The food certification market will register impressive growth with the overall valuation forecast to surpass US$ 8.4 Bn in 2021. The market’s worth will increase at an astounding CAGR of 10.8% between 2021 and 2031.
The market also registered an impressive year-on-year growth at 10.30% CAGR in 2021 owing to the increasing demand for processed meat and halal-food products. Increasing cases of food-borne infection will create opportunities for growth in the coming years.
A recent market study published by Future Market Insights on the food certification market offers global industry analysis for 2016-2020 & opportunity assessment for 2021–2031. The study offers a comprehensive assessment of the more important market dynamics.
After conducting thorough research on the historical and current growth parameters of the food certification market, the growth prospects of the market are obtained with maximum precision.
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Food certification has become imperative especially since the demand for halal meat products and organic food is rising across the globe. Emergence of multi-domestic retail food services has pushed the market for food certification considerably.
Rising urbanization and industrialization in emerging economies of Asia and the Middle East will fuel the demand for food certifications.
Governments across the globe are tightening the regulations and imposing new norms that will enhance the quality and security of food. This, coupled with rising awareness regarding ingredients used in food as a result of growing consumption of meat products, has been fuelling the demand for food certifications.
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Key Segments Covered in Food Certification Market Study:
By Type:
- BRC Food
- IFS Food
- ISO 22000
- FSSC 22000
- HACCP
- Global GAP
- Organic
- Kosher
- Halal
- Others
By Application Type:
- Bakery & Confectionery
- Dairy Products
- Processed & Packaged Food
- Infant Food
- Alcoholic & Non-alcoholic Beverages
- Functional Food
- Meat & Poultry Products
- Seafood
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Key Questions Answered in the Report
- What is the current food certification market value?
The food certification market is expected to surpass a valuation of US$ 8.4 Bn in 2021
- At what rate did the food certification market grow during 2016 and 2020?
The food certification market witnessed an impressive growth at 8.90% CAGR during 2016 and 2020.
- What are the key trends driving food certification sales?
Rising trend of transparency and clean label products within food sector is driving the demand for food certification.
- Who are the leading players in the food certification market?
Intertek Group PLC, SGS SA, UREAU Veritas SA, Eurofins Scientific SE, and ALS Limited are the top players leading the food certification market.
- What is the demand outlook for North America food certification market?
Demand for food certification across North America is set to soar at an astounding CAGR of over 8.8% during the forecast period.
- What is the Europe market outlook for food certification?
Europe food certification market will exhibit an impressive growth at 9.9% CAGR during the forecast period.
- Which are the top countries driving the food certification demand?
Top countries in terms of food certification sales are the U.S., the U.K, Germany, India, and China.
- What is the share of leading players in food certification market?
Leading players of global food certification market is expected to contribute around 35-45% of total market share.
- What is the current market share of Japan and South Korea in the global food certification market?
In 2021, South Korea accounted for 19.4% market share while Japan held over 27.9% of global market share.