openPR Logo
Press release

Food Traceability Market to be Worth $40.05 Billion by 2031

01-25-2024 03:52 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

Meticulous Research®- leading global market research company, published a research report titled 'Food Traceability Market by Technology (Barcode, Infrared, GPS, RFID, Biometrics), Software Type (ERP, Laboratory Information Systems, Friction Welding), and Application (Meat, Poultry and Seafood; Fresh Food, Dairy, Beverages) - Global Forecast to 2031.'

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5754

According to this latest publication from Meticulous Research®, the food traceability market is projected to reach $40.05 billion by 2031, at a CAGR of 9.3% during the forecast period 2024-2031. The growth of this market is being propelled by factors such as the rising prevalence of foodborne diseases and food adulteration incidents worldwide, technological advancements and increasing digitization in the food industry, stringent food safety & traceability regulations and standards established by government bodies and international organizations, and increasing product recalls due to food contamination. However, the lack of infrastructure to support food traceability in emerging countries and various data privacy issues related to food traceability are restraining the growth of this market. Moreover, the rise in food transparency is expected to generate significant growth opportunities for the stakeholders in this market. However, the lack of standardization and harmonization in food traceability systems is a major challenge impacting market growth.

Key Players

Some of the key players operating in the food traceability market are Bio-Rad Laboratories, Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), Cognex Corporation (U.S.), Damselfly Solutions Inc. (U.S.), Food Forensics Limited (U.K.), FoodLogiQ, LLC (U.S.), Honeywell International Inc. (U.S.), MASS Group, Inc. (U.S.), Merit-Trax Technologies (Canada), OPTEL GROUP (Canada), SGS SA (Switzerland), VISIOTT Technologie GmbH (Germany), and Zebra Technologies Corporation (U.S.).

Browse in depth @ https://www.meticulousresearch.com/product/food-traceability-market-5754

The food traceability market is segmented based on technology (barcode, infrared, Global Positioning System [GPS], Radio-Frequency Identification [RFID], biometrics, and other technologies), software type (Enterprise Resource Planning [ERP], warehouse software, laboratory information systems, friction welding, and other software types), application (fresh food produce; meat, poultry, and seafood products; dairy products, beverages, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on technology, the Radio-Frequency Identification (RFID) segment is projected to register the highest CAGR during the forecast period. The segment's high growth is driven by the benefits of RFID technology, such as providing real-time data tracking capabilities (including temperature and location data) and a comprehensive view of the entire supply chain, which can help improve food safety and quality.

Speck to our analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5754

Based on software type, the Enterprise Resource Planning (ERP) segment is expected to account for the largest share of the food traceability market in 2024. ERP systems provide real-time data and analytics, which can help food companies make better business decisions. ERP software offers end-to-end integration across various business functions, including sourcing modules, inventory management, product development & production planning, quality control, compliance, and distribution. ERP software improves supply chain management, customer service, and compliance. These factors contribute to the segment's large share.

Based on application, the fresh food produce segment is expected to account for the largest share of the food traceability market in 2024. The segment's large share is mainly attributed to population growth, rising awareness regarding the ill effects of meat consumption, consumers' increasing preference for fresh produce, and the wide use of food traceability systems in the fresh produce segment due to the perishable nature of products. Thus, the perishable nature of fresh food products and increasing consumer demand for fresh produce are driving the adoption of food traceability solutions, boosting the growth of this segment.

Based on geography, the food traceability market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to record the highest CAGR during the forecast period due to high population growth and the rising prevalence of foodborne diseases in the region, rapid urbanization, stringent food safety & traceability regulations, changing consumer preferences, and the region's increasing importance in the global food supply chain. The increasing demand for sustainable food and beverage products is also expected to boost the adoption of food traceability systems and solutions in this region.

