Food Certification Market - Strategies, Insights & Recent Developments


Posted November 26, 2019 by kmitalee

Growing international trade, coupled with increasing food safety regulations, has been fueling the demand for food certifications. Rising prevalence of foodborne illness is expected to drive the growth of the food certification market.

 
The food certification market is estimated to be valued at USD 8.87 billion in 2018, and is projected to reach USD 11.45 billion by 2023, at a CAGR of 5.2% from 2018.

This market is majorly being driven by the growing international trade, growing food safety regulations, increasing consumer awareness about certified food products, increasing demand for processed meat products certification, and rising prevalence of foodborne illness.

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The free-from certifications segment is projected to grow at the highest CAGR among all food certification types from 2018 to 2023. Due to the growing concerns among consumers about food allergies, regulatory bodies in various countries are asserting that food producers have appropriate allergen or gluten free labeling on their products, which is expected to drive the demand for free-from certifications during the forecast period.

The free-from foods segment, by application, is projected to grow at the highest CAGR during the forecast period. Increase in demand for gluten-free and allergen-free certified products as well as organic food free from chemical fertilizers, pesticides, or growth regulators is projected to drive the growth of this segment in the next five years.

Based on risk category, the high-risk foods segment is projected to grow at a relatively higher CAGR, from 2018 to 2023. Stringent quality standards are maintained while manufacturing, storing, and transporting high-risk products as they are highly perishable and highly prone to bacterial contamination. Therefore, manufacturers are led to opt for certifications for these products; this is expected to drive the growth of this segment during the forecast period.

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The North American region is projected to grow at the highest CAGR during the forecast period owing to the strong food safety regulations imposed by the governments across the North American countries for imported goods. By country, the US accounted for the largest share of the North American food certification market. It 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). Furthermore, Canada is the fastest-growing market in the North American region. The stringency of food safety and import-export regulations imposed by the Canadian government are expected to drive this market in the next few years.

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Issued By MarketsandMarkets™ INC.
Country United States
Categories Food
Tags food certification market , food certification market forecast , food certification market insights , food certification market research report , market for food certification
Last Updated November 26, 2019