According to the report published by Zion Market Research, global demand for the Food Certification Market was valued at approximately USD 9 Billion in 2019 and is expected to generate revenue of around USD 13 Billion by end of 2026, growing at a CAGR of around 5% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for the Food Certification Market was valued at approximately USD 9 Billion in 2019 and is expected to generate revenue of around USD 13 Billion by end of 2026, growing at a CAGR of around 5% between 2020 and 2026.
Global Food Certification Market: Overview
The food certification is a legal procedure of getting the food and beverages quality tested and certified before it is sold in the market. The food certification approval is not an easy process as it has a number of norms to be followed. The food certification is important as there is an increase in the occurrence of food-borne diseases, increased demand for processed food and beverages, rise in the awareness related to food quality and health and the rising change in the food consumption pattern. As the food certification is a great necessity today, the food processing companies throughout the globe are following it.
Global Food Certification Market: Growth Factors
The increase in the demand for food certification is a major reason for the growth in the food certification market throughout the globe. The factors that influence the growth of the global market are the rise in the number of prevalent food-borne diseases, the increased health awareness among the individuals and the changing consumption pattern. The strict regulations and standardization followed in various food & beverages processing fuels the growth in the food certification. The increasing demand for food and beverages product is also one of the main reasons that influence the growth of this market. The increased government regulations, brand concern and the awareness for healthy, hygienic food quality boost global the food certification market.
Global Food Certification Market: Segmentation
The global food certification market is segmented based on the type, application, and region. The type segment is further bifurcated into ISO 22000, SQF, IFS, BRC, Kosher, Halal, USDA organic, AHA and ISTA & Hygiene modified approval scheme. The application segment is divided into beverages, seafood, dairy products, infant food, organic food, processed meat & poultry, chocolates, convenience foods & functional foods and bakery & confectionary. The region segment is categorized into Asia Pacific, North America, Europe and Rest of the World. The food certification market witnesses an increase in the demand for processed meat and poultry and dairy products segment.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Food Certification Market: Regional Analysis
Europe dominates the global food certification market followed by North America. The regions in Asia Pacific show a high prevalence of food-borne disease, increased certification processes and also the increased need for food & beverages product, which drives the growth of the global market in these regions. The other regions such as Germany, the UK, and France are the emerging countries showing high opportunity for the global market growth.
Global Food Certification Market: Competitive Players
The key players that contribute the major shares in the global food certification market are Lloyd's Register Group Limited, SGS SA, Underwriters Laboratories Inc., Dekra SE, TÜV SÜD AG, Bureau Veritas, AsureQuality Limited, Intertek Group plc., DNV GL Group AS, and ALS Limited.
Food Certification Market: Regional Segment Analysis
The increase in the demand for food certification is a major reason for the growth in the food certification market throughout the globe. The factors that influence the growth of the global market are the rise in the number of prevalent food-borne diseases, the increased health awareness among the individuals and the changing consumption pattern. The strict regulations and standardization followed in various food & beverages processing fuels the growth in the food certification. The increasing demand for food and beverages product is also one of the main reasons that influence the growth of this market. The increased government regulations, brand concern and the awareness for healthy, hygienic food quality boost global the food certification market.
According to Zion Market Research, global demand for the Food Certification Market was valued at approximately USD 9 Billion in 2019 and is expected to generate revenue of around USD 13 Billion by end of 2026, growing at a CAGR of around 5% between 2020 and 2026.
Europe dominates the global food certification market followed by North America. The regions in Asia Pacific show a high prevalence of food-borne disease, increased certification processes and also the increased need for food & beverages product, which drives the growth of the global market in these regions.
The key players that contribute the major shares in the global food certification market are Lloyd's Register Group Limited, SGS SA, Underwriters Laboratories Inc., Dekra SE, TÜV SÜD AG, Bureau Veritas, AsureQuality Limited, Intertek Group plc., DNV GL Group AS, and ALS Limited.
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