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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.
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.
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.
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.
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.
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Food Traceability Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Food Traceability Software Historical Market (2018-2023)
8.3 Global Food Traceability Software Market Forecast (2024-2032)
8.4 Global Food Traceability Software Market by Type
8.4.1 Warehouse Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Enterprise Resource Planning (ERP)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Laboratory Information Management Software (LIMS)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Quality Management Software
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Food Traceability Software Market by End Use
8.5.1 Food Manufacturers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Warehouse Service Providers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Retailing
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Government Department
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Food Traceability Software Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Food Traceability Software Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Food Traceability Software Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Food Traceability Software Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Food Traceability Software Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Food Traceability Software Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Icicle Technologies Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Normex Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Carlisle Technology
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Wherefour, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Centric Software, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Safefood 360, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 FoodLogiQ, LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SoftTrace Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Mar-Kov
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 GrubMarket, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Food Traceability Software Market: Key Industry Highlights, 2018 and 2032
2. Global Food Traceability Software Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Food Traceability Software Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Food Traceability Software Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Food Traceability Software Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Food Traceability Software Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Food Traceability Software Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Food Traceability Software Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Food Traceability Software Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Food Traceability Software Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Food Traceability Software Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Food Traceability Software Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Food Traceability Software Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Food Traceability Software Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Food Traceability Software Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Food Traceability Software Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Food Traceability Software Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Food Traceability Software Market Structure
The market reached a value of nearly USD 542.30 million in 2023.
The market is estimated to grow at a CAGR of 15.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2046.39 million by 2032.
The increasing application of food traceability software in the food and beverage sector, increasing demand for clean-labelled packaged food products, and digital transformation of warehouses are the major drivers of the market.
The key trends in the market include robust advancements in end-to-end traceability technology and increasing investments towards developing affordable traceability solutions.
Warehouse software, enterprise resource planning (ERP), laboratory information management software (LIMS), and quality management software, among others, are the different types of food traceability software.
Food manufacturers, warehouse service providers, retailing, and government department, among others, are the major end uses of food traceability software.
Icicle Technologies Inc., Normex Inc., Carlisle Technology, Wherefour, Inc., Centric Software, Inc., Safefood 360, Inc., FoodLogiQ, LLC, SoftTrace Limited, Mar-Kov, and GrubMarket, Inc., among others, are the key food traceability software market players.
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