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Global Food Traceability Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 10/11/2022
  • NO OF PAGES
  • 235
  • CATEGORY
  • Food & Beverages

Market Overview:

The food traceability market refers to the system and technologies used to track the movement of food products through the supply chain, from farm to table. These systems typically involve the use of unique identifiers, such as barcodes or RFID tags, to track the movement of food products at each stage of the supply chain, including production, processing, distribution, and retail. Food traceability is becoming increasingly important in today's global food industry, where consumers are increasingly concerned about the safety and quality of the food they eat. In addition, governments around the world are implementing strict regulations on food safety and traceability to prevent foodborne illnesses and ensure the safety of their citizens.

The global food traceability market is expected to grow significantly over the next few years, driven by increasing demand from consumers, government regulations, and advances in technology. The global food traceability market is projected to reach $26.1 billion by 2025, growing at a CAGR of 9.8% from 2020 to 2025. Some of the key players in the food traceability market include IBM Corporation, Cognex Corporation, Honeywell International Inc., Zebra Technologies Corporation, Datalogic S.p.A., and Toppan Printing Co. Ltd.

Overall, the food traceability market is expected to continue to grow as consumers and governments around the world demand greater transparency and safety in the food supply chain, and as technology continues to advance to make these systems more efficient and effective.

Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on the food traceability market, both in terms of opportunities and challenges.

On the one hand, the pandemic has highlighted the importance of food safety and traceability, leading to increased demand for these systems from both consumers and governments. Consumers are more concerned than ever about the safety and quality of their food, and governments are implementing stricter regulations to ensure the safety of their citizens.

On the other hand, the pandemic has also led to disruptions in the food supply chain, making it more difficult to implement effective traceability systems. Lockdowns, travel restrictions, and supply chain disruptions have made it more difficult to track the movement of food products through the supply chain, and increased demand for certain products has put pressure on suppliers and retailers to prioritize speed over safety.

Overall, the COVID-19 pandemic has highlighted the need for robust food traceability systems that can adapt to changing conditions and provide greater transparency and safety in the food supply chain. As a result, the food traceability market is expected to continue to grow, as consumers and governments demand greater accountability and safety in the food they consume.

Market Dynamics:

Drivers:

There are several drivers that are fuelling the growth of the food traceability market, including:

  1. Increasing demand for food safety: As consumers become more concerned about the safety and quality of the food they eat, there is a growing demand for food traceability systems that can provide greater transparency and accountability in the food supply chain. This demand is being driven by a number of factors, including increasing food recalls, foodborne illness outbreaks, and concerns over food fraud.
  2. Government regulations: Governments around the world are implementing strict regulations on food safety and traceability to prevent foodborne illnesses and ensure the safety of their citizens. These regulations are driving the adoption of food traceability systems across the food industry.
  3. Technological advancements: Advances in technology, such as RFID, blockchain, and cloud computing, are making it easier and more cost-effective to implement food traceability systems. These technologies are helping to improve the accuracy and speed of data collection, making it easier to track the movement of food products through the supply chain.
  4. Supply chain optimization: Food traceability systems can also help to optimize the food supply chain by reducing waste, improving inventory management, and increasing operational efficiency. This is driving the adoption of food traceability systems by food manufacturers, distributors, and retailers.

Overall, the food traceability market is being driven by a combination of consumer demand, government regulations, technological advancements, and supply chain optimization. As these drivers continue to push the market forward, the adoption of food traceability systems is expected to continue to grow.

Regional Analysis:

The food traceability market is growing worldwide, with North America, Europe, Asia Pacific, and Rest of the World (RoW) being the major regions contributing to its growth. Here is a brief overview of the food traceability market in each of these regions:

  1. North America: North America is the largest market for food traceability, with the United States being the major contributor to its growth. The market growth in this region is driven by the increasing demand for food safety and the implementation of strict government regulations on food traceability.
  2. Europe: Europe is the second-largest market for food traceability, with countries like Germany, France, and the UK being the major contributors to its growth. The market growth in this region is driven by the implementation of strict government regulations on food safety and the increasing demand for food traceability by consumers.
  3. Asia Pacific: The Asia Pacific region is expected to grow at the fastest rate in the food traceability market. Countries like China, India, and Japan are the major contributors to its growth. The market growth in this region is driven by the increasing demand for food safety, the growing food industry, and the implementation of government regulations on food traceability.
  4. Rest of the World (RoW): RoW includes Latin America, the Middle East, and Africa. The market growth in this region is driven by the implementation of government regulations on food safety, the increasing demand for food traceability by consumers, and the growing food industry in this region.

