Global Food Certification Market to Surpass US$ 17.4 Bn by 2030
The global food certification market is projected to reach US$ 17.4 Bn by the end of 2030. The market was valued at US$ 10 Bn in 2020. If these figures hold true, the market will exhibit a CAGR of 5.7% between 2020 and 2030. North America is projected to grow at the highest CAGR. The food certification market is especially driven by the sturdy food safety laws obligatory by the governments across the North American countries for foreign merchandise.KEY RESEARCH FINDINGS
- The clean label movement has gained momentum within the recent past. The subsequent concerns such as diet, organic cultivation process, health worth, and quality of ingredients continue to push demand for food certification authorities.
- Prevalence of food-borne diseases pressurize formation of strong food safety standards in Asia, thereby bolstering market growth.
- Fast developing Asian economies such as India, China, and Japan register the maximum demand for food certification.
- A notable surge in meat and meat products consumption over the recent past underscores the need for having stringent food certification norms to warrant safety and authenticity of meat, including Halal, and Kosher.
- Food certifications will continue to gain traction as a necessity, with dynamic business models, frequently evolving legislation and regulatory standards, and globalization of the food sector.
key factors shaping food certification market
Urge to Appeal to Target Customers
A large number of companies operating in food processing sector are adopting food certification methods with an aim to garner consumer trust in terms of quality and safety. As the entire food certification process covers safety of all parameters from production, packaging, storage, and distribution, industry stakeholders are developing indulging more in presenting certified food products to appeal to target customers.
Popularity of Multi-domestic Foodservice and Retail Chains
The food sector is going global and the fusion food culture is flourishing. With a sizeable consumer population shifting towards processed and convenience foods, the demand for food certification will remain the paramount. Emergence of multi-domestic retail chains in food and foodservice sectors, particularly in developing economies, is compelling government authorities to step in and monitor safety and security. This is another strong factor driving food certification market.
COVID-19 Impact
The COVID-19 pandemic is posing a profound impact on the food certification market. Protecting measures like tariffs and trade barriers could lead to food shortage and increased worth of products. Product shortfalls and supply chain disruptions are most likely to conjointly impact the market performance in near term. Some countries square measure limiting the exports amid the coronavirus outbreak, which would further alter the demand for certified food products.
The economic consequences of social distancing norms in an effort to achieve virus containment also have a deep impact on the market too. Speedy and unprecedented policy responses to each counter and mitigate these declines highlight the necessity for firms to establish property growth amidst these tough times.
food certification market STRUCTURE ANALYSIS
Some of the leading players are focusing on satisfying an array of diets and lifestyle trends and at the same time provide assurance that the ingredients are minimalist in nature. Most of them are actively involved in mergers and acquisitions, following the thriving globalization trend in food sector.
REPORT SCOPE
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Report Metric |
Details |
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Base year considered |
2019 |
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Actual estimates/Historical data |
2015 - 2019 |
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Forecast period |
2020 - 2030 |
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Forecast units |
US$ Mn |
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Segments covered |
Type, Application, and Region |
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Regions covered |
North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA |
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Key Players |
AsureQuality Limited, Bureau Veritas, DEKRA SE, DNV GL, Eurofins Scientific, Intertek Group Plc., Lloyd’s Register Group Limited, SGS SA, TÜV SÜD, and Underwriters Laboratories Inc. |
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Growth Drivers |
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Report Coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
Processed Meat Product Certification Stay in Demand
With the increasing demand for processed meat merchandise, the cases of meat fraud are increasing. The worldwide increase in malpractices, and an oversized variety of fraud, and adulteration incidents for meat & meat merchandise have resulted in a controlled growth of the food certification for the meat market. Non-secular issues among shoppers, particularly monotheism and Jewish populations, drive the demand for halal and kosher certification for meat & meat merchandise.
The demand for meat certification is driven by the increasing stringency of regulatory bodies over safety and credibility of meat. The same, in turn, is driven by the increasing shopper demand for certified merchandise.
North America Holds Distinguished Share In The Market
In the North American region, the certification bodies, via follow-up and thorough audits, certify that the businesses engaged in food and alcohol production follow adequate food management processes. USDA’s strict restrictive norms force makers to fits the laws and still drive the market. The food trade is deeply compact by new FSMA rules and shoppers demand bigger transparency once it involves food consumption. This is often expected to drive the demand for food certification. The U. S. junction rectifier the North American market, thanks to the growing health consciousness and shopper awareness on the aspect effects of impure food merchandise within the region. Somerdale International, the leading businessperson of British cheeses and farm merchandise to the U. S., has launched the primary, fully-accredited, and non-GMO British cheddar cheese. The new “Westminster Sharp” has been licensed as non-GMO by independent agency International.
