Owing
to the rising cases of food-borne diseases, the need for proper food
certification is growing significantly. Recent incidences regarding
food contamination in several developing countries have compelled
government bodies to impose mandatory food certifications. At
present, the prime organizations for food certification across the
world are Kosher Certification, Halal Certification, British
Consortium Standard, International Food Standard, Safe Quality Food
Certification, and International Organization for Standardization
(ISO 22000). With the rise in food trade among emerging economies,
the implementation of these certifications is anticipated to rise.
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According
to a research report by Transparency Market Research, the global food
certification market is likely to exhibit a 5.3% CAGR from 2015 to
2021. In 2014, the market was valued at US$11.25 bn and is likely to
escalate to US$16.09 bn by 2021, owing to the change in food
consumption patterns across the globe.
How
will the increasing incidence of food contamination boost the
adoption of food certifications?
In
terms of application, the global food certification comprises
beverages, infant food products, dairy products, organic food, bakery
products, and processed meat and poultry products. All these food
products are prone to food contamination. As consumers are becoming
more aware of the risks related to food contamination, the demand for
laboratory food testing and food certification is increasing
extensively.
For
instance, owing to recent controversies related to Nestle India Ltd’s
Maggi, and keeping in mind several safety concerns, Food Safety and
Standards Authority of India (FSSAI) has recently announced an
investment of INR 482 crore to upgrade food testing laboratories. It
has planned to improve 14 referral food testing laboratories and 45
prime laboratories across the country.
What
are the factors likely to challenge the growth of the market?
Although
the global market for food certification is witnessing promising
growth, the high costs incurred during the certification process is
expected to deter food companies and processing outlets to look at
food certification from an asset point of view. Established companies
are investing heavily to attain logos such as Halal or Organic; on
the other hand, smaller companies are refraining from this process.
However, strict regulations imposed by governments across the world
to ensure food safety are likely to propel the adoption of food
certifications.
Which
region is expected to pave the way for growth opportunities for
manufacturers?
Region-wise,
Europe emerged dominant in 2014 in the global
food certification market, closely trailed by North America. The
growth of the market in these regions can be attributed to the high
consciousness among consumers regarding the quality and safety of the
food consumed by them. Additionally, the growth in the living
standards and the rising inclination towards the consumption of
healthy food products are expected to stir the demand for food
certifications. Nevertheless, it is expected that Asia Pacific will
report strong growth due to the rise in food-borne diseases across
the region.
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