Global Food Traceability Market Overview 

The Global Food Traceability market size is estimated to reach $8.2 billion by 2026, growing at a CAGR of 9.6% over the forecast period of 2022-2026. The food traceability system keeps records of the flow of products intended for human consumption throughout the production process. Since food production and distribution are complex, companies consider the food traceability system the best tool to solve all food-related challenges.

As a result, consumers are willing to pay more for food traceability and certified origin products in many countries, such as the US and UK. The increasing incidence of consumers exposed to foodborne diseases has also led several brands to introduce more advanced food tracking and tracing solutions. These solutions can also effectively help governments and food manufacturers to take necessary steps and measures, such as identifying the origin of raw materials, ingredients, products, and the location where a particular disease may have developed.

In addition, food traceability helps companies deliver fresh food to consumers, thereby helping to reduce foodborne diseases. It can also help clear groceries quickly from points of sale and shelves, reducing the potential for additional risks or infections among consumers. In addition, the Food and Drug Administration (FDA) regulations require that companies operating in the food industry create and maintain records so that food processes are documented in a step-by-step manner.

Impact of COVID-19:

The sudden outbreak of the COVID-19 pandemic has positively impacted the growth of the Global Food Traceability Market. Due to rising consumer concerns regarding the significance of safe and healthy eating habits. Additionally, the imposition of lockdown that resulted in the shutdown of restaurants and movement restrictions surged the demand for packed items, thereby accelerating the growth of the Food Traceability Market across the globe. Moreover, the fast pace recovery of developing economies and the emergence of effective crisis-management strategies will also support the growth of the Global Food Traceability Market in the coming future.

Key Takeaways from Global Food Traceability Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for Equipment, Application, Software, End-users, and by different industry verticals.
• Understand the market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years. 
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

By Equipment, the market for PDA with GPS Segment to grow at the highest CAGR during the forecast period

During the forecast period, the market for PDA with GPS segment is predicted to develop at the fastest rate of XX%. This segment's growth is due to the increasing usage of PDA with GPS in food traceability systems. PDA with GPS are essential Equipment for food traceability systems, and also the price of such Equipment is decreasing, which is making it more affordable for businesses. In addition, a wide range of applications of PDA with GPS and faster processing speed capability with the integration of the latest technologies are leading to increasing demand for such Equipment, which is expected to propel revenue growth of this segment soon.

By Application, Fisheries Segment grows at the highest CAGR during the forecast period.

The ambulatory surgical center's segment is predicted to develop at the fastest CAGR during the projection period. It is owing to increasing fishing operations and implementation of sustainable practices in the fisheries industry, which can help in the rapid increase of genomic data production that could have the subsequent potential for more excellent value resolution for fish stock traceability. Furthermore, transparency in fisheries ensures the quality and safety of products, legality, and origin, which plays a vital role in increasing usage of traceability soon. 

Asia-Pacific to account for the largest market share during the forecast period

Asia-Pacific held the largest share of the Food Traceability market in 2020, with a global market share of 34%. This region's growth is due to technological advancements and the increasing adoption of more advanced technologies in supply chain management and food surveillance systems. China is the world's largest producer of food globally and one of the most populous in terms of food consumers. Additionally, China is the world's most populated country, increasing the demand for food traceability for various applications.

Chinese government officials and businesses adopt food traceability solutions in multiple applications, including laboratory networks, surveillance systems, new traceability tools, advanced blockchain technology, and fraud prevention. North America is the fastest-growing over the period 2021-2026. This growth is due to government regulations in the traceability systems to analyze and purify components for the food industry, leading to increasing demand for food traceability systems in the region. In addition, increasing use of food traceability in the agricultural and supply chain industry is expected to augment market revenue growth further.

Market Dynamics

Driver: 

Increase in foodborne diseases, and food adulteration incidents cause serious health-related issues. 

Foodborne illnesses are generally caused due to the contamination of food with pathogens and mycotoxins. The presence of pathogens, such as Salmonella and Listeria, in food certainly compromises food microbiological safety and quality, resulting in foodborne illnesses. According to the CDC, 76 million cases of foodborne diseases are recorded in the US every year, resulting in 325,000 hospitalizations and 5000 deaths. Although, according to WHO, the WHO Region of the Americas has the second-lowest burden due to foodborne diseases.

Commercial food services have risen dramatically over the last three decades and require extensive food handling. It has led to an increase in the number of people handling food and various other changes such as new methods of producing and distributing food, which has led to a potential increase in the possibility of transmission of foodborne infections from handlers to consumers, thereby driving the demand for food traceability systems.

Challenge: 

Additional cost requirements for traceability systems have raised questions and impeded market growth.

End-to-end food traceability systems are expensive and challenging to implement. Traceability helps to minimize various costs, including the packaging cost, the cost of rejected products, and the cost involved in recalling contaminated food products. Compared to the cost of record, product differentiation, and the cost of certifying a product against specific standards, establishing a traceability system creates a burden on food manufacturers. The establishment of traceability systems includes installing hardware, software, systems engineering, training, support, and system upgrades, which is comparatively expensive.

The cost of advanced food traceability systems is considered a barrier and a significant challenge for their mass adoption. With the continuous increase in demand for food traceability to address food safety issues globally, many traceability tags are produced every year. It is projected to increase the cost of silicon-based tags that contain a unique serial number of food products. However, with the increase in the adoption of food traceability technologies, the prices are likely to decline. Therefore, it is projected to drive the growth of the food traceability market.

