Global food traceability market to 2019

The food traceability market is projected to grow at a CAGR of about 9% to reach $14 billion by 2019, according to a new report by MarketsandMarkets. The food traceability market is driven by the growth in foodborne diseases and food adulteration incidents. The market has been growing significantly over the last five years due to increasing concern among consumers for food safety and legislative framework.
The key players adopted new technology launches and expansions as their preferred strategies to sustain the competition in the market. Barcode reader is the preferred technology for food traceability in the food & beverage industry (Press Release MarketsandMarkets, 17 April 2015).
Click here for the press release.
Click here for more information about the report.

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