North America Food Traceability Market Introduction and Overview
According to SPER Market Research, the North America Food Traceability Market is estimated to reach USD XX Billion by 2033 with a CAGR of 8.9%.
The report includes an in-depth analysis of the North America Food Traceability Market, including market size and trends, product mix, applications, and supplier analysis. Food traceability makes it possible to follow the flow of ingredients and finished goods along the whole supply chain, both forward and backward. It entails recording and connecting the manufacturing, processing, and delivery of various food items and ingredients. When a foodborne illness epidemic occurs, it assists regulatory bodies in tracking down the product to quickly identify its source and potential contamination site. This allows for a quicker withdrawal of the contaminated product from distribution, which lowers the number of foodborne illness cases.
Market Opportunities and Challenges
Traceability has been transformed by the Internet of Things (IoT), which makes it possible to connect physical devices to the internet. Products and packaging can be equipped with Internet of Things devices, such as sensors and RFID tags, to gather and send data instantly. Throughout the supply chain, this real-time data is crucial for tracking temperature, humidity, and location. Big data produced by traceability systems is analysed in part by AI and ML technologies. These tools can spot trends, foresee possible problems, and offer useful information to help in decision-making. AI systems, for instance, are capable of analysing data to forecast the possibility that a product would be the subject of a recall.
Furthermore, the proliferation of smartphone usage and the development of mobile applications have opened the door for expanded consumer involvement in traceability. Customers can use mobile apps with scanning functions to scan a product's barcode or QR code to obtain comprehensive information about it. This tendency is in line with consumers' increasing need for transparency and the ability to make well-informed decisions regarding the goods they buy.
The expenses and complexity of integration related to traceability technologies continue to be obstacles, nonetheless. Adopting sophisticated traceability systems may be financially difficult for many firms, particularly smaller ones. The complexity of the food sector makes it difficult to ensure consistent traceability across many supply chains. To build a strong and effective food traceability ecosystem in North America, overcoming these obstacles will require sustained support from regulatory agencies, inventive solutions, and cooperative efforts from stakeholders.
Market Competitive Landscape
The major key players in the North America Food Traceability Market are: Bar Code Integrators, Inc., Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide, Inc., Carlisle Technology, Cognex Corporation, Food Forensics Ltd., Honeywell International, Inc., Optel Group, SGS S.A., Zebra Technologies Corporation, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End Use, By Software
|
| Regions covered | Canada, Mexico, US, Rest of North America
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| Companies Covered | Bar Code Integrators, Inc., Bio-Rad Laboratories, Inc., C.H. Robinson Worldwide, Inc., Carlisle Technology, Cognex Corporation, Food Forensics Ltd., Honeywell International, Inc., Optel Group, SGS S.A., Zebra Technologies Corporation, Others
|
COVID-19 Impact on North America Food Traceability Market
The North American food traceability market has been greatly influenced by the COVID-19 outbreak. Strong traceability systems are essential to guaranteeing food safety and supply chain resilience, as the crisis has shown. Consumers' growing concern for their health and safety has fueled the development of traceability solutions, as companies use technology to improve visibility and handle disruptions. On the down side, pandemic-related issues including labour shortages, supply chain disruptions, and unstable economies have made it difficult to apply traceability effectively. The current state of the pandemic highlights the necessity of flexible and agile traceability systems in order to manage ambiguities and create a robust food supply chain in North America.
