Increasing Consumer Awareness About Certified Food Products Driving The Food Certification Market

By Author: MarketsandMarkets
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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 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.

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... 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 key market players adopted strategies such as expansions, acquisitions, agreements, partnerships, accreditations, and new service launches to meet the growing demand for food certifications.

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).

DEKRA is one of the leading organizations in the testing & certification market. DEKRA provides certification services through its industrial division, in nearly 200 countries, and works with more than 100 partners around the globe for local approvals. Certification services are offered throughout the product lifecycle. DEKRA food certifications comply with international safety standards. It offers certifications according to the international standards as well as first- and second-party audits. The company’s product testing & certification service unit expanded the range of services that it offers by setting up laboratories in Europe and Asia, owing to the growing awareness of food quality testing & certification. In November 2014, DEKRA acquired RCI Safety, a global safety consulting and solutions firm headquartered in the US.

Bureau Veritas is a global leader providing testing, inspection, and certification to meet the growing challenges of quality, safety, environmental protection, and social responsibility. Bureau Veritas has 900 accreditations and delegations. It is certified ISO 9001 and was the first to have its network accredited with ISO 17020. The company is a member of specialized international organizations, such as the Grain and Feed Trade Association (GAFTA), the Federation of Oilseeds and Fats Association (FOSFA), the Sugar Association of London (SAL), and the Agri Committee of the International Federation of Inspection Agencies (IFIA). The company operates in 140 countries across the Americas, Europe, the Middle East, Africa, and Asia Pacific. In April 2016, Bureau Veritas, in partnership with AsureQuality (New Zealand), acquired Dairy Technical Services (Australia). This acquisition enabled Bureau Veritas to access agri-food markets in Asia Pacific and offer a large range of services that help companies to reduce risk, ensure quality, and improve productivity throughout the supply chain.

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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.

The US accounted for the largest country-wise market for food certification in the North American region, and is majorly driven by the factors such as initiatives taken by the US government pertaining to certification and accreditation services and promotion of food certifications such as Safe Food Quality (SQF), GlobalGAP, and British Retail Consortium (BRC). Canada is the second-largest food certification market in this region. The stringency of food safety and import-export regulations imposed by the Canadian government are driving the market in the country.