Global Food Traceability Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food Traceability Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The food traceability software enables the final user to examine, track, and, accumulate information related to food products. The end user utilizes the software to retain well-documented records of every food orders and their origins by keeping health and safety requirements. Track product ingredients, connect inventory and source of data, and shaping health and safety standards are the features of food traceability software.

Market Overview:

The latest research study on the global Food Traceability Software market finds that the global Food Traceability Software market reached a value of USD 186.2 million in 2022. It’s expected that the market will achieve USD 277.26 million by 2028, exhibiting a CAGR of 6.86% during the forecast period.

Assessment of the Overall Impact of COVID-19 on the Industry

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency.
COVID-19 is, first and foremost, a global humanitarian challenge. Thousands of health professionals are heroically battling the virus, putting their own lives at risk. Governments and industry are working together to understand and address the challenge, support victims and their families and communities, and search for treatments and a vaccine.

In addition to the direct damage, it does to human health, COVID-19 is sure to have an enormous economic impact. Rising prevalence of diseases and the outbreak of viruses have obligated food corporations to not compromise on food safety which has increased the demand for the software in the market. The Covid-19 pandemic is expected to positively influence the food traceability software market. Growing adoption among food retailers and distributors to assure consumers of the safety and quality of the food offered by them is contributing to the surge in demand for these solutions. The stringent government regulations have mandated the food corporations to deploy food traceability software.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

FoodLogiQ is one of the major players operating in the Food Traceability Software market, holding a share of 11.07% in 2021.

FoodLogiQ® LLC is the leading SaaS provider of traceability, food safety and supply chain transparency solutions.

Farmsoft delivers a suite of software for farming, fruit and vegetable processing, and food manufacturing. Concentrating on fruit, vegetable, loose leaf (salad, coleslaw, mixed salads), chili processing, plantation products such as dates, apples, pear, stone fruits, and flower industries. Users of farmsoft across the globe have a variety of business sizes from medium to large.

Segmentation Overview:

Among different product types, Cloud Based segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the SMEs segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Food Traceability Software market covered in Chapter 3:

ParityFactory
FoodLogiQ
CAI Software
Wherefour
LogiTrack Systems
TraceGains
SoftTrace
Minotaur Business System
JustFood
E Food-ERP
DEAR Systems
Chetu
FarmSoft
Blue Link

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Traceability Software market from 2018 to 2029 is primarily split into:

Cloud Based
Web Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Traceability Software market from 2018 to 2029 covers:

Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)