Factors such as increasing consumer awareness about certified food products, growing demand for processed meat products certification, and rising prevalence of foodborne illness are expected to drive the growth of the global market during the forecast period.
Certification standards address compliance to food safety and quality parameters of food, packaging, packaging materials, and storage & distribution for primary producers, manufacturers, and distributors. Factors such as increasing consumer awareness about certified food products, growing demand for processed meat products certification, and rising prevalence of foodborne illness are expected to drive the growth of the market for food certification during the forecast period. Market players are responding to new opportunities by expanding their global presence and gaining accreditations by government bodies.
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Market Dynamics
Drivers
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High-risk foods segment projected to grow at the highest CAGR, by risk category, from 2018 to 2023
The high-risk foods segment, by risk category, is projected to grow at a relatively higher rate during the forecast period. Due to their highly perishable nature, 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 high-risk products. Therefore, this segment is projected to grow at the highest CAGR during the review period.
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North America is projected to be the fastest-growing region during the forecast period.
The North American region is projected to grow at the highest CAGR during the forecast period. The North American market is mainly driven by the strong food safety regulations imposed by the governments across the North American countries for imported goods.
The US accounted for the largest country-wise market for food certification in the North American region, and is majorly driven by the factors such as initiatives taken by the US government pertaining to certification and accreditation services and promotion of food certifications such as Safe Food Quality (SQF), GlobalGAP, and British Retail Consortium (BRC). Canada is the second-largest food certification market in this region. The stringency of food safety and import-export regulations imposed by the Canadian government are driving the market in the country.
This report includes a study of business strategies, along with the product portfolios, of leading companies such as DEKRA SE (Germany), DNV GL (Norway), Intertek Group Plc (UK), SGS SA (Switzerland), TÜV SÜD (Germany), Lloyd’s Register (UK), Eurofins Scientific (Luxembourg), Kiwa Sverige (Sweden), ALS Limited (Australia), and UL LLC (US).
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Food & beverage manufacturers have started using collagen peptides increasingly as an ingredient in a wide range of products. Also, with biotechnological advancement, collagen peptides have found its use in various biomedical applications. The versatile nature of collagen peptides makes it useful in the pharmaceutical industry for the production of orally administrative medicines.Pea Starch Market is Expected to Reach $203 Million by 2026
Growth in the demand for pea starch in the end-user application industries is driving the market growth of pea starch. Further, increase in the demand for gluten-free products is also a major factor resulting to the rise in the demand for pea starch.Shrink Plastic Film Market is Estimated to Grow $3.0 billion by 2025
Based on type, the shrink plastic film market for beverage multipacks is dominated by the unprinted shrink plastic film segment.