Key Market Players

Key Players in the Global Food Traceability Market consist of Honeywell International Inc., Cognex Corporation, Keyence Corporation, Bext360 Inc., Foodlogiq LLC, Trace One Inc, Traceall Global Limited, Merit-Trex Technologies, TE-Food Enterprise, and Carlisle Incorporated.

Recent Developments:

• In March 2021, Honeywell International Inc. signed an agreement to acquire a majority stake in Fiplex Communications INC, a Miami-based company that develops in-building communication systems. The acquisition will expand Honeywell's in-building connectivity and communication solutions to its consumers. Fiplexs solutions will become a platform of innovation for Honeywell wireless technologies.

Report Coverage and Scope

The report "Global Food Traceability Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

By Equipment

• PDA with GPS
• Thermal Printers
• 2D & 1D Scanners
• Tags & Labels
• Sensors
• Others

By Application

• Meat & Livestock
• Fresh Produce & Seeds
• Dairy
• Beverages
• Fisheries
• Others

By Software

• Enterprise Resource Planning (ERP)
• Friction welding (stir, linear, rotary)
• Laboratory Information Management Software (LIMS)
• Warehouse software
• Other

By End-users

• Food Retailers
• Defense
• Food Manufacturers
• Warehouses
• Others

By Geography

• North America
• Europe
• APAC
• RoW

Chapter 1 Food Traceability Market Overview

1.1 Product Overview and Scope of Food Traceability

1.2 Food Traceability Market Segmentation By Application

1.2.1 Meat & Livestock

1.2.2 Fresh Produce & Seeds

1.2.3 Dairy

1.2.4 Beverages

1.2.5 Fisheries

1.3 Food Traceability Market Segmentation By End User

1.3.1 Food Retailers

1.3.2 Defense

1.3.3 Food Manufacturers

1.3.4 Warehouses

1.3.5 Others

1.4 Food Traceability Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Food Traceability (2016-2021)

Chapter 2 Global Economic Impact on Food Traceability Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Food Traceability Market Competition by Manufacturers

3.1 Global Food Traceability Production and Share by Manufacturers (2016-2021)

3.2 Global Food Traceability Revenue and Share by Manufacturers (2016-2021)

3.3 Global Food Traceability Average Price by Manufacturers (2016-2021)

3.4 Manufacturers Food Traceability Manufacturing Base Distribution, Production Area, and Product Type

3.5 Food Traceability Market Competitive Situation and Trends

3.5.1 Food Traceability Market Concentration Rate

3.5.2 Food Traceability Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Food Traceability Production, Revenue (Value) by Region (2016-2021)

4.1 Global Food Traceability Production by Region (2016-2021)

4.2 Global Food Traceability Production Market Share by Region (2016-2021)

4.3 Global Food Traceability Revenue (Value) and Market Share by Region (2016-2021)

4.4 Global Food Traceability Production, Revenue, Price, and Gross Margin (2016-2021)

4.5 North America Food Traceability Production, Revenue, Price, and Gross Margin (2016-2021)

4.6 Europe Food Traceability Production, Revenue, Price and Gross Margin (2016-2021)

4.7 China Food Traceability Production, Revenue, Price and Gross Margin (2016-2021)

4.8 Japan Food Traceability Production, Revenue, Price and Gross Margin (2016-2021)

4.9 Southeast Asia Food Traceability Production, Revenue, Price, and Gross Margin (2016-2021)

4.10 India Food Traceability Production, Revenue, Price and Gross Margin (2016-2021)

Chapter 5 Global Food Traceability Supply (Production), Consumption, Export, Import by Regions (2016-2021)

5.1 Global Food Traceability Consumption by Regions (2016-2021)

5.2 North America Food Traceability Production, Consumption, Export, Import by Regions (2016-2021)

5.3 Europe Food Traceability Production, Consumption, Export, Import by Regions (2016-2021)

5.4 China Food Traceability Production, Consumption, Export, Import by Regions (2016-2021)

5.5 Japan Food Traceability Production, Consumption, Export, Import by Regions (2016-2021)

5.6 Southeast Asia Food Traceability Production, Consumption, Export, Import by Regions (2016-2021)

5.7 India Food Traceability Production, Consumption, Export, Import by Regions (2016-2021)

Chapter 6 Global Food Traceability Production, Revenue (Value), Price Trend by Type

6.1 Global Food Traceability Production and Market Share by Type (2016-2021)

6.2 Global Food Traceability Revenue and Market Share by Type (2016-2021)

6.3 Global Food Traceability Price by Type (2016-2021)

6.4 Global Food Traceability Production Growth by Type (2016-2021)

Chapter 7 Global Food Traceability Market Analysis by Application

7.1 Global Food Traceability Consumption and Market Share by Application (2016-2021)

7.2 Global Food Traceability Consumption Growth Rate by Application (2016-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Food Traceability Manufacturing Cost Analysis

8.1 Food Traceability Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Food Traceability

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Food Traceability Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Food Traceability Major Manufacturers in 2022

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Food Traceability Market Forecast (2022 - 2026)

12.1 Global Food Traceability Production, Revenue Forecast (2022 - 2026)

12.2 Global Food Traceability Production, Consumption Forecast by Regions (2022 - 2026)

12.3 Global Food Traceability Production Forecast by Type (2022 - 2026)

12.4 Global Food Traceability Consumption Forecast by Application (2022 - 2026)

12.5 Food Traceability Price Forecast (2021-2027)

Chapter 13 Appendix