Over the recent years, there has been increased awareness regarding promoting the sustainable environment by using clean label products. According to Food & Beverage Insider, the global sales for clean label food stands at USD 165 billion and will reach USD 180 billion by 2020. Also, around 73% of people are happy to pay higher prices for clean label food. Consequently, the rising demand for clean label food further leads the manufacturers to seek clean label certification for their products to fulfil consumers need. Therefore, the global food certification market is estimated to increase rapidly over forecasted period.
Data Bridge Market Research analyses that the Food Certification Market is expected to grow at a CAGR of 7.5% in the forecast period of 2021 to 2028 and is expected to reach USD 12,074.57 million by 2028. The side effects of foodborne diseases have awakened the consumers to become more sensitive to food safety. Therefore, with the rising concern of food safety among consumers, the government is taking initiatives to promote safe food.
Key Findings of the Study
Growing Demand for Free From Certified Food Products Drives the Market's Growth Rate
Majority of the population nowadays, are getting influenced by the vegan trend and are opting for vegan food. Additionally, the consumers who are gluten intolerant looks for food option which offers gluten free or allergen free. The surging demand for free from certified food products such as gluten free, allergen free, organic, GMO-free, and vegan among other consumers is the major factor driving the growth of global food certification market. Thus, rising demand for free from certified food and rising vegan trend coupled with increasing prevalence of Celiac disease will increase the demand for certification and boost the growth of global food certification market.
The food certification market is segmented on the basis of risk, type, application, category and end user.
In 2021, the ISO 22000 Segment is Expected to Dominate the Food Certification Market with a Market Share of 21.56%
In 2021, the ISO 22000 segment is expected to dominate the food certification market with a market share of 21.56% due to the increasing demand for food certification to avoid nutritional risks and to increase the adoption of food safety standards. ISO 22000 is a standard that specifies the requirements for a food safety management system and can be certified to. It lays forth what an organisation must undertake to demonstrate its ability to control food safety concerns and ensure the safety of its products.
In 2021, the Confectionary Products Segment is Expected to Dominate the Market with a Market Share
In 2021, the confectionary products segment is expected to dominate the food certification market with a market share of 17.99% due to increase demand for clean label and organic food among consumers to lead a healthy lifestyle. The confectionary basically consists of manufacturing sweets (foods high in sugar and carbs).
Data Bridge Market Research recognizes the following companies as the major food certification market players in food certification market are SGS SA (Switzerland), DNV (Norway), Lloyd's Register Group Services Limited. (UK), Certifications (France), NSF International (U.S.), International Certification Ltd., (New Zealand), Control Union Certifications (Netherlands), Indocert (India), TQ Cert (India), Socotec (France) and MS Certification Pvt. Ltd., (India).
Geographically, the countries covered in the food certification market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the Dominant Region in Food Certification Market During the Forecast Period
North America dominated the food certification market and will continue to dominate the food certification market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the stringent regulations laid by the governmental bodies for food certification along with the rising demand for food certification in food industryin this region.
Asia-Pacific is Estimated to be the Fastest Growing Region in Food Certification Market the Forecast Period
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and increase in awareness regarding food safety among consumers are expected propel the market's growth rate in this region.
COVID-19 Impact Analysis
The outbreak of COVID-19 largely impacted the food certification market, as there was increase in customers' growing awareness of the importance of food and its quality. There has been a shift in customer purchasing habits. Consumers were more concerned with the types of food they were eating, and they preferred food products that were properly labelled, as properly labelled food products and food companies that have been certified by various agencies play an important role in consumer preferences due to the food safety these products provide. Bureau Veritas estimates that organic growth in marine-based food items will increase by 8.7% in fiscal 2021, compared to pre-pandemic levels.
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Global Food Certification Market – Industry Trends and Forecast to 2028
Asia-Pacific Food Certification Market – Industry Trends and Forecast to 2028
Europe Food Certification Market – Industry Trends and Forecast to 2028
North America Food Certification Market – Industry Trends and Forecast to 2028
Middle East and Africa Food Certification Market – Industry Trends and Forecast to 2028