Food Traceability: Technologies and Global Markets

Report Highlights

The global market for food traceability is expected to grow from $23.8 billion in 2024 and is projected to reach $38.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% during the forecast period of 2024 to 2029.

Report Includes

• 44 data tables and 49 additional tables
• Analyses of trends in the global market for food traceability technologies, with market revenue data for 2023, estimates for 2024, forecasts for 2025 and projected CAGRs through 2029
• Estimates of the market size and revenue growth prospects, along with a market share analysis by technology type, component, equipment type, type of software solution and region/country
• Insights derived from the Porter’s Five Forces model, as well as global supply chain and PESTLE analyses
• Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
• Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
• Evaluation of recent patent activity and key granted and published patents
• Profiles of leading companies, including Bar Code Integrators, Honeywell International, IBM, TE-Food International and Optel Vision.

Report Scope

The report analyzes the global markets for food traceability, using 2023 as a benchmark year and offering projections for the forecast period from 2024 to 2029, with estimates of compound annual growth rates (CAGRs). The market size is estimated from the perspective of technology and applications. This report covers many aspects of the food traceability market, including technological advances, economic factors and business considerations. It outlines the market forces impacting the industry and its many technologies and applications, and examines the leading companies engaged in food traceability technology, equipment, software and applications. It examines the factors driving market growth and the regional dynamics influencing the market.

Analyst Credentials

Kunal R. Nagpure– Consultant-Food & Beverage Research
Kunal Nagpure is an accomplished market researcher with over eight years of experience in the F&B, Environment, and Agriculture markets. He is passionate about using his knowledge to help clients make data-driven decisions and achieve their business objectives. With a keen eye for detail and a strong analytical mindset, Kunal has delivered numerous successful research projects that have enabled clients to gain a competitive edge in their respective markets. Academically, Kunal holds a master’s degree in Marketing and Operations and a bachelor’s degree in Biotech Engineering.

Consulting Editor’s Credentials

Melissa Dueck brings more than 25 years of health industry experience to the consulting analyst role with expertise in pharmaceuticals, medical technologies, and hospital operations. Ms. Dueck holds an MBA in Health Care Management, an MPH in Global Health, and is a pending doctoral candidate. She has authored several industry-specific documents and is a well-respected, trusted contributor to the market intelligence community. Her writings are published in magazines, newspapers, and professional journals. She is also an experienced custom market research writer who has worked with a large variety of clients in many fields who require innumerable variations to research documents. Ms. Dueck serves the health and medical community through emergency room medical training, healthcare information system coordination, program implementation and evaluations, and strategic business oversight planning.