Request Free Research Report Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=5754

About Us:

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Food Traceability Market to be Worth $40.05 Billion by 2031 here

News-ID: 3363323 • Views:

More Releases from Meticulous Research®

Direct Air Capture Market: Transforming Carbon Removal for a Net-Zero Future
Direct Air Capture Market: Transforming Carbon Removal for a Net-Zero Future
Introduction The global Direct Air Capture (DAC) market has entered a period of rapid transformation as nations, industries, and corporations intensify their efforts to achieve net-zero emissions. Valued at $136.5 million in 2024, the market is projected to grow significantly, reaching approximately $6.93 billion by 2035. This expansion, driven by a remarkable compound annual growth rate (CAGR) of 43.3% between 2025 and 2035, highlights the growing importance of DAC technologies in
European Direct-to-Consumer Genetic Testing Market Outlook 2025-2035
European Direct-to-Consumer Genetic Testing Market Outlook 2025-2035
Introduction The European direct-to-consumer (DTC) genetic testing market is expanding at a remarkable pace, reflecting rising consumer interest in personalized healthcare and genetic insights. Valued at $464 million in 2025, the market is projected to grow at a compound annual growth rate (CAGR) of 23.3%, reaching nearly $3.78 billion by 2035. This growth underscores how advances in genomic sequencing, combined with increasing health awareness, are reshaping the healthcare and wellness landscape
Peer-to-Peer Energy Trading Platforms Market Outlook 2025-2035
Peer-to-Peer Energy Trading Platforms Market Outlook 2025-2035
Introduction The global peer-to-peer (P2P) energy trading platforms market is undergoing rapid transformation as new technologies reshape how energy is generated, distributed, and traded. Valued at $138 million in 2024, the market is projected to grow significantly, reaching nearly $2.34 billion by 2035. This growth, at a compound annual growth rate (CAGR) of 29.7% from 2025 to 2035, highlights the increasing adoption of decentralized energy solutions and digital platforms that empower
Dermoscopy and Skin Visualization Devices Market Outlook to 2035
Dermoscopy and Skin Visualization Devices Market Outlook to 2035
Introduction The global dermoscopy and skin visualization devices market is entering a phase of rapid transformation, driven by the increasing need for early detection of skin conditions and the rising incidence of skin cancer worldwide. Valued at $1.33 billion in 2024, the market is expected to reach nearly $3.3 billion by 2035, expanding from an estimated $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.7% during the

All 5 Releases


More Releases for ERP

Healthcare ERP Market - Simplify, Optimize, Excel: Empowering Healthcare with ER …
Newark, New Castle, USA: The "Healthcare ERP Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Healthcare ERP Market: https://www.growthplusreports.com/report/healthcare-erp-market/8453 This latest report researches the industry structure, sales, revenue,
Chemical Manufacturing Software Market to Witness Huge Growth by Key Players: Fi …
ReportsnReports publishes the report titled Chemical Manufacturing Software that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like
ERP Integration with Big Data to Fuel ERP Market's Growth
Triton Market Research presents the Global Enterprise Resource Planning Market report segmented by Application (Supply Chain, Inventory Management, Finance, Customer Management, Human Resource (HR), Manufacturing Module, Other Applications), Enterprise Size (Small Enterprises, Large Enterprises, Medium Enterprises), Verticals (IT and Telecom, Retail, Banking, Financial Services, & Insurance (BFSI), Manufacturing, Military and Defense, Government, Healthcare, Other Verticals), and by Geography (Europe, Middle East and Africa, Latin America, Asia-Pacific, North America). The report
Apparel Business Management and ERP Software Market Outlook-by Major Company- Bl …
Summary According to our study, over the next 5 years the Apparel Business Management and ERP Software market will register a xx% CAGR in terms of revenue, the global market size will reach xx Million USD by 2026, from xx Million USD in 2020. In particular, It should be noted that the impact of the epidemic has accelerated the trend of localization, regionalization and decentralization of the global industrial chain and
Best ERP Software in India | Cloud Based ERP Software in India
ERP software systems are the best software systems that prove to be of great help in operations planning, administration and to optimize Internal Business Processes, Comprising of Manufacturing, Supply Chain, Finance, CRM, Human Resources as well as warehouse management. With the help of these solutions, a typical ERP software integrates the data and processes of an organization into a single unified system. Tech Cloud ERP Software Solutions offer the best ERP
Manufacturing ERP Market Outlook to 2025 - Oracle Corporation, SAP SE, Netsuite, …
An exclusive Manufacturing ERP Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Manufacturing ERP Market by Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report