North America Track & Trace In Food & Beverage Market Forecast 2022-2030
Description
North America Track & Trace In Food & Beverage Market Forecast 2022-2030
KEY FINDINGS
The North America track & trace in food & beverage market is predicted to rise with a CAGR of 19.55% during the forecasted period of 2022 to 2030. Key factors like continuous industrialization of the food system, consumer awareness about food products, and the rising need for quality food are set to facilitate the market growth of the region.
MARKET INSIGHTS
The North America track & trace in food & beverage market growth assessment encompasses the study of Canada and the United States. The use of track & trace solutions in Canada is largely fuelled by industry standards as well as organizations like GS1, establishing efforts to offer a coordination approach in the country. Moreover, with the widespread economic and social impact of major food recalls, several companies and sectors in Canada are investing in traceability systems for the prevention of future issues associated with tracking food.
Furthermore, these systems enable organizations to minimize the cost of product recalls, thereby sustaining consumer confidence. In addition, the increasing usage of rapid technologies, widespread incidents of foodborne illness, and a rise in food recalls is further set to propagate the demand for track & trace solutions in the food & beverage market. Canadian consumers are also becoming aware of the safety and traceability of food products. As a result, these factors are projected to augment the regional market's growth over the forecast years.
COMPETITIVE INSIGHTS
The top companies operating in the market are Optel Group, CH Robinson, Zebra Technologies Corporation, etc.
KEY FINDINGS
The North America track & trace in food & beverage market is predicted to rise with a CAGR of 19.55% during the forecasted period of 2022 to 2030. Key factors like continuous industrialization of the food system, consumer awareness about food products, and the rising need for quality food are set to facilitate the market growth of the region.
MARKET INSIGHTS
The North America track & trace in food & beverage market growth assessment encompasses the study of Canada and the United States. The use of track & trace solutions in Canada is largely fuelled by industry standards as well as organizations like GS1, establishing efforts to offer a coordination approach in the country. Moreover, with the widespread economic and social impact of major food recalls, several companies and sectors in Canada are investing in traceability systems for the prevention of future issues associated with tracking food.
Furthermore, these systems enable organizations to minimize the cost of product recalls, thereby sustaining consumer confidence. In addition, the increasing usage of rapid technologies, widespread incidents of foodborne illness, and a rise in food recalls is further set to propagate the demand for track & trace solutions in the food & beverage market. Canadian consumers are also becoming aware of the safety and traceability of food products. As a result, these factors are projected to augment the regional market's growth over the forecast years.
COMPETITIVE INSIGHTS
The top companies operating in the market are Optel Group, CH Robinson, Zebra Technologies Corporation, etc.
Table of Contents
150 Pages
- 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
- 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
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