Market Overview:
The global food traceability technology market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food traceability technology across different applications, such as fresh food, dairy products, meat, and others. In addition, the growing awareness about food safety and security is also fueling the growth of this market. The global food traceability technology market is segmented on the basis of type into radio frequency identification (RFID), real-time location system (RTLS), global positioning system (GPS), barcodes, infrared, and biometrics. The RFID segment is expected to hold the largest share of this market during the forecast period.
Product Definition:
Food Traceability technology is a system that enables the tracking of food items throughout the supply chain. This system allows for the identification of any potential issues with a food item, as well as the ability to quickly and easily locate where in the supply chain an issue arose. The importance of Food Traceability Technology is that it helps ensure public safety by allowing for quick identification and remediation of any issues with food products.
Radio Frequency Identification/Real Time Location System (RFID/RTLS):
Radio frequency identification/real time location system (RFID/RTLS) is a technology that enables real-time tracking of objects. It works on the principle of electromagnetic induction, where tags attached to the object generates and receive radiofrequency signals which are tracked and located by Global Positioning System (GPS) receiver. The RFID tags can be read using mobile devices with special applications or software.
Global Positioning System (GPS):
Global positioning system (GPS) is a satellite-based navigation system that provides real-time location information. It works on the principle of satellites transmitting signals to receiver antenna located on the earth's surface, which then displays the position on screen. The technology helps in providing high accuracy and traceability in food supply chain by enabling unique identification of packaged food products through wireless transmission of data from product scanners to database management systems and back again.
Application Insights:
The fresh food application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the use of technology in supply chain management of fruits and vegetables, which has resulted in improved product traceability. For instance, some of the companies have started using RFID tags for tracking fruits and vegetables throughout their supply chain which eventually results in better inventory control, quality assessment as well as reduced wastage.
Dairy products are one of the major applications contributing towards overall market revenue. The dairy industry is particularly adopting technologies such as barcodes and RFID for easy identification along with increased visibility into milk production statistics such as daily milk yield per cow or per milking machine among others. Moreover, there are various initiatives taken by governments worldwide to ensure safe consumption including National Dairy Council (NDC) programs within U.S.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing government initiatives, technological advancements, and demand for food safety & security among consumers. For instance, in March 2018, a collaboration was announced between IBM and Freshfruits Express LLC to bring fresh fruits traceability through an IoT-based platform across North America.
The Asia Pacific regional market is anticipated to grow at a lucrative rate over the forecast period owing to rising demand for fresh produce from developing countries such as India and China along with other Southeast Asian nations. Furthermore, Australia has implemented stringent regulations regarding country-of-origin labeling (COOL) on foods since 2011 under the Agricultural Competitiveness Act 2002 (ACA).
Growth Factors:
- Increasing demand for food traceability technology from the food and beverage industry to ensure product safety.
- The increasing number of food recalls due to the presence of harmful contaminants in foods is driving the demand for food traceability technology.
- Stringent government regulations pertaining to product safety are also propelling the growth of this market.
- Growing awareness among consumers about the benefits of food traceability is another key factor fuelling its adoption across industries worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Traceability Technology Market Research Report
By Type
Radio Frequency Identification/Real Time Location System (RFID/RTLS), Global Positioning System (GPS), Barcodes, Infrared, Biometrics
By Application
Fresh Food, Dairy Products, Meat, Others
By Companies
Honeywell, Intelex Technologies, SAP, Bcfooderp, Trimble, Food Decision Software, JustFoodERP, IBM, Intact, Mass Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Food Traceability Technology Market Report Segments:
The global Food Traceability Technology market is segmented on the basis of:
Types
Radio Frequency Identification/Real Time Location System (RFID/RTLS), Global Positioning System (GPS), Barcodes, Infrared, Biometrics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fresh Food, Dairy Products, Meat, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Intelex Technologies
- SAP
- Bcfooderp
- Trimble
- Food Decision Software
- JustFoodERP
- IBM
- Intact
- Mass Group
Highlights of The Food Traceability Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radio Frequency Identification/Real Time Location System (RFID/RTLS)
- Global Positioning System (GPS)
- Barcodes
- Infrared
- Biometrics
- By Application:
- Fresh Food
- Dairy Products
- Meat
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Traceability Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food traceability technology is a system that helps track the movement of food products from farm to table. This information can help ensure that food is safe and healthy, and that it meets all regulatory requirements. Food traceability technology can also help identify potential sources of contamination, and prevent fraud or abuse.