Overall, the food traceability market is growing worldwide, driven by increasing demand for food safety, government regulations, and technological advancements. While North America and Europe are currently the largest markets for food traceability, Asia Pacific is expected to grow at the fastest rate in the coming years.

Market Segmentation:

The food traceability market refers to the use of technology and systems to track the movement of food products throughout the supply chain. This includes tracking the origin and production of food, as well as the handling and distribution of food products.

The global food traceability market is expected to grow at a CAGR of around 9% from 2021 to 2026. The market is segmented based on technology, application, end-use sector, and geography.

  1. By Technology:
  • RFID (Radio Frequency Identification)
  • Barcodes
  • GPS (Global Positioning System)
  • QR Codes
  • Others
  1. By Application:
  • Meat & Poultry Products
  • Dairy Products
  • Beverages
  • Fresh Produce & Seeds
  • Others
  1. By End-Use Sector:
  • Food Manufacturers
  • Food Retailers
  • Government Departments
  • Others
  1. By Geography:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Each of these segments has its own set of drivers, challenges, and opportunities. For example, the use of RFID technology is growing due to its ability to provide real-time data and improve supply chain efficiency. The meat and poultry products segment is also growing due to increasing demand for safe and high-quality meat products. Additionally, food retailers are increasingly adopting traceability solutions to improve customer trust and safety.

Overall, the food traceability market is expected to continue to grow as food safety regulations become increasingly stringent, and consumers demand more transparency and accountability in the food supply chain.

Competitive Landscape:

The global food traceability market is highly competitive and consists of several major players. Some of the leading players in the market include:

  1. IBM Corporation
  2. Cognex Corporation
  3. Zebra Technologies Corporation
  4. Honeywell International Inc.
  5. Datalogic S.p.A.
  6. Barcoding, Inc.
  7. Motorola Solutions, Inc.
  8. Bio-Rad Laboratories, Inc.
  9. Thermo Fisher Scientific Inc.
  10. Carrier Global Corporation

These companies offer a wide range of food traceability solutions, including RFID and barcode technology, GPS tracking, and software systems that enable real-time tracking of food products throughout the supply chain.

Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Food Traceability Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Food Traceability
1.3 Food Traceability Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Food Traceability Revenue and Growth Rate from 2016-2030
1.4 Market Segmentation
1.4.1 Types of Food Traceability
1.4.2 Applications of Food Traceability
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Food Traceability Industry Trends
1.5.2 Food Traceability Drivers
1.5.3 Food Traceability Market Challenges
1.5.4 Food Traceability Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Food Traceability Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Food Traceability Industry Development

2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Food Traceability Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Food Traceability
2.2.1 Major Players Manufacturing Base of Food Traceability in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Food Traceability Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Food Traceability
2.3.3 Labor Cost of Food Traceability
2.4 Market Channel Analysis of Food Traceability
2.5 Major Down Stream Customers by Application

3 Global Food Traceability Market, by Type
3.1 Global Food Traceability Revenue and Market Share by Type (2016-2021)
3.2 Global Food Traceability Production and Market Share by Type (2016-2021)
3.3 Global Food Traceability Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Food Traceability Revenue and Growth Rate of Distribution accounting systems
3.3.2 Global Food Traceability Revenue and Growth Rate of Inventory management systems
3.3.3 Global Food Traceability Revenue and Growth Rate of Production management Systems
3.3.4 Global Food Traceability Revenue and Growth Rate of Quality Control Systems
3.3.5 Global Food Traceability Revenue and Growth Rate of Others
3.4 Global Food Traceability Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends

4 Food Traceability Market, by Application
4.1 Downstream Market Overview
4.2 Global Food Traceability Consumption and Market Share by Application (2016-2021)
4.3 Global Food Traceability Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Food Traceability Consumption and Growth Rate of For Manufacturers (2016-2021)
4.3.2 Global Food Traceability Consumption and Growth Rate of For Logistics Providers (2016-2021)
4.3.3 Global Food Traceability Consumption and Growth Rate of For Wholesalers (2016-2021)
4.3.4 Global Food Traceability Consumption and Growth Rate of For Store/Restaurant (2016-2021)
4.3.5 Global Food Traceability Consumption and Growth Rate of For Consumer (2016-2021)

