Global Food Traceability Software Market will grow to US$ 485.24 Mn by 2028 at 8.9% CAGR

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PUNE, India, Dec. 17, 2020 /PRNewswire/ --
The food traceability software market was valued at US$ 225.15 Mn in 2019 and is anticipated to witness a compound annual growth rate of 8.9% over the forecast period.
The Covid-19 pandemic is expected to positively influence the food traceability software market. Growing adoption among food retailers and distributors to assure consumers of the safety and quality of the food offered by them is contributing to the surge in demand for these solutions.
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Cloud-based tracking and tracing solutions is gaining momentum in the food traceability software market. Functional benefits such as ease of accessibility and deployment along with economic benefits in terms of limited capital investment is contributing towards the segment's growth, globally.

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