Food Traceability solutions are tools that helps food chain operators, wholesalers and distributors to record, track and verify a product’s history along with its overall supply chain locations. The traceability solutions enable monitoring of perishable inventory and helps in handling business complaints and product recalls. It also aids in finding details of all raw materials used in the production of a certain food and its manufacturing route. This helps food manufacturers and distributors to be sure about the quality of their food sold or served thereby, ensuring compliance with all requisite government regulations related to the food standards. Implementation of blockchain in food traceability solutions is expected to influence the growth of the global food traceability software market over the forecast period. The rising concern for food safety across the globe is influencing the adoption of technologies to ensure transparency in the supply chain. For instance, according to World Health Organization (WHO), approximately 420,000 individuals die every year owing to food contamination.

Blockchain is being increasingly adopted as it can easily analyze source of contamination, thereby preventing adversities concerning food poisoning. For instance, IBM Corp., offers blockchain enabled traceability solution for the food and beverage industry called IBM Food Trust. The solution enables the users to ensure food safety & freshness, increase efficiency across the supply chain, thereby minimizing waste and enhancing the overall brand’s reputation. This is increasing the adoption of blockchain-enabled solution, thereby contributing to the growth of the food traceability solution market across the globe over the forecast period.

In terms of revenue, global food traceability software market was valued at US$ 225.15 Mn in 2019 and is anticipated to reach US$ 485.24 Mn in 2030, growing at a CAGR of 8.9% over the forecast period (2021-2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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The outbreak of corona virus is expected to positively impact the global food traceability software market over the forecast period. The severity of the pandemic has influenced a change in the food consumption habits of individuals across the globe in order to ensure safety from animal-based food diseases. Thus, to ensure safety, FDA issued regulations on food traceability during the covid-19 pandemic for tracking down every detail of the supply chain and the origin of the food. Such favorable government initiative to track and trace, both domestic and international food standard is anticipated to influence the adoption of food traceability solutions, and further contribute towards the growth of the global food traceability software market over the forecast period. The report provides both, qualitative and quantitative research of global food traceability software market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.

Some of the players operating in the global food traceability software market are Advanced Traceability Solutions, Applied Data Corporation, Aptean, Carlisle Technology, FoodLogiQ, IBM Corp, Katana Technologies OÜ, Minotaur Software, OPTEL GROUP, ParityFactory, RFgen Software, Royal 4 Systems, SoftTrace, SourceTrace, Tenacious Solutions Ltd and other market participants

Global Food Traceability Software Market:

  • By Offering
    • Solutions
      • Cloud Based
      • On Premise
    • Services
  • By Platform 
    • Web Based
    • App Based
  • By Food Category
    • Meat, Poultry and Sea Food
    • Wholesale Bakeries
    • Prepared Packaged Food
    • Fresh Food Produce
    • Beverages
  • Others
  • By Organization Size
    • Small and Medium Enterprises
    • Large Enterprises
  • By End Users
    • Restaurant Operators
    • Food Retail and Grocery
    • Consumer Packaged Goods
    • Food Wholesalers & Distributors
    • Food Importers and Exporters
    • Food Producers & Manufacturers
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America

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