Press release
Food Traceability Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Food Traceability Market Size
The food traceability market will grow from $23.3 billion in 2024 to $25.74 billion in 2025, with a CAGR of 10.4%. The growth is attributed to consumer demand for transparency, foodborne illness outbreaks, the rise of IoT and sensors, and the globalization of the food supply.
The food traceability market is expected to grow to $39.17 billion by 2029 at a CAGR of 11.1%. Growth is driven by blockchain adoption, global traceability platforms, circular economy integration, and consumer engagement. Trends include real-time traceability, AI and machine learning, and technological advancements.
What Are the Primary Growth Drivers for the Food Traceability Market?
Likewise, the growing concerns over foodborne diseases and adulteration are expected to boost the food traceability market. Increased reports of typhoid and other foodborne diseases are driving consumer demand for traceability solutions that ensure food safety and transparency across the supply chain.
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Who Are the Dominant Companies Influencing Food Traceability Market Trends?
Major companies operating in the food traceability market are Carrefour Group, International Business Machines Corp., Oracle Systems Corporation, Honeywell International Inc., C.H. Robinson Worldwide Inc., Motorola Solutions Inc., Avery Dennison Corporation, SGS SA, Carlisle Companies Inc., Zebra Technologies Corp., Bio-Rad Laboratories Inc., Cognex Corporation, ANTARES VISION S.p.A., The Riverside Co. (FoodLogiQ), OPTEL GROUP, SMAG, iTradeNetwork Inc., Rfxcel Corporation, TrusTrace (Swin Technologies AB), SourceTrace Systems India Pvt Ltd., Merit-Trax Technologies Inc., Bext360 Holdings Inc., Mass Group Inc., Traceall Global Ltd., Bar Code Integrators Inc., Covectra Inc., TE-FOOD International GmbH, Damselfly Solutions Inc., HeavyConnect, Minespider AG.
How Is the Food Traceability Market Evolving?
In the food traceability market, major companies are adopting blockchain technologies to improve transparency and safety in the food supply chain. For example, in May 2023, OVO Farm Pvt. Ltd., an India-based egg producer, implemented blockchain technology to enable traceability of its eggs from farm to consumer. Customers can verify the authenticity of the eggs through a QR code, ensuring product quality and safety.
What Are the Different Segmentations in the Food Traceability Market?
The food traceability market covered in this report is segmented -
1) By Technology: Radio-Frequency Identification, Barcodes, Infrared, Biometrics, Global Positioning System
2) By Software: Enterprise Resource Planning (ERP), Friction Welding, Laboratory Information Management Software (LIMS), Warehouse Software, Other Types
3) By Application: Fresh Food Produce, Meat, Poultry And Seafood Products, Dairy Products, Beverage Products, Other Applications
Subsegments:
1) By Radio-Frequency Identification (RFID): Active RFID, Passive RFID, Semi-passive RFID
2) By Barcodes: 1D Barcodes, 2D Barcodes, QR Codes
3) By Infrared: Infrared Sensors, Infrared Thermography
4) By Biometrics: Fingerprint Recognition, Iris Recognition, Facial Recognition
5) By Global Positioning System (GPS): GPS Tracking Devices, GPS-Based Location Services
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Which Region Is at the Forefront of the Food Traceability Market?
North America was the largest region in the food traceability market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in food traceability market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Food Traceability Global Market Report?
- Market Size Analysis: Analyze the Food Traceability Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Food Traceability Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Food Traceability Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Food Traceability Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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