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ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET FORECAST 2022-2030

The Asia-Pacific track & trace in food & beverage market is estimated to record a CAGR of 21.96% during the forecast period, 2022-2030, and is projected to reach a revenue of $554.47 million by 2030.

ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET FORECAST 2022-2030

Asia-Pacific Track & Trace in Food & Beverage Market by Product (Hardware Systems, Software Solutions) Market by Technology (Barcode, Radio Frequency Identification) Market by Application (Serialization Solutions, Aggregation Solutions) Market by End-user (Dairy Products, Meat, Poultry & Seafood, Beverages, Other End-users) by Geography

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Report Summary

The Asia-Pacific track & trace in food & beverage market is estimated to record a CAGR of 21.96% during the forecast period, 2022-2030, and is projected to reach a revenue of $554.47 million by 2030.

There is high adoption of food traceability solutions among retailers and food manufacturers due to the growing demand for food safety and product details. Also, stringent regulations on labeling and serialization offer growth opportunities.

Asia Pacific Track & Trace In Food And Beverage Market

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The Asia-Pacific track & trace in food & beverage market growth assessment includes the analysis of Australia & New Zealand, Vietnam, Thailand, Indonesia, India, Japan, South Korea, China, and Rest of Asia-Pacific. China’s food processing industry has witnessed fast-paced diversification over the years. Also, it has extended its international and domestic trade in food. The rising purchasing power and economic development have raised the consumption of dairy products, eggs, and meat significantly. The major safety hazards evaluated are pesticide contamination, alteration of food additives, and heavy metal pollution. In addition, the metal contamination of mercury, arsenic, lead, and cadmium is a huge concern impacting staple foods like vegetables and rice.

Accordingly, there has been rapid adoption of technologies. Also, food traceability systems were established during the late 90s to manage food safety, and information-based proactive strategies for identifying product recalls and food risks. In recent years, well-established brands have been prioritizing the importance of communicating food product-related information to consumers. This is because the Chinese population has become more cautious about food safety standards and quality, given the rising food scandals.

In Indonesia, the food & beverage sector is one of the eight national priority sectors. Also, the country has a well-developed halal foods market. In addition, it has the highest Muslim population in Asia-Pacific, propelling the potential of the halal products market. As a result, track & trace solutions have growth opportunities with regard to halal food traceability.

Further, it is one of the top ten fishing countries worldwide, although with high incidences of unreported, unregulated, and illegal fishing. For instance, almost 38% of Indonesian seafood products in major markets like the US come from unreported and illegal sources. Therefore, there is an increasing need for track & trace in the fish industry.

The scope of the Asia-Pacific track & trace in food & beverage market includes end-user, application, technology, and product. The application segment is further sub-categorized into aggregation solutions and serialization solutions. The aggregation solutions include pallet aggregation, case aggregation, and bundle aggregation.

Bundle aggregation is the process of checking and reading codes printed on cartons or bundles, arranged manually, with their aggregation to shipper and pallet. Most companies have a bundle of aggregation workstations that includes a reading station and a case station. Additionally, it has an optical character verification (OCV) system that shows the feedback on the human-machine interface (HMI) panel that aids the operator by ensuring maximum safety checks and aggregation operations. Besides, the workstation also uses high-resolution cameras that aid in inspecting bundles, non-standard formats, unpackaged cartons, and wrapped cartons.

Some of the leading firms in the Asia-Pacific track & trace in food & beverage market include Marel, Korber AG, HCL Technologies, Inexto, Optel Group, etc.

HCL Technologies Limited is a global IT services provider that offers a vast range of IT infrastructure, engineering, and software services. Its technology products and services portfolio includes supply chain, finance & accounting, enterprise function as a service, human resource outsourcing, business process, engineering, application, and infrastructure management services. The company has operations across Europe, Asia-Pacific, and the Americas, with headquarters in Noida, Uttar Pradesh, India.

