Food Traceability Market
Global Food Traceability Market Size, Share & Trends Analysis Report by Technology Type (RFID, Barcodes, Infrared, Biometrics, and Gps), by Software (ERP, LIMS, Warehouse Software, Friction Welding, and Others), by Application (Meat and Livestock, Fresh Produce Seeds, Dairy Products, Beverages Products, and Others), and by End Users (Food Manufacturers, Warehouse, Food Retailers, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global food traceability market is anticipated to grow at a significant CAGR of 9.2% during the forecast period. Food traceability is the ability to track a given food or ingredient from its point of production through processing, manufacturing, and transportation to retail and sale to consumer. The increasing awareness for safety regarding food consumed is expected to drive the market growth. Food traceability is becoming a must-have in the industry to mitigate and manage risk around food safety. The enabling food traceability enables operational and supply chain efficiency, Engendering consumer trust through transparency, mitigating food fraud, and engendering consumer trust thorugh transperancy Is pushing end users to implement food traceability technology solutions in the market.
Impact of COVID-19 Pandemic on Global Food traceability Market
The containment measures during the COVID-19 pandemic have drastically impacted the essential flow of food from farms and producers to consumers. Food traceability became even more important in times of COVID-19 pandemic. According to the FDA, the agency’s Era of Smarter Food Safety initiative builds on existing efforts to implement the Food Safety Modernization Act by incorporating new technologies to create “a more digital, traceable and safer system to help protect consumers from contaminated food. Moreover, Food safety concerns will be further heightened in the wake of the pandemic, leading to more regulatory pressure.
Segmental Outlook
The global food traceability market is segmented based on the technology type, software, application, and end users. Base on the technology type, the market is augmented into the RFID, barcodes, infrared, biometrics , and gps. Based on the software, the market is furthet sub-segmented into the ERP, LIMS, warehouse, friction welding, and others. Based on the application, the market is segmented into the meat and livestock, fresh produce seeds, dairy products, beverages products, and others. Based on the end users, the market is augmented into the food manufacturers, warehouse, food retailers, and others. The food retailers segment is projected to hold a considerable share in the market over the forecast, due to an increase in demand for food supplies from food retailers for consumers. Food retailers who employ a blockchain-based traceability system benefit from the ability to better predict the freshness as well as the shelf life of food and, hence, are able to better assess delivery intervals. At the same time, this new kind of system meets consumers’ increasing requirements for higher transparency in food traceability.
Global Food traceability Market Share by Technology Type, 2021 (%)
The Barcodes Segment is Expected to Hold the Significant Share in the Global Food traceability Market
Among the technology type, the barcode segment is expected to hold a significant share in the food traceability market over the forecast, due to use of barcodes, data-matrix codes, QR codes, and dot codes is mandatory on packaging used in food, beverage, and other industries across the globe has led to increase in demand for food traceability market. Additionally, Barcodes on food packages improve product information, eliminate food waste and improve the safety of products consumed. In the food industry, traceability of a food item is taken very seriously as it can affect public health which is another factor propelling the growth of the market.
Regional Outlooks
The global food traceability market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among all regions, the North America region is expected to propel the growth of the market over the forecast. The stringent government regulations in the traceability systems to analyse and purify components for the food industry is expected to dive the growth of the market.
Global Food traceability Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Food traceability Market
The Asia-Pacific region is expected to cater the prominent market share over the forecast, due to increase technological advancements and adoption of more advanced technologies in supply chain management systems and food survelliance systems. Additionally, China is the most populated country, which is leading to an increase in food traceability for various applications. China has implemented mandatory tracebility requirements for all food products transported via cold chain, including dairy products, durits and drinks, in an expansion of its efforts to prevent COVID-19 from entering the country via imported foods.
Market Players Outlook
The major companies serving the global food traceability market include Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide Inc., Honeywell International Inc., Food forensics Ltd., Bar Code Integrators, Inc., Merit Trax Technologies, Inc., SGS SA, Zebra Technologies Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, CMX, a leading provider of cloud-based Enterprise Quality Management Software (EQMS), and Mojix, a global leader in item-level intelligence solutions, announced a strategic partnership for advancing comprehensive end-to-end traceability and food safety, with Mojix launching the first open data access, item-level food traceability platform, and CMX being the first solution provider to integrate with the new platform.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food traceability market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Food Traceability Market
• Recovery Scenario of Global Food Traceability Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Bio-Rad Laboratories, Inc.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. C.H. Robinson Worldwide Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Optel Group
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Cognex Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Honeywell International Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Food Traceability Market By Technology Type
4.1.1. Radio-Frequency Identification (RFID)
4.1.2. Barcodes
4.1.3. Infrared
4.1.4. Biometrics
4.1.5. GPs
4.2. Global Food Traceability Market By Software
4.2.1. Enterprise Resource Planning (ERP)
4.2.2. Laboratory Information Management Software (LIMS)
4.2.3. Warehouse Software
4.2.4. Friction Welding
4.2.5. Others
4.3. Global Food Traceability Market By Application
4.3.1. Meat & Livestock
4.3.2. Fresh Produce Seeds
4.3.3. Dairy Products
4.3.4. Beverages Products
4.3.5. Others (Fishries, Grains, Nuts)
4.4. Global Food Traceability Market By End-Users
4.4.1. Food Manufactures
4.4.2. Warehouse
4.4.3. Food Retailers
4.4.4. Others (Defense & Security, Government Departments)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Abaco s.p.a
