Food Certification Market - The Quest for Transparency and Authenticity
Food Industry Operators Investing Strategic Efforts in the ‘Clean Label’ Movement
- 2019-08-27
- REP-GB-4215
- 72 Tables
- 97 Figures
- 200 pages
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Press Release:
Food Certification Market Opportunity
Food Certification – More Than Just a Tag
Over the course of the last couple of decades, focus on food safety has emerged as one of the biggest concerns for food manufacturers. Further, the onset of evolving business models, rapidly changing regulations, and rampant globalization in food supply have collectively influenced food safety standards worldwide. In addition, as the demand for ‘organic’ and ‘free-form’ foods sourced from cleaner and minimalistic ingredients ramps up, the food certification market is expected to witness a significant growth in the coming years. In the current scenario, despite some restraints, food manufacturers are striving hard to modify their products in-sync with the changing consumer demands to gain a strong foothold in the flourishing health-centric food industry.
The food certification market is expected to grow owing to several key drivers including heavy social and political pressure to enhance food safety and prevalence of infectious food-borne diseases in both, the developed as well as the developing regions.
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- Global food certification market value expected in 2019 – US$ 6.9 Bn
- Prominently driven by meat and poultry products, the global market for food certification is likely to progress at an impressive CAGR of ~11% over the predefined forecast period, 2019-2029.
- Europe is expected to remain the key regional market for investors in the food certification landscape, whereas developing regional markets are slated to emerge lucrative in years to come – particularly Latin America.
- Increasing awareness among consumers about certified, clean-labeled food products is envisaged to remain a precursor to the growth of food certification market.
Top 3 Factors Shaping the Food Certification Market
Industrialization and Urbanization is Boosting Global Food Certification Market
Increased urbanization and industrialization in the developing economies such as China, India, Brazil and other MEA countries are resulting in the fastest growth rate. The food and beverages sectors in these countries is increasing at a rapid rate. Developed countries such as U.S., Germany, Japan, U.K., the Netherlands, etc. are among the countries that depend on other countries for the supply for food and export most of the food from other countries. This is resulting in the globalization of food supply chain. The rules and regulation of the food and beverages industry are more stringent and robust in the developed countries as compared developing countries. And in order to export the products, manufacturers are obliged to follow the rules and regulations and hence, creating promising outlook in the food certification market.
Penetration of Key Market Players in the Remote Geographies with the Heightened M&A Activities in the Food Certification Market
The key players in the global food certification market are penetrating in the Asian, Middle Eastern and African and Latin American market. The big firms are frequenting the merger & acquisition activities in order to increase the market penetration. Asian, Middle Eastern and African, and Latin American markets are flourishing and creates excellent market opportunity. The heightened trend of M&A activities is prominently seen in the food certification market.
Increased Trend for the Transparent Food Products in the Global Food Certification Market
Increased trend of transparency and clean label products is driving the global food certification market. The consumer perception about the certified and claimed food and beverages products is changing. The certified food products are perceived more safe for human consumption and though to cause lesser or no risks to human health. Because of the prevalence of the health issues and diseases in the world, consumers are preferring healthy food and beverage products to avoid issues. This is creating increased demand for the certified food products and food certification market.
Food Certification Market: Structure Analysis
- The global food certification market is classified into three tiers, where tier-1 companies hold essentially large market share and have a strong presence across the globe.
- Leading companies operating in the global food Certification market include Intertek Group Plc., SGA SA, Bureau Veritas SA, Eurofins Scientific SE, ALS Limited, etc.
- Most of the key players in the global food certification market are headquartered in European and North American region, with the strong presence and penetrating in the emerging market with heightened M&A activities.
Consumers Find a Voice
In the digital era, social media and other online platforms have made it easier for consumers to access information. Thus, at present, consumer awareness regarding food safety, quality of ingredients, nutritional value, and more is at their peak. In addition, consumers are highly aware of what they are eating and the ingredients that constitute their food.
Another trend that can be observed is growing consumer understanding of transparency and authenticity of food. Food companies 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. Although ‘clean foods’ are attracting consumers worldwide, for long-term success, its growth prospects will depend on parameters such as transparency. In a nutshell, purchase decisions now heavily rely on product transparency and in-depth product information. The ‘clean label’ movement has gained momentum in the last few years and the trend is set to continue owing to high consumer awareness regarding diets, nutritional and health value, and quality of ingredients among others. The trend will play an instrumental role in the growth of the global food certification market especially in the developing regions of Asia and Latin America.
East Asia - A Promising Market with Lucrative Opportunities
In the current scenario, the major players in the food certification market are located in North America and Europe. However, in recent years, East Asia has emerged as one of the most lucrative markets for food certification owing to growing consumer awareness regarding food safety, digitalization, and quality of ingredients among others. Further, the prevalence of food-borne diseases coupled with strong political and social pressure to formulate robust food safety standards in Asia are likely to fuel the growth of the food certification market in the region. Key players rely on inorganic strategies such as mergers and acquisitions to penetrate the market in developing regions.
* This data is only a representation. Actual data may vary and will be available in report.
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Demand for Food Safety Standards High in Asia
The demand for food certification is on the rise in the major Asian economies including, India, China, and Japan. Further, nations such as Malaysia, Thailand, and South Korea have also upped their efforts to formulate an efficient framework for food safety owing to growing concerns among consumers regarding food quality and standards.
