Food Certification Market to Reach £6.2 Billion by 2029 - Exclusive Report by MarketsandMarketsâ¢
The food certification market is predicted to grow significantly in the coming years, with a projected value of £6.2 billion by 2029. This represents a compound annual growth rate (CAGR) of 5.7% from its estimated value of £4.7 billion in 2024, according to a new report by MarketsandMarketsâ¢.
This growth is driven by increasing consumer demand for food safety, transparency, and ethically sourced products. Certifications like ISO 22000, which ensures adherence to global food safety standards, are widely adopted throughout the food supply chain and are a major contributor to market growth.
The shift towards clean-label products, with a focus on natural ingredients and minimal processing, has also fuelled the rise of certifications such as organic, allergen-free, and fair trade. This trend is driven by consumers who value transparency and prioritise health-conscious choices.
Key players in the food certification market are responding to this evolving landscape by expanding their certification portfolios, incorporating digital technologies for traceability, and entering emerging markets. This focus on both regulatory compliance and meeting consumer demands is expected to continue driving market expansion.
Free-Form Certifications Leading the Growth
The "free-form" food certification sector, which encompasses certifications for specific dietary needs and lifestyle choices, is anticipated to see the fastest growth during the forecast period. This growth is driven by factors such as rising awareness of food intolerances, allergies, and specific dietary preferences.
For example, the demand for gluten-free, lactose-free, and allergen-free products is increasing due to the growing number of people diagnosed with conditions like coeliac disease and lactose intolerance. This trend is further fuelled by the broader movement towards personalised nutrition, where individuals are increasingly seeking foods that cater to their unique health needs and lifestyles.
North America: A Key Market Driver
North America is projected to be a significant contributor to market growth, driven by a combination of health consciousness, regulatory requirements, and consumer demand for transparency. The region boasts a diverse population with varying dietary preferences, including a significant number of individuals adhering to specific dietary laws like Halal and Kosher.
The growing awareness of food-related health issues, such as allergies and intolerances, has increased the demand for certifications that ensure product safety and compliance with dietary needs. Consumers are increasingly prioritizing "clean label" products, further encouraging food manufacturers to seek certifications to validate their claims.
Key Players and Future Outlook
The report profiles several key players in the food certification market, including DEKRA (Germany), SGS (France), Intertek Group plc (UK), AsureQuality (New Zealand), and Bureau Veritas (France), amongst others.
As consumer demand for transparency, safety, and ethical sourcing continues to increase, the food certification market is poised for continued growth. This trend will likely be driven by the development of new certifications catering to evolving consumer preferences and the increased adoption of digital technologies for greater traceability and accountability.
