Food Certification Market: Outlook, Opportunities and Demand Analysis, Forecast 2018- 2023
by Mit K. SEOCertification standards
address compliance to food safety and quality parameters of food, packaging,
packaging materials, and storage & distribution for primary producers,
manufacturers, and distributors. Factors such as increasing consumer awareness
about certified food products, growing demand for processed meat products
certification, and rising prevalence of foodborne illness are expected to drive
the growth of the market
for food certification during the forecast period. Market players are
responding to new opportunities by expanding their global presence and gaining
accreditations by government bodies.
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Market Dynamics
Drivers
• Increasing Consumer Awareness About Certified Food Products
• Increasing Demand for Processed Meat Product Certification
• Food Quality Certification Scheme
• Increasing Prevalence of Foodborne Illness
Restraints
• Lack of Harmonization in Food Certification Standards & Guidelines Across the Globe
• Lack of Food Control Infrastructure & Resources in Developing Countries
Opportunities
• Growing Trend of Outsourcing Certification From Third Parties
• Food Processing Industry Making Food Safety Management A Mandate
• Organic Food Certification
• Growing Number of Small & Medium Scale Enterprises (Smes)
Challenges
• Lack of Awareness About Food Certification Among Small-Scale Manufacturers
• Increasing Incidences of False Labeling & Certification
Target Audience:
• Accreditation bodies
• Certification bodies
• End users
High-risk foods segment projected to grow at
the highest CAGR, by risk category, from 2018 to 2023
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.
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North America is projected to be the
fastest-growing region during the forecast 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.
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.
This
report includes a study of business strategies, along with the product
portfolios, of leading companies such as DEKRA SE (Germany), DNV GL (Norway),
Intertek Group Plc (UK), SGS SA (Switzerland), TÜV SÜD (Germany), Lloyd’s
Register (UK), Eurofins Scientific (Luxembourg), Kiwa Sverige (Sweden), ALS
Limited (Australia), and UL LLC (US).
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Created on Jul 16th 2020 08:43. Viewed 223 times.