Food Traceability Market (Technology & Software) by Technology Type (RFID, Barcodes, Infrared, Biometrics, GPS), Software Type (ERP, LIMS, Warehouse), Software End User, Technology Application and Region - Global Forecast to 2025
According to MarketsandMarkets, the global food traceability size is estimated to be valued at USD 16.8 billion in 2020 and projected to reach USD 26.1 billion by 2025, recording a CAGR 9.1%. Factors such as the growing concern of clean and safe food and healthy consumption is going to drive the market for food traceability.
“By software end user, food manufacturing is projected to dominate the market during the forecast period.”
With the outbreak of a pandemic, the manufacturing sector is increasingly investing in digitization initiatives, which are projected to drive the adoption of food traceability solutions in the market. Compliance and quality are considered to be the foundations that all the major food & beverage manufacturers rely on to create and strengthen trust with their distribution networks and customers. Track and traceability provide food & beverage manufacturing companies with the data, insights, and information they need to comply with the requirements set by institutions such as USD FDA, EU Commission, and local food safety authorities during the manufacturing process.
“By application, fresh food produce is projected to dominate the market during the forecast period.”
The increase in consumer demand for accurate and complete information related to the food product, which is more prone to spoilage and contamination, is projected to drive the growth of the market for food traceability in fresh food produce. Consumers are concerned about food safety due to the increase in foodborne disease and illness in the North American region.
“The Asia Pacific region is projected to dominate the market during the forecast period.”
Owing to the large production of various of food products are on of the reasons for the dominating market in Asia Pacific. Also, Presence of large number of local players and high preference of consumers for the safe food is driving the market. Higher production capabilities, availability of technology, and government initiatives, are some of the major reasons for the presence of food traceability operations in Asia Pacific region.
The food traceability market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, and RoW (South America,Africa, and the Middle East)
Break-up of Primaries
By Value Chain: Supply-side – 59% and Demand-side - 41%
By Designation: CXO – 45%, Managers - 31%, and Others - 24%
By Region: Europe - 29%, North America - 24%, South America- 32%, APAC- 15%
Leading players profiled in this report include the following:
C.H. Robinson (US)
Bio-Rad Laboratories, Inc. (US)
OPTEL GROUP (Canada)
Honeywell International Inc. (US)
SGS SA (Switzerland)
Zebra Technologies (US)
Bar Code Integrators (US)
Safe Traces (US)
Food Forensics (UK)
Mass Group (US)
Source Trace (US)
Trace One (US)
Crest Solutions (Ireland)
Traceall Global (UK)
This report segments the food traceability market based on technology, software, end user, application, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, pricing insights, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the food traceability market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
To get a comprehensive overview of the food traceability market
To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
To gain insights about the major countries/regions, in which the food traceability market is flourishing
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