Food Traceability Market By Technology (RFID technology, GPS, Barcode, Infrared, and Biometric), By Application (Meat Product, Fresh Food Product, Dairy Product, Sea Food Product, and Others (Grains, Oilseed, And Coffee)), By End-User (Food Manufacturers, Warehouse Food Retailers, Government Departments, and Others (Non-Profit Organization, Animal Welfare Organization, and Cooperative Organization)), and By Region - Trends, Analysis and Forecast till 2034

Food Traceability Market was valued at USD 22.1 Billion in 2024 and is projected to grow at a CAGR of 6.10% to reach USD 37.9 Billion by 2034.

Food traceability market refers to the ability to track the movement of food products through the entire supply chain, from production to distribution and retail. It involves documenting and recording information about each stage of the food production process, including the origin of ingredients, processing methods, and transportation details.

Dividing this target market into segments:

Food Traceability Market is segmented based on Type, Application and Region.

Technology Insight

On the basis of Technology, the target market is segmented into RFID technology, GPS, Barcode, Infrared, and Biometric.

Application Insight

On the basis of Application, the target market is segmented into Meat Product, Fresh Food Product, Dairy Product, Sea Food Product, and Others (Grains, Oilseed, And Coffee).

End-User Insight

On the basis of End-User, the target market is segmented into Food Manufacturers, Warehouse Food Retailers, Government Departments, and Others (Non-Profit Organization, Animal Welfare Organization, and Cooperative Organization).

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Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding.

o   Stringent Regulatory Environment

o   Technological Innovation

o   Consumer Awareness

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period.

o   Rising Middle Class and Urbanization

o   Government Initiative

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032.

Few Other Promising Reports:

• Meat Ingredients Market
• Fish Oil Omega-3 Market

The key players operating the Food Traceability Market includes, Danish Crown A/S, Fresh Del Monte Produce NA, Inc., Greenyard Fresh NV, Tyson Foods, Inc., D’Arrigo Bros Company, Driscoll Strawberry Associates, Inc., Dole Food Company, Grimmway Farms, Inc., NatureSweet Ltd., Reynolds Catering Supplies Ltd.

The New Launched Product News,

• In September 2023, iFoodDS and IBM Launched New Solution to Help Organizations Address the FDA's FSMA 204 Food Traceability Rule. Leveraging several decades of experience in food traceability software, the new offering, iFoodDS Trace Exchange, meets supplier requirements and enterprise scalability requirements. The solution combines the innovative food industry, regulatory, and technological expertise of iFoodDS with the scalability and interoperability of the IBM Sterling Supply Chain Intelligence Suite and the IBM Food Trust Network, as well as the traceability applications.

• In November 2022, Indian ag-tech start-up Superplum announced the launch of its new fresh produce traceability system to connect consumers with farmers. In order to create a completely integrated fresh produce supply chain, Superplum collaborates with farmers all across India. Fruit is delivered to prominent stores and online platforms in Bengaluru and Delhi-NCR. The corporation described a number of the traceability system's characteristics that are intended to strengthen consumer confidence and empowerment.