Food Certification Market to Surge at a CAGR of 10.4% by 2034 Amid Increasing Awareness Regarding Food Safety, Quality, and Ethical Production Practices

Increasing demand for organic food coupled with rising awareness for clean-label ingredient food has improved the need for food certification across Japan. Owing to the growing health consciousness regarding the side effects of adulterated food products in Japan, food regulatory bodies have imposed stricter regulations. Moreover, developing food infrastructure and growing food scrutiny might also improve the growth of the food certification market in Japan.

/EIN News/ -- NEWARK, Del, Aug. 13, 2024 (GLOBE NEWSWIRE) -- According to the latest analysis, the global food certification market value is expected to grow from USD 11,053.9 million in 2024 to USD 28,405.7 million by 2034. It will likely exhibit strong growth during the forecast period, with overall demand rising at a CAGR of 10.4%.

Several factors are expected to drive the food certification industry forward during the assessment period. These include:

• Food certifications play a crucial role in ensuring the safety, quality, and sustainability of food products.
• Consumers are becoming conscious about the food they consume and are actively seeking products with certifications that validate specific attributes such as organic, non-GMO, fair trade, gluten-free, and animal welfare.
• Certification bodies are also evolving to offer a wide range of certification programs tailored to different sectors and specific requirements. Furthermore, regulatory bodies and government agencies are implementing strict regulations and guidelines to maintain food safety standards and protect consumer interests.
• The global food certifications market is expanding as many countries and regions adopt certification programs. Additionally, advancements in technology, such as blockchain-based certification systems, are emerging to enhance transparency and traceability in the food supply chain

The rising importance of food certifications like BRC Food, IFS FOODs, ISO 2203, FSSC FOODS, HACCP, Global GAP, and others is expected to boost the global market. Each certification serves a specific purpose to maintain product safety, quality, and integrity across different sectors.

Food certifications are essential for manufacturers, retailers, and regulatory bodies, ensuring that food products meet specific safety standards, quality, and ethical production practices. They also reduce risks associated with foodborne illness, contamination, fraud, and noncompliance with regulations. 

As consumer awareness grows regarding health, sustainability, and ethical concerns, the demand for certified products is expected to increase globally. Emerging regions such as the Asia-Pacific and Latin America present key opportunities for these certifications.

Growing health-conscious consumers and middle-class populations are projected to further drive demand for safer and higher-quality food certification products. Hence, the target market is projected to thrive rapidly through 2034.

Explore the Full Report for In-Depth Competitive Insights! https://www.futuremarketinsights.com/reports/food-certification-market

Key Takeaways from the Food Certification Market Report:

• The global food certification market is estimated to be valued at USD 11,053.9 million in 2024. 
• The market is expected to surge at a CAGR of 10.4% by 2034.
• In the United States, the food certification market is expected to exhibit a CAGR of 8.6% by 2034.
• India is expected to grow at a CAGR of 8.5% during the forecast period.
• Based on application, the dairy products segment is expected to reach USD 3,933.3 million in 2034.
  

"The food certification market consists of certification bodies, inspectors, and consultants who verify compliance with standards. These bodies serve both manufacturers who rely on these certifications to differentiate their products and consumers who trust them to make ethical and informed decisions. Growing consumer awareness about food safety and quality is expected to play a key role in boosting the food certification industry through 2034." says Nandini Roy Choudhury, Client Partner at Future Market Insights 

The popularity of Multi-Domestic Food Service and E-Retail Chains to Shape the Market

With the rapid shift to processed and convenient food, food certification remains of paramount importance. The emergence of e-commerce platforms and online food delivery services is estimated to propel the need for food certification worldwide.

The advent of multi-domestic food services, especially in India and China, is compelling governing bodies and agencies to monitor the safety and quality of food. The imposition of several food certification policies is helping the growth of the market.

There are several companies adopting food certification methods to meet the burgeoning demand for halal and ‘free-from’ certification food. Food producers are adopting these methods to maintain their position in the industry and to garner consumers’ trust. This particularly is going to aid the market growth in the coming years.

Demand for halal food products from the Muslim countries in the Middle East has amped up the demand for food-certification of meat products. Hence, food certifications continue to gain traction as a necessity with the globalization of the food sector.

Competitive Landscape

The competitive landscape of the food certification market is characterized by a diverse array of certification bodies, auditors, and consultants globally. Key players offer a wide range of certification services related to food safety, quality, and sustainability. 

Regional and national certification companies play significant roles in specific markets, providing local expertise and support. The market is dynamic, with ongoing innovations in certification standards and increasing demand driving competition among industry players to maintain credibility and relevance in the evolving food industry.

For instance,

• In November 2022, SCS announced the launch of the plant-based certification program. The program advances plant-based options and recognizes development in different buyer items.
• In September 2022, Intertek Group PLC presented a vegan food certification mark to guarantee total belief in item claims. 

Key Companies Profiled in the Food Certification Industry

• SGS SA
• Bureau Veritas SA
• Thermo Fischer Scientific Inc.
• ALS Limited
• AsureQuality Limited
• UL Registrar LLC
• Aspirata Auditing Testing And Certification (Pty) Ltd.
• Dekra SE
• Lloyd’s Register Group Services Limited
• Indocert
• Intertek Group Plc.        
• Eurofins Scientific SE

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global food certification market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the food certification industry based on certification type (BRC Food, IFS Food, ISO 22000, FSSC 22000, HACCP, Global GAP, Organic, Kosher, Halal, and others) and application (bakery & confectionary, dairy products, processed & packaged food, infant food, alcoholic & non-alcoholic beverages, functional food, meat & poultry products and seafood) across several regions.

Old Source: Food Certification Market is Set to Top US$ 28.18 Billion by expanding at a CAGR of 11% CAGR during forecast period 2023 to 2033 | Future Market Insights, Inc

Authored by: 

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.   

She has exceptional analytical skills and often brings thought leadership to the table.  

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. 

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.  

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor. 

Explore FMI’s related ongoing Coverage in the Food and Beverage Domain: 

The organic foods market share is likely to record a 12.1% CAGR during the forecast period. The market is likely to reach USD 176.51 billion in 2023 and is expected to be worth USD 553.13 billion in 2033.

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The diabetic food market revenue is anticipated to record a value of USD 12,000 million in 2024. The industry is projected to witness a CAGR of 8.3% in the ten-year time frame.

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The global natural food colors market value is expected to reach a valuation of USD 1.7 billion in 2023.

The global demand for convenience food is anticipated to rise at a CAGR of 7.2%. The market revenue is likely to be valued at USD 591.5 million in 2022 and exhibit a revenue growth of USD 1,138.8 million by 2033.

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