
Food Traceability Market by Solutions (Batch & Variance Costing Management, Food Quality & Safety Management Systems, Formula Management), Technology (Barcodes, Biometrics, Global Positioning System), Application, Organization Size, Deployment, End User -
Description
Food Traceability Market by Solutions (Batch & Variance Costing Management, Food Quality & Safety Management Systems, Formula Management), Technology (Barcodes, Biometrics, Global Positioning System), Application, Organization Size, Deployment, End User - Global Forecast 2024-2030
The Food Traceability Market size was estimated at USD 18.58 billion in 2023 and expected to reach USD 20.28 billion in 2024, at a CAGR 9.27% to reach USD 34.59 billion by 2030.
Food traceability tracks food ingredients and end-products from their source to the point of sale. It helps to ensure that food products have been produced and handled responsibly, safely, and legally. The technology can also help to reduce food waste by providing accountability and transparency in the food supply chain. Traceability is important for consumer safety as it can help identify any potential problems associated with a product before reaching consumers. Additionally, it aids in identifying the source of contaminated products quickly, alerting authorities to take necessary action for mitigating risks, such as product recalls. Traceability assists with compliance with relevant health and safety regulations by providing an audit trail for regulatory bodies to track compliance. Over the years, consumers have been interested in understanding the food industry's production procedures and supply chain transparency, encouraging the end-user adoption of food traceability solutions. Various Governments worldwide have also introduced several initiatives encouraging the adoption of traceability and tracking systems in the food sectors. However, high implementation costs associated with adopting food traceability technology and their potential security risks impede product penetration. Players are constantly working on introducing blockchain and IoT-based products with an improved focus on the security of food traceability products, creating opportunities for market growth.
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Table of Contents
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Consumer demand in understanding production and sourcing in the food industry
- 5.1.1.2. Government initiatives and programs to promote food traceability
- 5.1.1.3. Effective use of food traceability in minimizing product recalls
- 5.1.2. Restraints
- 5.1.2.1. High implementation costs and interoperability issues in food traceability
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements in food traceability with AI & blockchain
- 5.1.3.2. Rise of food traceability as a factor of sustainable consumption
- 5.1.4. Challenges
- 5.1.4.1. Security issues in food traceability technologies and solutions
- 5.2. Market Segmentation Analysis
- 5.2.1. Technology: Advancements in Food Traceability Explores the Integration of Barcodes, Biometrics, GPS, Infrared, and RFID Technologies
- 5.2.2. Application: Crucial Role of Traceability Systems in the Food Supply Chain Enhancing Food Safety and Sustainability
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Food Traceability Market, by Solutions
- 6.1. Introduction
- 6.2. Batch & Variance Costing Management
- 6.3. Food Quality & Safety Management Systems
- 6.4. Formula Management
- 6.5. Inventory Control Management
- 6.6. Transportation & Logistics
- 7. Food Traceability Market, by Technology
- 7.1. Introduction
- 7.2. Barcodes
- 7.3. Biometrics
- 7.4. Global Positioning System
- 7.5. Infrared
- 7.6. Radio-Frequency Identification
- 8. Food Traceability Market, by Application
- 8.1. Introduction
- 8.2. Beverage Products
- 8.3. Dairy Products
- 8.4. Fresh Food Products
- 8.5. Meat & Poultry Products
- 8.6. Seafood Products
- 9. Food Traceability Market, by Organization Size
- 9.1. Introduction
- 9.2. Medium & Large Sized
- 9.3. Small
- 10. Food Traceability Market, by Deployment
- 10.1. Introduction
- 10.2. On-Cloud
- 10.3. On-Premise
- 11. Food Traceability Market, by End User
- 11.1. Introduction
- 11.2. Food Manufacturers
- 11.3. Food Retailers
- 11.4. Food Warehouses & Pack Farms
- 11.5. Government Departments
- 12. Americas Food Traceability Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
- 13. Asia-Pacific Food Traceability Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
- 14. Europe, Middle East & Africa Food Traceability Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2023
- 15.2. FPNV Positioning Matrix, 2023
- 15.3. Competitive Scenario Analysis
- 15.3.1. LSG Sky Chefs Partners with iFoodDS for Enhanced Food Traceability and Safety Compliance
- 15.3.2. SpartanNash Enhances Food Safety and Transparency Through Strategic Partnership with ReposiTrak
- 15.3.3. iFoodDS and IBM Unveil Advanced Traceability Solution to Meet FDA's FSMA 204 Mandates
- 15.4. Strategy Analysis & Recommendation
- 16. Competitive Portfolio
- 16.1. Key Company Profiles
- 16.2. Key Product Portfolio
- FIGURE 1. FOOD TRACEABILITY MARKET RESEARCH PROCESS
- FIGURE 2. FOOD TRACEABILITY MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL FOOD TRACEABILITY MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. FOOD TRACEABILITY MARKET DYNAMICS
- FIGURE 7. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY SOLUTIONS, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY SOLUTIONS, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2030 (%)
- FIGURE 14. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
- FIGURE 16. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY END USER, 2023 VS 2030 (%)
- FIGURE 18. GLOBAL FOOD TRACEABILITY MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. AMERICAS FOOD TRACEABILITY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. AMERICAS FOOD TRACEABILITY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. UNITED STATES FOOD TRACEABILITY MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 22. UNITED STATES FOOD TRACEABILITY MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. ASIA-PACIFIC FOOD TRACEABILITY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 24. ASIA-PACIFIC FOOD TRACEABILITY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 25. EUROPE, MIDDLE EAST & AFRICA FOOD TRACEABILITY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 26. EUROPE, MIDDLE EAST & AFRICA FOOD TRACEABILITY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 27. FOOD TRACEABILITY MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 28. FOOD TRACEABILITY MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates