Food Certification Market Size, Share, Growth, and Industry Analysis, By Type (ISO 22000, Halal, Kosher, SQF, FSSAI, BRC, and Others), By Application (Processed Meat and Poultry, Organic Food, Dairy Products, Seafood, Beverages, Infant Foods, and Others) and Regional Forecast to 2032

Updated On: 02 September 2024

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MARKET REPORT OVERVIEW

The global Food Certification Market size was USD 5.13 billion in 2023 and the market is projected to touch USD 8.97 billion by 2027, exhibiting a CAGR of 5.76% during the forecast period.

It provide the user with a lot of features that make this particular product service work efficiently and effectively. An organization's commitment to accepted norms and procedures is demonstrated by a certification for food safety.  This factor has augmented the food certification market growth.

The anticipated rate of growth for this particular product service is due to quality level of assurance. Prosperity has been observed for this particular product market with amusing numbers. Establishing uniform and widely recognized certification frameworks is made possible via cooperative efforts between certification agencies, food producers, and retailers. These alliances can improve credibility, expedite certification procedures, and jointly address industry difficulties by pooling resources and expertise. The resultant standardized frameworks help all parties involved and foster consumer confidence while streamlining compliance with various certification criteria in the food business, which in turn promotes market growth. This has ultimately outraged the sales and demand for this particular market growth and prosperity.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of injuries related to food and beverage industry. Therefore, a small influence from COVID-19 is anticipated on the food certification market share.

LATEST TRENDS

"Environment Friendly Approaches  to Drive Market Growth"

A latest trend has been witnessed to proliferate the market growth. The emergence of ethical and sustainable methods for producing food opens up certification prospects. Food producers who implement sustainable practices might use certificates as a means of showcasing their dedication to the growing number of consumers who are prioritizing sustainability. As environmental and ethical standards in the food sector change, this alignment promotes trust, responds to consumer concerns, and creates opportunities for market expansion. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.

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MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into ISO 22000, Halal, Kosher, SQF, FSSAI, BRC, and Others amongst which the leading segment is the ISO 22000.

• ISO 22000: It is nothing but a type of certificate with the ISO 22000.
• Halal: It is basically a type that of certificate with the Halal.
• Kosher: It is nothing but a type of certificate with the starch Kosher.
• SQF: It is nothing but a type of chemicalcertificate with the SQF.
• FSSAI: It is basically a type that of certificate with the FSSAI.
• BRC: It is nothing but a type of certificate with the starch BRC.

By Application

Based on application the global market can be categorized into Processed Meat and Poultry, Organic Food, Dairy Products, Seafood, Beverages, Infant Foods, and Others amongst which the leading segment is the Processed Meat and Poultry.

• Processed Meat and Poultry: It is just an application where it is used by Processed meat and poultry.
• Organic Food: It is nothing but an application where it is used by organic food.
• Dairy Products: It is just an application where it is used by organic products.
• Seafood: It is nothing but an application where it is used by seafood.
• Beverages:It is just an application where it is used by
• Infant Foods: It is nothing but an application where it is used by infant foods.

DRIVING FACTORS

"Research and Development to Boost the Market"

This is the major factor attributing the growth of this particular market. The research and development activities have been augmented due to which the demand for this particular prodcut has been proportionally increased which has resulted in the proliferation of the revenue and share numbers as well. Food certifications are essential for building consumer trust since they provide information about the source, production methods, and general quality of the product. Customers view the accredited brands favorably as a result of this transparency, which influences their purchasing decisions. These factors are anticipated to drive the market growth during the forecast period.

"Sustainable Initiatives  for Food Safety to Expand the Market"

This is the second major factor attributing the growth of this particular  market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it. Adherence to strict government laws that specify safety and quality standards is vital in the food sector. In order to comply with industry standards, companies frequently seek food certifications. These certificates show a dedication to guaranteeing the safety and caliber of food products in addition to indicating compliance with accepted standards. By getting certifications, businesses demonstrate their commitment to providing consumers with safe and high-quality food while reducing risks and aligning with regulatory standards. Clearly observed that these specific factors have been extremely helpful for the market growth. These factors are anticipated to drive the market growth in the present times and also during the forecast period.

RESTRAINING FACTOR

"High Cost and Negligence to Impede Market Growth"

These particular solutions have been very helpful yet extremely costly as well. It has been witnessed that this particular market has experienced immense trouble in the supply chains which has resulted in the restrain for this market growth. The protracted certification procedures, which involve audits and assessments, might hinder market expansion by impeding enterprises' capacity to react swiftly to market demands. Extended certification cycles can impede the launch of new products, expansions, or adjustments, hence reducing the flexibility of companies. This constraint may have an impact on competitiveness since it makes it difficult for companies to quickly adjust to changing customer demands and market conditions. This particular factor is anticipated to restrain the market growth and drastically reduce the sales and demands of this particular product market. 

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REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America  Dominating the Market due to Advanced Technology"

North America is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period. In the region of North America, the certifying bodies ensure that the businesses producing food and drink adhere to appropriate food safety procedures through comprehensive audits and follow up. Tight regulatory standards compel businesses to follow the rules in order to maintain market dominance, according to the US Department of Agriculture.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Bureau Veritas (France)
• Asure Quality (New Zealand)
• TUV SUD (India)
• International Certification Ltd (U.K.)
• Lloyd's Register (U.K.)

INDUSTRIAL DEVELOPMENT

November 2022: This particular company has attributed the market growth in terms of revenue and shares system. The SCS-109 Standard certification program for plant-based systems was launched by SCS Global Services. This project honors innovation in a range of consumer goods, including food, drinks, CBD, and body care products, and it promotes plant-based substitutes. With a minimum criterion of 95% plant-based ingredients for products intended for human and animal consumption and 50% for body care products, certification ensures the absence of ingredients originating from animals. This development has proved that the company will continue to proliferate this particular product market growth.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.