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Food certification Market Estimated to Grow at CAGR of 6.5% During 2019-25

Food certification M

iCrowdNewswire   Jan 8, 20203:32 AM ET

Food Certification Market Overview:

According to the World Health Organization’s (WHO) assessment on foodborne illnesses, one in every ten children fall ill or die due to consumption of contaminated food. The burden of making food safer and cleaner to purchase, and eat, falls on the shoulders of the food and beverage (F&B) industry that is now highly reliant on food certification from regulatory authorities for establishing trust in consumers. With rising disposable personal income (DPI) among the urban population, families in metropolitan cities are dependent on packaged foods available at hypermarkets, convenience stores, and supermarkets. Increase in awareness of health problems has inspired consumers to carefully read product labels in order to know whether products have been properly certified or not. This has boosted the global food certification market to a market size of $8 billion in 2018. During the forecast period 2019-2025, the food certification market has been estimated to grow at a CAGR of 6.5%.

In the past few years, the primary focus of the European Commission has been on food safety and quality. They have listed stringent rules and regulations for producers and traders who wish to mark their products as “organic”. Similarly, they have also developed a framework for food certification, thereby empowering Europe to lead the market with a regional share of 38% in 2018.

Food Certification Market Growth Drivers:

Ø  Pest Control

With the world becoming warmer and a rising population leading to increased deforestation, diseases spread by insects and rodents have become a common phenomenon. Rodents generally scurry around in restaurant kitchens where they spend potential diseases. Food premises therefore need to be regularly checked for any endemic diseases that they might spread, thereby creating growth opportunities for the food certification market.

Ø  An Increase In Frozen Food

The working class is now resorting to purchasing groceries and other edibles from supermarkets, out of sheer convenience. This has led to a noticeable increase in sales of frozen foods as they last longer in refrigerators and help save cooking time. There are different types of frozen foods including processed meat and poultry, organic food, infant food, dairy products, beverages, and seafood. For protein requirement, people generally depend on processed meat and poultry products which is why this application segment has been evaluated to grow at a CAGR of 6% through to 2025. Frozen food market has ensured the need for food certification bodies to take charge and help consumers in trusting the product before making repeated purchases.

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Food Certification Market Key Players Perspective:

Key market players in the food certification market have collectively played a role in reduction of foodborne illnesses in the world. Some of these companies include DEKRA SE, ALS Limited, Underwriters Laboratories Inc., Kiwa Sverige, Lloyd’s Register, TV SD, Bureau Veritas, SGS SA, Intertek Group Plc, and Eurofins Scientific.

Underwriters Laboratories have made a name for themselves in ensuring compliance to food safety regulations and guidelines. Their supply chain solutions for the food industry include compliance with the U.S. FDA’s Food Safety Modernization Act as well as other government regulations.

Food Certification Market Trends:

Ø  Promotion Of Food Certifications

The global food certification market is being disrupted by governmental interventions, especially initiatives taken by the U.S. government such as Safe Food Quality (SQF), GlobalGAP, and British Retail Consortium. SFQ is a globally recognized program, trusted by retailers and brand owners, which  provides a certification label only after performing rigorous checks to meet customer standards. Certifications like these promote trust in consumers, and drive market demand.

Food Certification Market Research Scope

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Food Certification Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Food Certification Market, and their specific applications in different areas.

Food Certification Market Report: Industry Coverage

The food certification market can be segmented into certification type, and food type. By certification type, the market can be divided into ISO 22000, SQF, BRC, IFS, USDA Organic, Halal, and Kosher. And by food type, the market can be fragmented into processed meat and poultry, organic food, infant food, dairy products, beverages, and seafood.

The Food Certification Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

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