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NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET FORECAST 2022-2030

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NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET FORECAST 2022-2030

The North America track & trace in food & beverage market is estimated to register a CAGR of 19.55% over the forecasted years of 2022 to 2030, acquiring a revenue share of $1101.46 million by 2030.

NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET FORECAST 2022-2030

North America 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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The North America track & trace in food & beverage market is estimated to register a CAGR of 19.55% over the forecasted years of 2022 to 2030, acquiring a revenue share of $1101.46 million by 2030.

Key factors such as continuous industrialization of the food system, consumer awareness about food products, and the increasing demand for quality food are expected to propel the regional market’s growth. However, the North America track & trace in food & beverage market is likely to face challenges like fierce price competition among leading players and problems in collecting data.

North America Track & Trace In Food And Beverage Market

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The North America track & trace in food & beverage market growth evaluation covers the analysis of the United States and Canada. The United States is set to lead the region’s market over the forecast period. The rising consumer focus on food quality as well as safety and technological advancements have resulted in increased implementation of traceability software across the food supply chain. Hence, the rise in mandatory traceability schemes has led to a higher market share in North America.

In addition, the United States traceability systems are highly motivated by governmental regulations, coupled with economic incentives. The companies operating in the country are also establishing traceability systems in order to increase safety and quality control while enhancing supply-side management. As a result, this factor will benefit companies by facilitating reduced recall expenses, lowering cost distribution systems, and proliferating the sale of high-value products. Hence, the aforementioned advantages are set to play an essential role in fueling the widespread development of traceability systems across the United States’ food supply chain.

Likewise, the track & trace in food & beverage market in Canada is essential for the creation and adoption of food traceability solutions within the region’s private and public sectors. Numerous partnerships between industry leaders and the government, undertaken through the Industry Government Advisory Committee, have fuelled the adoption of traceability solutions since the early 2000s. Hence, these factors are set to augment the market growth in North America over the forecasted years.

The North America track & trace in food & beverage market is segmented into product, application, technology, and end-user. The technology category is further segmented into barcode and RFID. Barcodes are generally accepted as a tracking technique for food manufacturers, farmers, and retailers, among others. Barcodes comprise a series of numbers indicating the product type as well as its manufacturer. In the food industry, the fresh food segment necessitates the ability to acquire products with a short life span in order to market them cost-effectively and as soon as possible. This factor supplements the need for barcode technology, thus fueling the segment’s growth.

Conversely, RFID technology plays an integral role in supply chain operations and inventory management as it improves both product handling and security. Moreover, it also diminishes the time and labor needed for product handling within the supply chain.

Some of the leading companies operating in the North America track & trace in food & beverage market include CH Robinson, Optel Group, Zebra Technologies Corporation, etc.

CH Robinson, headquartered in the United States, provides multimodal transportation services and third-party logistics. It also offers freight consolidation, information reporting services, supply chain analysis, and core carrier program management.

Moreover, the company launched a supply chain technology delivering food management and traceability services, termed Navisphere Technology.

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 The United States and Canada.
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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    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
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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
        • 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: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    TABLE 21: LEADING PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

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

    FIGURE 7: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY HARDWARE SYSTEMS, IN 2021

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

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

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

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

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

    FIGURE 13: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY SOFTWARE SOLUTIONS, IN 2021

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

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

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

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

    FIGURE 18: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL BY TECHNOLOGY, IN 2021

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

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

    FIGURE 21: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

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

    FIGURE 23: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY SERIALIZATION SOLUTIONS, IN 2021

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

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

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

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

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

    FIGURE 29: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY AGGREGATION SOLUTIONS, IN 2021

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

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

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

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

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

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

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

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

    FIGURE 38: NORTH AMERICA TRACK & TRACE IN FOOD & BEVERAGE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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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