Wednesday, 6 June 2018

Growing demand for food certification

The Food Certification Market by Type (ISO 22000, BRC, SQF, IFS, Halal, Kosher, Free-From Certification), Application (Meat, Poultry, and Seafood, Dairy, Infant Food, Beverages, Bakery & Confectionery), Risk Category and Region - Global Forecast to 2023 report from Markets and Markets has been added to ResearchAndMarkets.com's offering.

The food certification market is estimated to be valued at US$8.87 billion in 2018, and is projected to reach US$11.45 billion by 2023, at a CAGR of 5.2% from 2018. Growing international trade, coupled with increasing stringency in food safety regulations, has been fuelling the demand for food certifications.

Increased consumer awareness about certified food products, a rising number of processed meat product recalls, and the prevalence of foodborne illness are some of the additional driving factors during the forecast period.

The "free-from" certifications segment is projected to grow at the highest CAGR among all food certification types from 2018 to 2023. It includes gluten-free, allergen-free, vegan, USDA Organic, and GMO-free certifications. Government bodies of various countries are actively promoting gluten-free certification schemes, systems, and programmes, Markets and Markets notes.

The high-risk foods segment, by risk category, is projected to grow at the highest CAGR during the review period.

Companies mentioned in the report include:

ALS
Asurequality
Bureau Veritas
Dekra
DNV
Eurofins
Intertek
Kiwa Sverige
Lloyd's Register
SGS
Tv Sd
UL

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Buy the Food Certification Market by Type (ISO 22000, BRC, SQF, IFS, Halal, Kosher, Free-From Certification), Application (Meat, Poultry, and Seafood, Dairy, Infant Food, Beverages, Bakery & Confectionery), Risk Category and Region - Global Forecast to 2023 report (May 2018)