Research Reports And Consulting #Food Traceability Market

The food traceability market 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 of 9.1%. The growing demand for safe to consume products among the consumers is expected to drive the market. The Asia pacific segment is poised to dominate the market due to its high population demanding safe and secure food, it is projected to be the fastest-growing as well, owing to the larger demand of safety concern due to recent COVID outbreak in China.

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The food manufacturing technology application segment is projected to witness significant growth during the forecast period.

Food traceability software not only proves to be beneficial for end-use consumers but also to all the stakeholders along the food supply chain right from the growers to the end product distributors. The most well-known collaboration project about traceability so far is between Walmart and IBM. A surge and shift in consumer demand from the foodservice channel to retail channels are driven by the increase in at-home usage due to COVID-19 sheltering-in-place precautions. These are estimated to result in some consumer packaged goods manufacturers that are witnessing a corresponding increase in volume, revenue, and profits.

Countries such as India and China are dominating the market in the region.

In India, the FSSAI operates to safeguard the quality of food consumed and exported across the world. It regulates, frames, and supervises the supply chain of food safety and quality testing. It manages the food laws and has simplified the process of food safety and quality testing so that these can be easily implemented. In India, food safety is a collective effort taken by expert bodies such as the MPEDA, Spices Board, Agricultural and Processed Food Products Export Development Authority (APEDA), and EIA.

Food safety assurance systems in China are still at an early stage of development, but significant steps have been taken to improve the safety and quality standards of food. Food safety regulations in China have continued to develop to control food contamination incidences and to improve food quality, safety, and hygiene practices adopted at the manufacturing and subsequent stages in the food supply chain. This is projected to have a positive impact on the growth of the food traceability market.

The increase in the developed economy and per capita income has enabled the consumers to invest in more health and health related services, in South American region. This is one of the major drivers for food traceability in the region. Apart from that, the millennial consumers are more health conscious and aware, this is also thriving the market in the region.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=103288069

Leading companies are C.H. Robinson (US), Bio-Rad Laboratories, Inc. (US), OPTEL GROUP (Canada), OPTEL GROUP (Canada), Cognex (US), Honeywell International Inc. (US), SGS SA (Switzerland), Zebra Technologies (US), Bar Code Integrators (US), Carlisle (US), Merit-Trax (Canada), FoodLogiq (US), Safe Traces (US), Food Forensics (UK), Bext360 (US), rfxcel (US), Covectra (US), SMAG (France), SMAG (France), TE-Food (Germany), Mass Group (US), Source Trace (US), Trace One (US), Crest Solutions (Ireland), Traceall Global (UK), and VeeMee (Croatia).

The food traceability market 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 of 9.1%. The growing demand for safe to consume products among the consumers is expected to drive the market. The Asia pacific segment is poised to dominate the market due to its high population demanding safe and secure food, it is projected to be the fastest-growing as well, owing to the larger demand of safety concern due to recent COVID outbreak in China.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103288069

The food manufacturing technology application segment is projected to witness significant growth during the forecast period.

Food traceability software not only proves to be beneficial for end-use consumers but also to all the stakeholders along the food supply chain right from the growers to the end product distributors. The most well-known collaboration project about traceability so far is between Walmart and IBM. A surge and shift in consumer demand from the foodservice channel to retail channels are driven by the increase in at-home usage due to COVID-19 sheltering-in-place precautions. These are estimated to result in some consumer packaged goods manufacturers that are witnessing a corresponding increase in volume, revenue, and profits.

Countries such as India and China are dominating the market in the region.

In India, the FSSAI operates to safeguard the quality of food consumed and exported across the world. It regulates, frames, and supervises the supply chain of food safety and quality testing. It manages the food laws and has simplified the process of food safety and quality testing so that these can be easily implemented. In India, food safety is a collective effort taken by expert bodies such as the MPEDA, Spices Board, Agricultural and Processed Food Products Export Development Authority (APEDA), and EIA.

Food safety assurance systems in China are still at an early stage of development, but significant steps have been taken to improve the safety and quality standards of food. Food safety regulations in China have continued to develop to control food contamination incidences and to improve food quality, safety, and hygiene practices adopted at the manufacturing and subsequent stages in the food supply chain. This is projected to have a positive impact on the growth of the food traceability market.

