Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.42 Billion | USD 8.92 Billion | 5.7% | 2023 |
Zion Market Research has published a report on the global Food Certification Market, estimating its value at USD 5.42 Billion in 2023, with projections indicating that it will reach USD 8.92 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.7% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Food Certification industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Food certification is a legal procedure of getting the food and beverages quality tested and certified before it is sold in the market. Food certification approval is not an easy process as it has a number of norms to be followed. Food certification is important as there is an increase in the occurrence of food-borne diseases, increased demand for processed food and beverages, a rise in the awareness related to food quality and health and a rising change in the food consumption pattern. As food certification is a great necessity today, food processing companies throughout the globe are following it.
The increase in the demand for food certification is a major reason for the growth in the food certification market throughout the globe. The factors that influence the growth of the global market are the rise in the number of prevalent food-borne diseases, the increased health awareness among individuals, and the changing consumption pattern.
The strict regulations and standardization followed in various food & beverage processing fuel the growth in food certification. The increasing demand for food and beverages product is also one of the main reasons that influence the growth of this market. The increased government regulations, brand concern and awareness for healthy, hygienic food quality boost global the food certification market.
The global food certification market is segmented based on the type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
The type segment is further bifurcated into ISO 22000, SQF, IFS, BRC, Kosher, Halal, USDA organic, AHA and ISTA & Hygiene modified approval scheme.
The application segment is divided into beverages, seafood, dairy products, infant food, organic food, processed meat & poultry, chocolates, convenience foods & functional foods, and bakery & confectionary.
The region segment is categorized into Asia Pacific, North America, Europe, and the Rest of the World. The food certification market witnessed an increase in the demand for processed meat and poultry and dairy products segment.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Food Certification Market |
Market Size in 2023 | USD 5.42 Billion |
Market Forecast in 2032 | USD 8.92 Billion |
Growth Rate | CAGR of 5.7% |
Number of Pages | 110 |
Key Companies Covered | Lloyd's Register Group Limited, SGS SA, Underwriters Laboratories Inc., Dekra SE, TÜV SÜD AG, Bureau Veritas, AsureQuality Limited, Intertek Group plc., DNV GL Group AS, and ALS Limited |
Segments Covered | By Type, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe dominates the global food certification market followed by North America. The regions in Asia Pacific show a high prevalence of food-borne disease, increased certification processes and also the increased need for food & beverages product, which drives the growth of the global market in these regions. The other regions such as Germany, the UK, and France are the emerging countries showing high opportunity for the global market growth.
The key players that contribute the major shares in the global food certification market are-
Global Food Certification Market: Type Analysis
Global Food Certification Market: Application Analysis
Food Certification Market: Regional Segment Analysis
FrequentlyAsked Questions
The increase in the demand for food certification is a major reason for the growth in the food certification market throughout the globe. The factors that influence the growth of the global market are the rise in the number of prevalent food-borne diseases, the increased health awareness among the individuals and the changing consumption pattern. The strict regulations and standardization followed in various food & beverages processing fuels the growth in the food certification. The increasing demand for food and beverages product is also one of the main reasons that influence the growth of this market. The increased government regulations, brand concern and the awareness for healthy, hygienic food quality boost global the food certification market.
According to Zion Market Research, global demand for the Food Certification Market was valued at approximately USD 5.42 Billion in 2023 and is expected to generate revenue of around USD 8.92 Billion by end of 2032 growing at a CAGR of around 5.7% between 2024 and 2032.
Europe dominates the global food certification market followed by North America. The regions in Asia Pacific show a high prevalence of food-borne disease, increased certification processes and also the increased need for food & beverages product, which drives the growth of the global market in these regions.
The key players that contribute the major shares in the global food certification market are Lloyd's Register Group Limited, SGS SA, Underwriters Laboratories Inc., Dekra SE, TÜV SÜD AG, Bureau Veritas, AsureQuality Limited, Intertek Group plc., DNV GL Group AS, and ALS Limited.
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