Food Traceability Market Share, Size, Trends, Industry Analysis Report, By Technology (Radio-frequency Identification, Barcodes, Infrared, Biometrics, Global Positioning System); By Software; By Application; By Region; Segment Forecast, 2022 - 2029

Food Traceability Market Share, Size, Trends, Industry Analysis Report, By Technology (Radio-frequency Identification, Barcodes, Infrared, Biometrics, Global Positioning System); By Software; By Application; By Region; Segment Forecast, 2022 - 2029

The global food traceability market size is expected to reach USD 35.48 billion by 2029 according to a new study by Polaris Market Research. The report “Food Traceability Market Share, Size, Trends, Industry Analysis Report, By Technology (Radio-frequency Identification, Barcodes, Infrared, Biometrics, Global Positioning System); By Software; By Application; By Region; Segment Forecast, 2022 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The government legislation, certification, and legal standards are the major drivers of global food traceability industry growth. This is due to the fact that governments in both developed and developing countries are being required to follow meal safety laws and legislation, which supports market expansion even more. Any manufacturer’s principal purpose is to avoid contamination and supply safe, high-quality products to consumers, reducing recall costs. One out of every six people each year in the U.S. becomes ill due to tainted meals, as per the Centers for Disease Control and Prevention.