Food Certification Market to Reach US$16.0 bn by 2021 due to Rising Consumer Awareness about Consuming Healthy Food Products

2024-11-07 12:13:09 Lifestyle

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A new Transparency Market Research report states that the global food certification market stood at US$11.2 bn in 2014 and is predicted to reach US$ 16.0 bn by 2021. It is expected to expand at a CAGR of 5.30% from 2015 to 2021. The title of the report is ?Food Certification Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021?.

The increasing awareness and rising consumer concern about consuming healthy food products is amongst the key factors stimulating the market for food certification worldwide. Additionally, the rising occurrence of foodborne diseases is further augmenting the popularity of food certification at a global level. In addition, the rising health risks caused by consuming contaminated food products along with issues related to genetically modified organisms (GMO) as well as genetically modified food products are stimulating the food certification market worldwide. Furthermore, the rising disposable incomes and increase in money expended on quality food products are also predicted to impact the food certification market positively.

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On the basis of type, the food certification market is segmented into Safe Quality Food certification, ISO 22000, the International Food Standard, the British Retail Consortium (BRC), Halal certification, Kosher certification, the Food Safety and Standards Authority of India, the United States Department of Agriculture (USDA), the China Food and Drug Administration (CFDA), the European Food Safety Authority (EFSA), the U.S. Food and Drug Administration (FDA), the Ministry of Food and Drug Safety (MFDS), and others.

These certification bodies, via follow-up and through audits, make sure that the companies engaged in food production follow adequate food management processes. After the food security checks, these certification bodies provide certification to the respective companies engaged in the food industry worldwide. They also make sure that all the food products are disease-free and safe to be consumed. This is why food product manufacturers are taking steps to enhance their food quality and management systems by the application of safety measures at each stage of the food chain to get superior quality products.

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On the basis of application type, the food certification market is segmented into dairy products, processed meat and poultry products, organic food, infant food products, beverages, and other packaged food. On the basis of geography, the food certification market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, the U.S. led the food certification market in North America owing to the rising health consciousness along with rising consumer awareness on the side effects of adulterated food products in this region. On the other hand, Germany led the food certification market in Europe and was trailed by the U.K. China led the market in Asia Pacific, followed by India, due to the rise in the standard of living and increasing preference for superior-quality food products in this region.

Bureau Veritas, Dekra SE, AsureQuality Limited, SGS SA, Intertek Group plc., Underwriters Laboratories Inc., Lloyd's Register Group Limited, ALS Limited, and T?V S?D AG, and DNV GL Group AS are the prime players operating in the market.

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