The global demand for food certification is expected to reach new
heights in the coming years. The concerns of the masses towards adulteration of
food has increased the role of certification authorities. Packaged food has
gained popularity in recent times, and a large population of people depends on
it for their daily intake. Moreover, the use of packaged food in the restaurant
business has also gathered momentum in recent times. Therefore, certification
of food being sold in the marketplace has become a prerequisite to safer
practices. It is expected that the global food certification market would grow at a stellar
CAGR in the years to follow.
The next decade would be crucial to the growth of the global food
certification market. The focus of government authorities on ensuring food
safety across their administrative territories has aided market growth. The
World Health Organization (WHO) has also emphasized on the importance of using
food certification for a healthier and hygienic food industry.
Transparency Market Research (TMR) finds that the global food
certification market would expand at a robust CAGR of 5.3% over the period
between 2015 and 2021. The total volume of revenues in the global food
certification market is expected to touch US$16.09 Bn by the end of 2021. The
use of food certification trademarks on bottles of beverages and packaged food
items has played a pivotal role in market growth.
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Rice Exporters Under the Radar of Scrutiny
The Export Inspection Council (EIC) in India made it mandatory for rice
exporters to get food certifications prior to exports. This move has come as a
welcome step for the global food certification market. Furthermore, India is amongst
the largest exporters of food, and the new move shall have global implications.
The total volume of revenues in the food certification market shall rise
alongside tightening of measures to ensure food safety.
National-Level Initiatives for Food Safety
Several countries have their distinct food certification authorities,
and this is a key consideration from the perspective of market growth. In
recent times, central governments have addressed the issue of food safety with
a high level of scrutiny. Furthermore, the incidence of disease and death due
to unhygienic food packaging has increased the concerns of the masses.
Therefore, the total volume of revenues in the global food certification market
is expected to reach new heights in the years to come. Food certification gives
a level of confidence to the masses, and this has led food manufacturers take
certification authorities very seriously. The sale of food products is directly
proportional to the level of quality that is assured to the masses.
Some of the key players in the global food certification market are SGS
SA, Underwriters Laboratories Inc., Dekra SE, and ALS Limited.
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Food
and Beverages Sector
The food and
beverages sector has cemented its place among the global populace firmly over
the years. This sector attracts considerable investments and subsidies from
numerous government and non-government organizations. The trends and popularity
regarding specific sub-categories are dynamic and help in structuring the
overall growth. The trends are a way of answering the needs of the consumer.
The players in the food and beverages sector have to adapt to the changing
trends, which helps increase revenue-generation opportunities.
