The food
certification market is estimated to be valued at USD 8.45 Billion in
2017, and is projected to reach USD 11.45 Billion at a CAGR of 5.2% from 2017
to 2022. This market is driven by the increasing consumer awareness about
certified food products and rising prevalence of foodborne illnesses. Food
manufacturers have been gaining consumer trust by voluntary adoption of
certification programs. They are also inclined to enhancing the diversified
product portfolio and brand value. The growth of the processed meat industry
has been driving the food certification market.
The key market players adopted strategies such as
expansions, acquisitions, agreements, partnerships, accreditations, and new
service launches to meet the growing demand for food certifications.
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The active players in the food certification market include
Dekra (Germany), Intertek (UK), TÜV SÜD (Germany), SGS (Switzerland), DNV
(Norway), Bureau Veritas (France), Eurofins (Luxembourg), Lloyd’s Register
(UK), AsureQuality (New Zealand), Kiwa Sverige (Sweden), ALS Limited (Australia),
and UL LLC (US).
The free-from segment of the global food certification
market is projected to grow at the highest CAGR during the forecast period. It
includes a variety of food ingredients or processed foods that are labeled with
“free-from” certifications. Increase in demand for gluten-free and
allergen-free certified products as well as organic foods which are free from
chemical fertilizers, pesticides, GMOs, and growth regulators is projected to
drive the growth of this segment in the next five years.
The high-risk foods segment, by risk category, is projected
to grow at a relatively higher rate during the forecast period. Due to their
highly perishable nature, stringent quality standards are maintained while
manufacturing, storing, and transporting these products. Strong regulations are
imposed by the governments across the world for the manufacturing, handling,
and trading of high-risk products. Therefore, this segment is projected to grow
at the highest CAGR during the review period.
The North American region is projected to grow at the
highest CAGR during the forecast period. The North American market is mainly
driven by the strong food safety regulations imposed by the governments across
the North American countries for imported goods.
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