Global Food Certification Market was valued at US$ 56.27 Bn in 2019 and is expected to reach 96.5 Bn by 2027, at a CAGR of 8.01 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Food Certification MarketGlobal Food Certification Market Dynamics:
Food certification supports in achieving consumer belief regarding food safety and quality. The Certificate addresses agreement to food safety and quality parameters of food, packaging, packaging materials, and storage & distribution for key producers, manufacturers, and distributors. Factors such as growing consumer awareness about certified food products, increasing demand for processed meat products certification, and expanding prevalence of foodborne illness are projected to drive the growth of the market in food certification during the forecast period. The food certification market is primarily driven by the strong food safety regulations executed by the governments across the North American countries for imported goods owing to the growth of the market share of food certificates in the forecast period.
Developing international trade joined with increasing food safety regulations, has been driving the demand for the food certifications market. The increasing frequency of foodborne illness is predictable to drive the growth of the food certification market during the forecast period.
Increasing consumer awareness about certified food products has expressively increased the demand in the market share of food certificates. This has directed to the voluntary acceptance of certification programs by food manufacturers to increase consumer trust.
On the other hand, the unpredictability in prices of raw material will restrict the growth of the market of Food Certificate. Further, the government will decline the investment in the existing technologies and will capitalize on advanced technologies for raising the demand in the forecast period.
Global Food Certification Market Segment Analysis:
On the basis of application, the meat, poultry, and seafood products segment are anticipated to lead the food certification market during the forecast period. A certification system is mandatory for the entire value chain of meat, poultry, and seafood products-from processors to distributors, exporters, and merchants. Growing meat product recalls across various countries are driving the demand for food certifications such as meat, poultry, and seafood products.
Global Food Certification Market Regional Insights:
The North American region is estimated to grow at the highest CAGR (XX %) during the forecast period of food certificate market. The food certification market is mostly driven by the strong food safety regulations forced by the governments across the North American countries for imported goods. The US is the largest country-wise market for food certification in the North American region and mainly driven by the factors such as enterprises taken by the US government affecting certification, endorsement services, and advancement of food certifications like Safe Food Quality (SQF), GlobalGAP, and British Retail Consortium (BRC). The inflexibility of food safety and import-export regulations enforced by the Canadian government are driving the market in the North American region.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Food Certification market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. The report will address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Food Certification market.
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Scope of the Global Food Certification Market Report:
Global Food Certification Market, by Type
• ISO 22000
• BRC
• SQF
• IFS
• Halal
• Kosher
• Free-from certifications
• Others
Global Food Certification Market, by Application
• Meat, poultry, and seafood products
• Dairy products
• Infant food
• Beverages
• Bakery & confectionery products
• Free-from foods
• Others
Global Food Certification Market, by Risk
• High-risk foods
• Low-risk foods
Global Food Certification Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Food Certification Market:
• DEKRA SE
• DNV GL
• Intertek Group Plc
• SGS SA
• TÜV SÜD
• Lloyd’s Register
• Eurofins Scientific
• KiwaSverige
• ALS Limited
• UL LLC
• Bureau Veritas
• Eurofins USA,
• Lloyd's Register Group Services Limited
• AsureQuality
• International Certification Ltd
• Control Union Certifications
• Indocert
• TQ Cert
• Socotec
• MS Certification Services
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