Food Certification Market to surpass USD 16.09 Billion by 2021

2024-11-07 07:24:09 Lifestyle

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Transparency Market Research has published a new market report titled ?Food Certification Market, By Type (ISO 22000, International Food Standard Safe Quality Food certification, The British Retail Consortium, Kosher certification, Halal Certification, Food Safety and Standards Authority of India , The China Food and Drug Administration, The United States Department of Agriculture, The Food and Drug Administration, The European Food Safety Authority, The Ministry of Food and Drug Safety, Others), By Application type (Processed meat and poultry products, Dairy products, Infant food products, Organic food, Others Packaged Food, Beverages): Global Forecast, Market Share, Size, Growth And Industry Analysis, 2015 ? 2021?. According to the report, the global food certification market was valued at USD 11.25 billion in 2014 and is estimated to grow at a CAGR of 5.3% and reach USD 16.09 billion by 2021.

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Food certification is a process that can be applied to any stage of the food supply chain, right from primary production level to sales. Rising incidences of foodborne illness due to ingestion of contaminated food products is one of the key factors responsible for growing popularity of food certification. Food manufacturers are keen to obtain certification in order to attract consumers toward their products. Manufacturers also emphasize on certification to cope with rising competition globally. Furthermore, certified food products are perceived to be safe and secure as they pass through various verification processes. Consumers prefer to opt for certified food products to avoid unwanted health hazards caused due to consumption of contaminated food products.

In 2014, Europe held the largest market share for food certification, accounting more than 36% of total market size. Currently, Germany is dominating the market for food certification in Europe followed by the U.K. In Europe, increasing preference for certified food products in order to avoid unnecessary health hazards caused by the ingestion of contaminated food products is driving the demand for food certification. The Federal Ministry of Food and Agriculture (BMEL) is a ministry of the Federal Republic of Germany, which looks after the quality of food products and promotes healthy and safe food products. Moreover, it also works to ensure that food is protected against hazardous and allergenic substances. National Health Security Agency for Food, Environment, and Labour is a French governmental agency that deals with maintaining food safety.

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In North America, increasing health consciousness coupled with consumer awareness regarding side effects of contaminated food products is driving the food certification market. The U.S. dominates the market for food certification in North America. Furthermore, increasing incidence of foodborne illnesses is boosting the popularity of food certification in this region. United States Department of Agriculture?s (USDA) Food Safety and Inspection Service (FSIS) ensure that meat, processed eggs, and poultry products are labeled properly and safely. Furthermore, Food and Drug Administration (FDA) is responsible for protecting and promoting public health through the regulation and supervision of food safety in the U.S.

In Asia Pacific, increasing standard of living and changing eating preferences of consumers are among the major factors contributing to the growth of the food certification market. Moreover, potential health risks associated with the consumption of contaminated food products coupled with issues concerning genetically modified organisms (GMO) and genetically modified food products are driving the market for food certification in this region. Organizations such as Food Safety and Standards Authority of India (FSSAI), Food Standards Australia New Zealand (FSANZ), State Food and Drug Administration (SFDA) of China, Agri-Food and Veterinary Authority of Singapore (AVA), Centre for Food Safety (CFS) of Hong Kong, and Ministry of Food and Drug Safety formerly Korea Food & Drug Administration (KFDA) are working to ensure the safety and quality of food products. These organizations ensure the supply of quality and safe food in order to safeguard the health of consumers.

Increasing disposable income and growing expenditure on quality food products are also expected to have a positive impact on the food certification industry across RoW. Moreover, changing consumer perception towards quality food products has led to the growth of the food certification market in Rest of the World (RoW). Organizations such as National Food Safety and Quality Service (SENASA) in Argentina, Ghana Food and Drugs Authority, Halal certification, and kosher certificate ensure the safety and quality of food products being manufactured.

Some of the major players operating in the food certification market are Dekra SE (Germany), Bureau Veritas (France), AsureQuality Limited (New Zealand), Underwriters Laboratories Inc (U.S.), SGS SA (Switzerland), Intertek Group plc (U.K.), Lloyd's Register Group Limited (U.K.), T?V S?D AG (Germany), DNV GL Group AS (Norway), and ALS Limited (Australia) among others.

The market has been segmented as follows:
Global Food Certification Market by Type
ISO 22000
International Food Standard
Safe Quality Food certification
The British Retail Consortium (BRC)
Kosher certification
Halal Certification
Food Safety and Standards Authority of India
The China Food and Drug Administration (CFDA)
The United States Department of Agriculture (USDA)
The Food and Drug Administration (FDA)
The European Food Safety Authority (EFSA)
The Ministry of Food and Drug Safety (MFDS)
Others

Global Food Certification Market by Application Type
Processed meat and poultry products
Dairy products
Infant food products
Organic food
Others Packaged Food
Beverages

Global Food Certification Market by Region
North America
U.S.
Canada
Mexico

Europe
U.K
Germany
France
Rest of Europe

Asia Pacific
India
China
Japan
Rest of Asia Pacific

Rest of the World (RoW)
Latin America
Middle East
Africa