Strong Growth Ahead: Food Traceability Market Size To Grow At Arecord 11.1% Cagr By 2029

The Food Traceability Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Food Traceability Market Size Expected to Be by 2034?
Over the past few years, there has been substantial growth in the size of the food traceability market. Forecasted figures show a leap from $23.3 billion in 2024 to $25.74 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 10.4%. A range of factors can explain the growth seen in the previous years, including consumer preference for transparency, the globalisation of food supply chains, occasions of foodborne illness, as well as advancements in Internet of Things (IoT) and sensor technologies.

The market size of food traceability is anticipated to undergo swift expansion in the forTH*Coming years. The market is set to reach $39.17 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.1%. The augmentation during the forecast period can be credited to the adoption of blockchain, the establishment of global traceability platforms, circular economy amalgamation, and consumer interaction. The forecast period will witness significant trends such as real-time traceability, the implementation of artificial intelligence (AI) and machine learning (ML), along with technological advancements.

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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Food Traceability Market Trends?
An escalation in foodborne disease cases and instances of food adulteration is predicted to fuel the expansion of the food traceability market. Contaminated food often causes foodborne illnesses and adulteration, typically due to harmful pathogens. In contrast, the term food adulteration applies to the deception of consumers by incorporating inferior or hazardous substances, which potentially jeopardizes safety, quality, and could lead to potential health hazards. Foodborne diseases such as Norovirus and typhoid are common. As consumers search for safer and more authentic products, dependence on food traceability is increasing to trace contamination sources, ensure suitable handling, and bring about more supply chain transparency. For example, the Philippines Department of Health, a Philippine government department with the mandate for public health, reported 15,092 typhoid fever cases in January 2023. This was a substantial 162% increase from the previous year's total of 5,758. As a result, the rise in foodborne disease cases and food adulteration is expected to propel the food traceability market. There's an anticipated surge in the food traceability market due in part to the growing demand for sustainable food. Sustainable food involves safe and healthy food production, distribution, and consumption. It's grown without using harmful pesticides, chemicals, non-essential antibiotics, or growth enhancers. By informing consumers of the environmental and social impacts associated with their choices, food traceability plays a vital part in promoting sustainable food production. For example, NYU Stern, a private research institute based in the US, reported sustainable product market continued to grow at 17% in 2021, which climbed to 17.3% in 2022. Therefore, the rising demand for sustainable food is set to further boost the food traceability market.

Who Are the Top Competitors in Key Food Traceability Market Segments?
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.

What Food Traceability Market Trends Are Gaining Traction Across Different Segments?
Prominent firms active in the food traceability market are turning to blockchain technologies to solve various obstacles and achieve a competitive advantage. Blockchain technologies play a significant role in food traceability, bolstering transparency and safety throughout the food supply chain. For example, OVO Farm Pvt. Ltd., a major Indian manufacturer of eggs and egg products, introduced a unique blockchain technology in May 2023 that enables tracking of its eggs at every point in the supply chain, from farm to final consumer. Under its primary brand, Kenko, OVO Farm delivers fresh, hygienic, and high-quality eggs whose authenticity can be confirmed by scanning the QR code on each product. This blockchain technology ensures the right products reach the customers and guarantees quality.

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Which Regions Are Becoming Hubs for Food Traceability Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food Traceability Market?
2. What is the CAGR expected in the Food Traceability Market?
3. What Are the Key Innovations Transforming the Food Traceability Industry?
4. Which Region Is Leading the Food Traceability Market?

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