Food traceability is tracing any food, feed, food-producing animal or substance that will be used for consumption, through all stages of production, processing and distribution to identify and address risks and protect public health.
Food traceability is a way of responding to potential risks that can arise in food and feed, to ensure that all food products are safe for citizens to eat.
Market Analysis and Insights: Global Food Traceability Market
Due to the COVID-19 pandemic, the global Food Traceability market size is estimated to be worth US$ 18090 million in 2022 and is forecast to a readjusted size of US$ 33660 million by 2028 with a CAGR of 10.9% during the review period. Fully considering the economic change by this health crisis, Meat Traceability System accounting for % of the Food Traceability global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Government Department segment is altered to an % CAGR throughout this forecast period.
Europe is the largest Food Traceability market with about 42% market share. North America is follower, accounting for about 35% market share.
The key players are Honeywell, Intelex Technologies, SAP, Bcfooderp, Trimble, Food Decision Software, JustFoodERP, IBM, Intact, Mass Group etc. Top 3 companies occupied about 38% market share.
Global Food Traceability Scope and Segment
Food Traceability market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Food Traceability market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Meat Traceability System
Vegetable and Fruit Traceability System
Milk Food Traceability System
Segment by Application
Government Department
Food Suppliers
Retailers
By Company
Honeywell
Intelex Technologies
SAP
Bcfooderp
Trimble
Food Decision Software
JustFoodERP
IBM
Intact
Mass Group
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E