Precision Business Insights has published a report on the global food traceability market, estimating its value at USD 16.930 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/food-traceability-market

The food traceability market includes both digital and physical technologies that track and record the movement of food items from farm to fork. These solutions—from RFID tags and barcodes to blockchain and cloud-based platforms—assist stakeholders in determining the origin, movement, and handling of food goods.

Drivers:

• Governments and international bodies (e.g., FDA, EU, Codex) mandate traceability for food safety and recall efficiency.
• Companies use traceability to build consumer trust and differentiate through ethical sourcing and quality assurance.

The global food traceability market segmentation:

1) By Technology: Radio-frequency identification, Barcodes, Infrared, Biometrics, and Global positioning system

2) By Equipment: Thermal Printers, 2D and 1D Scanners, Sensors, Tags and Labels, PDA with GPS, and Others

3) By Software Type: Enterprise Resource Planning (ERP), Friction Welding, Laboratory Information Management Software (LIMS), Warehouse Software, and Others

4) By Application: Fresh food produce, Meat, Poultry & Sea products, Dairy products, Beverage products, and Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the food traceability market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the food traceability market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like C.H. Robinson, Cognex, Honeywell International Inc, SGS SA, Zebra Technologie, Carlisle, Merit-Trax, FoodLogiQ, Safe Traces, Food Forensics, Bext360, Rfxcel, Covectra, Bar Code Integrators

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