Food Traceability Market Forecast Shows Accelerated Adoption in North America and Asia Pacific Regions

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Food Traceability Market- by Product (RFID, Barcodes, Infrared, Biometrics, and other Products), Applications (Dairy Products, Meat, Poultry, and Seafood, Beverages, Fresh Produce, and others (grains, seeds, nuts)), End-Users (Food Manufacturers, Food Retailers, Government Department Meat, Poultry, and Seafood, Warehouses, and others (Defence and Security Departments, Farmers, Non-Profit Organizations, and Cooperative Organization)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

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According to the latest research by InsightAce Analytic, the global Food Traceability market is valued at USD 22.10 Billion in 2024, and it is expected to reach USD 63.97 Billion by the year 2034, with a CAGR of 11.3% during a forecast period of 2025-2034.

In the food industry, traceability refers to the systematic ability to track and authenticate each stage of the food supply chain, from initial production through processing and distribution to the final point of sale. These systems are particularly vital in the context of international trade, where food products often comprise multiple ingredients sourced from diverse suppliers and regions. Food traceability solutions enable stakeholders to monitor the movement of goods intended for human consumption, ensuring that safety and quality standards are maintained throughout the supply chain. Given the intricate nature of global food production and logistics, many organizations consider traceability technologies essential for safeguarding food integrity and minimizing public health risks. These systems enhance transparency, facilitate timely interventions, and help ensure the delivery of fresher, safer food to end consumers.

A key factor fueling the expansion of the food traceability market is growing consumer awareness and concern regarding food safety. The increasing prevalence of foodborne illnesses, coupled with incidents of product adulteration, is prompting greater demand for robust traceability mechanisms. Furthermore, intensified regulatory efforts to strengthen food safety infrastructure, along with the introduction of supportive policies and legislation, are expected to drive market growth. The rise in product recalls and contamination cases has underscored the critical role of traceability in early detection and response. Advancements in technology, together with government initiatives promoting the adoption of traceability systems, are anticipated to offer significant opportunities for industry stakeholders. Regulatory compliance, certification requirements, and global standardization are serving as additional catalysts for market development, as both emerging and established economies strive to align with international food safety protocols.

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The Asia Pacific is anticipated to be the major contributor to the Food Traceability market over the forecast years. Customers are seeking out high-quality, safe food to eat because of the region's huge population and purchasing power. The population's changing eating habits as a result of growing awareness of nutritious foods and beverages is also driving up demand for food traceability services. In addition, the North America Food Traceability market is expected to grow significantly during the forecast period. Government mandates for the analysis and purification of food industry components have increased the demand for food traceability systems in the region, which has in turn, fueled the growth and traction of the region's food traceability market.

Major market players operating in the Food Traceability market include
Honeywell International Inc, C.H. Robinson Inc, DuPont Nutrition and Biosciences, Intertek Group, Cognex Corporation, Bio-Rad Laboratories, IdentiGEN, IBM Corporation, MASS Group, Zebra Technologies, SGS SA, HarvestMark, Merit-Trax Technologies, Infor, Optel Group, Thermo Fisher Scientific, FoodLogiQ, and Other Prominent Players

Recent collaborations and agreements in the market:
• In February 2021, the platform operations of Fusionware were acquired by AgTech.io, LLC, a company owned and run by C9 Capital, LLC. Fusionware is the system that ties everything together to provide consumers and growers in their nation with thorough traceability.
• In December 2020, US company Honeywell bought Rebellion Photonics (US). In the oil and gas, petrochemical, and power industries, Rebellion Photonics offers cutting-edge, intelligent, visual gas monitoring solutions that maximize safety, operational performance, emissions reduction, and compliance.
• In September 2020, Bio-Rad Laboratories purchased Celsee, Inc. (US), a provider of equipment and supplies for the isolation, detection, and analysis of single cells. The Genesis System allows researchers to acquire cell-based data as well as isolate, examine, and analyze cellular behaviour.

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Market Segments
Global Food Traceability Market, by Product, 2022-2030 (Value US$ Mn)
• RFID
• Barcodes
• Infrared
• Biometrics
• Other Products
Global Food Traceability Market, by Application, 2022-2030 (Value US$ Mn)
• Dairy Products
• Meat, Poultry, and Seafood
• Beverages
• Fresh Produce
• Others (grains, seeds, nuts
Global Food Traceability Market, by End-Users, 2022-2030 (Value US$ Mn)
• Food Manufacturers
• Food Retailers
• Government Department
• Warehouses
• Others (Defence and Security Departments, Farmers, Non-Profit
• Organizations, and Cooperative Organization)
Global Food Traceability Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Food Traceability Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Food Traceability Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Food Traceability Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Food Traceability Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Food Traceability Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Food Traceability market
 To receive an industry overview and future trends of the Food Traceability market
 To analyze the Food Traceability market drivers and challenges
 To get information on the Food Traceability market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Food Traceability market industry

Read Overview Report- https://www.insightaceanalytic.com/report/global-food-traceability-market/1030

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This release was published on openPR.