Insights of Food Certification Market in Global Industry Development and Forecast to 2025
Food Certification -Market Outlook
Europe holds a dominant position in the food certification market due to demand for high quality and hygienic food products by the consumers. United Kingdom, France and, Germany has the most lucrative food certification market.
Asia Pacific is the fastest growing market for food certification, which is attributed to the causalities associated with foodborne illness, in turn increasing the awareness of food certification among the consumers. Growing urban population and rise in purchasing ability of consumers enables them to buy branded food products, which is fueling the growth of food certification market. Food Safety and Standards Authority of India (FSSAI), autonomous body established under the Ministry of Health & Family Welfare, Government of India has planned an investment of US$ 72.3 million to improve food testing infrastructure and set up new mobile testing laboratories in India. Such investments are estimated to drive the Indian food certification market.
North America has a significant demand for food certification market. The consumers in North America pay attention to the claims made on label and prefer to buy products certified by reliable agencies.
In the Middle East, Latin America, and Africa the lack of infrastructure and resources are the challenges for food certification market. Increasing health awareness and government strategies to meet international food quality standards for exporting the food products are propelling the food certification market.
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Market players are adopting various inorganic and organic strategies to improve their market positions. Key players operating food certification market include ALS Limited, Bureau Veritas, Dekra SE, DNV GL Group AS, Intertek Group Plc., SGS SA, TÜV SÜD AG, and Underwriters Laboratories Inc.
Many food certification agencies are available in the market. The food certification is selected based on the consumer demands and the regional regulations. Multiple certification can be achieved if it is required. The increasing concern about food safety is increasing the demand for food certification market by various industries such as beverages, processed foods, dairy products, seafood, meat, and poultry.
The demand for good quality food, increasing health consciousness, increasing demand for convenience food, and government intervention are the major drivers for the growth of food certification market. The time-consuming and expensive certification process and lack of resources and infrastructure in emerging economies are major challenges for food certification market.
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