CRI Report has released a report titled “Food Certification Market – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 11.73 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 5.7% between 2020 and 2030. According to the report, consumers’ growing knowledge of health issues has prompted them to closely inspect product levels to determine whether the stuff is appropriately certified or not. During the forecast period, the current buying behavior is expected to drive the global food certification market to its limits. In addition, the introduction of new food products to the market is expected to drive the global food certification industry in the future years.
The market report on global Food Certification Market includes in-depth insights as:
- The estimated value of the market was USD 4.95 billion in the year 2020.
- Global Food Certification in North America held the largest market share in the year 2020.
- Global Food Certification market is segmented by type into ISO 22000, KOSHER, BRC, SQF, IFS, ALAL, Free-from certifications, and Others.
- Global Food Certification Market is divided by application into Meat, poultry, and seafood products, Dairy products, Infant food products, Beverages, Bakery & confectionery products, and Others
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“Changing consumer habits, rising demand for convenience foods, increased availability of contaminated foods, need for fresh fruits and vegetables, meat and poultry products, and expanded food trade are all propelling the global food certification market forward. Consumer demand for nutritious food has risen in response to rising food-borne illness concerns. Other factors predicted to enhance the global food certification market’s growth throughout the projected period include strict regulations and a focus on good manufacturing practices.”, said a lead analyst at CRI Report.
Food certification is a guarantee given to food goods that they will not hurt the consumer once they have been consumed. Food safety hazards include biological, chemical, or physical agents in food or food conditions that have the potential to harm people. Food certification assists restaurants, cafes, and other small catering enterprises in adhering to food safety regulations. Food certification mandates that portions of the food and beverage industry maintain a clean, safe, and sanitary environment in which to manufacture consumable goods. It is a measure to strengthen food regulatory compliance monitoring and enhance the company’s reputation as a manufacturer of high-quality, safe products.
Global Food Certification market is segmented by type into ISO 22000, KOSHER, BRC, SQF, IFS, ALAL, Free-from certifications, and Others. The free-from certifications segment held the largest market share in the year 2020. The growing popularity of natural and organic products among consumers is expected to propel the free-from certifications market in the food and beverage industry forward. Due to increased consumer worries about food allergies, regulatory organizations in several countries are requiring food companies to properly label their products whether they are allergy or gluten-free, which is boosting the need for free-from certification.
Key Players in the Market
- Some of the key players operating in the global Food Certification Market are TV SD, ALS Limited, Underwriters Laboratories Inc., Kiwa Sverige, Lloyd’s Register, Bureau Veritas, SGS SA, Intertek Group Plc, Eurofins Scientific, and Other Prominent Players
Get Valuable Insights into Global Food Certification Market
In the new report, CRI Report thrives to present an unbiased analysis of the global Food Certification Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Global Food Certification market is segmented by type into ISO 22000, KOSHER, BRC, SQF, IFS, ALAL, Free-from certifications, and Others. Global Food Certification Market is divided by application into Meat, poultry, and seafood products, Dairy products, Infant food products, Beverages, Bakery & confectionery products, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.