Some of the major companies in the food traceability technology market are Honeywell, Intelex Technologies, SAP, Bcfooderp, Trimble, Food Decision Software, JustFoodERP, IBM, Intact, Mass Group.
The food traceability technology market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Traceability Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Food Traceability Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Traceability Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Food Traceability Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Food Traceability Technology Market Size & Forecast, 2018-2028
4.5.1 Food Traceability Technology Market Size and Y-o-Y Growth
4.5.2 Food Traceability Technology Market Absolute $ Opportunity
Chapter 5 Global Food Traceability Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Food Traceability Technology Market Size Forecast by Type
5.2.1 Radio Frequency Identification/Real Time Location System (RFID/RTLS)
5.2.2 Global Positioning System (GPS)
5.2.3 Barcodes
5.2.4 Infrared
5.2.5 Biometrics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Traceability Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Food Traceability Technology Market Size Forecast by Applications
6.2.1 Fresh Food
6.2.2 Dairy Products
6.2.3 Meat
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Traceability Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Traceability Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Food Traceability Technology Analysis and Forecast
9.1 Introduction
9.2 North America Food Traceability Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Food Traceability Technology Market Size Forecast by Type
9.6.1 Radio Frequency Identification/Real Time Location System (RFID/RTLS)
9.6.2 Global Positioning System (GPS)
9.6.3 Barcodes
9.6.4 Infrared
9.6.5 Biometrics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Food Traceability Technology Market Size Forecast by Applications
9.10.1 Fresh Food
9.10.2 Dairy Products
9.10.3 Meat
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Food Traceability Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Food Traceability Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Food Traceability Technology Market Size Forecast by Type
10.6.1 Radio Frequency Identification/Real Time Location System (RFID/RTLS)
10.6.2 Global Positioning System (GPS)
10.6.3 Barcodes
10.6.4 Infrared
10.6.5 Biometrics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Food Traceability Technology Market Size Forecast by Applications
10.10.1 Fresh Food
10.10.2 Dairy Products
10.10.3 Meat
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Food Traceability Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Traceability Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Food Traceability Technology Market Size Forecast by Type
11.6.1 Radio Frequency Identification/Real Time Location System (RFID/RTLS)
11.6.2 Global Positioning System (GPS)
11.6.3 Barcodes
11.6.4 Infrared
11.6.5 Biometrics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Food Traceability Technology Market Size Forecast by Applications
11.10.1 Fresh Food
11.10.2 Dairy Products
11.10.3 Meat
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Food Traceability Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Traceability Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Food Traceability Technology Market Size Forecast by Type
12.6.1 Radio Frequency Identification/Real Time Location System (RFID/RTLS)
12.6.2 Global Positioning System (GPS)
12.6.3 Barcodes
12.6.4 Infrared
12.6.5 Biometrics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Food Traceability Technology Market Size Forecast by Applications
12.10.1 Fresh Food
12.10.2 Dairy Products
12.10.3 Meat
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Food Traceability Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Traceability Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Food Traceability Technology Market Size Forecast by Type
13.6.1 Radio Frequency Identification/Real Time Location System (RFID/RTLS)
13.6.2 Global Positioning System (GPS)
13.6.3 Barcodes
13.6.4 Infrared
13.6.5 Biometrics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Food Traceability Technology Market Size Forecast by Applications
13.10.1 Fresh Food
13.10.2 Dairy Products
13.10.3 Meat
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Traceability Technology Market: Competitive Dashboard
14.2 Global Food Traceability Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Intelex Technologies
14.3.3 SAP
14.3.4 Bcfooderp
14.3.5 Trimble
14.3.6 Food Decision Software
14.3.7 JustFoodERP
14.3.8 IBM
14.3.9 Intact
14.3.10 Mass Group
