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Report
Food Traceability Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 143 Pages I IMARC Group
The global food traceability market size reached US$ 18.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.
Food traceability helps track the movement of a food product and its ingredients through all steps in the supply chain, forward and backward. It involves documenting and linking the production, processing, and distribution of different food products and ingredients. It helps governing authorities in product tracing during the outbreak of a foodborne illness to find the source of the product rapidly and where the contamination may have occurred. This enables faster removal of the affected product from the marketplace, thereby reducing incidences of foodborne illnesses.
Food Traceability Market Trends:
With the growing global supply chain, food safety is becoming a significant concern for consumers and regulators. This, coupled with the increasing number of deaths on account of food contamination, represents one of the key factors bolstering the growth of the market. Moreover, food traceability is a part of an overall cost-effective quality management system that can also aid in the continuous minimization of the impact of safety hazards. It also facilitates the rapid recall of products and the determination and settlement of liabilities. Besides this, food traceability aids in building trust and increasing certainty in food processing operations. This, along with the rising requirement for transparent information about the entire food chain, supported by modern tracking and tracing methods, is fueling the growth of the market. Furthermore, there is a rise in the adoption of blockchain technologies in food traceability, which enhances the ability to validate and authenticate food origin and improves brand credibility. Additionally, they help prevent fraud, enhance the capacity to better tackle outbreaks, minimize food testing expenses, and increase margins. This is projected to drive the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food traceability market, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, equipment, application and end user.
Breakup by Technology:
RFID/RTLS
Global Positioning System (GPS)
Barcode
Infrared
Biometrics
Breakup by Equipment:
PDA with GPS
Thermal Printers
2D and 1D Scanners
Tags and Labels
Sensors
Others
Breakup by Application:
Meat and Livestock
Fresh Produce and Seeds
Dairy Products
Beverage Products
Fisheries
Others
Breakup by End User:
Food Manufacturers
Warehouse/Pack Farms
Food Retailers
Government Departments
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bar Code Integrators Inc., C.H. Robinson Worldwide Inc., Carlisle Technology, Cognex Corporation, FoodLogiQ, Honeywell International Inc., Impinj Inc., International Business Machines Corporation, MASS Group, OPTEL Group, SGS S.A. and Zebra Technologies Corporation.
Key Questions Answered in This Report:
How has the global food traceability market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global food traceability market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the equipment?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global food traceability market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Food Traceability Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 RFID/RTLS
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Global Positioning System (GPS)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Barcode
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Infrared
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Biometrics
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Equipment
7.1 PDA with GPS
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Thermal Printers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 2D and 1D Scanners
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Tags and Labels
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Sensors
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Application
8.1 Meat and Livestock
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Fresh Produce and Seeds
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Dairy Products
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Beverage Products
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Fisheries
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by End User
9.1 Food Manufacturers
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Warehouse/Pack Farms
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Food Retailers
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Government Departments
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Bar Code Integrators Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 C.H. Robinson Worldwide Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Carlisle Technology
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Cognex Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 FoodLogiQ
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Honeywell International Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Impinj Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 International Business Machines Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 MASS Group
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 OPTEL Group
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 SGS S.A.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Zebra Technologies Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
Figure 1: Global: Food Traceability Market: Major Drivers and Challenges
Figure 2: Global: Food Traceability Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Food Traceability Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Food Traceability Market: Breakup by Technology (in %), 2022
Figure 5: Global: Food Traceability Market: Breakup by Equipment (in %), 2022
Figure 6: Global: Food Traceability Market: Breakup by Application (in %), 2022
Figure 7: Global: Food Traceability Market: Breakup by End User (in %), 2022
Figure 8: Global: Food Traceability Market: Breakup by Region (in %), 2022
Figure 9: Global: Food Traceability (RFID/RTLS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Food Traceability (RFID/RTLS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Food Traceability (Global Positioning System (GPS)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Food Traceability (Global Positioning System (GPS)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Food Traceability (Barcode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Food Traceability (Barcode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Food Traceability (Infrared) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Food Traceability (Infrared) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Food Traceability (Biometrics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Food Traceability (Biometrics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Food Traceability (PDA with GPS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Food Traceability (PDA with GPS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Food Traceability (Thermal Printers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Food Traceability (Thermal Printers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Food Traceability (2D and 1D Scanners) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Food Traceability (2D and 1D Scanners) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Food Traceability (Tags and Labels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Food Traceability (Tags and Labels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Food Traceability (Sensors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Food Traceability (Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Food Traceability (Other Equipments) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Food Traceability (Other Equipments) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Food Traceability (Meat and Livestock) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Food Traceability (Meat and Livestock) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Food Traceability (Fresh Produce and Seeds) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Food Traceability (Fresh Produce and Seeds) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Food Traceability (Dairy Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Food Traceability (Dairy Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Food Traceability (Beverage Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Food Traceability (Beverage Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Food Traceability (Fisheries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Food Traceability (Fisheries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Food Traceability (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Food Traceability (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Food Traceability (Food Manufacturers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Food Traceability (Food Manufacturers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Food Traceability (Warehouse/Pack Farms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Food Traceability (Warehouse/Pack Farms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Food Traceability (Food Retailers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Food Traceability (Food Retailers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Food Traceability (Government Departments) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Food Traceability (Government Departments) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Food Traceability (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Food Traceability (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: North America: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: North America: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United States: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United States: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Canada: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Canada: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Asia-Pacific: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Asia-Pacific: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: China: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: China: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Japan: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Japan: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: India: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: India: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: South Korea: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: South Korea: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Australia: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Australia: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Indonesia: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Indonesia: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Europe: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Europe: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Germany: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Germany: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: France: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: France: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: United Kingdom: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: United Kingdom: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Italy: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Italy: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Spain: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Spain: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Russia: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Russia: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Others: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Others: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Latin America: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Latin America: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Brazil: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Brazil: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Mexico: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Mexico: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Others: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Others: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Middle East and Africa: Food Traceability Market: Sales Value (in Million US$), 2017 & 2022
Figure 100: Middle East and Africa: Food Traceability Market: Breakup by Country (in %), 2022
Figure 101: Middle East and Africa: Food Traceability Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 102: Global: Food Traceability Industry: SWOT Analysis
Figure 103: Global: Food Traceability Industry: Value Chain Analysis
Figure 104: Global: Food Traceability Industry: Porter's Five Forces Analysis
Table 1: Global: Food Traceability Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Food Traceability Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Food Traceability Market Forecast: Breakup by Equipment (in Million US$), 2023-2028
Table 4: Global: Food Traceability Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Food Traceability Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Food Traceability Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Food Traceability Market: Competitive Structure
Table 8: Global: Food Traceability Market: Key Players
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