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Food Certification market Dynamics Analysis To Grow At Cagr of 5.4 % With Major Companies And Forecast 2027

10-21-2021 11:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Food Certification market

Food Certification market

Food certification is verification by regulatory bodies, which ensures that the processes, systems, and products in the food supply chain are according to the accepted limits of food safety standard. It is based on results of inspections, audits, and tests, which provide assurance to the consumer that the food products are according to the national and international food quality standard. It includes processes related to the storage, handling, and preparation of food products. The benefits of food certification are consistent production of safe and quality food products with reduced risks of contamination, which decreases food recalls from the market.

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Food Certification Market Taxonomy

On the basis of certification type, the food certification market is segmented into:
British Retail Consortium Standard (BRC)
International Organization for Standardizations (ISO 22000)
International Food Standard (IFS)
Halal
Kosher
Safe Quality Food (SQF)
USDA Organic
European Food Safety Authority (EFSA)
Food and Drug Administration (FDA)
Food Safety and Standards Authority of India (FSSAI)
China Food and Drug Administration (CFDA)
Department of Agriculture (USDA)
Ministry of Food and Drug Safety (MFDS)
Others

On the basis of application, the food certification market is segmented into:
Beverages
Dairy Products
Infant Food Products
Organic Food
Processed Meat and Poultry Products
Seafood
Others

Many food certification agencies are available in the market. The food certification is selected based on the consumer demands and the regional regulations. Multiple certification can be achieved if it is required. The increasing concern about food safety is increasing the demand for food certification market by various industries such as beverages, processed foods, dairy products, seafood, meat, and poultry.

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Asia Pacific is the fastest growing market for food certification, which is attributed to the causalities associated with foodborne illness, in turn increasing the awareness of food certification among the consumers. Growing urban population and rise in purchasing ability of consumers enables them to buy branded food products, which is fueling the growth of food certification market. Food Safety and Standards Authority of India (FSSAI), autonomous body established under the Ministry of Health & Family Welfare, Government of India has planned an investment of US$ 72.3 million to improve food testing infrastructure and set up new mobile testing laboratories in India. Such investments are estimated to drive the Indian food certification market.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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