Chicago, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The global food traceability market size is estimated to be valued at USD 16.8 billion in 2020. It is projected to reach USD 26.1 billion by 2025, recording a CAGR of 9.1%, in terms of value. There is an increase in the demand of tracking the safety and concern about food and beverages, which is driving the market. Key Players in the Market C.H. Robinson (US) Bio-Rad Laboratories, Inc. (US) OPTEL GROUP (Canada) Cognex (US) Honeywell International Inc. (US) SGS SA (Switzerland) Zebra Technologies (US) Bar Code Integrators (US) Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103288069 Drivers and Opportunities Drivers: Increase in foodborne diseases and food adulteration incidents cause serious health-related issues Foodborne illnesses are generally caused due to the contamination of food with pathogens and mycotoxins. The presence of pathogens, such as Salmonella and Listeria, in food certainly compromises the microbiological safety and quality of food, thereby resulting in foodborne illnesses. According to the CDC, 76 million cases of foodborne illnesses are recorded in the US every year, resulting in 325,000 hospitalizations and 5000 deaths. Although, according to WHO, the WHO region of the Americas has the second-lowest burden due to foodborne diseases. Opportunities: Government contribution to offer opportunities for the adoption of food traceability systems Stringent regulations set by the government in developed regions, such as Europe, are projected to further highlight the importance of food safety across all stages of the supply chain. For instance, EFSA (European Food Safety Agency) is raising the awareness of food safety in Europe and amendments are made ...