The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the food traceability market’s growth in recent years?
The growing cases of foodborne diseases and food adulteration are expected to propel the growth of the food traceability market going forward. Foodborne illnesses and adulteration refer to infections caused by contaminated food, often due to harmful pathogens. In contrast, food adulteration involves adding inferior or toxic substances to deceive consumers, compromise quality and safety and pose health risks. Norovirus and typhoid are a few examples of foodborne diseases. Consumers are seeking safer and more genuine products and they depend on food traceability to find the sources of contamination, assure correct handling and increase supply chain transparency. For instance, in January 2023, according to the Philippines Department of Health, a Philippine-based government department responsible for public health, 15,092 typhoid fever cases were reported in 2022, a 162% increase compared to 5,758 in 2021. Therefore, the growing cases of foodborne diseases and food adulteration will drive the food traceability market.
Food Traceability Market Driver: Rising Demand For Sustainable Food Boost The Market Growth
The increasing demand for sustainable food is expected to drive the food traceability market going forward. Sustainable food refers to food production, distribution, and consumption that is safe and healthy. It is produced without the use of toxic pesticides and chemicals, non-essential antibiotics, or growth promotion supplements. Food traceability plays a crucial role in promoting sustainable food production by providing consumers with information about the environmental and social impacts associated with their food choices. For instance, in April 2023, NYU Stern, a US-based private research university, sustainability-marketed products continue to grow at 17% in 2021, which rose to 17.3% in 2022. Thus, the increasing demand for sustainable food enhance the food traceability market.
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How does the future projection of the food traceability market size compare to its historical growth?
The food traceability market size has grown rapidly in recent years. It will grow from $23.3 billion in 2024 to $25.74 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to consumer demand for transparency, globalization of food supply, foodborne illness outbreaks, IOT and sensors.
The food traceability market size is expected to see rapid growth in the next few years. It will grow to $39.17 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to blockchain adoption, global traceability platforms, circular economy integration, consumer engagement. Major trends in the forecast period include real-time traceability, artificial intelligence (AI) and machine learning (ML), advancements in technology.
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Which key players are shaping the future of the food traceability market?
Major companies operating in the food traceability market are Carrefour Group, International Business Machines Corp., Oracle Systems Corporation, Honeywell International Inc., C.H. Robinson Worldwide Inc., Motorola Solutions Inc., Avery Dennison Corporation, SGS SA, Carlisle Companies Inc., Zebra Technologies Corp., Bio-Rad Laboratories Inc., Cognex Corporation, ANTARES VISION S.p.A., The Riverside Co. (FoodLogiQ), OPTEL GROUP, SMAG, iTradeNetwork Inc., Rfxcel Corporation, TrusTrace (Swin Technologies AB), SourceTrace Systems India Pvt Ltd., Merit-Trax Technologies Inc., Bext360 Holdings Inc., Mass Group Inc., Traceall Global Ltd., Bar Code Integrators Inc., Covectra Inc., TE-FOOD International GmbH, Damselfly Solutions Inc., HeavyConnect, Minespider AG.
What trends will propel the growth and evolution of the food traceability market?
Major companies operating in the food traceability market are adopting blockchain technologies to address several challenges and gain a competitive edge in the market. Blockchain technologies are extensively used in food traceability to enhance transparency and safety in the food supply chain. For instance, in May 2023, OVO Farm Pvt. Ltd., an India-based producer of eggs and egg products, launched unique blockchain technology that enables traceability of their eggs at every level of the supply chain, from the farm to the final consumer. OVO Farm, through its main brand Kenko, provides high-quality, fresh and hygienic eggs, the authenticity of which can be verified by scanning the QR code included on each product. Through this blockchain technology, it makes sure the appropriate products reach the clients and guarantees quality.
Which regions are expected to become dominant players in the food traceability market?
North America was the largest region in the food traceability market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in food traceability market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the food traceability market, and how are they evolving?
The food traceability market covered in this report is segmented –
1) By Technology: Radio-Frequency Identification, Barcodes, Infrared, Biometrics, Global Positioning System
2) By Software: Enterprise Resource Planning (ERP), Friction Welding, Laboratory Information Management Software (LIMS), Warehouse Software, Other Types
3) By Application: Fresh Food Produce, Meat, Poultry And Seafood Products, Dairy Products, Beverage Products, Other Applications
Subsegments:
1) By Radio-Frequency Identification (RFID): Active RFID, Passive RFID, Semi-passive RFID
2) By Barcodes: 1D Barcodes, 2D Barcodes, QR Codes
3) By Infrared: Infrared Sensors, Infrared Thermography
4) By Biometrics: Fingerprint Recognition, Iris Recognition, Facial Recognition
5) By Global Positioning System (GPS): GPS Tracking Devices, GPS-Based Location Services
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How is the food traceability market defined, and what are its core characteristics?
Food traceability refers to the ability to track and trace the movement of food products and their ingredients through all production, processing and distribution stages in the supply chain. It involves recording and maintaining detailed information about food items’ origin, processing, handling and distribution from their source to the final consumer. It aids in promptly identifying and resolving problems concerning the quality, authenticity and safety of food.
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