Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1405940
PUBLISHER: Grand View Research | PRODUCT CODE: 1405940
Food Traceability Market Size, Share & Trends Analysis Report by Technology Type (RFID, Barcodes, Infrared, Biometrics, GPS), By Software, By End User, By Region, And Segment Forecasts, 2023 - 2030
PUBLISHED:
PAGES: 120 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Food Traceability Market Growth & Trends:
The global food traceability market is expected to reach USD 30.52 billion by 2030, registering CAGR of 8.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market for food traceability is dynamic and rapidly evolving sector that involves the tracking and monitoring of food products throughout the entire supply chain. This process enables the identification and documentation of the journey of food items from production and processing to distribution and retail. The market continues to evolve as technological advancements, regulatory landscapes, and consumer expectations shape the strategies and solutions employed by stakeholders across the food supply chain.
Growing trends in e-commerce and direct-to-consumer sales lead to increased demand for traceability solutions that provide transparency and assurance about the safety and quality of food products purchased online. Various technologies contribute to traceability, including barcoding, Radio-Frequency Identification (RFID), and blockchain. These technologies enable the recording and retrieval of information related to the origin, production, and distribution of food products. Stringent regulations and standards related to food safety and traceability drive the adoption of traceability solutions. Companies in the food industry strive to comply with these regulations to ensure the safety of their products and maintain consumer trust.
On the basis of technology type, the market is divided into radio frequency identification (RFID), barcodes, infrared, biometrics, global positioning systems (GPS), and others. The segment's growth can be attributed to the cost-effectiveness of the barcode technology to implement compared to some other traceability technologies. The simplicity of barcodes makes them accessible to a wide range of businesses, including small and medium-sized enterprises in the food industry.
Companies are launching new products to cater to the growing demand for food traceability. For instance, in September 2023, the iFoodDS and IBM Corporation unveiled a technology-driven traceability solution designed to assist businesses throughout the food supply chain in meeting the requirements of the FDA's Food Traceability Rule, FSMA 204(d). Drawing upon extensive expertise in food traceability software over the years, the innovative solution, known as iFoodDS Trace Exchange (powered by IBM Food Trust), is tailored to meet the scalability demands of enterprises and address the specific needs of suppliers.
Key market players are adopting strategies such as product launches to gain a competitive edge. For instance, in May 2022, OPTEL Group, a global frontrunner in supply chain traceability solutions across various industries, unveiled Optchain, a collection of modular intelligent supply chain (ISC) solutions designed for the food and beverage sector. Optchain is purposefully crafted to meet the imminent food traceability requirements of all participants in the supply chain, ensuring compliance with the Food and Drug Administration's crucial update to the Food Safety Modernization Act (FSMA) - specifically Section 204.
Food Traceability Market Report Highlights:
- The market is expected to grow significantly due to the growing adoption of traceability technologies, growing regulatory compliances and the growing adoption of food traceability solutions across the globe
- The RFID segment is projected to grow at the fastest CAGR over the forecast period
- The supply chain management (SCM) segment is expected to dominate the market in 2022 with a market share of more than 25.0% and is expanding at a CAGR of 8.1% from 2023 to 2030
- The fish, meat, and seafood segment held the largest revenue share in market globally in 2022 and is expected to expand at a CAGR of 7.5% from 2023 to 2030
Product Code: GVR-4-68040-162-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Research Assumptions
- 1.5. List of Data Sources
- 1.5.1. Secondary Sources
- 1.5.2. Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Food Traceability Market Value Chain Analysis
- 3.3. Food Traceability Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1. Supplier Power
- 3.4.2. Buyer Power
- 3.4.3. Substitution Threat
- 3.4.4. Threat of New Entrants
- 3.4.5. Competitive Rivalry
- 3.5. Food Traceability Market PESTEL Analysis
- 3.5.1. Political Landscape
- 3.5.2. Economic Landscape
- 3.5.3. Social Landscape
- 3.5.4. Technology Landscape
- 3.5.5. Environmental Landscape
- 3.5.6. Legal Landscape
- 3.6. Impact of COVID-19 on the Food Traceability Market
Chapter 4. Food Traceability Market Technology Type Outlook
- 4.1. Food Traceability Market, By Technology Type Analysis & Market Share, 2022 & 2030
- 4.2. Radio Frequency Identification
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.3. Barcodes
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.4. Infrared
- 4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.5. Biometrics
- 4.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.6. Global Positioning Systems
- 4.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.7. Others
- 4.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.7.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.7.3. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.7.4. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 5. Food Traceability Market Software Outlook
- 5.1. Food Traceability Market, By Software Analysis & Market Share, 2022 & 2030
- 5.2. Enterprise Resources Planning (ERP)
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.3. Friction Welding
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.4. Laboratory Information Systems
- 5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.5. Warehouse Software
- 5.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.6. Supply Chain Management (SCM)
- 5.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.7.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 6. Food Traceability Market End User Outlook
- 6.1. Food Traceability Market, By End User Analysis & Market Share, 2022 & 2030
- 6.2. Fruits & Vegetables
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.3. Fruit Pulp & Concentrates
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.4. Dairy Products
- 6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.5. Fish, Meat, and Seafood
- 6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.6. Processed Food
- 6.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.7. Bakery & Confectionary
- 6.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.7.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.8.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 7. Food Traceability Market: Regional Estimates & Trend Analysis
- 7.1. Food Traceability Market Share by Region, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2017 - 2030
- 7.2.2. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.2.4. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2017 - 2030
- 7.3.2. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.3.4. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.3.5. U.K.
