Global Food Traceability Market Growth 2023-2029

Global Food Traceability Market Growth 2023-2029

Food traceability is tracing any food, feed, food-producing animal or substance that will be used for consumption, through all stages of production, processing and distribution to identify and address risks and protect public health.

Food traceability is a way of responding to potential risks that can arise in food and feed, to ensure that all food products are safe for citizens to eat.

LPI (LP Information)' newest research report, the “Food Traceability Industry Forecast” looks at past sales and reviews total world Food Traceability sales in 2022, providing a comprehensive analysis by region and market sector of projected Food Traceability sales for 2023 through 2029. With Food Traceability sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Food Traceability industry.

This Insight Report provides a comprehensive analysis of the global Food Traceability landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Food Traceability portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Food Traceability market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Food Traceability and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Food Traceability.

The global Food Traceability market size is projected to grow from US$ 15830 million in 2022 to US$ 33500 million in 2029; it is expected to grow at a CAGR of 33500 from 2023 to 2029.

Europe is the largest Food Traceability market with about 42% market share. North America is follower, accounting for about 35% market share.

The key players are Honeywell, Intelex Technologies, SAP, Bcfooderp, Trimble, Food Decision Software, JustFoodERP, IBM, Intact, Mass Group etc. Top 3 companies occupied about 38% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Food Traceability market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Meat Traceability System

Vegetable and Fruit Traceability System

Milk Food Traceability System

Segmentation by application

Government Department

Food Suppliers

Retailers

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Honeywell

Intelex Technologies

SAP

Bcfooderp

Trimble

Food Decision Software

JustFoodERP

IBM

Intact

Mass Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Food Traceability market?

What factors are driving Food Traceability market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Food Traceability market opportunities vary by end market size?

How does Food Traceability break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.