Global Food Traceability Software Market Report and Forecast 2024-2032

Global Food Traceability Software Market Outlook

The global food traceability software market size reached nearly USD 542.30 million in 2023. The market is projected to grow at a CAGR of 15.90% between 2024 and 2032 to reach a value of around USD 2046.39 million by 2032.

Key Trends in the Market

Food traceability software refers to a type of software which tracks food inventory and identifies issues in food supply chains. In other words, food traceability software enables food business owners to ensure the proper flow of food items in a supply chain.

• The increasing application of food traceability software in the food and beverage sector to enhance the transparency of the supply chain and ensure compliance with food quality control standards is driving the food traceability software market growth.

• Robust advancements in end-to-end traceability technology, coupled with increasing investments towards developing low cost traceability solutions, are expected to boost the adoption of food traceability solutions in the forecast period.

• The increasing demand for clean-labelled packaged meat, vegetables, and dairy products, among others, is a crucial food traceability software market trend. Furthermore, the rapid digitalisation of the food supply chain to boost its efficiency is likely to aid the market in the coming years.

Market Analysis

Based on type, the market is segmented into warehouse software, enterprise resource planning (ERP), laboratory information management software (LIMS), and quality management software, among others. On the basis of end use, the food traceability software market segmentations include food manufacturers, warehouse service providers, retailing, and government department, among others. The major regional markets for food traceability software include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global food traceability software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Icicle Technologies Inc.

• Normex Inc.

• Carlisle Technology

• Wherefour, Inc.

• Centric Software, Inc.

• Safefood 360, Inc.

• FoodLogiQ, LLC

• SoftTrace Limited

• Mar-Kov

• GrubMarket, Inc.

• Others

Market Share by Product

Warehouse software accounts for a significant portion of the food traceability software market share. This can be attributed to the heightening demand for warehouse software to access real-time inventory data, reduce the cost of operation, improve demand forecast, and enhance traceability, among others. Additionally, the rapid digital transformation of warehouses is expected to boost the deployment of warehouse software in the forecast period.

Market Share by Region

As per the food traceability software market analysis, the Asia Pacific is expected to witness a robust growth in the forecast period due to the expansion attempts by leading software companies, especially in Southeast Asia. Rising demand for packaged food, owing to the large population base across emerging economies such as India and China and growing disposable incomes, is further boosting the application of food traceability software in the food processing sector.

Competitive Landscape

Icicle Technologies Inc. is a company which provides end-to-end software solutions for food production. The company offers services related to food safety management, food quality control, and inventory management, among others. It was founded in 2004 and is headquartered in New York, the United States.

Normex Inc. is a leading provider of innovative food safety and traceability software. It aims to improve the health of consumers and is headquartered in Quebec, Canada.

Carlisle Technology is a company which develops software for the food sector. The portfolio of the company includes food traceability, meat processing, and accounting integration software, among others. The company was founded in 1985 and is headquartered in Arizona, the United States.

Other food traceability software market players include Wherefour, Inc., Centric Software, Inc., Safefood 360, Inc., FoodLogiQ, LLC, SoftTrace Limited, Mar-Kov, and GrubMarket, Inc., among others.

Key Highlights of the Report