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Rising Foodborne Illnesses And Adulteration Concerns Fuel Growth In The Food Traceability Market: Strategic Insights Driving Food Traceability Market Momentum in 2025
Food Traceability
How Large Will the Food Traceability Market Size By 2025?
The size of the food traceability market has witnessed a swift expansion in the past few years. It is projected to increase from $23.3 billion in 2024 to $25.74 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. Factors contributing to growth during the historical period include demands from consumers for transparency, the globalisation of food supplies, occurrences of foodborne diseases, and the usage of IoT and sensors.
How Big Is the Food Traceability Market Size Expected to Grow by 2029?
In the forthcoming years, the food traceability market is anticipated to experience swift expansion. The market size is projected to scale up to $39.17 billion by 2029, progressing at a compound annual growth rate (CAGR) of 11.1%. This surge during the forecasting period can be linked to the adoption of blockchain, universal traceability platforms, incorporation of circular economy, and consumer engagement. Key trends during this projected period encompass real-time traceability, the application of artificial intelligence (AI) and machine learning (ML), and technological advancements.
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Which Key Market Drivers Powering Food Traceability Market Expansion and Growth?
The escalation in instances of foodborne diseases and food tampering is projected to accelerate the progression of the food traceability market. Contaminated food leading to infections due to harmful pathogens generally characterizes foodborne illnesses and adulteration. Conversely, food tampering manipulates consumer trust by inserting inferior or toxic substances that potentially jeopardize quality, safety, and health. Foodborne diseases, such as Norovirus and typhoid, are escalating the demand for safer, trustworthy products, leading consumers to rely on food traceability to identify contaminate sources, ensure appropriate handling, and promote supply chain transparency. As an example, the Philippine Department of Health, a Philippine-focused government entity that oversees public health, noted that 15,092 typhoid fever cases had been identified in 2022, a stark 162% descent from 5,758 in 2021 in January 2023. Consequently, the rising incidences of foodborne diseases and food tampering contribute to the growth of the food traceability market. Food Traceability Market Driver: Mounting Preference For Sustainable Food Elevates The Market Growth
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Which Fast-Growing Trends Are Poised to Disrupt the Food Traceability Market?
Leading corporations in the food traceability sector are turning to blockchain methodologies to overcome various obstacles and establish an upper hand in the market. Blockchain methodologies have found widespread utility in food traceability, enhancing the safety and openness in the food supply chain. For example, in May 2023, OVO Farm Pvt. Ltd., a firm specializing in egg and egg products manufacturing in India, introduced a distinctive blockchain technology to allow traceability of their eggs throughout the entire supply chain, from farm to end-user. Under their primary brand, Kenko, OVO Farm offers premium, fresh and sanitary eggs, the authenticity of which can be authenticated by scanning the QR code present on each product. This unique blockchain technology ensures the correct products are delivered to customers and quality is assured.
What Are the Emerging Segments 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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Who Are the Global Leaders in the Food Traceability Market?
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.
Which are the Top Profitable Regional Markets for the Food Traceability Industry?
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.
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