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Food Certification Market Size, Share, Industry Overview, Growth Drivers, Trends, Top Companies, and Forecast

06-15-2024 02:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

MarketsandMarkets™

Food Certification Market by Type (Iso 22000, Brc, Sqf, Ifs, Halal, Kosher, Free-Form Certifications), Application (Meat, Poultry, and Seafood, Dairy, Infant Food, Beverages, Bakery & Confectionery), Risk Category and Region - Global Forecast to 2028
The [https://www.prnewswire.com/news-releases/food-certification-market-worth-7-4-billion-by-2028--exclusive-report-by-marketsandmarkets-301882809.html] is estimated at USD 5.6 billion in 2023 and is projected to reach USD 7.4 billion by 2028, at a CAGR of 5.7% from 2023 to 2028. The demand for food certification is ascribed to a huge growth in customer preference for a healthy lifestyle and the rise in the demand for certified food for a better and healthy lifestyle is driving the overall Food Certification market growth.

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Based on application, meat, poultry, and seafood products is estimated to account for the largest market share of the food certification market.

Meat, poultry, and seafood products play a significant role in the food certification market for several reasons. Food certification is a process that ensures that food products meet specific standards of quality, safety, and sustainability. These certifications provide assurance to consumers and businesses that the products they are purchasing or using meet certain criteria, which can include aspects such as production methods, ingredient sourcing, and environmental impact. Meat, poultry, and seafood products are highly perishable and can be susceptible to contamination and spoilage.

Food certification programs establish rigorous safety and quality standards to prevent foodborne illnesses and maintain product freshness. These certifications verify that the products have been handled, stored, and processed in a manner that minimizes health risks and ensures high quality. Hence, certifications provide trust, credibility, and value to both businesses and consumers in the complex and competitive food industry.

Based on type, The ISO 22000 certification are anticipated to dominate the market.

ISO 22000 covers various aspects of food safety management, including hazard analysis, risk assessment, and control measures. It establishes a systematic approach to identifying potential risks, implementing preventive measures, and monitoring the entire food production and supply chain. With this certification, companies can effectively identify and control food hazards, reducing the likelihood of contamination, product recalls, and foodborne illnesses. Additionally, ISO 22000 certification facilitates access to new markets and trade opportunities. It serves as a passport to global food markets by harmonizing food safety practices and meeting the requirements of international buyers. Many importers and retailers often require their suppliers to have ISO 22000 certification, making it a prerequisite for business partnerships and contracts. As a result, the demand for ISO 22000 certification increases, driving the growth of the food certification market.

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High-risk food segment of the food certification market by risk category is projected to witness the highest CAGR during the forecast period.

Certification serves as a safeguard against foodborne illnesses, contamination, and adulteration, which can have severe consequences for consumers. High-risk food products, such as dairy, meat, seafood, and ready-to-eat meals, are particularly susceptible to bacterial growth, pathogenic contamination, and improper handling practices. By implementing rigorous certification standards, the food industry can minimize these risks and enhance consumer confidence in the products they purchase.

Furthermore, certification of high-risk food products is often a prerequisite for accessing international markets. Many countries have established import regulations that require food products to meet specific certification standards. By obtaining certifications that comply with these regulations, food manufacturers can expand their market reach and access lucrative export opportunities. Certification ensures that high-risk food products meet stringent quality standards, build consumer trust, differentiate products, and facilitate access to international markets. Through the continuous improvement and adherence to certification standards, the food industry can provide consumers with safe, high-quality food options, fostering a healthier and more sustainable future

The Europe market is projected to contribute the largest share for the food certification market.

The Europe region is the dominant market for food & beverages and is expected to be the largest for food certification as well. The food industry in Europe is gigantic. Europe has established robust regulatory frameworks for food safety and quality. The European Union (EU) has implemented various regulations and directives, such as the General Food Law, Hygiene Package, and Novel Food Regulation. These regulations require food businesses to comply with strict standards and undergo certification processes to ensure food safety. As a result, the demand for food certification services is high in Europe. The European region's high standards and stringent regulations often influence global food safety and quality standards. International organizations, such as the Codex Alimentarius Commission, take into account European standards when developing global guidelines. This influence extends to certification schemes, where European certification bodies and standards have gained recognition worldwide.

[https://www.marketsandmarkets.com/ResearchInsight/food-certification-market.asp]

DEKRA (Germany), SGS (Switzerland), Intertek (UK), AsureQuality (New Zealand), and Bureau Veritas (France) are among the key players in the global food certification market. These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe.

DEKRA (Germany)

DEKRA, as a leading provider of food certification services, benefits from the increasing need for businesses to comply with stringent food safety and quality regulations. The company's presence in multiple countries allows it to tap into the growing global market for food certification. DEKRA also supports companies in improving workplace safety and health through various services such as safety audits, risk assessments, training programs, and consultancy as international trade continues to expand, companies seeking to export their food products require certifications that comply with import regulations, creating a significant driver for DEKRA's services. DEKRA's food certifications enables it to meet regulatory requirements and demonstrate their commitment to ensuring consumer safety.

SGS (France)

SGS is a prominent global company providing inspection, verification, testing, and certification services across various industries, including the food sector. In the food certification market, SGS plays a significant role in ensuring the safety, quality, and compliance of food products throughout the supply chain. SGS helps businesses comply with internationally recognized food safety standards such as ISO 22000, FSSC 22000, BRCGS, SQF, and IFS. These certifications demonstrate that the company has implemented robust food safety management systems and adheres to strict hygiene and quality control measures.

There is a growing demand for transparency and traceability in the food supply chain. Consumers want to know where their food comes from and how it is produced. Food certifications provided by SGS help companies demonstrate the transparency of their supply chains.

Intertek Group plc (UK)

Intertek Group plc is a renowned global provider of testing, inspection, and certification services, including food certification. With expertise across various industries, Intertek assists food businesses in ensuring the safety and quality of food. In terms of food certification, it offers a comprehensive range of services tailored to the needs of food manufacturers, retailers, and regulatory bodies. This includes certifications for food safety, product quality, and supply chain transparency. Additionally, Intertek conducts allergen and contaminant testing and provides regulatory compliance support which enables the company to provide risk and allergen free certification facilities to its customers. The company has 23 principal subsidiaries and 29 food testing laboratories around the world.

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