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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