(Entertainment-NewsWire.com, December 20, 2021 ) The food certification market is estimated to account for a value of USD 4.7 billion in 2020 and is projected to reach a value of USD 6.2 billion, with a CAGR of 5.4% for the forecast period 2020-2025. The growth of the food certificationmarket is driven by various factors, such as increasing instances of foodborne illness, need to opt for safe food, increase in global trade of food products and strict standards in food industry and certification requirments.
Key players in the food certification market include SGS (Switzerland), DNV (Norway), Lloyd’s Register (UK), Bureau Veritas (France), Control Union Certifications (Netherlands), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD (Germany), AsureQuality (New Zealand), DEKRA (Germany), Kiwa Sverige (Sweden), ALS (Australia), and NSF International (US). Service launches, acquisitions, agreements, collaborations, and partnerships were some of the core strengths of the leading players in the food certification market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Some of the other leading players in the food certificationmarket include Aspirata (South Africa), International Certification Ltd (New Zealand), Control Union Certifications (Netherlands), Indocert (India), TQ Cert (India), Eurofins (Luxeumbourg), Socotec (France) and MS Certification Services (India).
DEKRA (Germany) is one of the leading organizations in the testing and certification market operating through business segments which are vehicle inspection, product testing, consulting, training, claims & expertise, industrial inspection and audits, and temp work. The food certification services are offered through the audits service division. It offers food certifications, such as BRC and IFS, for consumer products. It has a wide network of distribution operating in more than 60 countries. It has adopted mergers and acquisitions as strategies to expand its presence across regions such as US, China, South Africa, and New Zealand, in the food and consumer products certification market. In October 2020, DEKRA announced the mergers of DEKRA Process Safety with its business DEKRA Organizational Reliability to form DEKRA Organizational and Process Safety (DEKRA UK Ltd.), which is a one-stop-shop for high hazard processes in the pharmaceutical and food industries, offering various practical solutions in the process and behavioral safety.
SGS (Swizerland) is one of the major leaders in the food and material testing market. It offers various inspection, verification, testing, and certification services with business operating through nine business segments, which include agriculture, food and life, minerals, oil, gas and chemicals, consumer and retail, certification and business enhancement, industrial, environment, health and safety, transportation, and governments and institutions. It offers food certification services under its agriculture, food, and life segments. It has a network spread in more than 140 countrieswith 2600 offices across regions such as Americas, Asia Pacific, Europe, Africa, and the Middle East. The subsidiaries through which the company operates in various regions include SGS North America Inc. (US), SGS United Kingdom Limited (UK), Galson Laboratories (US), Intron BV (Netherlands), and SGS Canada Inc. (Canada). The company adopts various strategic moves like new product launch and expansion in order to strengthen its business hold. In August 2020, during the outbreak of COVID-19, SGS launched remote FSMA certification audits to offer flexibility for food suppliers to opt for a full accredited certification audit for FSMA FSVP with assurance of food products safety throughout the supply chain.
Related Reports:
Food Certification Market by Type (ISO 22000, BRC, SQF, IFS, Halal, Kosher, Free-From Certification), Application (Meat, Poultry, and Seafood, Dairy, Infant Food, Beverages, Bakery & Confectionery), Risk Category, and Region - Global Forecast to 2025
