Global Food Traceability Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Food Traceability Software market:
The latest research study on the global Food Traceability Software market finds that the global Food Traceability Software market reached a value of USD 186.2 million in 2022. It’s expected that the market will achieve USD 277.26 million by 2028, exhibiting a CAGR of 6.86% during the forecast period.

The food traceability software enables the final user to examine, track, and, accumulate information related to food products. The end user utilizes the software to retain well-documented records of every food orders and their origins by keeping health and safety requirements. Track product ingredients, connect inventory and source of data, and shaping health and safety standards are the features of food traceability software.

Assessment of the Overall Impact of COVID-19 on the Industry
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency.
COVID-19 is, first and foremost, a global humanitarian challenge. Thousands of health professionals are heroically battling the virus, putting their own lives at risk. Governments and industry are working together to understand and address the challenge, support victims and their families and communities, and search for treatments and a vaccine.

In addition to the direct damage, it does to human health, COVID-19 is sure to have an enormous economic impact. Rising prevalence of diseases and the outbreak of viruses have obligated food corporations to not compromise on food safety which has increased the demand for the software in the market. The Covid-19 pandemic is expected to positively influence the food traceability software market. Growing adoption among food retailers and distributors to assure consumers of the safety and quality of the food offered by them is contributing to the surge in demand for these solutions. The stringent government regulations have mandated the food corporations to deploy food traceability software.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
FoodLogiQ is one of the major players operating in the Food Traceability Software market, holding a share of 11.07% in 2021.

FoodLogiQ® LLC is the leading SaaS provider of traceability, food safety and supply chain transparency solutions.

Farmsoft delivers a suite of software for farming, fruit and vegetable processing, and food manufacturing. Concentrating on fruit, vegetable, loose leaf (salad, coleslaw, mixed salads), chili processing, plantation products such as dates, apples, pear, stone fruits, and flower industries. Users of farmsoft across the globe have a variety of business sizes from medium to large.

Segmentation Overview:
Among different product types, Cloud Based segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the SMEs segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Food Traceability Software market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Food Traceability Software market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Food Traceability Software and its sub-markets in an intuitive way.

Key Companies in the global Food Traceability Software market covered in Chapter 3:
Chetu
TraceGains
Blue Link
JustFood
SoftTrace
E Food-ERP
LogiTrack Systems
FarmSoft
ParityFactory
CAI Software
DEAR Systems
FoodLogiQ
Minotaur Business System
Wherefour

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Traceability Software market from 2018 to 2029 is primarily split into:
Cloud Based
Web Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Traceability Software market from 2018 to 2029 covers:
Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Food Traceability Software market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029