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Report Highlights
The global market for food traceability is expected to grow from $23.8 billion in 2024 and is projected to reach $38.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% during the forecast period of 2024 to 2029.
Report Includes
- 44 data tables and 49 additional tables
- Analyses of trends in the global market for food traceability technologies, with market revenue data for 2023, estimates for 2024, forecasts for 2025 and projected CAGRs through 2029
- Estimates of the market size and revenue growth prospects, along with a market share analysis by technology type, component, equipment type, type of software solution and region/country
- Insights derived from the Porter’s Five Forces model, as well as global supply chain and PESTLE analyses
- Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Evaluation of recent patent activity and key granted and published patents
- Profiles of leading companies, including Bar Code Integrators, Honeywell International, IBM, TE-Food International and Optel Vision.
Report Scope
The report analyzes the global markets for food traceability, using 2023 as a benchmark year and offering projections for the forecast period from 2024 to 2029, with estimates of compound annual growth rates (CAGRs). The market size is estimated from the perspective of technology and applications. This report covers many aspects of the food traceability market, including technological advances, economic factors and business considerations. It outlines the market forces impacting the industry and its many technologies and applications, and examines the leading companies engaged in food traceability technology, equipment, software and applications. It examines the factors driving market growth and the regional dynamics influencing the market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $21.8 billion | ||||||||||||||||
| Market size forecast | $38.5 billion | ||||||||||||||||
| Growth rate | CAGR of 10.1% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Technology, Component, Equipment Type, Software, Application, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, China, India, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, and Argentina | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Regulatory Imperatives Driving Compliance
- Consumer Demand for Transparency and Accountability
- Technological Advancements Transforming the Sector
- Heightened Focus on Food Safety and Recall Management
- Sustainability as a Core Driver for Traceability.
Analyst Credentials
Kunal R. Nagpure– Consultant-Food & Beverage Research
Kunal Nagpure is an accomplished market researcher with over eight years of experience in the F&B, Environment, and Agriculture markets. He is passionate about using his knowledge to help clients make data-driven decisions and achieve their business objectives. With a keen eye for detail and a strong analytical mindset, Kunal has delivered numerous successful research projects that have enabled clients to gain a competitive edge in their respective markets. Academically, Kunal holds a master’s degree in Marketing and Operations and a bachelor’s degree in Biotech Engineering.
Consulting Editor’s Credentials
Melissa Dueck brings more than 25 years of health industry experience to the consulting analyst role with expertise in pharmaceuticals, medical technologies, and hospital operations. Ms. Dueck holds an MBA in Health Care Management, an MPH in Global Health, and is a pending doctoral candidate. She has authored several industry-specific documents and is a well-respected, trusted contributor to the market intelligence community. Her writings are published in magazines, newspapers, and professional journals. She is also an experienced custom market research writer who has worked with a large variety of clients in many fields who require innumerable variations to research documents. Ms. Dueck serves the health and medical community through emergency room medical training, healthcare information system coordination, program implementation and evaluations, and strategic business oversight planning.
Report Highlights
The global market for food traceability technologies should reach $15.1 billion by 2021 from $10.7 billion in 2016 at a compound annual growth rate (CAGR) of 7.1%, from 2016 to 2021.
Report Includes
- An overview of the global food traceability market
- Analyses of global market trends, with data from 2015, 2016 and projections of compound annual growth rates (CAGRs) through 2021
- A look at key growing market areas that promise immense opportunities and long-term growth
- Identification and evaluations of key market dynamics and respective impacts across geographies
- Analyses of recent patents
- Profiles of major players in the industry
Report Highlights
The global food traceability market was $7 billion in 2011 and is expected to reach $11 billion in 2016 at an estimated compound annual growth rate (CAGR) of 8.9% from 2011 to 2016.
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