Author: Vikas Kumar
10 January 2023
Food traceability is the ability to follow the movement of a food product and its ingredients through all steps in the supply chain, both backward and forward. The rising demand for safe consumables along with the higher complexity of the supply chain of the food industry is attributed to the market growth of the food traceability market. Furthermore, the increasing incidences of food adulteration coupled with the increasing number of food-borne diseases are the main factors for the market growth of the food traceability market.
The food traceability market is expected to grow at a steady rate of around 10% owing to the rising cases of cancer diseases. Other factors such as increasing need for food safety, rising food contaminations and food adulterations, rising need for its applications in various fields such as packaging, logistics, retail, storage, and handling, legislative framework, and government certifications & standardizations are other driving factors of the market.
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Based on the technology type, the market has been categorized into radio-frequency identification, barcodes, infrared, biometrics, and global positioning system. Among them, the barcode segment is expected to have significant growth in the market. The bar codes are easy to use and do not require any training to use them. Furthermore, a large information can be stored inside the bar code and helpful in the easy management of the food product.
Based on the software, the market has been categorized into enterprise resource planning, friction welding, laboratory information management software, warehouse software, and others. Among them, the enterprise resource planning (ERP) segment is expected to have higher during the forecast period. An ERP allows food traceability and food tracking. It allows the user to track the manufacturing, provides information about the cost as well as helps organizations to analyze the cost of the product, and aids in managing manufacturing processes.
Based on the application, the market has been categorized into fresh food produce, meat, poultry & seafood products, dairy products, beverage products, and others. Among them, the fresh food produce category is expected to witness significant growth in the market during the forecast period. This is mainly due to the rising adoption of a healthy lifestyle increased demand for fresh fruits and vegetables. Furthermore, the increasing consumer focus on ethically produced goods is also another reason affecting the market growth of the segment.
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For a better understanding of the market adoption of the food traceability industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific is expected to experience the fastest growth in food traceability market due to the rising awareness about the importance of food quality among the population. Furthermore, the presence of a large population in the region supplemented by the increasing number of the food & beverage industry in the region are the important factors affecting the market size of the food traceability market in the region.
Some of the major players operating in the market include Honeywell International Inc, C.H. Robinson Inc, DuPont Nutrition and Biosciences, Bio-Rad Laboratories, IdentiGEN, IBM Corporation, Intertek Group, Cognex Corporation, MASS Group, and Zebra Technologies.
Global Food Traceability Market Segmentation
Market Insight, by Technology Type
• Radio-frequency identification
• Barcodes• Infrared• Biometrics• Global Positioning System
Market Insight, by Software
• Enterprise Resource Planning
• Friction Welding• Laboratory Information Management Software• Warehouse Software• Others
Market Insight, by Application
• Enterprise Resource Planning
• Friction Welding• Laboratory Information Management Software• Warehouse Software• Others
Market Insight, by Region
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