Market Research Report
North America Food Traceability Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||909773|
|Published||Content info||121 Pages
Delivery time: 2-3 business days
|North America Food Traceability Market Forecast 2019-2027|
|Published: September 2, 2019||Content info: 121 Pages||
In 2018, the North America food traceability market accounted for a revenue of $XX million and was predicted to reach $XX million by 2027. During the forecast period of 2019-2027, the North America market is estimated to evolve with a CAGR of 4.07%. The rising incidences of foodborne diseases grew the demand for food traceability systems to ensure food quality and safety, thereby fueling the growth of food traceability market growth in the region.
The food traceability market comprises of segments based on equipment, technology, end-user, and application. Further, countries like the United States and Canada are studied over in the North America food traceability market. The flourishing food businesses in Canada accompanied by the rising adoption of traceability system in both public and private sectors are largely influencing the food traceability market growth in the country. Also, in Canada, various food industry leaders and government organizations are taking efforts to provide safe and high-quality food products. The government regulations in the country require food businesses to adopt a preventive measures to identify & manage food safety risks before the products are being sold to consumers. As a result of this, many industries are incorporating food traceability systems in their supply chain, thereby, boosting the market growth.
Honeywell International Inc., C.H. Robinson Worldwide Inc., Bio-Rad Laboratories Inc., Cognex Corporation, and E. I. du Pont de Nemours and Company, among others, are some of the companies operating the food traceability market. The dominant players are focusing on various corporate strategies to hold a strong position in the market.