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Digital Transformation in the Global Food & Agriculture Sector

Digital Transformation in the Global Food & Agriculture Sector

  • May 2016
  • 73 pages
  • ID: 3837535
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

The Drive for Enhanced Precision and Food Security will Continue to Transform the Food & Beverage Industry

Globalization and the demand for novel and exotic food have increased food safety concerns, especially in a world with major differences in regulations and national enforcement. Demand is increasing for technologies that can track product and production information and share it across regions and throughout the value chain. Food safety breaches due to contamination by microorganisms and other toxins or chemicals that can cause foodborne illnesses underlies the growing demand for enabling technologies in food safety and drives growth opportunities in different segments of the food industry value chain, including production, processing, packing, distribution/transportation, storage, and preparation. This research service focuses on recent innovations and opportunities in the global food safety products and technologies market. It summarizes the various trends and technologies and the emerging opportunities to ensure safety of different types of foods. The study explores both primary and supplementary technologies, including pathogen detection, intervention for microbial reduction, robotics and automation, electronic traceability, sensors, and mobile applications. Research focus areas include opportunity analyses of several emerging technologies and assessments of their market impact. Innovative companies that will lead digital transformation in the food and agriculture sector are profiled.

Executive Summary—Key Findings
1 The burden of food safety breaches is significant; consequently, the need for food security solutions is only expected to increase. Demand will increase for enabling technologies that address this challenge in the most cost-effective way possible.

2 Globalization and the demand for novel and exotic food have increased food safety concerns, especially in a world with major differences in regulations and national enforcement. Demand is growing for technologies that can track product and production information and share it across regions and throughout the value chain

3 Increasing volumes of data related to food safety (e.g., foodborne outbreaks, molecular epidemiology) are being generated by government, industrial, and academic organizations, which necessitates innovative enabling technologies to provide instantaneous and actionable insight.

4 Research and development of rapid detection methods used for isolation, early detection, profiling, and listing of pathogens and their metabolites in food safety diagnostics is stimulating the need for higher efficiency of digital data management.

5 Efficient software makes much-needed interoperability possible in the food & beverage industry, and will increase the efficiencies of proactive monitoring for expired, spoiled, or tainted foods; traceability; tracking; alerts; recalls; and corrective actions throughout the value chain.

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