One of its key products, food safety and traceability, helps ensure compliance with food safety regulations with complete visibility of the supply chain.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Product, Application, Technology, End-User
Countries Analyzed Australia & New Zealand, Vietnam, Thailand, Indonesia, India, Japan, South Korea, China, and Rest of Asia-Pacific
Companies Analyzed

HCL Technologies, Optel Group, VISIOTT, Zebra Technologies Corporation, Siemens AG, Korber AG, CH Robinson, TraceX Technologies, Trace Food, Marel, Adents (Antares Vision), Inexto, HarvestMark, Antares Vision SpA, rfXcel Corporation (Antares Vision)

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    Table of Contents

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: TRACK & TRACE MARKET
      • DEVELOPMENT OF TRACK & TRACE MARKET
      • KEY DRIVERS
        • CONSUMER CONCERNS ABOUT FOOD SAFETY
        • RISE IN FOOD PRODUCT RECALLS AND CONTAMINATION CASES
        • INITIATIVES BY REGULATORY BODIES TO IMPROVE FOOD SAFETY ACROSS COUNTRIES
      • KEY RESTRAINTS
        • DEARTH OF BASIC INFRASTRUCTURE IN DEVELOPING COUNTRIES
        • DIFFICULTY IN DATA COLLECTION AND NEED FOR MORE ACCURATE INFORMATION
        • COST REQUIREMENTS FOR TRACEABILITY SYSTEMS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON TRACK & TRACE IN FOOD & BEVERAGE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • REGULATORY FRAMEWORK
    2. MARKET BY PRODUCT
      • HARDWARE SYSTEMS
        • PRINTING AND MARKING SOLUTIONS
        • MONITORING AND VERIFICATION SOLUTIONS
        • LABELING SOLUTIONS
        • OTHER HARDWARE SYSTEMS
      • SOFTWARE SOLUTIONS
        • PLANT MANAGER SOFTWARE
        • LINE CONTROLLER SOFTWARE
        • BUNDLE TRACKING SOFTWARE
        • OTHER SOFTWARE SOLUTIONS
    1. MARKET BY TECHNOLOGY
      • BARCODE
      • RFID (RADIO FREQUENCY IDENTIFICATION)
    2. MARKET BY APPLICATION
      • SERIALIZATION SOLUTIONS
        • BOTTLE SERIALIZATION
        • LABEL SERIALIZATION
        • CARTON SERIALIZATION
        • DATA MATRIX SERIALIZATION
      • AGGREGATION SOLUTIONS
        • BUNDLE AGGREGATION
        • CASE AGGREGATION
        • PALLET AGGREGATION
    1. MARKET BY END-USER
      • DAIRY PRODUCTS
      • MEAT, POULTRY & SEAFOOD
      • BEVERAGES
      • OTHER END-USERS
    2. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ADENTS (ANTARES VISION)
        • ANTARES VISION SPA
        • CH ROBINSON
        • HARVESTMARK
        • HCL TECHNOLOGIES
        • INEXTO
        • KORBER AG
        • MAREL A
        • OPTEL GROUP
        • RFXCEL CORPORATION (ANTARES VISION)
        • SIEMENS AG
        • TRACE FOOD
        • TRACEX TECHNOLOGIES
        • VISIOTT
        • ZEBRA TECHNOLOGIES CORPORATION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – TRACK & TRACE IN FOOD & BEVERAGE

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY PRODUCT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY HARDWARE SYSTEMS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY HARDWARE SYSTEMS, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY SOFTWARE SOLUTIONS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY SOFTWARE SOLUTIONS, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 13: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY SERIALIZATION SOLUTIONS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 14: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY SERIALIZATION SOLUTIONS, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 15: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY AGGREGATION SOLUTIONS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 16: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY AGGREGATION SOLUTIONS, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 17: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 18: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 19: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 20: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 21: LEADING PLAYERS OPERATING IN ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET

    TABLE 22: LIST OF MERGERS & ACQUISITIONS

    TABLE 23: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 24: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 25: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

    FIGURE 6: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY HARDWARE SYSTEMS, 2022-2030 (IN $ MILLION)