Lack of Infrastructure and Cash for Food Security in Developing Countries
In developing countries, there's a necessity to update and revise the present legal framework concerning food quality and safety. The infrastructure of food management bodies in several developing countries is probably going to be scarce thanks to restricted resources, restricted technology, and poor management. Laws governing food standards are typically lacking necessary standards or are concurrent. Food management infrastructure could also be non-existent, poorly organized, or inadequately supported due to the dearth of enough money resources. In several countries, totally different government ministries or agencies are concerned in food regulation and management however their failure to coordinate their activities leads to a waste of resources due to overlapping and redundant work efforts. There's typically a necessity for improved restrictive food scrutiny and laboratory services, development of food management social control programs, and also the administration and coordination of food management activities in developing countries. Coaching in technical areas of food management is sort of invariably required in such countries.
ISO 22000 segment held the leading market share
EFSA segment forecast to higher rate of growth
Processed meat & poultry segment holds dominance
Seafood segment to rise at a higher CAGR
How Growth will Unfold
The ongoing trend for food transparency and credibleness among shoppers is one amongst the largest drivers that's expected to form the expansion of the food certification market. At present, shopper purchase selections ar mostly influenced by in-depth product info and transparency. Major market players are focusing their efforts to create their credibleness and client loyalty by giving merchandise with ‘clean label’. additionally, as shoppers still demand for healthier and clean foods worldwide, food certification is turning into a growing concern for food makers.
The onset of latest food merchandise plus growing shopper awareness are anticipated to propel the expansion of the food certification market in the coming years. The working class is currently resorting to buying groceries and alternative edibles from supermarkets, out of sheer convenience. This has junction rectifier to evident increase in a sales of frozen foods as they last longer in refrigerators, and facilitate save preparation time
With rising disposable income (DPI) among the urban population, families in metropolitan cities are obsessed with prepackaged foods on the market at hypermarkets, convenience stores, and supermarkets. Increase in awareness of health issues has made shoppers fastidiously browse product labels to understand whether merchandise are properly certified or not. The ongoing shopping pattern supports the expansion of the food certification market.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Food Certification Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Food Certification market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Food Certification market, the growth prospects of the market are obtained with maximum precision.
Food Certification Market Taxonomy
The global Food Certification market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Type
- ISO 22000
- BRC
- SQF
- IFS
- Halal
- Kosher
- Free-From Certifications
- Others
Application
- Meat
- Poultry
- Seafood
- Dairy
- Infant Food
- Beverages
- Bakery & Confectionery
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
What's Included
The executive summary of the Food Certification market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Food Certification market.
Readers can find the detailed segmentation and definition of the Food Certification market in this chapter, which will help them understand basic information about the Food Certification market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Food Certification market report.
The associated industry assessment of the Food Certification market is carried out in this section. The macroeconomic factors affecting growth of the Food Certification market are provided in this section and the impact of these macroeconomic indicators on the Food Certification market is analyzed. The processing overview and technological advancements in the Food Certification market is also provided.
Profit margins at each level of the Food Certification market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Food Certification market.
The drivers and restraints impacting the growth of the Food Certification market are explained in this chapter. Opportunities and ongoing trends in the Food Certification market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Food Certification market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Type, the Food Certification market is segmented into Freeze-dried and Frozen. In this chapter, readers can find information about key trends and developments in the Food Certification market and market attractiveness analysis.
Based on Application, the Food Certification market is classified into Meat, Poultry, Seafood, Dairy, Infant Food, Beverages, Bakery & Confectionery, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Food Certification market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Food Certification market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Food Certification market in Latin America. This chapter also includes growth prospects of the Food Certification market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Food Certification market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Food Certification market.
This chapter includes a detailed analysis of the growth of the Food Certification market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Food Certification market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Food Certification in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Food Certification market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Food Certification market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are DEKRA North America, Inc., Intertek Group plc, Technischer Überwachungsverein, SGS SA, DNV GL AS, Bureau Veritas SA, Eurofins USA, Lloyd's Register Group Services Limited, AsureQuality, Kiwa, ALS Limited, Underwriters Laboratories Inc., Asure Quality Ltd., BSI Group India Pvt. Ltd., INDOCERT, and Others
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Food Certification report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Food Certification market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Distributors
- Traders
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
Secondary Research
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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