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Food Certification Market worth $7.72 billion by 2029- Exclusive Report by MarketsandMarkets

Finanznachrichten News

DELRAY BEACH, Fla., Nov. 11, 2024 /PRNewswire/ -- The food certification market is estimated to be worth USD 5.85 billion in 2024 and is projected to reach USD 7.72 billion by 2029, at a CAGR of 5.7% during the forecast period, according to a report published by MarketsandMarkets.

MarketsandMarkets

The food certification market is experiencing robust growth, driven by increasing consumer demand for food safety, transparency, and ethically sourced products. Certifications such as ISO 22000, which ensures compliance with global food safety standards, dominate the market due to their widespread adoption across various stages of the food supply chain. Additionally, the growing preference for clean label products has led to a surge in certifications like organic, allergen-free, and fair trade, as consumers prioritize transparency and health-conscious choices. Key players in the market are expanding their certification portfolios, incorporating digital technologies for traceability, and entering emerging markets to meet the evolving needs of businesses and consumers alike. This focus on both regulatory compliance and consumer-driven trends is expected to fuel the continued expansion of the food certification market.

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The 'free-form' food certification in the Dietary & Lifestyle Certification type of the market is projected to grow at the highest CAGR during the forecast period.

Free-form food certification is rapidly emerging as the fastest-growing segment in the food certification market, largely driven by increasing awareness of food intolerances, allergies, and specific dietary preferences. With more consumers diagnosed with conditions such as celiac disease and lactose intolerance, there is a heightened demand for products that are explicitly labeled as gluten-free, lactose-free, and allergen-free. This trend is further amplified by the broader movement toward personalized nutrition, where consumers are increasingly seeking foods that align with their individual health needs and lifestyle choices.

The popularity of clean-label products also plays a crucial role in this growth. Consumers are becoming more discerning about what they eat, favouring products that are free from artificial additives, preservatives, and common allergens. As a result, food manufacturers are responding by obtaining free-form certifications to ensure their products meet these safety standards, ultimately enhancing consumer trust and confidence. North America stands out as a key region driving the demand for free-form food certifications. The health-conscious population, coupled with a strong preference for gluten-free and allergen-free options, has created a robust market for these certifications. As consumers continue to prioritize transparency and quality in their food choices, the free-form food certification segment is poised for significant growth in the coming years, reflecting a broader shift toward healthier and more inclusive dietary options.

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The Dietary & Lifestyle Certification type of the market is projected to grow at the highest CAGR during the forecast period.

The dietary and lifestyle certification segment, which includes certifications like Halal, Kosher, and free-form (gluten-free, allergen-free), is the fastest-growing category in the food certification market due to several compelling factors. There is an increasing global population that adheres to specific dietary laws and lifestyle choices, driven by cultural, religious, and health considerations. For instance, the demand for Halal and Kosher certifications is rising as more consumers seek food that aligns with their religious beliefs. Additionally, the growing awareness and diagnosis of food allergies and intolerances have led to a surge in demand for free-form certifications, catering to individuals with specific dietary restrictions. Furthermore, the globalization of food products means that consumers are more exposed to various dietary preferences and lifestyles, leading to a heightened demand for products that cater to these needs. As a result, dietary and lifestyle certifications are experiencing significant growth, reflecting a broader trend toward inclusivity and health-conscious eating habits in the global food market.

North America is expected to register the significant CAGR during the forecast period.

Primarily driven by a combination of health consciousness, regulatory requirements, and consumer demand for transparency. The region has a diverse population with varying dietary preferences, including a significant number of individuals following specific dietary laws, such as Halal and Kosher, as well as those seeking free-form products like gluten-free and allergen-free options.

The rise in food-related health issues, such as allergies and intolerances, has heightened awareness and demand for certifications that ensure product safety and compliance with dietary needs. Consumers are increasingly prioritizing clean label products, which has led food manufacturers to seek certifications that validate their claims, thereby boosting market growth.

The report profiles key players such as DEKRA (Germany), SGS (France), Intertek Group plc (UK), AsureQuality (New Zealand), and Bureau Veritas (France), LQRA (UK), DNV (Norway), TÜV SÜD (Germany), Kiwa (Netherlands), ALS (US), UL LLC (US), EAGLE Certification Group (US), INTL Certification Limited (UK), Assurecloud (Africa) and Control Union Certifications (Netherlands).

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Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

Related Reports:

Food Safety Testing Market by Technology (Traditional and Rapid), Target Tested, Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits & Vegetables, and Cereals & grains) and Region - Global Forecast to 2027

Food Traceability Market Size, Share, Industry Growth, Trends Report (Technology & Software) by Technology Type (RFID, Barcodes, Infrared, Biometrics, GPS), Software Type (ERP, LIMS, Warehouse), Software End User, Technology Application and Region - Global Forecast to 2025

About MarketsandMarkets

MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

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