Global Food Traceability
Market Report
2024
The global Food Traceability market size is USD 25.1 billion in 2024. The Food Traceability market will show strongest growth with a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031. This growth can be attributed to government assistance to provide opportunities for the implementation of food traceability systems.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Food Traceability market size is USD 25.1 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Food Traceability Market Sales Revenue 2024 | $ 25.1 Billion |
Global Food Traceability Market Sales Revenue 2030 | $ 32.31 Billion |
Global Food Traceability Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9% |
Market Split by Technology Type |
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Market Split by Software type |
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Market Split by Technology Application |
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Market Split by Software end user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Food Traceability industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Food Traceability Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
In order to monitor the movement of a food product and its constituents through all stages of the supply chain, both forward and rearward, food traceability is useful. This entails the documenting and linking of the production, refining, and distribution of various culinary products and constituents. During the outbreak of a contaminated illness, it assists governing authorities in the rapid identification of the product's source and the potential location of product contamination. This facilitates the quick removal of the affected product from the market, thereby reducing the prevalence of contaminated illnesses. In most cases, foodborne ailments are the result of pathogens and mycotoxins that have contaminated food. The presence of bacteria in food, such as Salmonella and Listeria, undoubtedly compromises the microbiological security and quality of food, resulting in contaminated illnesses.
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In December 2020, Honeywell (US) has acquired Rebellion Photonics (US), a Houston-based provider of innovative, smart, visual gas monitoring products that enhance the safety, efficiency of operation, emissions mitigation, and compliance of the oil and gas, petrochemicals, and power industries. (Source:https://www.honeywell.com/us/en/press/2019/12/honeywell-acquires-rebellion-photonics-a-leader-in-intelligent-automated-visual-gas-monitoring-solutions)
Top Companies Market Share in Food Traceability Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and anticipated for around 40% of the global revenue, due to a combination of consumer demands, technological capabilities, collaborative industry efforts, regulatory initiatives, and a strong emphasis on product safety and quality. The region's proactive approach to the adoption and advancement of traceability solutions establishes it as a leader in the establishment of accountability and openness throughout the food supply chain.
Asia-Pacific stands out as the fastest-growing region in the Food Traceability market. Consumer expectations, regulatory trends, industry dynamics, technological advancements, and the region's expanding role in the global food supply chain all contribute to the region's most significant growth.
The current report Scope analyzes Food Traceability Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Food Traceability Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Food Traceability Industry growth. Food Traceability market has been segmented with the help of its Technology Type, Software type Technology Application, and others. Food Traceability market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Radio-frequency identification is the dominant category. RFID is employed to monitor real-time data by employing a tag that identify and track consumables through radio waves. Data and intricate characteristics, including temperature, air pressure, and moisture, are monitored by RFID technology, which is advantageous. Also, it has a benefit over its competitors. It is not required to engage in user-initiated, line-of-sight activities, and it can read and write hundreds of marks simultaneously, thereby reducing expense and labor.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Food Traceability Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Food Traceability from 2019 to 2031. This will also help to analyze the demand for Food Traceability across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Software type of Food Traceability are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Food Traceability Market is witnessing significant growth in the near future.
In 2023, the Radio-frequency identification segment accounted for noticeable share of global Food Traceability Market and is projected to experience significant growth in the near future.
The Enterprise Resource Planning (ERP) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies C.H. Robinson (US) , OPTEL GROUP (Canada) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Technology Type | Radio-frequency identification, Barcodes, Infrared, Biometrics, Global positioning system |
Software type | Enterprise Resource Planning (ERP), Friction welding (stir linear, rotary), Laboratory Information Management Software (LIMS), Warehouse software, Other types (quality management software, poultry farm software, and hybrid software) |
Technology Application | Fresh food produce, Meat, poultry & seafood products., Dairy products, Beverage products, Other applications(grains, oilseeds, nuts, and coffee) |
Software end user | Enterprise Resource Planning (ERP), Friction welding (stir linear, rotary), Laboratory Information Management Software (LIMS), Warehouse software, Others (non-profit organizations, animal welfare organization, and cooperative organization) |
List of Competitors | C.H. Robinson (US), Bio-Rad Laboratories Inc. (US), 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), TE-Food (Germany), Mass Group (US), Source Trace (US), Trace One (US), Crest Solutions (Ireland), Traceall Global (UK), VeeMee (Croatia). |
This chapter will help you gain GLOBAL Market Analysis of Food Traceability. Further deep in this chapter, you will be able to review Global Food Traceability Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Type Analysis 2019 -2031, will provide market size split by Technology Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Software type Analysis 2019 -2031
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Chapter 12 Market Split by Technology Application Analysis 2019 -2031
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Chapter 13 Market Split by Software end user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Food Traceability market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Radio-frequency identification have a significant impact on Food Traceability market? |
What are the key factors affecting the Radio-frequency identification and Barcodes of Food Traceability Market? |
What is the CAGR/Growth Rate of Enterprise Resource Planning (ERP) during the forecast period? |
By type, which segment accounted for largest share of the global Food Traceability Market? |
Which region is expected to dominate the global Food Traceability Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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