The food certification market is appetizing for investors, with a projected growth rate of 10.4% CAGR, reaching a staggering US$ 28.4 Billion by 2034. This significant rise in demand for food certification signifies a flourishing opportunity for businesses in the B2B sector.
Growing Consumer Demand for Safety and Transparency
Quality, safety, and ethical production of food are becoming more and more important to consumers. Food goods that have been certified are in high demand due to this increased awareness. Certifications serve as a reliable indicator, telling customers that the food they are buying complies with strict guidelines.
Demand on the Rise: Transparency and Sustainability Take Center Stage
- Transparency Triumphs: Blockchain technology is revolutionizing the food certification landscape. By immutably recording certification data, blockchain ensures transparency throughout the supply chain, minimizing the risk of fraud and building consumer trust.
- Organic Appeal: The burgeoning demand for organic, non-GMO, and natural food products is propelling the need for certifications like USDA Organic and Non-GMO Project Verified.
- Safety First: With rising concerns about food allergies and intolerances, allergen management certifications are gaining traction. These certifications, like those offered by ACG and GFCO, ensure food safety for consumers with dietary restrictions.
- Sustainable Sizzle: Consumers are increasingly environmentally conscious, and sustainability certifications are witnessing a surge in popularity. Certifications like those from the Rainforest Alliance and Fair Trade highlight ethical sourcing and eco-friendly practices.
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Growing Factors: Technological Advancements and Regulatory Landscape
The food certification market is further invigorated by exciting advancements and a dynamic regulatory landscape:
- Digital Revolution: The adoption of digital solutions and remote auditing systems is streamlining the certification process. This enhances efficiency, reduces costs, and minimizes the need for in-person audits.
- AI Innovation: Artificial intelligence and IoT devices are playing a transformative role. AI algorithms analyze vast datasets to identify potential food safety risks, while IoT sensors continuously monitor storage conditions and equipment performance.
- Regulatory Push: Governments worldwide are implementing stricter food safety and quality regulations. This necessitates food certification for businesses to comply with these evolving standards and gain access to new markets.
Key Takeaways:
In 2024, the United States held a prominent share of 8.6% in the food certification market. The country faces challenges related to foodborne illnesses, with 48 million cases recorded annually and nearly 128,000 hospitalizations. Increased adoption of processed meat products has led to fraud cases.
Japan is expected to have a growth opportunity in the food certification market, holding over 4.1% of the global market share. The increasing demand for organic food has led to the initiation of certification programs by governing bodies. The growing awareness of clean-label ingredient food and strict regulations imposed by food regulatory bodies contribute to the market’s growth in Japan.
In India, the food certification market is driven by the clean-label food movement, increasing health awareness, and the rise in demand for kosher and halal food certification. The prevalence of foodborne diseases in the country has created a need for food certification, with India having a high number of reported cases.
China’s food certification market is anticipated to expand by 11.2% in the next decade. The expansion of food infrastructure and the rising demand for processed meat contributes to the increasing need for food certification. The country has experienced outbreaks of foodborne diseases, leading to strict norms and regulations imposed by regulatory bodies.
Free from certifications, ISO 22000 is expected to gain traction in the food certification market, holding 11.2% of the market value share. The increasing demand for organic and natural products, along with government initiatives and clean-label food awareness, drives the need for certification.
Among the primary applications in the food certification market, bakery and confectionery products hold a significant share of 12.8%. Certification programs ensure the quality, safety, and integrity of these products, assuring consumers.
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Competitive Landscape
Bureau Veritas, Eurofins Scientific, Intertek Group PLC, SGS Group, and NSF International are some of the prominent competitors in this sector. Mergers and acquisitions are also allowing these big businesses to maintain their dominance over other regional competitors in the market. For example,
- In September 2021, Bureau Veritas purchased AET France, a testing company established in France that provides product development and other testing services to consumers.
- Intertek Group PLC is going to launch a new vegan food certification mark in September 2022 to assure complete trust in product claims. The Intertek Vegan Certification is meant to examine the suitability of food products for vegan and plant-based customers.
Food Certification Market by Category
By Type:
- BRC Food
- IFS Food
- ISO 22000
- FSSC 22000
- HACCP
- Global GAP
- Organic
- Kosher
- Halal
- Others
By Application Type:
- Bakery & Confectionery
- Dairy Products
- Processed & Packaged Food
- Infant Food
- Alcoholic & Non-alcoholic Beverages
- Functional Food
- Meat & Poultry Products
- Seafood
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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