Global Food Certification Market Size by Type, Application, Risk Level, and Supply Chain – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Landscape & Forecast to 2030
Overview
Food Certification Market was valued at US$ 76.57 Bn in 2023 and is expected to reach 131.32 Bn by 2030, at a CAGR of 8.01 % during the forecast period.
Food certification supports in achieving consumer belief regarding food safety and quality. The Certificate addresses agreement to food safety and quality parameters of food, packaging, packaging materials, and storage & distribution for key producers, manufacturers, and distributors. Factors such as growing consumer awareness about certified food products, increasing demand for processed meat products certification, and expanding prevalence of foodborne illness are projected to drive the growth of the market in food certification during the forecast period. The food certification market is primarily driven by the strong food safety regulations executed by the governments across the North American countries for imported goods owing to the growth of the market share of food certificates in the forecast period.
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Global Food Certification Market Dynamics:
Developing international trade joined with increasing food safety regulations, has been driving the demand for the food certifications market. The increasing frequency of foodborne illness is predictable to drive the growth of the food certification market during the forecast period.
Increasing consumer awareness about certified food products has expressively increased the demand in the market share of food certificates. This has directed to the voluntary acceptance of certification programs by food manufacturers to increase consumer trust.
On the other hand, the unpredictability in prices of raw material will restrict the growth of the market of Food Certificate. Further, the government will decline the investment in the existing technologies and will capitalize on advanced technologies for raising the demand in the forecast period.
Segment Analysis:
On the basis of application, the meat, poultry, and seafood products segment are anticipated to lead the food certification market during the forecast period. A certification system is mandatory for the entire value chain of meat, poultry, and seafood products-from processors to distributors, exporters, and merchants. Growing meat product across various countries are driving the demand for food certifications such as meat, poultry, and seafood products.
Regional Insights:
The North American region is estimated to grow at the highest CAGR (xx %) during the forecast period. The food certification market is mostly driven by the strong food safety regulations forced by the governments across the North American countries for imported goods. Country-wise, US is the largest market for food certification in the North American region and is mainly driven by the factors such as enterprises taken by the US government affecting certification, endorsement services, and advancement of food certifications like Safe Food Quality (SQF), GlobalGAP, and British Retail Consortium (BRC). The inflexibility of food safety and import-export regulations enforced by the Canadian government are driving the market in the North American region.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Food Certification market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. The report will address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the market.
Global Food Certification Market, Key Highlights:
1. Global Food Certification Market analysis and forecast, in terms of value.
2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Food Certification Market
3. Global Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
4. Global Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
5. Global Food Certification Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Food Certification Market are also profiled.
Global Food Certification Market Scope: Inquire before buying
| Global Food Certification Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 76.57 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 8.01% | Market Size in 2030: | US $ 131.32 Bn. |
| Segments Covered: | by Type | ISO 22000 BRC SQF IFS Halal Kosher Free-from certifications Others |
|
| by Application | Meat, poultry, and seafood products Dairy products Infant food Beverages Bakery & confectionery products Free-from foods Others |
||
| by Risk | High-risk foods Low-risk foods |
||
| by Supply Chain | Growers Manufactures Retailers Others |
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Global Food Certification Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. DEKRA SE
2. DNV GL
3. Intertek Group Plc
4. SGS SA
5. TÜV SÜD
6. Lloyd’s Register
7. Eurofins Scientific
8. KiwaSverige
9. ALS Limited
10.UL LLC
11.Bureau Veritas
12.Eurofins USA,
13.Lloyd's Register Group Services Limited
14.AsureQuality
15.International Certification Ltd
16.Control Union Certifications
17.Indocert
18.TQ Cert
19.Socotec
20.MS Certification Services
Frequently Asked Questions:
1. Which region has the largest share in Global Food Certification Market?
Ans: North American region holds the highest share in 2023.
2. What is the growth rate of Global Food Certification Market?
Ans: The Global Market is growing at a CAGR of 8.01% during forecasting period 2024-2030.
3. What is scope of the Global Food Certification market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Food Certification market?
Ans: The important key players in the Global Market are – DEKRA SE, DNV GL, Intertek Group Plc, SGS SA, TÜV SÜD, Lloyd’s Register, Eurofins Scientific, KiwaSverige, ALS Limited, UL LLC, Bureau Veritas, Eurofins USA,, Lloyd's Register Group Services Limited, AsureQuality, International Certification Ltd, Control Union Certifications, Indocert, TQ Cert, Socotec, and MS Certification Services
5. What is the study period of this market?
Ans: The Global Market is studied from 2023 to 2030.