Food Traceability Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2022 to 2028)

The global food traceability market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2022-2028). The increase in food borne diseases across the globe is expected to cater to the market growth over the forecast. More complex foodborne disease outbreaks demand new technologies, greater transparency, which is expected to fuel the market growth. According to the World Health Organization (WHO), Unsafe food containing harmful bacteria, viruses, parasites, or chemical substances, causes more than 200 diseases – ranging from diarrhea to cancers. An estimated stated by WHO that 600 million – almost 1 in 10 people in the world – fall ill after eating contaminated food and 4,20,000 die every year. Children under 5 years of age carry 40% of the foodborne disease burden, with 125 000 deaths every year.

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Increasing numbers of ever more complex food-borne disease outbreaks are claiming lives, causing sickness, and threatening future health and economies. According to WHO, Countries must invest in technologies that trace food safety emergencies. They also must be transparent in sharing information on outbreaks to prevent its cross-border spread and the risk to health they pose. Moreover, INFOSAN is a global network of 190 national food safety authorities, managed jointly by WHO and FAO. The network supports governments in managing food safety risks, ensuring rapid sharing of information during food safety emergencies to stop the spread of contaminated food from one country to another.

However, the production and sale of food produced under fake or fraudulent labelling, including the ingredients they contain, which may hinder the market growth. In Addition, the expansion of new platforms (e-commerce) to purchase and deliver food poses new challenges for food safety, with mostly unregulated food distribution chains that complicate traceability is another factor which may hamper the growth of the market. 

Market Coverage

•                 The market number available for – 2021-2028

•                 Base year- 2021

•                 Forecast period- 2022-2028

Segment Covered- 

·                  By Technology Type

·                  By Software

·                  By Application

·                  By End-Users

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

•                 Competitive Landscape- including Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide Inc., Honeywell International Inc., and Food forensics Ltd., among others.

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Food Traceability Market Report Segment

By Technology Type

•                 RFID

•                 Barcodes 

•                 Infrared 

•                 Biometrics 

•                 GPS

By Software

•                 ERP

•                 LIMS

•                 Warehouse Software

•                 Friction Welding

•                 Others 

By Application

•                 Meat and Livestock

•                 Fresh Produce Seeds

•                 Dairy Products

•                 Beverages Products 

•                 Others

By End-Users

•                 Food Manufacturers

•                 Warehouse

•                 Food Retailers

•                 Others 

Food Traceability Market Report Segment by Region

North America                                                                                                                                                                            

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles 

•                 Abaco s.p.a

•                 Agrometrics Llc.

•                 Bext Holdings Inc.

•                 Carlise Companies Inc.

•                 Covectra Inc.

•                 Foodologiq 

•                 Food forensics Ltd.

•                 Bar Code Integrators, Inc. 

•                 Merit Trax Technologies, Inc.

•                 Rfxcel Traceability System 

•                 Safetraces Inc.

•                 SGS SA

•                 Zebra Technologies Corp.

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