(Entertainment-NewsWire.com, October 27, 2020 ) 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.
ISO 22000 is a food safety management system that is recognized across the world and can be applied to any organization in the food supply chain. ISO 22000 helps organizations to identify and control food safety hazards as well as to integrate food safety management with quality, environment, and health management systems. In addition, it simplifies the processes without compromising on the quality of the food products. Thus, the ISO 22000 segment is projected to grow at a significant CAGR during the review period.
The free-from segment of the global food certification market is projected to grow at the highest CAGR during the forecast period. It includes a variety of food ingredients or processed foods that are labeled with “free-from” certifications. Increase in demand for gluten-free and allergen-free certified products as well as organic foods which are free from chemical fertilizers, pesticides, GMOs, and growth regulators is projected to drive the growth of this segment in the next five years.
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).
