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Food Certification Market: Outlook, Opportunities and Demand Analysis, Forecast 2018- 2023

Author: Mitali Kekane
by Mitali Kekane
Posted: Jul 19, 2020
food certification

Certification standards address compliance to food safety and quality parameters of food, packaging, packaging materials, and storage & distribution for primary producers, manufacturers, and distributors. Factors such as increasing consumer awareness about certified food products, growing demand for processed meat products certification, and rising prevalence of foodborne illness are expected to drive the growth of the market for food certification during the forecast period. Market players are responding to new opportunities by expanding their global presence and gaining accreditations by government bodies.

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Market Dynamics

Drivers

  • Increasing Consumer Awareness About Certified Food Products
  • Increasing Demand for Processed Meat Product Certification
  • Food Quality Certification Scheme
  • Increasing Prevalence of Foodborne Illness

Restraints

  • Lack of Harmonization in Food Certification Standards & Guidelines Across the Globe
  • Lack of Food Control Infrastructure & Resources in Developing Countries

Opportunities

  • Growing Trend of Outsourcing Certification From Third Parties
  • Food Processing Industry Making Food Safety Management A Mandate
  • Organic Food Certification
  • Growing Number of Small & Medium Scale Enterprises (Smes)

Challenges

  • Lack of Awareness About Food Certification Among Small-Scale Manufacturers
  • Increasing Incidences of False Labeling & Certification

Target Audience:

  • Accreditation bodies
  • Certification bodies
  • End users

High-risk foods segment projected to grow at the highest CAGR, by risk category, from 2018 to 2023

The high-risk foods segment, by risk category, is projected to grow at a relatively higher rate during the forecast period. Due to their highly perishable nature, stringent quality standards are maintained while manufacturing, storing, and transporting these products. Strong regulations are imposed by the governments across the world for the manufacturing, handling, and trading of high-risk products. Therefore, this segment is projected to grow at the highest CAGR during the review period.

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North America is projected to be the fastest-growing region during the forecast period.

The North American region is projected to grow at the highest CAGR during the forecast period. The North American market is mainly driven by the strong food safety regulations imposed by the governments across the North American countries for imported goods.

The US accounted for the largest country-wise market for food certification in the North American region, and is majorly driven by the factors such as initiatives taken by the US government pertaining to certification and accreditation services and promotion of food certifications such as Safe Food Quality (SQF), GlobalGAP, and British Retail Consortium (BRC). Canada is the second-largest food certification market in this region. The stringency of food safety and import-export regulations imposed by the Canadian government are driving the market in the country.

This report includes a study of business strategies, along with the product portfolios, of leading companies such as DEKRA SE (Germany), DNV GL (Norway), Intertek Group Plc (UK), SGS SA (Switzerland), TÜV SÜD (Germany), Lloyd’s Register (UK), Eurofins Scientific (Luxembourg), Kiwa Sverige (Sweden), ALS Limited (Australia), and UL LLC (US).

About the Author

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 com

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Author: Mitali Kekane

Mitali Kekane

Member since: Feb 05, 2019
Published articles: 54

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