Global Internet of Things and Traceability for Food And Beverage Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Internet of Things and Traceability for Food And Beverage market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global internet of things and traceability for food & beverage manufacturing market size was US$ 14.9 billion in 2021. The global internet of things and traceability for the food & beverage manufacturing market is forecast to grow to US$ 29.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 10.3% during the forecast period from 2022 to 2030.
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Food traceability is the process of tracing and monitoring food products as they travel to their final destination. This process uses technology to track the exact location of the food, ensuring that tainted or rejected food is not mixed in with the edible food. There are a range of technologies with varied applications in the internet of things and traceability for the food & beverage manufacturing market that focus on enabling quick and effective corrective procedures if something goes wrong.
Factors Influencing the Market
Growing cases of food contamination will drive the growth of the internet of things and traceability for the food & beverage manufacturing market during the forecast period. Moreover, commercial food services are gaining substantial traction, which will offer lucrative growth opportunities for the internet of things and traceability for food & beverage manufacturing market.
Rising awareness related to the risk of foodborne infection will also benefit the internet of things and traceability for food & beverage manufacturing market. In addition, stringent regulations by government bodies will emphasize the importance of food safety. Thus, it will be opportunistic for the internet of things and traceability for the food & beverage manufacturing market during the study period. On the contrary, issues related to privacy may limit the growth of the internet of things and traceability for food & beverage manufacturing market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has positively affected the internet of things and traceability for food & beverage manufacturing market due to the rising need for safe-to-eat products. The demand for safe and secure food increased as a result of the pandemic. Moreover, it efficiently raised awareness related to health and hygiene, which has been beneficial for the internet of things and traceability for the food & beverage manufacturing market.
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Regional Analysis
The Asia-Pacific internet of things and traceability for food & beverage manufacturing market is forecast to record the highest growth rate, owing to the rapidly growing population of the region. In addition, growing consumer spending power and rising demand for high-quality and safe food will benefit the internet of things and traceability for food & beverage manufacturing market during the analysis period. Changing food consumption habits of the population will also benefit this regional market in the coming years.
Competitors in the Market
? C.H. Robinson (US)
? Bio-Rad Laboratories, Inc (US)
? OPTEL GROUP (Canada)
? Cognex (US)
? Honeywell International Inc. (US)
? SGS SA (Switzerland)
? Zebra Technologies (US)
? Bar Code Integrators (US)
? Carlisle (US)
? Merit-Trax (Canada)
? Other Prominent Players
Market Segmentation
The global internet of things and traceability for food & beverage manufacturing market segmentation focuses on Technology, Equipment, and Region.
By Technology
? RFID/RTLS
? GPS
? Barcode
? Infrared
? Biometrics
By Equipment
? PDA with GPS
? Thermal Printers
? 2D & 1D Scanners
? Tags & Labels
? Sensors
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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