    FIGURE 7: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY HARDWARE SYSTEMS, IN 2021

    FIGURE 8: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY PRINTING AND MARKING SOLUTIONS, 2022-2030 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY MONITORING AND VERIFICATION SOLUTIONS, 2022-2030 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY LABELING SOLUTIONS, 2022-2030 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY OTHER HARDWARE SYSTEMS, 2022-2030 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY SOFTWARE SOLUTIONS, 2022-2030 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY SOFTWARE SOLUTIONS, IN 2021

    FIGURE 14: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY PLANT MANAGER SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY LINE CONTROLLER SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY BUNDLE TRACKING SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY OTHER SOFTWARE SOLUTIONS, 2022-2030 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021

    FIGURE 19: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY BARCODE, 2022-2030 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY RFID, 2022-2030 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 22: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY SERIALIZATION SOLUTIONS, 2022-2030 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY SERIALIZATION SOLUTIONS, IN 2021

    FIGURE 24: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY BOTTLE SERIALIZATION, 2022-2030 (IN $ MILLION)

    FIGURE 25: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY LABEL SERIALIZATION, 2022-2030 (IN $ MILLION)

    FIGURE 26: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY CARTON SERIALIZATION, 2022-2030 (IN $ MILLION)

    FIGURE 27: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY DATA MATRIX SERIALIZATION, 2022-2030 (IN $ MILLION)

    FIGURE 28: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY AGGREGATION SOLUTIONS, 2022-2030 (IN $ MILLION)

    FIGURE 29: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY AGGREGATION SOLUTIONS, IN 2021

    FIGURE 30: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY BUNDLE AGGREGATION, 2022-2030 (IN $ MILLION)

    FIGURE 31: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY CASE AGGREGATION, 2022-2030 (IN $ MILLION)

    FIGURE 32: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY PALLET AGGREGATION, 2022-2030 (IN $ MILLION)

    FIGURE 33: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 34: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY DAIRY PRODUCTS, 2022-2030 (IN $ MILLION)

    FIGURE 35: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY MEAT, POULTRY & SEAFOOD, 2022-2030 (IN $ MILLION)

    FIGURE 36: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY BEVERAGES, 2022-2030 (IN $ MILLION)

    FIGURE 37: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 38: ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 39: CHINA TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 40: JAPAN TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 41: INDIA TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 42: SOUTH KOREA TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 43: INDONESIA TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 44: THAILAND TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 45: VIETNAM TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 46: AUSTRALIA & NEW ZEALAND TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 47: REST OF ASIA-PACIFIC TRACK & TRACE IN FOOD & BEVERAGE MARKET, 2022-2030 (IN $ MILLION)       

    SEGMENTATION

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY PRODUCT
      • HARDWARE SYSTEMS
        • PRINTING AND MARKING SOLUTIONS
        • MONITORING AND VERIFICATION SOLUTIONS
        • LABELING SOLUTIONS
        • OTHER HARDWARE SYSTEMS
      • SOFTWARE SOLUTIONS
        • PLANT MANAGER SOFTWARE
        • LINE CONTROLLER SOFTWARE
        • BUNDLE TRACKING SOFTWARE
        • OTHER SOFTWARE SOLUTIONS
    1. MARKET BY TECHNOLOGY
      • BARCODE
      • RFID (RADIO FREQUENCY IDENTIFICATION)
    2. MARKET BY APPLICATION
      • SERIALIZATION SOLUTIONS
        • BOTTLE SERIALIZATION
        • LABEL SERIALIZATION
        • CARTON SERIALIZATION
        • DATA MATRIX SERIALIZATION
      • AGGREGATION SOLUTIONS
        • BUNDLE AGGREGATION
        • CASE AGGREGATION
        • PALLET AGGREGATION
    1. MARKET BY END-USER
      • DAIRY PRODUCTS
      • MEAT, POULTRY & SEAFOOD
      • BEVERAGES
      • OTHER END-USERS

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