Global Food Traceability Market Size & Outlook, 2023-2030
Global food traceability market, 2017-2030 (US$M)
Related Markets
Global food traceability market highlights
- The global food traceability market generated a revenue of USD 16,885.3 million in 2023 and is expected to reach USD 30,524.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.8% by 2030.
- In terms of segment, barcodes accounted for a revenue of USD 5,887.9 million in 2023.
- Radio Frequency Identification is the most lucrative technology type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 16,885.3 million |
| Market revenue in 2030 | USD 30,524.6 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Barcodes |
| Fastest growing segment | Radio Frequency Identification |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radio Frequency Identification, Barcodes, Infrared, Biometrics, Global Positioning Systems |
Other key industry trends
- In terms of revenue, the North America accounted for 30.6% of the global food traceability market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 1,046.5 million by 2030.
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Food Traceability Market Scope
Food Traceability Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global food traceability market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food traceability market will help companies and investors design strategic landscapes.
Barcodes was the largest segment with a revenue share of 34.87% in 2023. Horizon Databook has segmented the Global food traceability market based on radio frequency identification, barcodes, infrared, biometrics, global positioning systems covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Food Traceability Technology Type Outlook (Revenue, USD Million, 2017-2030)
- Radio Frequency Identification
- Barcodes
- Infrared
- Biometrics
- Global Positioning Systems
- Others
- Global Food Traceability Software Outlook (Revenue, USD Million, 2017-2030)
- Enterprise Resources Planning (ERP)
- Friction Welding
- Laboratory Information Systems
- Warehouse Software
- Supply Chain Management (SCM)
- Others
- Global Food Traceability End User Outlook (Revenue, USD Million, 2017-2030)
- Fruits & Vegetables
- Fruit Pulp & Concentrates
- Dairy Products
- Fish, Meat, and Seafood
- Processed Food
- Bakery & Confectionary
- Others
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Target buyers of Global food traceability market databook
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Our clientele includes a mix of food traceability market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global food traceability market , including forecasts for subscribers. This global databook contains high-level insights into Global food traceability market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global food traceability market size, by regions, 2017-2030 (US$M)
Top 10 countries: Food traceability market size, 2023 (US$M)
Global food traceability market share, by technology type, 2023 & 2030 (%, US$M)
Food traceability market: Opportunity assessment by country
Global food traceability market, by region, 2023 (US$M)
Related regional statistics
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