Food traceability market size to reach $9.75 billion in 2028
Study by Emergen Research estimates global food traceability market will grow at a CAGR of 10.2% through 2028, from $4.5 billion in 2020.
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According to the study, the global food traceability market is expected to register a CAGR of 10.2% and revenue is expected to increase to $9.75 billion in 2028. Market revenue growth, according to Emergen, is expected to be driven by rising demand for food traceability systems to identify necessary documentation and tracking for each stage of food processing.
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