Food Traceability Market by Solutions (Batch & Variance Costing Management, Food Quality & Safety Management Systems, Formula Management), Technology (Barcodes, Biometrics, Global Positioning System), Application, Organization Size, Deployment, End User -

Food Traceability Market by Solutions (Batch & Variance Costing Management, Food Quality & Safety Management Systems, Formula Management), Technology (Barcodes, Biometrics, Global Positioning System), Application, Organization Size, Deployment, End User - Global Forecast 2024-2030

The Food Traceability Market size was estimated at USD 18.58 billion in 2023 and expected to reach USD 20.28 billion in 2024, at a CAGR 9.27% to reach USD 34.59 billion by 2030.

Food traceability tracks food ingredients and end-products from their source to the point of sale. It helps to ensure that food products have been produced and handled responsibly, safely, and legally. The technology can also help to reduce food waste by providing accountability and transparency in the food supply chain. Traceability is important for consumer safety as it can help identify any potential problems associated with a product before reaching consumers. Additionally, it aids in identifying the source of contaminated products quickly, alerting authorities to take necessary action for mitigating risks, such as product recalls. Traceability assists with compliance with relevant health and safety regulations by providing an audit trail for regulatory bodies to track compliance. Over the years, consumers have been interested in understanding the food industry's production procedures and supply chain transparency, encouraging the end-user adoption of food traceability solutions. Various Governments worldwide have also introduced several initiatives encouraging the adoption of traceability and tracking systems in the food sectors. However, high implementation costs associated with adopting food traceability technology and their potential security risks impede product penetration. Players are constantly working on introducing blockchain and IoT-based products with an improved focus on the security of food traceability products, creating opportunities for market growth.

Regional Insights



The food traceability market in the Americas is growing, driven by increasing commercial interest in the food sector and regulatory requirements regarding food safety. End-users across the region are partnering with the market players to deploy traceability solutions to proactively control their safety and quality standards while reducing costs associated with recalls. Regulatory requirements for food traceability have increased in recent years across all regions due to greater public awareness of safety and health concerns related to contaminated foods. Increasing focus on the European food industry is observed to leverage this technology within the food supply chain to reduce fraud and other risks associated with adulteration. Thus, regional players are offering cloud-based solutions and supply chain analytics to improve visibility across the entire food production process. The food traceability market in Asia-Pacific is developing, owing to large-scale industries implementing tracing solutions as a part of their digitalization strategy. Traders are incorporating traceability systems for certain food products as Asia emerges as a major export region. Moreover, recent surveys have demonstrated increased demand from Asian consumers for certification labels such as organic certification or global good agricultural practices (GAP) certification. This has encouraged the region's food industry to establish its food products' safety, quality, and certification through technology-enabled traceability systems.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Food Traceability Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Consumer demand in understanding production and sourcing in the food industry
Government initiatives and programs to promote food traceability
Effective use of food traceability in minimizing product recalls

Market Restraints


High implementation costs and interoperability issues in food traceability

Market Opportunities


Technological advancements in food traceability with AI & blockchain
Rise of food traceability as a factor of sustainable consumption

Market Challenges


Security issues in food traceability technologies and solutions

Market Segmentation Analysis


Technology: Advancements in Food Traceability Explores the Integration of Barcodes, Biometrics, GPS, Infrared, and RFID Technologies
Application: Crucial Role of Traceability Systems in the Food Supply Chain Enhancing Food Safety and Sustainability

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Food Traceability Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis



The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Food Traceability Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




​​LSG Sky Chefs Partners with iFoodDS for Enhanced Food Traceability and Safety Compliance

LSG Sky Chefs has embarked on a partnership with iFoodDS, leveraging the iFoodDS Trace Exchange alongside IBM Food Trust solution for a robust traceability initiative. This partnership is in response to the stringent demands of the U.S. FDA’s FSMA 204 Food Traceability Rule, aiming to navigate the complexities inherent in airline catering supply chains. This partnership marks a significant step towards establishing a traceable, safe, and reliable food supply, reinforcing LSG Sky Chefs' dedication to regulatory adherence and operational integrity.


SpartanNash Enhances Food Safety and Transparency Through Strategic Partnership with ReposiTrak

SpartanNash, announced its collaboration with ReposiTrak, aiming to pioneer a traceability program. This program mandates hundreds of suppliers, particularly those dealing with the U.S. Food and Drug Administration's Food Traceability List, to divulge traceability data, ensuring a safer, more transparent supply chain.


iFoodDS and IBM Unveil Advanced Traceability Solution to Meet FDA's FSMA 204 Mandates

iFoodDS and IBM have unveiled a pioneering traceability solution designed to ensure compliance with the FDA's Food Traceability Rule under FSMA 204(d). This initiative merges iFoodDS's deep-rooted expertise in food traceability software with IBM's technological prowess in enterprise scalability and interoperability, encapsulated through the innovative iFoodDS Trace Exchange integrated with IBM Food Trust.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Food Traceability Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles



The report delves into recent significant developments in the Food Traceability Market, highlighting leading vendors and their innovative profiles. These include Ashton Potter (USA) Ltd., Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide, Inc., Caddy Food Safety Management, Carlisle Technology Inc., Cognex Corporation, Compliance by MAPAL, Covectra, Inc., Farmsoft, FoodDocs, FoodLogiQ by Trustwell, International Business Machines Corporation, Invafresh Systems Corp., Logitrack Solutions Inc., Mass Group Inc., Merit-Trax Technologies Inc., Mettler Toledo, Minotaur Software by CAI Software, LLC, Optel Group, Paragon Data Systems, Inc. by Intapp, Inc., ParityFactory, Picarro Inc., Produce Pro Software by Aptean, Safefood 360, SafetyChain Software, Inc., SGS SA, TraceGains, TraceX Technologies Pvt. Ltd., Wherefour, Inc., and Zebra Technologies Corporation.

Market Segmentation & Coverage



This research report categorizes the Food Traceability Market to forecast the revenues and analyze trends in each of the following sub-markets:

Solutions
Batch & Variance Costing Management
Food Quality & Safety Management Systems
Formula Management
Inventory Control Management
Transportation & Logistics
Technology
Barcodes
Biometrics
Global Positioning System
Infrared
Radio-Frequency Identification
Application
Beverage Products
Dairy Products
Fresh Food Products
Meat & Poultry Products
Seafood Products
Organization Size
Medium & Large Sized
Small
Deployment
On-Cloud
On-Premise
End User
Food Manufacturers
Food Retailers
Food Warehouses & Pack Farms
Government Departments
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year