CAGR of 19.97% during the forecast period, 2022-2030. The initiatives by regulatory bodies for enhanced food safety, increasing food product recalls & contamination cases, and consumer concerns regarding food safety propel market growth.
MARKET INSIGHTS
Track & trace solution is a comprehensive food safety & traceability system that makes information available along the entire food supply chain. The quality and freshness of a product are the deciding factors that can break or make a business in the food industry. The failure to follow safety protocols will result in a dissatisfied outcome, resulting in the loss of income and consumer, or even injury or sickness. Additionally, there is potential damage to the company's brand and reputation. Such aspects contribute to food recalls.
According to a Public Interest Research Group report, food recalls due to different microbes, salmonella and E. coli, rose by 10% between 2013 and 2018. Such factors can hamper the client dependability and incomes, and increase notoriety for food & beverage cultivators, retailers, processors, and makers. As a result, there is a growing need for track & trace in food & beverage. However, the global market growth is restrained by the lack of basic structure in developing countries and the expenses involved in traceability systems.
REGIONAL INSIGHTS
The global track & trace in food & beverage market growth analysis includes the geographical evaluation of North America, Europe, Asia-Pacific, and Rest of World. Asia-Pacific is the fastest-growing region in the global market, accredited to the stringent regulations for implementing serialization, growing number of packaging-related product recalls, and rising focus on brand protection.
COMPETITIVE INSIGHTS
The high market rivalry is attributed to the advent of low-cost products, consistent patent expirations, consistent patent expirations, counterfeit drugs, generics, etc., restricting the revenue of the European and US pharmaceutical giants. Some of the prominent firms in the market include Optel Group, Zebra Technologies Corporation, Siemens AG, Inexto, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
- 1.1. STUDY OBJECTIVES
- 1.2. SCOPE OF STUDY
- 1.3. METHODOLOGY
- 1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
- 2.1. MARKET SIZE & ESTIMATES
- 2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
- 3.1. PARENT MARKET ANALYSIS: TRACK & TRACE MARKET
- 3.2. DEVELOPMENT OF TRACK & TRACE MARKET
- 3.3. KEY DRIVERS
- 3.3.1. CONSUMER CONCERNS ABOUT FOOD SAFETY
- 3.3.2. RISE IN FOOD PRODUCT RECALLS AND CONTAMINATION CASES
- 3.3.3. INITIATIVES BY REGULATORY BODIES TO IMPROVE FOOD SAFETY ACROSS COUNTRIES
- 3.4. KEY RESTRAINTS
- 3.4.1. DEARTH OF BASIC INFRASTRUCTURE IN DEVELOPING COUNTRIES
- 3.4.2. DIFFICULTY IN DATA COLLECTION AND NEED FOR MORE ACCURATE INFORMATION
- 3.4.3. COST REQUIREMENTS FOR TRACEABILITY SYSTEMS
