Asia-pacific Track & Trace In Food & Beverage Market Forecast 2022-2030
KEY FINDINGS
The Asia-Pacific track & trace in food & beverage market is set to progress with a CAGR of 21.96% over the estimated years of 2022 to 2030. The market growth of the region is reinforced by the increasing demand for food safety and food product details, as well as the rising adoption of food traceability solutions among food manufacturers and retailers.
MARKET INSIGHTS
The Asia-Pacific track & trace in food & beverage market growth evaluation comprises the assessment of Australia & New Zealand, Thailand, Vietnam, Indonesia, South Korea, Japan, India, China, and Rest of Asia-Pacific. The market growth in India is anticipated to be fuelled by the introduction of government regulations, improved connectivity across the food supply chain, and technological expansion within the food industry. Public food product recalls owing to food safety concerns are relatively rare in India, owing to the progression of branded food products and the increasing capability of the Food Safety and Standards Authority of India (FSSAI).
As a result, the development of new traceability systems is becoming a widely-adopted solution for tackling issues associated with food and product recalls. Furthermore, with the advancement of improved food traceability systems in India, enterprises are developing technologies and software for tracking and tracing systems within the country’s food industry. Hence, the aforementioned factors are evaluated to proliferate the Asia-Pacific track & trace in food & beverage market during the forecasting period.
COMPETITIVE INSIGHTS
Top players operating in the market entail Siemens AG, HCL Technologies, TraceX Technologies, etc.
- 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. Asia-pacific
- 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. China
- 9.1.5.2. Japan
- 9.1.5.3. India
- 9.1.5.4. South Korea
- 9.1.5.5. Indonesia
- 9.1.5.6. Thailand
- 9.1.5.7. Vietnam
- 9.1.5.8. Australia & New Zealand
- 9.1.5.9. Rest Of Asia-pacific
- 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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