The food traceability market is projected to grow at a CAGR of about 9% to reach $14 billion by 2019, according to a study produced by Markets and Markets, Dallas, Texas.
The report, "Food Traceability Market by Technology (RFID, GPS, Barcode, Infrared, Biometric), End User (Manufacturer, Warehouse, Retailer, Government), Application (Fresh food Produce, Meat & Poultry, Seafood, Dairy, Beverage) & Region - Global Trend & Forecast to 2019," defines and segments the food traceability market on the basis of various technologies, end users, applications and regions, with analyses and projections of the market size of each of these segments in terms of value.