Food Traceability Market- Global Industry Insights, Trends, Outlook, and Analysis, 2018 – 2025

The ability to identify and validate various stages of the food chain from production to distribution is called food traceability. Food traceability is an umbrella term recognizing the origin of the food, knowledge of destination and distribution to various end users. Particularly, multi-ingredient food includes materials from different food chain & countries via traceability systems of other countries. Food traceability is a crucial system and has many applications in the fresh produce & seeds, meat & livestock, fisheries, dairy, beverages and others markets. The system is being supported by various equipment m including thermal printers, PDA with GPS, tags & labels, 2D & 1D scanners, sensors and others.

Market Scenario:

Legislative framework and standardizations & certifications are one of the major drivers for the market. Various rules and regulations implemented by numerous nations have expected to fuel the market over the forecast period. Other factors assisting the market growth are flow of information upstream & downstream of supply chain, tracing contamination & product recall and. competitive edge & brand loyalty

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Different needs for various products and associated costs for food traceability are the major constraints for the food traceability market. Moreover, leading manufacturers avoid food tracing to some extent owing to the increase in prices. The food traceability market has been governed by retailers. However, the food manufactures are expected to surpass in terms of growth rate in revenue. Food traceability system is extremely crucial in food & beverages industry as the system possesses the highest risk of product recall incurred with huge financial losses. Hence, food traceability technology holds a significant place as the products are perishable in nature and the industries focus on avoiding any unnecessary cost investment for extensive investigation to locate probable source of contamination. Food retailers are taking various measures to facilitate recording of each product on the food traceability system by partnering with technology providers.

Key Players:

H. Robinson.
Intermec Inc.
DuPont Nutrition & Health
Honeywell International Inc.
Cognex Corporation
Motorola solutions
Bio-Rad Laboratories
MASS Group
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The global food traceability market has been segmented on the basis of equipment, application, technology, and end-users. Based on equipment, the market has been segregated by PDA with GPS, thermal printers, 2d & 1d scanners, tags & labels, sensors and others. Based on application, the market has been bifurcated as meat & livestock, fresh produce & seeds, dairy, beverages, fisheries, and others. On the basis of technology, global food traceability market has been segmented as RFID/RTLS, GPS, barcode, infrared, and biometrics. End users segment comprises of food manufacturers, warehouse/pack farms, food retailers, defense & security departments, and other government departments.

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