4. KEY ANALYTICS
- 4.1. IMPACT OF COVID-19 ON TRACK & TRACE IN FOOD & BEVERAGE MARKET
- 4.2. KEY MARKET TRENDS
- 4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
- 4.4. OPPORTUNITY MATRIX
- 4.5. VENDOR LANDSCAPE
- 4.6. REGULATORY FRAMEWORK
5. MARKET BY PRODUCT
- 5.1. HARDWARE SYSTEMS
- 5.1.1. PRINTING AND MARKING SOLUTIONS
- 5.1.2. MONITORING AND VERIFICATION SOLUTIONS
- 5.1.3. LABELING SOLUTIONS
- 5.1.4. OTHER HARDWARE SYSTEMS
- 5.2. SOFTWARE SOLUTIONS
- 5.2.1. PLANT MANAGER SOFTWARE
- 5.2.2. LINE CONTROLLER SOFTWARE
- 5.2.3. BUNDLE TRACKING SOFTWARE
- 5.2.4. OTHER SOFTWARE SOLUTIONS
6. MARKET BY TECHNOLOGY
- 6.1. BARCODE
- 6.2. RFID (RADIO FREQUENCY IDENTIFICATION)
7. MARKET BY APPLICATION
- 7.1. SERIALIZATION SOLUTIONS
- 7.1.1. BOTTLE SERIALIZATION
- 7.1.2. LABEL SERIALIZATION
- 7.1.3. CARTON SERIALIZATION
- 7.1.4. DATA MATRIX SERIALIZATION
- 7.2. AGGREGATION SOLUTIONS
- 7.2.1. BUNDLE AGGREGATION
- 7.2.2. CASE AGGREGATION
- 7.2.3. PALLET AGGREGATION
8. MARKET BY END-USER
- 8.1. DAIRY PRODUCTS
- 8.2. MEAT, POULTRY & SEAFOOD
- 8.3. BEVERAGES
- 8.4. OTHER END-USERS
9. GEOGRAPHICAL ANALYSIS
- 9.1. NORTH AMERICA
- 9.1.1. MARKET SIZE & ESTIMATES
- 9.1.2. KEY GROWTH ENABLERS
- 9.1.3. KEY CHALLENGES
- 9.1.4. KEY PLAYERS
- 9.1.5. COUNTRY ANALYSIS
- 9.1.5.1. UNITED STATES
- 9.1.5.2. CANADA
- 9.2. EUROPE
- 9.2.1. MARKET SIZE & ESTIMATES
- 9.2.2. KEY GROWTH ENABLERS
- 9.2.3. KEY CHALLENGES
- 9.2.4. KEY PLAYERS
- 9.2.5. COUNTRY ANALYSIS
- 9.2.5.1. UNITED KINGDOM
- 9.2.5.2. GERMANY
- 9.2.5.3. FRANCE
- 9.2.5.4. ITALY
- 9.2.5.5. SPAIN
- 9.2.5.6. BELGIUM
- 9.2.5.7. SWITZERLAND
- 9.2.5.8. REST OF EUROPE
- 9.3. ASIA-PACIFIC
- 9.3.1. MARKET SIZE & ESTIMATES
- 9.3.2. KEY GROWTH ENABLERS
- 9.3.3. KEY CHALLENGES
- 9.3.4. KEY PLAYERS
- 9.3.5. COUNTRY ANALYSIS
- 9.3.5.1. CHINA
- 9.3.5.2. JAPAN
- 9.3.5.3. INDIA
- 9.3.5.4. SOUTH KOREA
- 9.3.5.5. INDONESIA
- 9.3.5.6. THAILAND
- 9.3.5.7. VIETNAM
- 9.3.5.8. AUSTRALIA & NEW ZEALAND
- 9.3.5.9. REST OF ASIA-PACIFIC
- 9.4. REST OF WORLD
- 9.4.1. MARKET SIZE & ESTIMATES
- 9.4.2. KEY GROWTH ENABLERS
- 9.4.3. KEY CHALLENGES
- 9.4.4. KEY PLAYERS
- 9.4.5. REGIONAL ANALYSIS
- 9.4.5.1. LATIN AMERICA
- 9.4.5.2. MIDDLE EAST & AFRICA
10. COMPETITIVE LANDSCAPE
- 10.1. KEY STRATEGIC DEVELOPMENTS
- 10.1.1. MERGERS & ACQUISITIONS
- 10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 10.1.3. PARTNERSHIPS & AGREEMENTS
- 10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
- 10.2. COMPANY PROFILES
- 10.2.1. ADENTS (ANTARES VISION)
- 10.2.2. ANTARES VISION SPA
- 10.2.3. CH ROBINSON
- 10.2.4. HARVESTMARK
- 10.2.5. HCL TECHNOLOGIES
- 10.2.6. INEXTO
- 10.2.7. KORBER AG
- 10.2.8. MAREL A
- 10.2.9. OPTEL GROUP
- 10.2.10. RFXCEL CORPORATION (ANTARES VISION)
- 10.2.11. SIEMENS AG
- 10.2.12. TRACE FOOD
- 10.2.13. TRACEX TECHNOLOGIES
- 10.2.14. VISIOTT
- 10.2.15. ZEBRA TECHNOLOGIES CORPORATION