Global Food Traceability Market Strategy and its Growth Factors

Global food traceability market is anticipated to grow at a CAGR of 8.8% during the forecast period (2024-2031). Traceability is an important aspect across different sectors, as it helps maintain the integrity and safety of products. By monitoring the journey of items such as livestock, seafood, dairy, fresh produce, and various food products, traceability assists in preventing contamination and fraudulent labeling, while ensuring adherence to regulations. Additionally, it streamlines the process of recalling items if contamination or mislabeling occurs. 

Browse the full report description of “Food Traceability Market Size, Share & Trends Analysis Report by Technology Type (Radio-Frequency Identification (RFID), Barcodes, Infrared, Biometrics, and Global Positioning System (GPS)), by Software (Enterprise Resource Planning (ERP), Laboratory Information Management Software (LIMS), Warehouse Software, Friction Welding, and Others), and by Application (Meat & Livestock, Fresh Produce Seeds, Dairy Products, Beverages Products, and Others), by End-User (Food, Manufactures, Warehouse, Food Retailers, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/food-traceability-market

Recent Market Developments

• In August 2024, Antares Vision Group introduced a cloud-based traceability platform, Food Safety Solution, for food and beverage brands. The platform enhances regulatory compliance, precision traceability, and supply chain transparency, enabling manufacturers and distributors to track raw materials.

• In September 2023, IBM and iFoodDS partnered to develop a tech-enabled traceability solution, iFoodDS Trace Exchange, to help companies address the FDA's Food Traceability Rule, FSMA 204(d). The solution combines IBM's Sterling Supply Chain Intelligence Suite and Food Trust Network with iFoodDS' traceability applications and industry expertise. The rule aims to improve traceability and reduce foodborne illnesses.

• In August 2020, Aptean launched a global partner program to expand its Food and Beverage ERP solutions globally. The program extends Microsoft Dynamics 365 platform offerings for Business Central, Finance, and Supply Chain Management in EMEA, Latin America, and APAC markets. This expansion is crucial for food and beverage organizations to adapt to changing economic landscapes.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Technology Type

o By Software

o By Application

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Bio-Rad Laboratories, Inc., Cognex Corp, Honeywell International Inc., IBM Corp., Zebra Technologies Corp, and others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Food Traceability Market Report Segment

By Technology Type

• Radio-Frequency Identification (RFID)
• Barcodes
• Infrared
• Biometrics
• Global Positioning System (GPS)

By Software

• Enterprise Resource Planning (ERP)
• Laboratory Information Management Software (LIMS) 
• Warehouse Software
• Friction Welding
• Others (Blockchain, RFID (Radio Frequency Identification))

By Application

• Meat & Livestock
• Fresh Produce Seeds
• Dairy Products
• Beverages Products
• Others (Fisheries, Grains, Nuts)

By End-User

• Food Manufactures
• Warehouse
• Food Retailers
• Others (Defense & Security, Government Departments)

Global Food Traceability Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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