Published: Jul, 2018

Competition is heating up in the global food certification market with more players entering the domain. This is because of the increasing uptake of certified foods which are considered much safer to consume since they are subjected to strict verification.

Prominent participants in the market for food certification are AsureQuality Limited, Dekra SE, Underwriters Laboratories Inc, Bureau Veritas, Intertek Group plc, and SGS SA. In order to bolster their positions, such players are mostly banking upon mergers and acquisitions. Some are even expending money on building new laboratories equipped with state-of-the-art equipment for testing of food quality.

A report published by Transparency Market Research on the global market for food certification states that it would expand at a steady 5.3% CAGR from 2015 to 2021. Rising at this pace, the food certification market which was valued at US$11.25 bn in 2015, will likely reach a valuation of US$16.06 bn by 2023-end, states the report.

Food certification finds application in poultry products and processed meat, infant food products, dairy products, organic food, beverages, and others such as bakery and packaged foods. Of them, the segment of packaged food accounted for a leading 23.4% share in the market in 2014. Geographically, the leading region in the market for food certification is Europe. This is because of a large tribe of discerning consumers in the region who are very particular about the food they consume. The comparatively higher standards of living in the European nations is also serving to drive the market in the region. As per our report, the market for food certification in Europe is expected to reach a valuation of US$5.77 by 2021-end.

Food Borne Diseases Lead to Demand in Food Certification Market

Many factors are providing tailwinds to the market for food certification worldwide. One of those is the rising instances of food borne diseases. Awareness about the same has fuelled the demand for certified products that have passed stringent tests ensuring its quality. Besides, rising brand consciousness among consumers whose disposable incomes are rising by the day has also proved beneficial for the food certification market. They are now keener on certified organic food, poultry, fresh food, and meat products.

High Cost of Certifications Deter Demand

Providing headwinds to the food certification market worldwide, on the other hand, is the high price of international certifications which has prevented several processing units and food manufacturers to avoid food certification. Explains the lead analyst of our report, “Deep-pocketed, big companies are typically inclined to spend on expensive food certification logos, namely Halal or Organic. This adds to their brand value. But not so with smaller companies for whom obtaining such labels is an expensive proposition that increases costs.”

Notwithstanding such setbacks, the market is expected to rise owing to the strict regulations mandating food certification. Savvy players are seen training their sights on the emerging economies which are relatively under-tapped so far but hold out a lot of potential.

This review is based on the findings of a TMR report, titled, “Food Certification Market Global Food Certification Market (Type - International Organization for Standardization, International Food Standard (IFS), Safe Quality Food (SQF), British Retail Consortium (BRC) standard, Kosher Certification, Halal Certification, Food Safety and Standards Authority of India (FSSAI), China Food and Drug Administration (CFDA), U.S. Department of Agriculture (USDA), U.S. Food and Drug Administration (FDA), European Food Safety Authority (EFSA), and Ministry of Food and Drug Safety (MFDS); Application - Processed Meat and Poultry Products, Dairy Products, Infant Food Products, Organic Food, and Beverages) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

The report segments the Global Food Certification Market into the following:

Global Food Certification Market, by Type:

  • International Organization for Standardization
  • International Food Standard (IFS)
  • Safe Quality Food (SQF)
  • British Retail Consortium (BRC) standard
  • Kosher Certification
  • Halal Certification
  • Food Safety and Standards Authority of India (FSSAI)
  • China Food and Drug Administration (CFDA)
  • S. Department of Agriculture (USDA)
  • S. Food and Drug Administration (FDA)
  • European Food Safety Authority (EFSA)
  • Ministry of Food and Drug Safety (MFDS)
  • Others

Global Food Certification Market, by Application:

  • Processed Meat and Poultry Products
  • Dairy Products
  • Infant Food Products
  • Organic Food
  • Beverages
  • Others Packaged Food

Global Food Certification Market, by Geography:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States

Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

.