In Asia, India, Japan, and China were at the forefront to adopt Food Safety System Certification (FSSC) 22000 which is the most established certification scheme for ISO 22000. Further, the FSSC 22000 is also recognized by the Global Food Safety Initiative (GFSI) and gained acceptance worldwide. In just five years since its inception, the FSSC 22000 is the world’s fastest growing certification scheme and more than 7000 companies currently hold the FSSC 22000 certification.
In the last few years, food safety certifications have played a pivotal role in establishing trust and credibility for food manufacturers. Further, food certification plays a major role in influencing food trade in Asian countries; a crucial parameter for growth of the food market in Asia.
For several years, food safety standards have been a focal point of discussion among the ASEAN countries without any concrete solutions. Experts in the food industry have voiced their desire for harmonization of food industry standards for the ASEAN countries. Further, the harmonization of food standards within the industry is largely proposed to enhance trade and ensure consumer safety. Some of the glaring challenges market players are desperate to overcome include, technical trade barriers and halal certification.
Significant applicability identified in meat, poultry, and seafood
Application in functional foods gathering momentum
ISO 22000 certification accounts for substantial shares
Organic certification gaining prominence at rapid pace
How Growth will Unfold
The growing global trend for food transparency and authenticity among consumers is one of the biggest drivers that is expected to shape the growth of the food certification market. At present, consumer purchase decisions are largely influenced by in-depth product information and transparency. Major market players are focusing their efforts to build their credibility and customer loyalty by offering products with ‘clean label’. In addition, as consumers continue to demand for healthier and clean foods worldwide, food certification is becoming a growing concern for food manufacturers. The onset of new food products coupled with growing consumer awareness is anticipated to propel the growth of the food certification market in the coming years.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Food Certification Market Analysis 2019 - 2029
A recent market study published by FMI “Food Certification Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting 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 the reader.
By Certification Type
- BRC Food
- IFS Food
- ISO 22000
- FSSC 22000
- HACCP
- Global GAP
- Organic
- Kosher
- Halal
- Others
By Application
- Bakery & Confectionery
- Dairy Products
- Processed & Packaged Food
- Infant Food
- Alcoholic & Non-alcoholic Beverages
- Functional Food
- Meat & Poultry Products
- Seafood
By Region
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
What's Included
The report commences with the executive summary of the food certification market, which includes a summary of the key findings and key statistics of the food certification market. It also includes the market overview, wheel of fortune and the recommendations on the global food certification market.
Readers can find the detailed taxonomy and definition of the food certification market in this chapter, which will help them understand the 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.
This section in the food certification market report includes the market background, which includes various macro-economic factors that is affecting the food certification market and likely shape the global market during the forecast period. The opportunity analysis is explained for the key participants of the food certification market. This section also highlights the market dynamics that include the drivers, trends, opportunities and the restraints in the food certification market that plays important role in the global food certification market develop in the future.
This section explains the global market value analysis and forecast for the food certification market in the historical period 2014-2018 and the forecast period 2019-2029. Readers can also find the absolute opportunity for the current year (2019 – 2020) and incremental opportunity for the forecast period (2019–2029) of the global food certification market. This section also provides forecast factors that were considered while estimating the global food certification market.
Based on certification type, the food Certification market is segmented into total ten categories, consisting of most important and essential food certificates in the market, i.e., BRC Food, ISO 22000, IFS Food, FSSC 22000, Organic, Kosher, Halal, HACCP, Global GAP, and others. Within the category of others, food certificates such as SQF, MSC, ASC, etc. were considered. In this chapter, readers can find information about the key trends and developments in the food certification market and market attractiveness analysis based on the certification type.
This chapter provides details about the food certification market on the basis of application, and has been classified into bakery & confectionery, dairy products, processed & packaged food, infant food, alcoholic & non-alcoholic beverages, functional food, meat & poultry products, and seafood. In this chapter, readers can understand the market attractive analysis based on the applications.
This chapter explains how the food certification market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa (MEA) while taking an account of the economic situation and parent market scenario in the specific region.
This chapter includes a detailed analysis of the growth of the North America food certification market, 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 application and countries in North America.
Readers can find detailed information about several factors, such as the growing awareness, per capita consumption, and regional trends, which are impacting the growth of the Latin America food certification market. This chapter also includes the growth prospects of the food certification market in leading LATAM countries such as Brazil, Mexico, Chile, Peru, Argentina, and Rest of Latin America.
Important growth prospects of the food certification market based on its application in several countries such Germany, United Kingdom, France, Italy, Spain, Benelux, Nordic, and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the East Asia food certification market, along with a country-wise assessment that includes China, Japan, and South Korea. Readers can also find regional trends, regulations, and market growth based on application and countries in East Asia.
Indonesia, Thailand, Malaysia, Singapore, India are the leading countries in the South Asian region that are the prime subjects of assessment to obtain the growth prospects of the South Asia food certification market in this chapter. Readers can find detailed information about the growth parameters of the South Asia food certification market during the period 2019-2029, such as rate of population growth, increase in income, etc.
Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania food certification market.
This chapter provides information about how the food certification market will grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa, and rest of MEA, during the forecast period 2019 - 2029.
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 all leading stakeholders in the food certification market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Intertek Group Plc., SGS SA, Bureau Veritas S.A., Eurofins Scientific SE, ALS Limited, Thermo Fischer Scientific Inc., UL LLC, AsureQuality Limited, Aspirata, The SOCOTEC Group, and TUV Nord Group.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the food certification market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about 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
- Trade Map
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Food and Agriculture Organization of United States (FAO)
- United States Department of Agriculture (USDA)
- United Nations (UN)
- Trade Websites
Primary Interview Splits
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