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.
NEWARK, Del, Aug. 13, 2024 (GLOBE NEWSWIRE) — According to the latest analysis, the global
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.
The organic food and beverage market size is expected to trace an extraordinary course, showing a strong growth rate from an initial estimate of USD 278 million in 2024 to USD 639.4 million by 2034.
The Organic Snack Food Market Share is expected to expand at a CAGR of 4.1%. The industry’s estimated value will increase from USD 9.1 billion in 2023 to USD 13.5 billion in 2033.
The sales of organic pet food are projected to increase at a healthy CAGR of 7.4% during the forecast period, reaching USD 4.0 Billion by 2032.
The BRIC organic baby food market value is anticipated to be worth USD 5.5 billion in terms of revenue in 2023. The market is projected to expand at a CAGR of 16.1% to reach a market size of USD 24.5 billion by 2033.
The revenue generated from the sales of functional foods in GCC countries is estimated to be around USD 30.9 Billion by 2032, and is projected to expand at a CAGR of 11% during the forecast period 2022-2032.
The food testing services market share is predicted to reach a value of USD 21.7 billion in 2023 and is predicted to reach USD 49.06 billion by 2033.
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.
The pet food processing market share is expected to be valued at USD 6,684.4 million in 2024. In 2023, the value of the market was USD 6,348.0 million.
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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