The increase in the developed economy and per capita income has enabled the consumers to invest in more health and health related services, in South American region. This is one of the major drivers for food traceability in the region. Apart from that, the millennial consumers are more health conscious and aware, this is also thriving the market in the region.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=103288069

Leading companies are C.H. Robinson (US), Bio-Rad Laboratories, Inc. (US), OPTEL GROUP (Canada), OPTEL GROUP (Canada), Cognex (US), Honeywell International Inc. (US), SGS SA (Switzerland), Zebra Technologies (US), Bar Code Integrators (US), Carlisle (US), Merit-Trax (Canada), FoodLogiq (US), Safe Traces (US), Food Forensics (UK), Bext360 (US), rfxcel (US), Covectra (US), SMAG (France), SMAG (France), TE-Food (Germany), Mass Group (US), Source Trace (US), Trace One (US), Crest Solutions (Ireland), Traceall Global (UK), and VeeMee (Croatia).

The food traceability market 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 of 9.1%. The growing demand for safe to consume products among the consumers is expected to drive the market. The Asia pacific segment is poised to dominate the market due to its high population demanding safe and secure food, it is projected to be the fastest-growing as well, owing to the larger demand of safety concern due to recent COVID outbreak in China.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103288069

The food manufacturing technology application segment is projected to witness significant growth during the forecast period.

Food traceability software not only proves to be beneficial for end-use consumers but also to all the stakeholders along the food supply chain right from the growers to the end product distributors. The most well-known collaboration project about traceability so far is between Walmart and IBM. A surge and shift in consumer demand from the foodservice channel to retail channels are driven by the increase in at-home usage due to COVID-19 sheltering-in-place precautions. These are estimated to result in some consumer packaged goods manufacturers that are witnessing a corresponding increase in volume, revenue, and profits.

Countries such as India and China are dominating the market in the region.

In India, the FSSAI operates to safeguard the quality of food consumed and exported across the world. It regulates, frames, and supervises the supply chain of food safety and quality testing. It manages the food laws and has simplified the process of food safety and quality testing so that these can be easily implemented. In India, food safety is a collective effort taken by expert bodies such as the MPEDA, Spices Board, Agricultural and Processed Food Products Export Development Authority (APEDA), and EIA.

Food safety assurance systems in China are still at an early stage of development, but significant steps have been taken to improve the safety and quality standards of food. Food safety regulations in China have continued to develop to control food contamination incidences and to improve food quality, safety, and hygiene practices adopted at the manufacturing and subsequent stages in the food supply chain. This is projected to have a positive impact on the growth of the food traceability market.

The increase in the developed economy and per capita income has enabled the consumers to invest in more health and health related services, in South American region. This is one of the major drivers for food traceability in the region. Apart from that, the millennial consumers are more health conscious and aware, this is also thriving the market in the region.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=103288069

Leading companies are C.H. Robinson (US), Bio-Rad Laboratories, Inc. (US), OPTEL GROUP (Canada), OPTEL GROUP (Canada), Cognex (US), Honeywell International Inc. (US), SGS SA (Switzerland), Zebra Technologies (US), Bar Code Integrators (US), Carlisle (US), Merit-Trax (Canada), FoodLogiq (US), Safe Traces (US), Food Forensics (UK), Bext360 (US), rfxcel (US), Covectra (US), SMAG (France), SMAG (France), TE-Food (Germany), Mass Group (US), Source Trace (US), Trace One (US), Crest Solutions (Ireland), Traceall Global (UK), and VeeMee (Croatia).

According to MarketsandMarkets, the global food traceability market 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 of 9.1% in terms of value.
Food science and technology has majorly contributed to the reduction in food safety risks. The increase in food safety concerns is encouraging manufacturers to improve the risk mitigation process at the consumer level through the emphasis on preventing contamination and the use of hygienic practices. This demand will further be translated into the necessity of new, improved, user-friendly, and cost-effective food traceability technologies to enable effective monitoring of spoilage and hazards in the food supply. This is projected to present numerous growth opportunities for manufacturers in the market and new technological developments would also help in catering to the growing demand for food safety.


The food manufacturing industry is estimated to record the fastest growth in the software application market during the forecast period as this industry witnessed a slow adoption of new advanced technologies and was largely dependent on manual labor. However, 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.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103288069

The fresh food produce segment is the largest in the food traceability technology market. Key stakeholders involved in the supply chain of fresh food produce include growers, packers, distributors, wholesalers, and retailers. Food traceability is widely used for fresh food produce due to the high perishability involved. 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.

The RFID segment is projected to dominate the market, followed by the barcode segment during the forecast period. Some of the major factors encouraging the growth of this market include the rise in demand for accurate and real-time data analysis, as well as a wide acceptance of barcode and RFID technologies in various industries, such as retail, manufacturing, transportation and logistics, and healthcare.

