The Global Food Certificate Market Size is valued at 5.62 billion in 2023 and is predicted to reach 9.74 billion by the year 2031 at an 7.30% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The increasing awareness and desire among consumers for healthier food led to market growth and a rise in the market for healthy meals.
- The raised interest in the need for clean food production around the globe is expected to drive industry growth.
- North America dominated the market and accounted for a global revenue share in 2023.
- One of the significant concerns restraining the strict rules on food safety is that it is expensive and hard to get food certificates.
Food safety, cleanliness, packaging requirements and materials, delivery, and storage are all indicated by food certification. The certification market has been driven by growing international trade and stricter food safety laws. Predictably, the rise in foodborne illnesses will fuel the market for food certification during the anticipated time frame.
The food certificates market demand has significantly expanded as consumer awareness of certified food products has grown. This has led to food manufacturers voluntarily accepting certification systems to boost consumer confidence. The market for food certification is expected to develop due to rising consumer awareness of certified food items, increasing demands for processed meat product certification, and rising rates of foodborne disease.
Additionally, due to the increase in the share of food certificates over the projection period, the market for food certification is primarily driven by the strict food safety requirements implemented by the governments of North American countries for imported commodities. A hurdle to the growth of the food certification market is the rise in misleading labeling claims and the need for more funds and resources for food certification in small and medium-sized food processing businesses.
Recent Developments:
- In 2022-SCS Global Services and the Water Council teamed. According to the business, the partnership's objective is to offer trustworthy water stewardship to numerous companies. This will make it simple for these businesses to handle the many issues. As a result, SCS Global Services is diversifying its clientele.
- In 2021-AET France, a testing business with operations in France that offers clientele product development and other testing services was purchased by Bureau Veritas. According to the firm, the primary objective of this acquisition is to bolster the company's main research and development sector with the knowledge provided by AET France. As a result, the business can fully appreciate a particular product and provide customers better service.
Competitive Landscape:
Some of the major the Food Certificate Market Player Are:
- SGS (Switzerland),
- DNV (Norway)
- Lloyd's Register (UK),
- Bureau Vertrias (France)
- Control Union Certification (Netherlands)
- Intertek (UK)
- Eurofins (Luxembourg)
- TUV SUD (Germany)
- AsureQuality (New Zealand)
- DEKRA (Germany)
- Kiwa Sverige (Sweden),
- ALS (Australia)
- NSF International (US)
- Aspirata (South Africa)
- International Certication Ltd (New Zealand)
- Control Union Certifications (Netherlands)
- Indocert (India),
- TQ Cert (India)
- Eurofins (Luxeumbourg)
- Socotec (France)
- MS Certication Services (India)
Market Segmentation:
The food certificate market is segmented based on type, application, risk and supply chain. Based on type, the market is segmented as ISO 22000, BRC, SQF, IFS, HALAL, KOSHER, Free-from' certification (gluten-free, allergen-free, Vegan, USDA Organic, and GMO-free) and other types (FSSC 22000, ISTA, and other GFSI certification). By application, the market is segmented into Meat, poultry, and seafood products, dairy products, infant food products, beverages, bakery & confectionery products, free-form foods and other applications (functional foods, crops, and convenience foods). Based on risk, the market is segmented as high-risk and low risk. Based on the supply chain, the market is segmented as growers, manufacturers, retailers and other supply chains (storage, logistics, and import-export agencies).
Based On Certification, The Kosher Certificate Segment Is A Major Contributor To The Food Certificate Market
The kosher certificate category will hold a major share of the global food certificate market in 2024. Many different food certifications are available worldwide, but the Kosher certification is more trustworthy. Jewish tradition known as kosher establishes what meals are acceptable and unacceptable. Any food item with a Kosher certification gains legal entry into international markets, especially in regions where Kosher cuisine is highly desired. As a premier Kosher Certification consultancy, we assist food companies in obtaining the Kosher Certificate and marketing their goods to discerning consumers worldwide. Your products add value and enhance brand awareness when they receive the widely recognized Kosher certification.
Meat, Poultry, And Seafood Segment Witness Growth At A Rapid Rate
The meat, poultry, and seafood segment are projected to grow rapidly in the global food certificate market. The entire value chain of meat, poultry, and seafood commodities must use a certification system, from manufacturers to transporters, shippers, and retailers. The requirement for food certifications for products like meat, poultry, and seafood is rising as meat consumption increases in various nations., especially in countries such as the US, Germany, the UK, China, and India.
The North America Food Certificate Market Holds A Significant Regional Revenue Share
The North American food certificate market is expected to register the tremendous market share in revenue soon. The US is the region's largest market for food certification, driven mostly by US government initiatives affecting designation, certification services, and the development of food certifications. In addition, Asia Pacific region is projected to grow at a rapid rate in the global food certificate market. The regulatory requirements imposed by regulatory bodies to hold the standard and taste of the food and the growing government initiatives forward into safety, performance, and operation practices by food facilities that manufacture, methodology, pack, and stockpile food products are the factors that drive the market growth of the food certification market.
Food Certificate Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 5.62 Bn |
|
Revenue forecast in 2031 |
USD 9.74 Bn |
|
Growth rate CAGR |
CAGR of 7.30% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Application, Risk and Supply Chain |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
SGS (Switzerland), DNV (Norway), Lloyd's Register (UK), Bureau Vertrias (France), Control Union Certification (Netherlands), Intertek (UK), Eurofins (Luxembourg), TUV SUD (Germany), AsureQuality (New Zealand), DEKRA (Germany), Kiwa Sverige (Sweden), ALS (Australia), NSF International (US), Aspirata (South Africa), International Certification Ltd (New Zealand), Control Union Certifications (Netherlands), Indocert (India), TQ Cert (India), Eurofins (Luxeumbourg), Socotec (France) and MS Certification Services (India) |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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