According to a new report, published by KBV research, The Global Food Traceability Market size is expected to reach $29.4 billion by 2030, rising at a market growth of 9.1% CAGR during the forecast period.
The Enterprise Resources Planning (ERP) segment is experiencing a CAGR of 8.9% during (2023 - 2030). ERP systems provide end-to-end visibility into various aspects of the business, including production, inventory, procurement, and distribution. User authentication using biometric technologies, including fingerprint scanning, facial recognition, and palm prints, provides enhanced security and precision. These factors will help in the expansion of the segment.
The Fish, Meat, & Seafood segment is leading the Global Food Traceability Market by End-use in 2022; thereby, achieving a market value of $8.4 billion by 2030. The fish, meat, and seafood industry often involves complex global supply chains with multiple intermediaries. Traceability systems help navigate these complexities by providing visibility into the journey of products across international borders. This is particularly relevant for imported and exported products, ensuring compliance with diverse regulatory standards and maintaining product integrity. Therefore, the segment will expand rapidly in the coming years.
The Radio Frequency Identification segment is registering a CAGR of 8.9% during (2023 - 2030). Utilizing radio frequency identification technology permits the monitoring of food products in real-time throughout the supply chain. Throughout the supply chain, including processing facilities, retail displays, and processing facilities, radio frequency identification technology tags enable the tracking and monitoring of product movement and geolocation. This heightened visibility enhances traceability, allowing businesses to identify each product's origin and journey precisely. Therefore, the segment will expand rapidly in the coming years.
The North America region dominated the Global Food Traceability Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.8 billion by 2030. The Europe region is anticipating a CAGR of 8.8% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 9.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/food-traceability-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cognex Corporation, Honeywell International, Inc., SGS S.A., Zebra Technologies Corporation, Carlisle Technology, Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide, Inc., Optel Group, Bar Code Integrators, Inc., and Food Forensics Ltd.
By Software
By End-use
By Type
By Geography
Companies Profiled
Unique Offerings 
