Allied Market Research published a new report, titled, ” The Food Safety Monitoring System Market Reach USD 63.5 Million by 2032 Growing with 6.1% CAGR.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The rising concerns about food safety, increasing healthcare costs, the ease of access to different food safety testing techniques, and the growing demand for nutritious & balanced food components are the factors expected to drive the growth of the global food safety monitoring system market in the forecast period from 2023 to 2032. Digitization of food safety in the food sector and the rising regulatory standard and stringent food safety regulations are expected to offer remunerative opportunities for the expansion of the food safety monitoring system market during the forecast period.
Request Sample Report (Get Full Insights in PDF – 300 Pages) at: https://www.alliedmarketresearch.com/request-sample/A289754
The global food safety monitoring system market was valued at USD 36.1 million in 2022, and is projected to reach USD 63.5 million by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
The food safety monitoring system market is segmented on the basis of technology, component, end-user, and region. By technology, the market is divided into cloud and on-premises. By component, the market is classified into software and hardware. By end-user, the market is classified into food processing companies, food retailers, food manufacturing, restaurants, bakeries, and beverages companies. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/A289754
The cloud-based sub-segment accounted for the largest global food safety monitoring system market share of 50.8% in 2022 and is expected to witness significant growth during the forecast period. This is majorly because cloud-based solutions provide real-time data management, which enhances traceability & transparency throughout the food supply chain. Besides, with an increased emphasis on regulatory compliance and the rising need for streamlined operations, cloud-based technology serves as a key component in increasing the growth of the food safety monitoring system market.
The food manufacturing sub-segment of the global market accounted for the highest share of 29.3% in 2022 and is projected to hold largest market share by 2032. This is primarily owing to the increasing usage of food safety monitoring systems in the food manufacturing sector, due to the commitment of the industry towards ensuring product security and compliance. In addition, the rising demand for processed foods increases the need for strong safety measures during the manufacturing process. The growing adoption of modern technologies, like real-time monitoring & analytics is enhancing traceability and quality control.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A289754
The food safety monitoring system market in the North America region accounted for the largest share of 40.3% in 2022 and is predicted to hold major market share by 2032. This growth is mainly owing to the stringent regulatory standards, technological advancements, and growing awareness about food safety. In addition, the rising adoption of superior monitoring solutions, such as real-time monitoring & traceability, is on the rise. Moreover, North America continues to be a key driver in the prominent growth of the food safety monitoring system market, as consumers prioritize safe and nutritious food.
The key players profiled in this report include SGS SA, RJ Hill Laboratories Ltd., DuPont, Intertek Group PLC, Danaher Corporation, SAP, AsureQuality Ltd., SecureMetric Technology, IBM, and Bureau Veritas SA. Investment and agreement are common strategies followed by major market players.
Buy Now & Get Upto 50% Discount on this Report (300 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/food-safety-monitoring-system-market/purchase-options
COVID-19 Scenario
● The COVID-19 pandemic outbreak had a significant impact on the global food safety monitoring system market’s growth due to the increased focus of people on hygiene and the importance of real-time monitoring and traceability, resulting in a notable increase in demand for cutting-edge solutions.
● In the post-pandemic scenario, the food safety monitoring system industry demonstrates resilience, adjusting to new norms and placing a strong emphasis on implementing robust measures for consumer well-being.
Access the full summary at:https://www.alliedmarketresearch.com/food-safety-monitoring-system-market-A289754
Thanks for reading this article, you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles Avenue. An e-access library is accessible from any device anywhere and at any time for entrepreneur’s stakeholder’s researchers and students at universities. With reports on more than 60000 niche markets with data comprising of 600000 pages along with company profiles on more than 12000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
This release was published on openPR.