The Food Certification Market is estimated to account for USD 4.7 billion in 2020 and is projected to reach a value of USD 6.2 billion, with a CAGR of 5.4% for the forecast period 2020-2025. Factors such as the rise in demand for unadulterated products, concern for food safety, stringent regulations and laws for food products, increase in the adoption of organic products, and the mandate to meet the export standards with increased global food trade is projected to drive the growth of the food certification market.
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ISO 22000 quality certification can be applied to any organization in the food chain, from packaging manufacturers to the actual food processing facilities. It is one of the most important food safety certifications concerning the food safety hazards in the food & beverage industry. ISO 22000 certification assures consumers that the business they are buying from is working with suppliers who conform to international safety, quality, and reliability standards.
Meat, poultry & sea-food is majorly consumed in almost all the countries. Meat is highly likely to support the growth of bacteria and is prone to microbial contamination. The incidences of meat fraud are rising due to the increasing demand for processed meat products. Also, religious concerns among consumers, particularly Islamic and Jewish populations, are projected to drive the demand for Halal and kosher certification for meat and meat products. Therefore, meat, poultry & sea-food segment will continue to have huge demand for food certification.
The market for food certification in the North America region is projected to grow at the highest CAGR from 2020 to 2025. Regions like US, Canada are one of the major consumers of processed food & beverages and high-risk foods, which eventually creates more concern for food safety. Therefore, the growth in such regions is mainly due to the increase in foodborne illness among consumers and the stringent regulations imposed by the government pertinent to food safety standards.
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This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the food certification market. It includes the profiles of leading companies like, SGS (Switzerland), DNV (Norway), Lloyd's Register (UK), Bureau Veritas (France), Control Union Certifications (Netherlands), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD (Germany), AsureQuality (New Zealand), DEKRA (Germany), Kiwa Sverige (Sweden), ALS (Australia), NSF International (US), Aspirata (South Africa), International Certification Ltd (New Zealand), Control Union Certifications (Netherlands), Indocert (India), TQ Cert (India), Eurofins (Luxeumbourg), Socotec (France) and MS Certification Services (India).
Jan 17, 2022
Food Certification Market is Projected to Grow $6.2 billion by 2025
The Food Certification Market is estimated to account for USD 4.7 billion in 2020 and is projected to reach a value of USD 6.2 billion, with a CAGR of 5.4% for the forecast period 2020-2025. Factors such as the rise in demand for unadulterated products,...
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