The global food traceability market size was US$ 14.5 billion in 2021. The global food traceability market is forecast to grow to US$ 28.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Food traceability is a device used to detect the potential harm associated with food and food-producing animals. The device is used to ensure food safety. Thus, the important applications of the device are likely to fuel the growth of the global food traceability market.

Food traceability is highly used to avoid the transmission of disease from animals to humans. It is also used to detect the presence of chemicals and control it above fixed limits. As a result, it will surge the growth of the food traceability market.

Rising urbanization and growing demand for food products will accelerate the growth of the global food traceability market.

Growing partnerships and launches in the industry will escalate the growth of the global food traceability market. For instance, in April 2018, Cognex Corporation unveiled the DataMan 470 series of fixed-mount barcode readers. It aims to offer the fastest and most powerful reader. In addition, in October 2016, Zebra Technologies Corporation inked a partnership with Bosch Connected Devices and Solutions and ARM. This deal aims to offer a next-generation food safety solution to consumers.

High costs associated with food traceability technology may limit the growth of the market. On the contrary, the surging rate of food retailers, food manufacturers, and warehouses will benefit the market during the study period.

COVID-19 Impact Analysis

The onset of the pandemic surged the demand for foods products. Thus, the global food traceability market witnessed a mild impact, majorly during the initial phase. The demand for efficient, high-quality food items remained the same throughout the COVID-19 pandemic. In addition, the contribution of NGOs and governments further amplified the growth of the global food traceability market.

Regional Analysis

The Asia-Pacific food traceability market is forecast to grow at the highest growth rate. It is due to the growing demand for food traceability technology in emerging economies like China and India. In addition, a growing number of food retailers, food manufacturers, and warehouse/pack farms will contribute to the growth of the market. QR codes on food items also help retailers ensure the high nutritional content in the food. Moreover, stringent regulations by government bodies will surge the growth of the regional market during the study period.

Competitors in the Market

Bio-Rad Laboratories, Inc.
Cognex Corporation
CH Robinson Worldwide Inc.
Motorola Solutions, Inc.
Honeywell International Inc.
SGS SA
Zebra Technologies Corporation
MASS Group Inc.
International Business Machines Corporation
E. I. Du Pont de Nemours and Company (DuPont)
Other Prominent Players
Market Segmentation

The global food traceability market segmentation focuses on Equipment, Technology, Application, End-Users, and Region.

By Equipment Outlook

PDA with GPS
Thermal Printers
2D & 1D Scanners
Tags & Labels
Sensors
Others
By Technology Outlook

RFID/RTLS
GPS
Barcode
Infrared
Biometrics
By Application Outlook

Meat & Livestock
Fresh Produce & Seeds
Dairy
Beverages
Fisheries
Others
By End-Users Outlook

Food Manufacturers
Warehouse/Pack Farms
Food Retailers
Defense & Security Departments
Other Government Departments
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America