Food Traceability/Tracking Technologies Market was Valued at USD 14.27 Billion in 2024, and it is projected to reach USD 22.15 Billion by 2029, with registering at a CAGR of 9.2% from during the forecast period of 2024 to 2029.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
9.2% |
Segments Covered |
By Equipment, Technology, Application, and Region |
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Bio-Rad Laboratories, Inc, CH Robinson Worldwide Inc, Cognex Corporation, E. I. Du Pont de Nemours and Company (DuPont), Honeywell International Inc, International Business Machines Corporation, Motorola Solutions, Inc, SGS SA, Zebra Technologies Corporation, MASS Group Inc.; |
This research report on the Global Food Traceability /Tracking Technologies Market has been segmented and sub-segmented based on equipment, technology, application, and region.
Global Food Traceability /Tracking Technologies Market - By Equipment:
Global Food Traceability/Tracking Technologies Market - By Technology:
Global Food Traceability/Tracking Technologies Market - By Application:
Global Food Traceability/Tracking Technologies Market - By End User:
Global Food Traceability/Tracking Technologies Market – By Region:
KEY MARKET PLAYERS:
Key Market players of global Food Traceability Market are Bio-Rad Laboratories, Inc, CH Robinson Worldwide Inc, Cognex Corporation, E. I. Du Pont de Nemours and Company (DuPont), Honeywell International Inc, International Business Machines Corporation, Motorola Solutions, Inc, SGS SA, Zebra Technologies Corporation, MASS Group Inc.
Frequently Asked Questions
The main technologies used for food traceability/tracking include barcode and QR code scanning, radio-frequency identification (RFID), blockchain, GPS and geolocation tracking, sensor technologies (such as temperature and humidity sensors), data analytics and software platforms, and cloud-based databases.
Barcode and QR code scanning involves labeling food products with unique identifiers encoded in barcode or QR code format. These codes can be scanned at various points along the supply chain to track the movement and location of products, as well as to access information about origin, production, ingredients, and expiration dates.
The benefits of using food traceability/tracking technology include improved food safety and quality control, enhanced transparency and trust in the supply chain, faster and more accurate recalls and investigations, reduced risk of fraud and counterfeiting, increased operational efficiency and cost savings, and enhanced consumer engagement and satisfaction
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