This report titled “Food Certification Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in food certification market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on type, application and geographical distribution.
Food and beverages industry plays a pivotal role in global economy ensuring contribution from crop cultivation, production and processing of food products to distribution and packaging of the finished product and delivery to the consumer across different geographies. Nowadays, there has been increased inclination to safety and testing among food and beverage manufacturers, which is majorly attributed to increasing number of counterfeit products. Food safety management comprises mainly following components: quality management, hazard analysis and critical control point (HACCP) systems and Good Practices including Good Hygiene Practices (GHPs), Good Agriculture Practices (GAPs), prerequisite programs, Good Manufacturing Practices (GMPs) and others. Although, there has been proliferation of private food safety standards in the recent past, there are international standards for food safety management. A procedure through which assurance regarding process or product quality is given by a third party in compliance with certain standards is known as certification. In food and beverages industry, food safety is gaining significant adoption among the manufacturers due to rise in number of food-borne diseases coupled with increasing demand for safe and healthy food products among consumers. Furthermore, governments of various countries have mandate certain standards to be achieved for manufacturing and marketing of food and beverage products.
Global food certification market is segmented on the basis of various types of food certifications including International Organization for Standardization (ISO 22000), International Food Standard (IFS), British Retail Consortium Standard (BRC), Safe Quality Food (SQF), Food Safety and Standards Authority of India (FSSAI), U.S. Department of Agriculture (USDA), Ministry of Food and Drug Safety (MFDS), European Food Safety Authority (EFSA), Kosher Certification, Halal Certification and others. Based on application, the global food certification market is segmented into processed meat & poultry, bakery products, ready to eat food products, infant food, dairy products, beverages, seafood, fruits and vegetables, organic food products, packaging materials and others. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2023 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2023 (Value %).
Based on type, the global food certification market is segmented as follows:
By type, food certification market segmentation includes both international and regional food certification, of which few prominent include International Organization for Standardization (ISO 22000), International Food Standard (IFS), Safe Quality Food (SQF), Food Safety and Standards Authority of India (FSSAI), U.S. Department of Agriculture (USDA), European Food Safety Authority (EFSA), Kosher Certification and Halal Certification. Among the aforementioned types, in 2015 ISO 2000 segment dominated the market in terms of revenue share contribution and is further expected to remain dominant during the forecast period. Since, governments of various countries have mandated food certification, ISO 2000 is one of the mandate certification to be achieved by the food product manufacturer. Nowadays, halal and organic certification are popular among food and beverage manufacturers, which is attributed to changing lifestyle of consumers especially in Asia Pacific, leading to consumption of healthy and natural ingredients. This is further resulting in manufacturer inclination to obtain those certifications. Availability of such certifications within the product is anticipated to enhance the product acceptance among consumers and thus, lead to increased market share as compared to other products in the market.
Based on application, the global food certification market is segmented as follows:
Food certification services are offered by the authorities for bakery products, ready to eat food products, infant food, dairy products, beverages, seafood, fruits and vegetables, organic food products, packaging materials among others. Food certification services thus, serve need of players across the value chain including government regulatory bodies, food and beverage manufacturers, exporters and importers, retailers, wholesalers, primary producers, restaurants and hotels.
Of different applications, processed meat and poultry segment dominated the market in terms of revenue share contribution, followed by seafood and dairy food products segment. Processed meat and poultry segment is anticipated to dominate the market throughout the forecast period, however dairy food products and organic food products segment to record robust growth. Packaging materials segment is further anticipated to record significant growth. Increasing demand for sustainable and efficient packaging among food manufacturers drives the demand for high quality standards and thus fuelling food certification market growth for packaging materials. In addition, stringent regulations for coupled with increasing number of contamination cases and consumer inclination for certified food products is expected to fuel the food certification market growth during the forecast period.
In 2015, Europe was the leading market followed by North America and Asia Pacific. Asia Pacific and Europe collectively accounted for around 60% share of the market in terms of value. Food certification market growth in Europe and North America is driven by increasing food and beverages consumption and stringent rules and regulations by food safety and standards authorities on food and beverage manufacturers. Also, increasing concerns regarding contaminated food, increasing prevalence of food borne-diseases spur the demand for better standards and thus, fuel the food certification market growth in these regions during the forecast period. Growth is projected to be fastest from the Asia Pacific region during the forecast period 2016 to 2024. Factors bolstering the Asia Pacific food certification market growth include urbanization, changing consumer lifestyle, government intervention for food safety and standards, consumer concerns for healthy and safe food. The market for food certification in Latin America is anticipated to record significant growth, followed by Middle East and Africa.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Food Certification market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
