Published on : May 25, 2016
Food quality and safety is a matter of concern for not just the food regulatory bodies but also for the consumers across the globe. Effective food control systems are important to protect the health of consumers. Moreover, food control systems ensure quality and standard supply of food products, especially those food items that are being imported for domestic requirements.
According to a latest report published by Transparency Market Research, the global food certification market is driven by rising concerns over food hazards, and is predicted to expand at a CAGR of 5.30% from 2015 to 2021. The global food certification market was valued at US$11.2 bn in 2014 and is anticipated to reach US$ 16.0 bn by 2021.
Rising Occurrence of Foodborne Diseases Augments the Food Certification Market
The global food certification market is driven by rising health risks on consuming contaminated food products. There are various issues pertaining to genetically modified organisms (GMO) as well as genetically modified food products that are boosting the global food certification market. There has been an increase in the rate of foodborne diseases, which makes it even more essential to have a regulatory body certify the food products, deeming it safe. Consumers prefer to opt for certified food products, to avoid unwanted health issues. Such factors are expected to popularize food certification and propel the market.
Germany Dominates Food Certification Market
While the U.S. led the food certification market in North America, Germany led the market in Europe. Increasing health consciousness among consumers regarding side effects of contaminated food is driving the market in these regions. China led the food certification market in the Asia Pacific, followed by India. The rise in the income and standard of living in India and China is behind the growth of the market in the region.