Key Target Audience:
- Certification and Inspection Agencies
- Consumers and Advocacy Groups
- Food Producers and Manufacturers
- Logistics and Transportation Companies
- Research and Consulting Firms
- Retailers and Distributors
- Technology Providers
- Others
Our in-depth analysis of the North America Food Traceability Market includes the following segments:
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By Type: |
Barcodes
Biometrics
Global Positioning Systems
Infrared
Radio Frequency Identification
|
|
By End Use: |
Bakery & Confectionary
Dairy Products
Fish, Meat, & Seafood
Fruit Pulp & Concentrates
Fruits & Vegetables
Processed Food
|
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By Software: |
Enterprise Resources Planning (ERP)
Laboratory Information Systems
Supply Chain Management (SCM)
Warehouse Software
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Key Topics Covered in the Report:
- North America Food Traceability Market Size (FY’2023-FY’2033)
- Overview of North America Food Traceability Market
- Segmentation of North America Food Traceability Market By Type (Barcodes, Biometrics, Global Positioning Systems, Infrared, Radio Frequency Identification, Others)
- Segmentation of North America Food Traceability Market By End Use (Bakery & Confectionary, Dairy Products, Fish, Meat, & Seafood, Fruit Pulp & Concentrates, Fruits & Vegetables, Processed Food, Others)
- Segmentation of North America Food Traceability Market By Software (Enterprise Resources Planning, Laboratory Information Systems, Supply Chain Management, Warehouse Software, Others)
- Statistical Snap of North America Food Traceability Market
- Expansion Analysis of North America Food Traceability Market
- Problems and Obstacles in North America Food Traceability Market
- Competitive Landscape in the North America Food Traceability Market
- Impact of COVID-19 and Demonetization on North America Food Traceability Market
- Details on Current Investment in North America Food Traceability Market
- Competitive Analysis of North America Food Traceability Market
- Prominent Players in the North America Food Traceability Market
- SWOT Analysis of North America Food Traceability Market
- North America Food Traceability Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Food Traceability Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Food Traceability Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Food Traceability Market
7. North America Food Traceability Market, By Type (USD Million)
7.1. North America Food Traceability Market Value Share and Forecast, By Type, 2023-2033
7.2. Barcodes
7.3. Biometrics
7.4. Global Positioning Systems
7.5. Infrared
7.6. Radio Frequency Identification
7.7. Others
8. North America Food Traceability Market, By End Use (USD Million)
8.1. North America Food Traceability Market Value Share and Forecast, By End Use, 2023-2033
8.2. Bakery & Confectionary
8.3. Dairy Products
8.4. Fish, Meat, & Seafood
8.5. Fruit Pulp & Concentrates
8.6. Fruits & Vegetables
8.7. Processed Food
8.8. Others
9. North America Food Traceability Market, By Software (USD Million)
9.1. North America Food Traceability Market Value Share and Forecast, By Software, 2023-2033
9.2. Enterprise Resources Planning (ERP)
9.3. Laboratory Information Systems
9.4. Supply Chain Management (SCM)
9.5. Warehouse Software
9.6. Others
10. North America Food Traceability Market Forecast, 2019-2033 (USD Million)
10.1. North America Food Traceability Market Size and Market Share
11. North America Food Traceability Market, By Type, 2019-2033 (USD Million)
11.1. North America Food Traceability Market Size and Market Share By Type (2019-2026)
11.2. North America Food Traceability Market Size and Market Share By Type (2027-2033)
12. North America Food Traceability Market, By End Use, 2019-2033 (USD Million)
12.1. North America Food Traceability Market Size and Market Share By End Use (2019-2026)
12.2. North America Food Traceability Market Size and Market Share By End Use (2027-2033)
13. North America Food Traceability Market, By Software, 2019-2033 (USD Million)
13.1. North America Food Traceability Market Size and Market Share By Software (2019-2026)
13.2. North America Food Traceability Market Size and Market Share By Software (2027-2033)
14. North America Food Traceability Market, By Region, 2019-2033 (USD Million)
14.1. North America Food Traceability Market Size and Market Share By Region (2019-2026)
14.2. North America Food Traceability Market Size and Market Share By Region (2027-2033)
14.3. Canada
14.4. Mexico
14.5. US
14.6. Rest of North America
15. Company Profile
15.1. Bar Code Integrators, Inc.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Bio-Rad Laboratories, Inc.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. C.H. Robinson Worldwide, Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Carlisle Technology
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Cognex Corporation
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Food Forensics Ltd.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Honeywell International, Inc.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Optel Group
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. SGS S.A.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Zebra Technologies Corporation
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
