The invention discloses a product information tracking system and method. The system comprises a server and a code spurting device. The server is used for transmitting product identification information to the code spurting device and receiving the product identification information transmitted by a mobile terminal after acquiring the product identification information on the product, adding consumption information in the corresponding product information in a database according to the received product identification information and performing statistics of the number of the products of which the consumption information is added in the database so as to track the consumption situation of the product. The code spurting device is used for receiving the product identification information transmitted by the server and spurting the product identification information on the product. Statistics of consumption of the products can be realized so that the requirement of the product manufacturer for monitoring the consumption situation of the products can be met; meanwhile, the product manufacturer is enabled to know the demand quantity of each class of product so as to adjust the production scheme in time, meet the requirements of the market and enhance the economic benefits of the manufacturer.