Food Certification Market worth $11.45 Billion by 2023

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 market during the review period.

The report “Food Certification Market by Type (ISO 22000, BRC, SQF, IFS, Halal, Kosher, Free-From Certification), Application (Meat, Poultry, and Seafood, Dairy, Infant Food, Beverages, Bakery & Confectionery), Risk Category, and Region – Global Forecast to 2023″ 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. The market is driven by the factors such as increasing consumer awareness about certified food products, growing demand for processed meat products certification, and rising prevalence of foodborne illness. Furthermore, growing international trade, coupled with increasing food safety regulations, has been boosting the demand for food certifications.

Browse 82 market data Tables and 60 Figures spread through 174 Pages and in-depth TOC on “Food Certification Market – Global Forecast to 2023”

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Free-from certifications segment is projected to be the fastest-growing from 2018 to 2023

The free-from certifications segment is projected to grow at the highest CAGR among all food certification types from 2018 to 2023. It includes gluten-free, allergen-free, vegan, USDA Organic, and GMO-free certifications. Government bodies of various countries are actively promoting gluten-free certification schemes, systems, and programs. Regulatory bodies in various countries are asserting that food producers should have appropriate allergen labeling on their products owing to the growing concerns about food allergies. These factors are expected to drive the demand for free-from certifications during the forecast period.

Meat, poultry, and seafood products segment, by application, is estimated to lead the market with the largest share in 2018

Food certification is highly required for meat, poultry, and seafood products; this certification system is required for the entire value chain of meat, poultry, and seafood products—from processors to importers, exporters, and distributors.

Consumers, retailers, and manufacturers in the food industry are increasingly demanding information and assurance about safety and sustainability of their meat, poultry, and seafood purchases. The increase in consumer concerns about the quality, nutrition, price, and safety of these products drives the certification market for meat, poultry, and seafood products.

Europe is estimated to contribute to the largest share in the global food certification market in 2018

The European region is estimated to dominate the food certification market in 2018; this is further projected to grow at a significant CAGR during the forecast period. This market is mainly driven by the factors such as increase in instances of food recalls, the role of government authorities supporting food certification, and growth in demand for safe and high-quality food products from European consumers.

Furthermore, Germany accounted for the largest country in the European food certification market, and is majorly driven by the government regulations and food standards that are enabling manufacturers and suppliers to uptake food certifications. Additionally, manufacturers exporting to Germany are required to have IFS and BRC certifications; the food certification market is thus expected to grow at a considerable rate in the next few years.

Asia Pacific acquired the second-largest share of the global food certification market in 2017. This market is expected to be mainly driven by increase in stringency of rules & regulations as well as rise in food adulteration, food fraud, and food recall instances in this region.

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).

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