Today: November 27, 2015, 7:26 am

Adoption of food traceability technologies driven by government legislation and increased pressure from retailers
Food Traceability Technologies Market 2014-2024 - a new market research report on 2014-03-19 00:11:04
Increasing government support for the implementation of traceability systems is forecast to drive further growth in the food traceability market. In 2014, the World food traceability technologies market is estimated to be worth US$10.59 billion. Retailers are being placed under greater pressue to understand exactly where their food is sourced from and this has been demanded by consumers following a number of food scandals over recent years. Complex and long supply chains for food in addition to the pressure to source profit in an already tight and competitive supply chain model forced some short-cuts by suppliers to be made in less legislative controlled markets. As a result of recent scandals, retailers are now being placed under pressure to understand where their food is being sourced and to ensure quality products are being supplied to their customers. This added pressure has in turn, placed increased pressure on suppliers to provide customers and retailers with full traceability information.Increasing government support for traceability initiatives in key regions of the market will fuel further growth over the next few years. In addition, the increasing adoption of data automated processes and technologies will drive growth and the adoption of technologies to enable suppliers and retailers to trace fully the source of their food throughout the supply chain.Leading companies operating in the food traceability market are: Advanced Traceability Solutions; AFS Technologies; Airclic; Bar Code Integrators, Inc; FoodLink; FoodLogiQ; HarvesterGear Inc; Industrial Technology Systems; Lotpath, Inc; Markem-Imaje; Omron Group; ProWare Services; SoftTrace; ToolWorx; YottaMark; Zebra Technologies; Matthews Marking Systems; N2N Global; Checkpoint Systems; DayMark Safety SystemsCurrently within the food supply chain the majority of companies are still "paper-based" and this is represents a major restriction on the effectiveness of traceability systems. A significant level of data is required to be managed to effectively trace food throughout the supply chain and the growing trend towards automation of data collection, data search and data reporting will provide the tools for the implementation of effective solutions for tracing food.Companies on the whole are focused on the need for full traceability and are actually implementing proper HACCP traceability systems. The added paperwork and investment required to implement full traceability is placing additional cost pressures for suppliers in a supply chain where profit margins are already tight.

Click for report details: ..

Browse all Food and Drink Market Research Reports ..

Browse all Food and Drink Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 586 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.