(EMAILWIRE.COM, January 09, 2019 ) Major players in food certification market include DEKRA SE (Germany), DNV GL (Norway), Intertek Group Plc (UK), SGS SA (Switzerland), TV SD (Germany), Lloyds Register (UK), Eurofins Scientific (Luxembourg), Kiwa Sverige (Sweden), ALS Limited (Australia), and UL LLC (US).
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The food certification market is estimated to be valued at USD 8.87 billion in 2018, and is projected to reach USD 11.45 billion by 2023, at a CAGR of 5.2% from 2018. Major players in this market include DEKRA SE (Germany), DNV GL (Norway), Intertek Group Plc (UK), SGS SA (Switzerland), TV SD (Germany), Lloyds Register (UK), Eurofins Scientific (Luxembourg), Kiwa Sverige (Sweden), ALS Limited (Australia), and UL LLC (US).
Growing international trade, coupled with increasing stringency in food safety regulations, has been fuelling the demand for food certifications. Growing consumer awareness about certified food products, increasing number of processed meat product recalls, and rising prevalence of food borne illness are some of the important factors that are expected to drive the growth of the food certification market during the forecast period. However, lack of awareness about the food certifications among small-scale manufactures and increase in incidences of false labelling and certifications are the major challenges for the food certification market.
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Free-from certifications segment is projected to be the fastest-growing from 2018 to 2023
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 programs. Regulatory bodies in various countries are asserting that food producers should have appropriate allergen labelling on their products owing to the growing concerns about food allergies. These factors are expected to drive the demand for free-from certifications during the forecast period.
Meat, poultry, and seafood products segment, by application, is estimated to lead the market with the largest share in 2018
Food certification is highly required for meat, poultry, and seafood products; this certification system is required for the entire value chain of meat, poultry, and seafood productsfrom processors to importers, exporters, and distributors.
Consumers, retailers, and manufacturers in the food industry are increasingly demanding information and assurance about safety and sustainability of their meat, poultry, andsea food purchases. The increase in consumer concerns about the quality, nutrition, price, and safety of these products drives the certification market for meat, poultry, and seafood products.
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High-risk foods segment, by risk category, dominated the market in 2017
High-risk foods are prone to bacterial contamination due to high moisture and protein content. Hence, 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 these food products. Due to their high perishable nature, suppliers and manufacturers are compelled to obtain certifications for these products; this has driven the growth of the high-risk foods segment.
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