Mexico - Latin America Food Traceability Market Size & Outlook
The food traceability market in Mexico - Latin America is expected to reach a projected revenue of US$ 424.9 million by 2030. A compound annual growth rate of 7.4% is expected of Mexico - Latin America food traceability market from 2024 to 2030.
Revenue, 2023 (US$M)
$257.0
Forecast, 2030 (US$M)
$424.9
CAGR, 2024 - 2030
7.4%
Report Coverage
Mexico
Mexico - Latin America Food Traceability Market, 2017-2030 (US$M)
Global Market
Related Markets
Mexico food traceability market highlights
- The Mexico food traceability market generated a revenue of USD 257.0 million in 2023 and is expected to reach USD 424.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, barcodes was the largest revenue generating technology type in 2023.
- Radio Frequency Identification is the most lucrative technology type segment registering the fastest growth during the forecast period.
Food traceability market data book summary
| Market revenue in 2023 | USD 257.0 million |
| Market revenue in 2030 | USD 424.9 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Barcodes |
| Fastest growing segment | Radio Frequency Identification |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radio Frequency Identification, Barcodes, Infrared, Biometrics, Global Positioning Systems |
| Key market players worldwide | Carlisle Companies Inc, Zebra Technologies Corp Class A, SGS AG, Merit-Trax Technologies, FoodLogiQ, SafeTraces, Food Forensics, Bext360, Rfxcel, Covectra, Bar Code Integrators |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% of the global food traceability market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil food traceability market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 424.9 million by 2030.
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Food Traceability Market Scope
Food Traceability Market segmentation & scope
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Food Traceability Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Carlisle Companies Inc | View profile | 11,000 | 16430 North Scottsdale Road, Suite 400, Scottsdale, AZ, United States, 85254 | www.carlisle.com |
| Zebra Technologies Corp Class A | View profile | 9,750 | 3 Overlook Point, Lincolnshire, IL, United States, 60069 | www.zebra.com |
| SGS AG | View profile | 103,193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | www.sgs.com |
| Merit-Trax Technologies | View profile | 11-50 | Mont-royal, Quebec, Canada, North America | merit-trax.com/ |
| FoodLogiQ | View profile | 51-100 | Durham, North Carolina, United States, North America | www.foodlogiq.com |
| SafeTraces | View profile | 11-50 | Pleasanton, California, United States, North America | www.safetraces.com |
| Food Forensics | View profile | 11-50 | Norwich, Norfolk, United Kingdom, Europe | foodforensics.co.uk/ |
| Bext360 | View profile | 11-50 | Denver, Colorado, United States, North America | www.bext360.com/ |
| Rfxcel | View profile | 51-100 | San Ramon, California, United States, North America | www.rfxcel.com |
| Covectra | View profile | 11-50 | Westborough, Massachusetts, United States, North America | www.covectra.com/ |
Mexico - Latin America Food Traceability Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Food Traceability Market Outlook will help companies and investors design strategic landscapes.
Barcodes was the largest segment with a revenue share of 34.16% in 2023.
Horizon Databook has segmented the Mexico - Latin America food traceability market based on radio frequency identification, barcodes, infrared, biometrics, global positioning systems covering the revenue growth of each sub-segment from 2017 to 2030.
- Mexico - Latin America Food Traceability Market Technology Type Outlook (Revenue, USD Million , 2017-2030)
- Radio Frequency Identification
- Barcodes
- Infrared
- Biometrics
- Global Positioning Systems
- Others
- Mexico - Latin America Food Traceability Market Software Outlook (Revenue, USD Million , 2017-2030)
- Enterprise Resources Planning (ERP)
- Friction Welding
- Laboratory Information Systems
- Warehouse Software
- Supply Chain Management (SCM)
- Others
- Mexico - Latin America Food Traceability Market End User Outlook (Revenue, USD Million , 2017-2030)
- Fruits & Vegetables
- Fruit Pulp & Concentrates
- Dairy Products
- Fish, Meat, and Seafood
- Processed Food
- Bakery & Confectionary
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Food Traceability Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Food Traceability Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Food Traceability Market, 2017-2030 (US$M)
Mexico food traceability market statistics, by technology type, 2017-2030 (US$M)
