Food Traceability Market - Trends Forecast Till 2028

Market Overview

The global food traceability market is anticipated to reach USD 17.9 billion in 2021 growing at a CAGR of 9.4% during the forecasting period 2021-2028

Implementation of effective traceability systems improves the ability to implement verifiable safety and quality compliance programs. The resulting visibility of relevant information enables agri-food businesses to better manage risks and allows for quick reaction to emergencies, recalls, and withdrawals. Effective traceability systems significantly reduce response times when an animal or a plant disease outbreak occurs, by providing more rapid access to relevant and reliable information that helps determine the source and location of implicated products. 

Thus, information (about animal and plant health, country of origin, etc.) at any point in the chain from producer to consumer has become crucial. 

Initiatives taken by regulatory bodies for the amelioration of food safety across countries, increment in foodborne diseases, and food adulteration incidents cause serious health-related issues and boost in global healthcare expenditure for foodborne diseases will drive the market growth and are also some of the factors that have supported long-term expansion for Global Food Traceability Market.

Key Findings

The global food traceability market is segmented into technology, software, end-user, application, and geography.

Technology segment is segmented into Radio-Frequency Identification, Barcodes, Infrared, Biometrics and Global Positioning System.

Software segment is segmented into Enterprise Resource Planning (ERP), Friction Welding, Laboratory Information Management Software (LIMS), Warehouse Software, and other Software Types.

Application is segmented into Fresh Food Produce, Meat, Poultry & Seafood Products, Dairy Products, Beverage Products, other applications.

End-User is segmented into Food Manufacturing, Warehouse & Transport, Retailing, Government Departments, and Other End-Users. 

Geographically, the global food traceability market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in the global Food Traceability Market are C.H. Robinson, Bio-Rad Laboratories Inc, OPTEL group, Cognex, Honeywell International Inc., SGS SA, Zebra Technologies, Bar Code Integrators, Carlisle, Merit-Trax, Safe Traces, Food Forensics, Bext360, rfxcel, Covectra, and VeeMee among others.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for Global Food Traceability Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope