North America Food Traceability Market Trends 2023- Industry Share, Revenue, Growth Drivers, Business Challenges and Future Competition till 2033: SPER Market Research
Throughout the manufacturing process, the flow of goods meant for human consumption is monitored by the food traceability system. Companies see food traceability systems as the ideal instrument for addressing all food-related concerns because the manufacturing and distribution of food is a complex process. Food-borne illnesses can be decreased by businesses offering their clients fresh food goods thanks to food traceability.
According to SPER market research, North America Food Traceability Market Size- By Type, By End Use, By Software – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the North America Food Traceability Market is predicted to reach USD XX Billion by 2033 with a CAGR of 8.9%.
The North American food traceability market is challenged as well as impacted by a number of reasons. The requirement for strict regulatory compliance in the food business and the growing customer desire for openness are two major motivators. Businesses are adopting traceability solutions for supply chain visibility as a result of consumers’ growing consciousness about the origin and quality of the food they consume. The market is growing in part because of government laws that are meant to guarantee food safety and prevent contamination occurrences.
The expenses of implementation and the difficulties of integration that come with traceability technologies, however, continue to be obstacles. Using sophisticated traceability systems may be too costly for many companies, particularly smaller ones. Because the food sector is so complicated, it can be difficult to provide uniform traceability across various supply chains. To solve these obstacles and develop a strong and effective food traceability ecosystem in North America, stakeholders must work together, come up with creative solutions, and continue to get assistance from governments.
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Impact of COVID-19 on North America Food Traceability Market
North America’s food traceability market has been severely hit by the COVID-19 outbreak. Robust traceability systems are essential to guaranteeing food safety and resilience in the supply chain, as the crisis has highlighted. The use of traceability solutions has increased as a result of consumers’ growing awareness of health and safety issues. Companies are using technology to improve visibility and handle interruptions. Cons: The deployment of traceability has been made more difficult by pandemic-related issues such labour shortages, supply chain disruptions, and unstable economies. A robust food supply chain in North America can only be built by utilising nimble and adaptable traceability systems, as the post-pandemic landscape highlights.
North America Food Traceability Market key players
The North American Food Traceability Market by Country was controlled by the US market, and it would stay that way during the forecast period. Over the anticipated period, the Canada market is showing a CAGR of 10.9%. Furthermore, the market in Mexico would grow at a 10% CAGR. Additionally, some of the market key players are Bar Code Integrators, Inc., Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide, Inc., Carlisle Technology, Zebra Technologies Corporation, Others.
North America Food Traceability Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, North America Food Traceability Market is segmented as; Barcodes, Biometrics, Global Positioning Systems, Infrared, Radio Frequency Identification, Others.
By End Use: Based on the End Use, North America Food Traceability Market is segmented as; Bakery & Confectionary, Dairy Products, Fish, Meat, & Seafood, Fruit Pulp & Concentrates, Fruits & Vegetables, Processed Food, Others.
By Software: Based on the Software, North America Food Traceability Market is segmented as; Enterprise Resources Planning (ERP), Laboratory Information Systems, Supply Chain Management (SCM), Warehouse Software, Others.
By Region: This research also includes data for Canada, Mexico, US, Rest of North America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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North America Food Traceability Market Share
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