Food Certification Market Projected to Garner Significant Revenues by 2025

MarketsandMarkets
The Food certification market is estimated to account for a value of USD 4.7 billion in 2020 and is projected to grow at a CAGR of 5.4% from 2020, to reach a value of USD 6.2 billion by 2025

The Food certification market is estimated to account for a value of USD 4.7 billion in 2020 and is projected to grow at a CAGR of 5.4% from 2020, to reach a value of USD 6.2 billion by 2025. The food certification market growth has been gaining pace as it avoids nutritional risks and an increase in the need for the adoption of food safety standards to reduce the number of deaths and illnesses caused by foodborne diseases. The stringent regulations imposed by the government for food certifications draws the attention of key players in the market to develop new and effective food certification standards.

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Opportunities Growth of Halal, organic, and free-from food certifications

The increase in disposable income in Muslim-based countries, such as the Middle East, is projected to drive the adoption of halal certifications. As consumer concerns regarding meat consumption are rising, the demand for halal-certified meat products is projected to increase. The increase in demand for organic products is projected to offer high-value opportunities for the growth of the food certification market. The US, Germany, France, China, Canada, Italy, and the UK are some of the largest markets for organic food.

By application, meat, poultry & sea-food products segment is projected to dominate the Food certification market during the forecast period.

The cases of meat farus is increasing with increased demand for processed meat products. The number of malpractices or adulteration is increasing day by day across the world leading to many health issues resulting in the improved growth of meat certification. Religious concerns among consumers, especially Jewish and Muslims communities, is driving the demand for certified products which are in compliance with their beliefs, therefore the market is driven for halal and kosher certifications for meat products.

By risk category, the high-risk segment is projected to be the highest-growing segment in the Food certification market during the forecast period.

High-risk foods are often prone to bacterial contamination due to high moisture content. The population consuming such high-risk foods are in huge number, which creates a concern for food safety. Therefore, stringent regulatory standards are maintained while processing, storing, and transporting these products.

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North America is projected to grow at the highest CAGR during the forecast period.

The market for food certification in the North America region is projected to grow at the highest CAGR from 2020 to 2025. Regions like US, Canada are one of the major consumers of processed food & beverages and high-risk foods, which eventually creates more concern for food safety. Therefore, the growth in such regions is mainly due to the increase in foodborne illness among consumers and the stringent regulations imposed by the government pertinent to food safety standards.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the food certification market. It includes the profiles of leading companies like, SGS (Switzerland), DNV (Norway), Lloyd’s Register (UK), Bureau Veritas (France), Control Union Certifications (Netherlands), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD (Germany), AsureQuality (New Zealand), DEKRA (Germany), Kiwa Sverige (Sweden), ALS (Australia), NSF International (US), Aspirata (South Africa), International Certification Ltd (New Zealand), Control Union Certifications (Netherlands), Indocert (India), TQ Cert (India), Eurofins (Luxeumbourg), Socotec (France) and MS Certification Services (India).

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