- 7.3.5.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2017 - 2030
- 7.4.2. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.4.4. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.4.6. China
- 7.4.6.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.4.9.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.4.9.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2017 - 2030
- 7.5.2. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.5.4. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.5.6. Mexico
- 7.5.6.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.5.6.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.5.6.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2017 - 2030
- 7.6.2. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.6.4. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.6.5. Kingdom of Saudi Arabia (KSA)
- 7.6.5.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.6.6. U.A.E.
- 7.6.6.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.6.6.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.6.6.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. Market estimates and forecasts, By Technology Type, 2017 - 2030 (USD Million)
- 7.6.7.2. Market estimates and forecasts, By Software, 2017 - 2030 (USD Million)
- 7.6.7.3. Market estimates and forecasts, By End User, 2017 - 2030 (USD Million)
Chapter 8. Food Traceability Market Competitive Landscape
- 8.1. Key Market Participants
- 8.1.1. C.H. Robinson
- 8.1.2. Cognex
- 8.1.3. Honeywell International Inc
- 8.1.4. SGS SA
- 8.1.5. Zebra Technologies
- 8.1.6. Carlisle
- 8.1.7. Merit-Trax
- 8.1.8. FoodLogiQ
- 8.1.9. Safe Traces
- 8.1.10. Food Forensics
- 8.1.11. Bext360
- 8.1.12. rfxcel
- 8.1.13. Covectra
- 8.1.14. Bar Code Integrators
- 8.1.15. OPTEL Group
- 8.2. Key Company Market Share Analysis, 2022
- 8.3. Company Categorization/Position Analysis, 2022
- 8.4. Strategic Mapping
- 8.4.1. Expansion
- 8.4.2. Acquisition
- 8.4.3. Collaborations
- 8.4.4. Product/service launch
- 8.4.5. Partnerships
- 8.4.6. Others
Product Code: GVR-4-68040-162-7
List of Tables
- Table 1 Global Food Traceability market revenue estimates and forecast, by Technology Type, 2017 - 2030 (USD Million)
- Table 2 Global Food Traceability market revenue estimates and forecast, by Software, 2017 - 2030 (USD Million)
- Table 3 Global Food Traceability market revenue estimates and forecast, by End User, 2017 - 2030 (USD Million)
- Table 4 Global Food Traceability market revenue estimates and forecast, by region, 2017 - 2030 (USD Million)
- Table 5 Key companies undertaking partnerships and collaboration
- Table 6 Key companies launching new product
List of Figures
- Fig. 1 Food Traceability market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot (1/2)
- Fig. 8 Segment snapshot (2/2)
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Food Traceability market value, 2017 - 2030 (USD Million)
- Fig. 11 Food Traceability market - Industry value chain analysis
- Fig. 12 Food Traceability market - Market trends
- Fig. 13 Food Traceability market: Porter's analysis
- Fig. 14 Food Traceability market: PESTEL analysis
- Fig. 15 Food Traceability market, by Technology Type: Key takeaways
- Fig. 16 Food Traceability market, by Technology Type: Market share, 2022 & 2030
- Fig. 17 Radio Frequency Identification Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 18 Barcodes Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Infrared Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 20 Biometrics Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 21 Global Positioning Systems Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 22 Others Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 23 Food Traceability market, by Software: Key takeaways
- Fig. 24 Food Traceability market, by Software: Market share, 2022 & 2030
- Fig. 25 Enterprise Resources Planning (ERP) Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 26 Friction Welding Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 27 Laboratory Information Systems Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 28 Warehouse Software Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Supply Chain Management (SCM) Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 30 Others Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 31 Food Traceability market, by End User: Key takeaways
- Fig. 32 Food Traceability market, by End User: Market share, 2022 & 2030
- Fig. 33 Fruits & Vegetables Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 34 Fruit Pulp & Concentrates Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Dairy Products Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Fish, Meat, and Seafood Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 37 Processed Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Bakery & Confectionary Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 39 Others Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 40 Global Food Traceability market revenue, by region, 2022 & 2030, (USD Million)
- Fig. 41 North America Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 42 U.S. Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 43 Canada Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 44 Europe Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 45 U.K. Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 46 Germany Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 47 France Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 48 Asia Pacific Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 49 India Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 50 China Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 51 Japan Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 52 South Korea Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 53 Australia Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 54 Latin America Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 55 Brazil Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 56 Mexico Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 57 Middle East & Africa Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 58 Kingdom of Saudi Arabia (KSA) Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 59 U.A.E. Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 60 South Africa Food Traceability market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 61 Key company categorization
- Fig. 62 Food Traceability market - Key company market share analysis, 2022.
- Fig. 63 Strategic framework
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.