Press release
Food Certification Market Segmentation and Strategies of Key Players For 2021
Food quality and safety is one of the major global concerns. Effective food control systems are essential to protect safety and health of consumers. Furthermore, food control systems are important for ensuring the quality and standard of food products entering international trade and also to ascertain the quality of imported food for domestic requirements. Rising awareness and growing consumer concern for protection from unwanted hazards occurring at every stage of the food chain from primary production to final consumption is stimulating the market for food certification at a global level.Increasing consumer concern regarding healthy food products is one of the major driving forces behind the growing popularity of food certification globally. Furthermore, increasing incidence of foodborne illnesses is boosting the popularity of food certification globally. Moreover, potential health risks associated with the consumption of contaminated food products coupled with issues concerning genetically modified organisms (GMO) and genetically modified food products are driving the market for food certification globally. Increasing disposable income and growing expenditure on quality food products are also expected to have a positive impact on the food certification industry.
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The food products manufacturers are concentrating on strengthening its food safety and quality management system by applying food safety measures at every stage of food chain for better quality products. The certification bodies by doing surveys, audits, GAP analysis ensures the safety of the produced food products and provides certificates. Focusing on the consumers’ demand for safe quality food products in order to avoid health hazards, food producers have upgraded their food safety systems in order to strengthen their foothold in the food industry. Authorities such as ISO 22000, International Food Standard and Safe Quality Food certification, The British Retail Consortium, Kosher certification, Halal Certification and Food Safety and Standards Authority of India among others provide certification to various companies involved in food industry globally. Primary objective of these standards is to ensure food quality and safety along the food chain, considering the wide array of activities and identifying the degree of risk involved in food production. With the changing eating patterns, consumers are showing preference for packaged and functional food products, which in turn is fueling the demand for certified packaged food market. Packaged food products, processed meat and poultry products, and certified dairy products are leading the food certification market. Furthermore, with growing consumer awareness demand for organic food and beverages and infant food products are expected to witness positive growth over the forecast period.
Food certification market in the developing nations such as Asia Pacific and Latin America is expected to witness positive growth during the forecast period. Due to increasing disposable income and rising living standard, consumers are showing preference for quality and certified food products in order to avoid unnecessary health hazards caused by contaminated food products.
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Global food certification market was valued at USD 11.25 billion in 2014 and anticipated to reach USD 16.09 billion by 2021, expanding at a CAGR 5.3% over the forecast period. Due to the changing lifestyle and eating preferences of consumers, manufacturers have been focusing on introducing quality food. Furthermore, they are also taking special food safety measures to avoid any health issues due to consumption of unhealthy food products. Increasing demand for quality food products is driving the market for food certification at the global level.
Increasing preference for certified food products in order to avoid unnecessary health hazards caused by the ingestion of contaminated food products is driving the demand for food certification in Europe, followed by North America. Increasing standard of living and changing eating preferences of consumers are among the major factors contributing to the growth of the food certification market in Asia Pacific. Moreover, changing consumer perception towards quality food products has led to the growth of. the food certification market in Rest of the World (RoW).
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