views
The food
certification market is expected to grow from US$ 11,053.9 million in
2024 to US$ 28,405.7 million by 2034. Over the forecast period, food
certification demand will likely rise at 10.4% CAGR.
In an era where consumers prioritize safety, quality, and
sustainability, food certifications stand as a beacon of assurance. The demand
for certified products, ranging from organic and non-GMO to fair trade,
gluten-free, and animal welfare, is witnessing a significant upswing.
Certification bodies are adapting to this surge by tailoring
programs to meet diverse consumer needs, while stringent regulations are being
implemented globally to uphold food safety standards. The market is
experiencing robust growth as countries worldwide embrace certification
programs, leveraging technological advancements like blockchain to enhance
transparency in the food supply chain.
As processed and convenient foods gain prominence and
e-commerce becomes integral to our lives, the importance of food certification
is further underscored. The rise of online food delivery platforms emphasizes
the need for certified products that consumers can trust.
The demand for halal and ‘free-from’ certified food is a
notable driver, prompting companies to adopt rigorous certification methods.
This not only aligns with consumer preferences but also establishes and
maintains trust in the food industry.
The market’s trajectory points towards continued growth,
fueled by the global expansion of the food sector and a rising demand for halal
products, particularly in Middle Eastern countries.
Click Here to Get Free Sample Copy of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-4215
Key Takeaways:
In 2024, the United States held a prominent share of 8.6% in
the food certification market. The country faces challenges related to
foodborne illnesses, with 48 million cases recorded annually and nearly 128,000
hospitalizations. Increased adoption of processed meat products has led to
fraud cases.
Japan is expected to have a growth opportunity in the food
certification market, holding over 4.1% of the global market share. The
increasing demand for organic food has led to the initiation of certification
programs by governing bodies. The growing awareness of clean-label ingredient
food and strict regulations imposed by food regulatory bodies contribute to the
market’s growth in Japan.
In India, the food certification market is driven by the
clean-label food movement, increasing health awareness, and the rise in demand
for kosher and halal food certification. The prevalence of foodborne diseases
in the country has created a need for food certification, with India having a
high number of reported cases.
China’s food certification market is anticipated to expand
by 11.2% in the next decade. The expansion of food infrastructure and the
rising demand for processed meat contributes to the increasing need for food
certification. The country has experienced outbreaks of foodborne diseases,
leading to strict norms and regulations imposed by regulatory bodies.
Free from certifications, ISO 22000 is expected to gain
traction in the food certification market, holding 11.2% of the market value
share. The increasing demand for organic and natural products, along with
government initiatives and clean-label food awareness, drives the need for
certification.
Among the primary applications in the food certification
market, bakery and confectionery products hold a significant share of 12.8%.
Certification programs ensure the quality, safety, and integrity of these
products, assuring consumers.
Competitive Landscape
Bureau Veritas, Eurofins Scientific, Intertek Group PLC, SGS
Group, and NSF International are some of the prominent competitors in this
sector. Mergers and acquisitions are also allowing these big businesses to
maintain their dominance over other regional competitors in the market. For
example,
- In
September 2021, Bureau Veritas purchased AET France, a testing company
established in France that provides product development and other testing
services to consumers.
- Intertek
Group PLC is going to launch a new vegan food certification mark in
September 2022 to assure complete trust in product claims. The Intertek
Vegan Certification is meant to examine the suitability of food products
for vegan and plant-based customers.
Comments
0 comment