The laboratory information management system (LIMS) segment is estimated to record the fastest growth in the food traceability market, as it plays a crucial role in helping businesses attain quality certifications. This is an important factor encouraging the growth of the business in terms of international trade. Further, stringent compliance systems are being developed in the food sector in the North American and European regions, and the demand for LIMS is projected to grow steadily.

Emerging markets in upcoming economies such as the Asia Pacific and South American countries are going to be potential markets for the food traceability manufacturers. The increase in per capita income and change in the trends of safety regarding food consumption are poised to increase the share of the market. These factors are projected to drive the growth of the food traceability market during the forecast period.

Asia Pacific is estimated to account for the largest share of the food traceability market, owing to opportunities presented due to the increasing incidences of foodborne illnesses in the region, leading to a significant increase in the demand for food traceability systems. Asian countries such as China and India has been at the forefront of technological advancements in food traceability. China’s food market is using agricultural product traceability platforms based on blockchain, AI, big data, and cloud computing. These platforms are used by the Guangzhou Municipality’s Market Supervision Bureau, which aims to monitor the flow of food products and enable better market control to ensure food safety. The well-developed infrastructure in the country will further support the growth of food traceability technologies.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=103288069

A consumer base shift has been observed in the past few years on various scales, such as physical activities, health awareness, connoisseurs, and food choices which are certified and safe food & beverages. To match this consumer demand, food manufacturers are constantly conducting R&D to achieve an innovative and certified safe product portfolio.

The rising health awareness among the global population has had a major influence on the demand for tracking the food safety at every step. The global market is witnessing the development of a wide range of applications of various food safety technology, software , and euipments.

According to MarketsandMarkets, the global food traceability market 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 of 9.1% in terms of value.
Food science and technology has majorly contributed to the reduction in food safety risks. The increase in food safety concerns is encouraging manufacturers to improve the risk mitigation process at the consumer level through the emphasis on preventing contamination and the use of hygienic practices. This demand will further be translated into the necessity of new, improved, user-friendly, and cost-effective food traceability technologies to enable effective monitoring of spoilage and hazards in the food supply. This is projected to present numerous growth opportunities for manufacturers in the market and new technological developments would also help in catering to the growing demand for food safety.


The food manufacturing industry is estimated to record the fastest growth in the software application market during the forecast period as this industry witnessed a slow adoption of new advanced technologies and was largely dependent on manual labor. However, 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.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103288069

The fresh food produce segment is the largest in the food traceability technology market. Key stakeholders involved in the supply chain of fresh food produce include growers, packers, distributors, wholesalers, and retailers. Food traceability is widely used for fresh food produce due to the high perishability involved. 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.

The RFID segment is projected to dominate the market, followed by the barcode segment during the forecast period. Some of the major factors encouraging the growth of this market include the rise in demand for accurate and real-time data analysis, as well as a wide acceptance of barcode and RFID technologies in various industries, such as retail, manufacturing, transportation and logistics, and healthcare.

The laboratory information management system (LIMS) segment is estimated to record the fastest growth in the food traceability market, as it plays a crucial role in helping businesses attain quality certifications. This is an important factor encouraging the growth of the business in terms of international trade. Further, stringent compliance systems are being developed in the food sector in the North American and European regions, and the demand for LIMS is projected to grow steadily.

Emerging markets in upcoming economies such as the Asia Pacific and South American countries are going to be potential markets for the food traceability manufacturers. The increase in per capita income and change in the trends of safety regarding food consumption are poised to increase the share of the market. These factors are projected to drive the growth of the food traceability market during the forecast period.

Asia Pacific is estimated to account for the largest share of the food traceability market, owing to opportunities presented due to the increasing incidences of foodborne illnesses in the region, leading to a significant increase in the demand for food traceability systems. Asian countries such as China and India has been at the forefront of technological advancements in food traceability. China’s food market is using agricultural product traceability platforms based on blockchain, AI, big data, and cloud computing. These platforms are used by the Guangzhou Municipality’s Market Supervision Bureau, which aims to monitor the flow of food products and enable better market control to ensure food safety. The well-developed infrastructure in the country will further support the growth of food traceability technologies.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=103288069

A consumer base shift has been observed in the past few years on various scales, such as physical activities, health awareness, connoisseurs, and food choices which are certified and safe food & beverages. To match this consumer demand, food manufacturers are constantly conducting R&D to achieve an innovative and certified safe product portfolio.

The rising health awareness among the global population has had a major influence on the demand for tracking the food safety at every step. The global market is witnessing the development of a wide range of applications of various food safety technology, software , and euipments.