LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global food certification market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report.
The growing adoption of kosher and halal certified products is one of the major trends being witnessed in the global food certification market 2018-2022. The global food certification market is currently experiencing a rise in demand for halal and kosher certified products due to the prohibition on the use of porcine collagen peptide ingredients in food products on religious grounds. The expanding Islamic and Jewish population is anticipated to drive the demand for kosher and halal certified products produced from bovine or piscine raw material and fish-based collagen. The Middle East is significantly contributing to the growing demand for halal-certified collagen products. Several vendors have enhanced their portfolio to include kosher and halal certified products. For instance, Rousselot, a Dutch producer of hydrolyzed collagen, offers a wide range of halal-certified collagen to increasingly meet the burgeoning demand for these products.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key factors contributing to the growth of the global food certification market is the government initiatives to promote food safety in developing countries:
Global food certification market: Government initiatives to promote food safety in developing countries
With a focus on consumer food safety and public health, there is a growing need for testing food products to ensure compliance with domestic and international standards for exports. The testing of imported food products is also a necessity to check that they adhere to the required quality standards. Most developing countries such as India are facing concerns such as an inadequate number of food testing labs. In response to this, the Food Safety and Standards Authority of India (FSSAI), along with the central government, has introduced initiatives that play a crucial role in boosting the food testing systems in the country. In August 2017, FSSAI launched five key initiatives, which include Indian Food Laboratory Network (InFolNet), a digital solution for connecting all food labs in the country to a centralized Lab Management System (LMS). The LMS will serve as a central database where the results of all samples coded and tested in FSSAI-notified labs would be stored.
According to a senior analyst at Technavio for research on consumer services and personal care, “The rising number of new food and beverage product launches and outsourcing of testing and certification processes along with the growing awareness of the importance of nutrition information on labels is boosting the growth of the global food certification market.”
Global food certification market: Segmentation analysis
The global food certification market research report provides market segmentation by application (meat and poultry, seafood, dairy products, infant food, beverages, others), by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The EMEA held the largest share of the market in 2017, accounting for close to 38% share, followed by the Americas and APAC respectively. However, during the forecast period, the APAC region is expected to show the highest incremental growth.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
