Food Traceability Market - Global Industry Analysis, Forecast up to 2018

Food Traceability Market - Global Industry Analysis, Forecast up to 2018

  • Submitted By: amyjames
  • Date Submitted: 12/30/2015 9:12 PM
  • Category: Business
  • Words: 995
  • Page: 4

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Food Traceability Market - Global
Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2012 - 2018

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Traceability, a concept which has been in existence for a long time, which was limited to secret services of areas involving high
risks or net worth, has seen a rise in application in the food safety and quality industry. Every step of logistics, right from
packaging to the end consumer, now uses different techniques of food traceability for varied reasons. However, the core driver
of the market has been the growing importance of the ability to track any food item to its origin. This is due to the rise in
incidences of food borne diseases and outbreaks and due to complex quality regulations pushing for the need to monitor quality
at every step, The market is experiencing steady growth with a healthy growth rate expected in the near future.
The global market for food traceability is technology driven and is seeing introduction of new technologies and applications
across different levels such as in packaging, logistics, storage, handling, and retail. The different technologies currently available
in the market are barcode, RFID, biometrics, GPS, and infrared. These technologies have different applications across various
stages of food movement and for different types of foodstuff. Among all these, a barcode is largely used for packaged foods,
while RFID or GPS is used for food involving movement of live feedstock.
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