Internet of Things and Traceability for Food & Beverage Manufacturing

Fatpos Global has released a report titled “Internet of Things and Traceability for Food & Beverage Manufacturing Market - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030” which is anticipated to reach USD 31 billion by 2030. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 9.3 % between 2020 and 2030. According to the report, The industry is likely to be driven by customers' increasing need for safe-to-eat products. Due to its vast population wanting safe and secure food, the Asia Pacific segment is expected to lead the market. It is also expected to be the fastest-growing, owing to the increased need for safety concerns following the recent COVID epidemic in China.

The market report on the global Internet of Things and Traceability for Food & Beverage Manufacturing Market includes in-depth insights as:

• The estimated value of the market was USD 14 billion in the year 2020.
• Region-wise, the market in North America, which held the largest market share of XX% in the year 2020, emerged as a key market for the Internet of Things and Traceability for the Food & Beverage Manufacturing Market.
• Based on equipment, 2D & 1D Scanners emerged as a key segment in the global Internet of Things and Traceability for the Food & Beverage Manufacturing Market.
• Based on technology, RFID/RTLS emerged as a key segment in the global Internet of Things and Traceability for Food & Beverage Manufacturing Market
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“The contamination of food with bacteria and mycotoxins is the most common cause of foodborne diseases. The presence of pathogens in food, such as Salmonella and Listeria, jeopardizes the microbiological safety and quality of the food, resulting in foodborne diseases. Commercial food services have grown considerably in popularity over the previous three decades, necessitating a great deal of food handling. This has resulted in a rise in the number of individuals handling food, as well as other developments such as new methods of producing and distributing food, which has increased the risk of foodborne infection transfer from handlers to consumers, boosting the need for food traceability systems.”, said a lead analyst at Fatpos Global.

Food traceability refers to the tracking and monitoring of food goods as they travel to their final destination, whether it's a customer or a store. The technology employed in this procedure tracks the exact location of the food, avoiding tainted or discarded food from being mixed in with the edible food. In the Internet of Things and Traceability for the Food & Beverage Manufacturing Market, there are a variety of technologies with various applications that focus on enabling quick and effective corrective steps if something goes wrong, hence preventing tainted food from reaching customers.

Global Internet of Things and Traceability for Food & Beverage Manufacturing Market is segmented by equipment into PDA with GPS, Thermal Printers, 2D & 1D Scanners, Tags & Labels, Sensors. In the food, beverage, pharmaceutical, personal care, and other industries, the usage of barcodes, data matrix codes, QR codes, and dot codes is required on packaging. This has resulted in a rise in demand for traceable solutions, such as barcode scanners, in a variety of businesses that show information in an electronic-readable manner. To read the data on barcodes, data-matrix codes, QR codes, and dot codes and extract information about the object, 2D and 1D scanners are necessary.

Key Players in the Market

Some of the key players operating in the global Internet of Things and Traceability for Food & Beverage Manufacturing Market are 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), FoodLogiq (US), Safe Traces (US), Food Forensics (UK), Bext360 (US), excel (US), Coventry (US), SMAG (France), Other Prominent Players.

Get Valuable Insights into Global Internet of Things and Traceability for Food & Beverage Manufacturing Market

In the new report, Fatpos Global thrives to present an unbiased analysis of the global Internet of Things and Traceability for the Food & Beverage Manufacturing Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by technology into RFID/RTLS, GPS, Barcode, Infrared, and Biometrics, by equipment into PDA with GPS, Thermal Printers, 2D & 1D Scanners, Tags & Labels, Sensors. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa.