In 2019, the global food traceability market reached a value of around 15.6 billion U.S. dollars. The North American market was the largest with a value of about 3.5 billion U.S. dollars. This part of the food industry is concerned with making sure that food is kept track of no matter in which part of the supply chain it currently is. This increases industry control over risk factors and helps to keep cost and time investments low if food needs to be recalled.
Estimated worldwide food traceability market size in 2019, by region
(in billion U.S. dollars)
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BIS Research. (August 10, 2021). Estimated worldwide food traceability market size in 2019, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1260659/food-traceability-market-size-by-world-region/
BIS Research. "Estimated worldwide food traceability market size in 2019, by region (in billion U.S. dollars)." Chart. August 10, 2021. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1260659/food-traceability-market-size-by-world-region/
BIS Research. (2021). Estimated worldwide food traceability market size in 2019, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1260659/food-traceability-market-size-by-world-region/
BIS Research. "Estimated Worldwide Food Traceability Market Size in 2019, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Aug 2021, https://www.statista.com/statistics/1260659/food-traceability-market-size-by-world-region/
BIS Research, Estimated worldwide food traceability market size in 2019, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1260659/food-traceability-market-size-by-world-region/ (last visited November 23, 2024)
Estimated worldwide food traceability market size in 2019, by region (in billion U.S. dollars) [Graph], BIS Research, August 10, 2021. [Online]. Available: https://www.statista.com/statistics/1260659/food-traceability-market-size-by-world-region/
