The
global
food certification market is expected to reach US$16.0 bn by the
end of 2021. It is projected to expand at a CAGR of 5.30% within a
forecast period from 2015 to 2021 and was recorded at a value of
US$11.20 bn in 2014, according to a research report released by
Transparency Market Research. The report, titled “Food
Certification Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2015 - 2021,” provides a segmented analysis
for users to gain a clear and concise view of this market in terms of
growth and investment opportunities and challenges that could hamper
the growth of the market.
Food certification is not
restricted to finished products – it can also apply to any stage
within the manufacturing process. This includes certification
requirements from early stages in production down to food sales. This
ensures the use of ingredients and chemicals that are allowed by
government agencies. Failure to be certified with the necessary food
certification could result in the curtailment of the sale of the food
product. Even at a sales level, the absence of certain certificates
could be used by consumers to avoid these products. On the other
hand, the presence of valid certification allows products to hold a
positive image in the consumers’ minds, thereby increasing its
sales. Therefore, the food and beverage industry needs to maintain
its pace with the given certification standards in order to retain
and improve its level of sales.
The primary driver of the global
food certification market is the increasing awareness among consumers
about various certifications and the quality standards they hold.
Consumers all over the world are becoming more aware of the various
foodborne illnesses that can spread through the use of contaminated
or degraded food. This has caused government agencies to increase the
safety standards incorporated into food certifications.
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Another major factor that is
promoting the global food certification market is the increasing
disposable income of consumers. As a greater number of consumers are
moving towards higher quality of foods, manufacturers are reaching
for higher certifications in order to attract more consumers.
The global food certification
market has been segmented in the report for the purpose of enhancing
the descriptive elements of each segment. Based on certification
type, the market is segmented into International Organization for
Standardization, International Food Standard, Safe Quality Food,
British Retail Consortium standard, Kosher Certification, Halal
Certification, Food Safety and Standards Authority of India, China
Food and Drug Administration, U.S. Department of Agriculture, U.S.
Food and Drug Administration, European Food Safety Authority, and
Ministry of Food and Drug Safety.
In terms of applications, the
global food certification market is segmented into processed meat and
poultry products, dairy products, infant food products, organic food,
beverages, and other packaged foods.
In terms of geography, the North
America food certification market was dominated by the U.S. in 2014,
owing to the high awareness about foodborne illnesses and protests
against the use of restricted food chemicals. Germany led the Europe
food certification market in the same year, followed by the U.K. In
the Asia Pacific region, the food certification market was led by
China, followed by India, owing to the increasing disposable incomes
of consumers.
The key players in the global
food certification market are DNV GL Group AS, TÜV SÜD AG, ALS Ltd.
Lloyd's Register Group Ltd., Underwriters Laboratories Inc., Intertek
Group plc., SGS SA, AsureQuality Limited, Dekra SE, and Bureau
Veritas.
Key
segments of the Global Food Certification Market
Global
Food Certification Market, by Type:
- International Organization for Standardization
- International Food Standard
- Safe Quality Food
- British Retail Consortium standard
- Kosher Certification, Halal Certification
- Food Safety and Standards Authority of India
- China Food and Drug Administration
- S. Department of Agriculture
- S. Food and Drug Administration
- European Food Safety Authority
- Ministry of Food and Drug Safety
Global
Food Certification Market, by Applications:
- Others Packaged Food
- Beverages
- Organic Food
- Infant Food Products
- Dairy Products
- Processed Meat and Poultry Products
Global
Food Certification Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
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