Food Certification Market Size

Statistics for the 2023 & 2024 Food Certification market size, created by Mordor Intelligence™ Industry Reports. Food Certification size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Food Certification Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Food Certification Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.90 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Food Certification Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Food Certification Market Analysis

The food certification market is projected to register a CAGR of 5.9% during the forecast period.

The long-term growth of the TIC (Testing, Inspection, and Certification) market has been aided by an increase in corporate outsourcing of R&D operations as well as quality assurance work to third parties, increasing trade flows, and a growing global demand for regulation of materials, products, systems, and processes.

In recent years, the food industry has seen a rapid digitalization of food safety. Businesses began to use digital solutions to record food safety data more accurately, reduce human error, and improve overall compliance. The industry is only expected to embrace this trend more as new software programs and automated applications for food businesses hit the market.

Moreover, the rising concerns about artificial products around the world are driving the market significantly. Since consumers were more focused on the types of food they were consuming and were also mostly preferring the food products that were properly labeled. The properly labeled food products and the food companies certified by various agencies play a vital role in the consumer's preferences because of the food safety these products carry. Bureau Veritas, which is one of the major players in this industry, estimated an organic growth in fiscal 2021 in marine-based food products. The company had a growth of 8.7% in operation compared to the pre-pandemic situation.

Additionally, the major factors that are expected to drive the growth of the food certification market during the forecast period include increasing consumer awareness about certified food products, growing demand for processed meat products certification, and the rising prevalence of foodborne illness. According to WHO (World Health Organization) every year, one in every ten people in the world suffers from illness after eating contaminated food, and 420 000 die, resulting in the loss of 33 million healthy life. Each year, low- and middle-income countries lose USD 110 billion in productivity and medical costs due to unsafe food. Children under the age accounts account for 40% of the foodborne disease burden, with 125 000 deaths each year.

Food Certification Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)