The global food traceability market is expected to grow at a compound annual growth rate of 9.88 percent from 2015-2019, according to technology research and advisory company TechNavio.

According to the report, the emergence of analytics systems in this market is expected to significantly affect market growth. Analytics help organizations make informed decisions based on real-time data. These systems can also facilitate the tracking of food products in all phases of production, processing, packaging and distribution.