Food Certification Market - Forecast (2021 - 2026)
According to the World Health Organization’s (WHO) assessment on foodborne illnesses, one in every ten children fall ill or die due to consumption of contaminated food.[1] The burden of making food safer and cleaner to purchase, and eat, falls on the shoulders of the food and beverage (F&B) industry that is now highly reliant on food certification from regulatory authorities for establishing trust in consumers. With rising disposable personal income (DPI) among the urban population, families in metropolitan cities are dependent on packaged foods available at hypermarkets, convenience stores, and supermarkets. Increase in awareness of health problems has inspired consumers to carefully read product labels in order to know whether products have been properly certified or not. This has boosted the global food certification market to a market size of $8 billion in 2018. During the forecast period 2019-2025, the food certification market has been estimated to grow at a CAGR of 6.5%. Re...