Press release
Food Traceability Market Growth Driven by Rising Consumer Awareness and Technological Integration
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."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.
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In the food industry, traceability refers to the structured capability to monitor and verify each stage of the supply chain, from initial production through processing, distribution, and ultimately to the point of sale. This function is particularly critical in global trade, where products frequently incorporate ingredients sourced from multiple regions and suppliers. Traceability systems allow stakeholders to track the movement of food products, ensuring adherence to safety and quality standards throughout the supply chain.
Due to the complexity of international food production and logistics, many organizations regard traceability technologies as essential tools for maintaining product integrity, reducing public health risks, and enhancing consumer confidence. These systems promote transparency, enable rapid interventions, and support the delivery of safer and higher-quality products to end consumers.
The growth of the food traceability market is largely driven by increasing consumer awareness and concern over food safety. The prevalence of foodborne illnesses and incidents of product adulteration have heightened the demand for reliable traceability solutions. Additionally, strengthened regulatory frameworks, the introduction of supportive policies, and heightened enforcement of food safety standards are expected to further stimulate market expansion.
The rising frequency of product recalls and contamination events has emphasized the importance of traceability for early detection and mitigation. Technological advancements, coupled with governmental initiatives encouraging the implementation of traceability systems, present significant opportunities for industry participants. Compliance with regulations, certification requirements, and alignment with international standards serve as additional drivers, as both developing and established markets seek to uphold global food safety benchmarks.
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The Asia Pacific region is projected to emerge as a leading contributor to the Food Traceability market during the forecast period. Driven by a large population and rising consumer purchasing power, there is a growing demand for high-quality, safe food products. Shifts in dietary preferences, fueled by increasing awareness of nutritious foods and beverages, are further supporting the adoption of traceability solutions across the region.
Additionally, the Food Traceability market in North America is expected to experience notable growth over the forecast period. Government regulations mandating the monitoring, analysis, and quality assurance of food products have heightened the need for traceability systems, thereby reinforcing market expansion and driving adoption in the region.
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
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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info@insightaceanalytic.com
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