5 Global Food Traceability Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Food Traceability Revenue and Market Share by Region (2016-2021)
5.2 Global Food Traceability Consumption and Market Share by Region (2016-2021)
5.3 Global Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Food Traceability Market Under COVID-19
5.4.2 North America Food Traceability SWOT Analysis
5.5 Europe Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Food Traceability Market Under COVID-19
5.5.2 Europe Food Traceability SWOT Analysis
5.6 China Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Food Traceability Market Under COVID-19
5.6.2 China Food Traceability SWOT Analysis
5.7 Japan Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Food Traceability Market Under COVID-19
5.7.2 Japan Food Traceability SWOT Analysis
5.8 Middle East and Africa Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Food Traceability Market Under COVID-19
5.8.2 Middle East and Africa Food Traceability SWOT Analysis
5.9 India Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Food Traceability Market Under COVID-19
5.9.2 India Food Traceability SWOT Analysis
5.10 South America Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Food Traceability Market Under COVID-19
5.10.2 South America Food Traceability SWOT Analysis
5.11 South Korea Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Food Traceability Market Under COVID-19
5.11.2 South Korea Food Traceability SWOT Analysis
5.12 Southeast Asia Food Traceability Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Food Traceability Market Under COVID-19
5.12.2 Southeast Asia Food Traceability SWOT Analysis

6 Global Food Traceability Production by Top Regions (2016-2021)
6.1 Global Food Traceability Production by Top Regions (2016-2021)
6.2 North America Food Traceability Production and Growth Rate
6.3 Europe Food Traceability Production and Growth Rate
6.4 China Food Traceability Production and Growth Rate
6.5 Japan Food Traceability Production and Growth Rate
6.6 India Food Traceability Production and Growth Rate

7 Global Food Traceability Consumption by Regions (2016-2021)
7.1 Global Food Traceability Consumption by Regions (2016-2021)
7.2 North America Food Traceability Consumption and Growth Rate
7.3 Europe Food Traceability Consumption and Growth Rate
7.4 China Food Traceability Consumption and Growth Rate
7.5 Japan Food Traceability Consumption and Growth Rate
7.6 Middle East & Africa Food Traceability Consumption and Growth Rate
7.7 India Food Traceability Consumption and Growth Rate
7.8 South America Food Traceability Consumption and Growth Rate
7.9 South Korea Food Traceability Consumption and Growth Rate
7.10 Southeast Asia Food Traceability Consumption and Growth Rate

8 Competitive Landscape
8.1 Competitive Profile
8.2 SourceTrace Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Food Traceability Product Profiles, Application and Specification
8.2.3 SourceTrace Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Logicsoft Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Food Traceability Product Profiles, Application and Specification
8.3.3 Logicsoft Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 C.H. Robinson Worldwide,Inc. Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Food Traceability Product Profiles, Application and Specification
8.4.3 C.H. Robinson Worldwide,Inc. Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Invengo Information Technology Co.,Ltd. Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Food Traceability Product Profiles, Application and Specification
8.5.3 Invengo Information Technology Co.,Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Green Marks Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Food Traceability Product Profiles, Application and Specification
8.6.3 Green Marks Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 EHSURE Co.,Ltd Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Food Traceability Product Profiles, Application and Specification
8.7.3 EHSURE Co.,Ltd Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 JD.com Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Food Traceability Product Profiles, Application and Specification
8.8.3 JD.com Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Zhuisuyun Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Food Traceability Product Profiles, Application and Specification
8.9.3 Zhuisuyun Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 IBM Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Food Traceability Product Profiles, Application and Specification
8.10.3 IBM Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19

9 Global Food Traceability Market Analysis and Forecast by Type and Application
9.1 Global Food Traceability Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Distribution accounting systems Market Revenue and Volume Forecast (2021-2026)
9.1.2 Inventory management systems Market Revenue and Volume Forecast (2021-2026)
9.1.3 Production management Systems Market Revenue and Volume Forecast (2021-2026)
9.1.4 Quality Control Systems Market Revenue and Volume Forecast (2021-2026)
9.1.5 Others Market Revenue and Volume Forecast (2021-2026)
9.2 Global Food Traceability Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 For Manufacturers Market Revenue and Volume Forecast (2021-2026)
9.2.2 For Logistics Providers Market Revenue and Volume Forecast (2021-2026)
9.2.3 For Wholesalers Market Revenue and Volume Forecast (2021-2026)
9.2.4 For Store/Restaurant Market Revenue and Volume Forecast (2021-2026)
9.2.5 For Consumer Market Revenue and Volume Forecast (2021-2026)

10 Food Traceability Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Food Traceability Market Trends Analysis

11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment

12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

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Case Study- ICT Sector

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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