6.2. Agrometrics Llc.
6.3. Bext Holdings Inc.
6.4. Carlise Companies Inc.
6.5. Covectra Inc.
6.6. Foodologiq
6.7. Food forensics Ltd.
6.8. Bar Code Integrators, Inc.
6.9. Merit Trax Technologies, Inc.
6.10. Rfxcel Traceability System
6.11. Safetraces Inc.
6.12. SGS SA
6.13. Zebra Technologies Corp.
1. GLOBAL FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL RFID FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL BARCODES FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL INFRARED FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL BIOMETRICS FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL GPS FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY SOFTWARE, 2021-2028 ($ MILLION)
8. GLOBAL ERP FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL LIMS FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL WAREHOUSE SOFTWARE FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL FRICTION WELDING FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL OTHER FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
14. GLOBAL FOOD TRACEABILITY FOR MEAT & LIVESTOCK MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL FOOD TRACEABILITY FOR FRESH PRODUCE SEEDS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL FOOD TRACEABILITY FOR DAIRY PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL FOOD TRACEABILITY FOR BEVERAGES PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL FOOD TRACEABILITY FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
20. GLOBAL FOOD TRACEABILITY FOR FOOD MANUFACTURERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL FOOD TRACEABILITY FOR WAREHOUSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. GLOBAL FOOD TRACEABILITY FOR FOOD RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
23. GLOBAL FOOD TRACEABILITY FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
24. GLOBAL FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
25. NORTH AMERICAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. NORTH AMERICAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2021-2028 ($ MILLION)
27. NORTH AMERICAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY SOFTWARE, 2021-2028 ($ MILLION)
28. NORTH AMERICAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. NORTH AMERICAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
30. EUROPEAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. EUROPEAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2021-2028 ($ MILLION)
32. EUROPEAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY SOFTWARE, 2021-2028 ($ MILLION)
33. EUROPEAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
34. EUROPEAN FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
36. ASIA-PACIFIC FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY SOFTWARE, 2021-2028 ($ MILLION)
38. ASIA-PACIFIC FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
39. ASIA-PACIFIC FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
40. REST OF THE WORLD FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
41. REST OF THE WORLD FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY TYPE, 2021-2028 ($ MILLION)
42. REST OF THE WORLD FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY SOFTWARE, 2021-2028 ($ MILLION)
43. REST OF THE WORLD FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
44. REST OF THE WORLD FOOD TRACEABILITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL FOOD TRACEABILITY MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL FOOD TRACEABILITY MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL FOOD TRACEABILITY MARKET, 2021-2028 (%)
4. GLOBAL FOOD TRACEABILITY MARKET SHARE BY TECHNOLOGY TYPE, 2021 VS 2028 (%)
5. GLOBAL RFID FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL BARCODES FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL INFRARED FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL BIOMETRICS FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL GPS FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL FOOD TRACEABILITY MARKET SHARE BY SOFTWARE, 2021 VS 2028 (%)
11. GLOBAL ERP FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL LIMS FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL WAREHOUSE SOFTWARE FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL FRICTION WELDING SOFTWARE FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL OTHER FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL FOOD TRACEABILITY MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
17. GLOBAL FOOD TRACEABILITY FOR MEAT & LIVESTOCK MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL FOOD TRACEABILITY FOR FRESH PRODUCE SEEDS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL FOOD TRACEABILITY FOR DAIRY PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL FOOD TRACEABILITY FOR BEVERAGES PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL FOOD TRACEABILITY FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL FOOD TRACEABILITY MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
23. GLOBAL FOOD TRACEABILITY FOR FOOD MANUFACTURERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. GLOBAL FOOD TRACEABILITY FOR WAREHOUSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25. GLOBAL FOOD TRACEABILITY FOR FOOD RETAILERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
26. GLOBAL FOOD TRACEABILITY FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
27. GLOBAL FOOD TRACEABILITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
28. US FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
29. CANADA FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
30. UK FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
31. FRANCE FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
32. GERMANY FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
33. ITALY FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
34. SPAIN FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF EUROPE FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
36. INDIA FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
37. CHINA FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
38. JAPAN FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
39. SOUTH KOREA FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
40. REST OF ASIA-PACIFIC FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
41. REST OF THE WORLD FOOD TRACEABILITY MARKET SIZE, 2021-2028 ($ MILLION)
