A recent report published by Infinium Global Research on the food certification market provides an in-depth analysis of segments and sub-segments in the global as well as regional food certification market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food certification market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global food certification market. According to the report, the global food certification market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
The growing influence of the food fusion culture around the world and rapid transition from traditional food to processed food, the convenience food product is helping to boost the demand of the food certification market. Further, the growing influx of multi-domestic food retail chains in the developing countries with their mix product offering is forcing the government bodies to regulate this market. Additionally, the Food certification helps to bring the food processors, food serving companies, organized and unorganized food retail chains to adopt a healthy procedure and standard technology, ingredients, and processing condition, which is healthy and hygienic. Additionally, the adaptation of the food certification procedure and its continuous audit by the third party helps to boost the brand image of the concerned organization and provide opportunities to charge a premium price for their product offerings.
The continuously growing influence of the global food fusion culture and growing desire to eat something new among the young and middle-class consumers is creating exponential opportunities for the food certification market around the world. Further, every new formulation of the new food products is helping to change the present dynamic force of the food certification market. However, the lack of government determination to implement a safe and healthy food to its nationals is hampering the growth of the market. The growing awareness among the consumers about the eating of the certified food and its long term benefits is helping to grow the market at a good rate. Additionally, growing government determination in the developing countries to regularize the food sector is helping to boost the demand of the food certification market at a new height.
Geographically, the food certification market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. The North America market is the largest market, owing to the presence of several food certification players in the market, who are helping the government to regulate the food market in this country. Additionally, the presence of several food processors, food chain retail outlets and the other unorganized food retail houses, who are constantly trying to enhance their brand image through certification is helping to grow the demand for the food certification in this region at a sustainable rate. Europe is the second-largest region for the food certification, after North America. The Asia-Pacific food certification market is expected to grow at the highest CAGR, owing to the continuous growing demand of the certified food among the young and middle-class consumers in this region.
The report on the global food certification market covers segments such as type, risk category, application, and supply chain. On the basis of type, the sub-markets include ISO 22000, BRC, SQF, IFS, Halal, Kosher, Free-From certifications, and other types. On the basis of risk category, the sub-markets include high-risk foods, and low-risk foods. On the basis of application, the sub-markets include meat, poultry and seafood products, dairy products, infant food, beverages, bakery & confectionery products, free-from foods, and other applications. On the basis of supply chain, the sub-markets include growers, manufacturers, and retailers.
The report provides profiles of the companies in the market such as UL LLC, ALS Limited, Kiwa Sverige AB, AsureQuality Limited, Lloyd's Register Group Limited, Eurofins Scientific, Bureau Veritas S. A., DNV GL, SGS S.A., and TÜV SÜD.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food certification market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.