In 2017, the global food testing and certification market is estimated to be valued at nearly US$ 8,500 Mn, which is estimated to register a CAGR of 6.6% over the forecast period (2017-2027) to reach nearly US$ 16,050 Mn by the end of 2027.
Stringent food regulatory norms are being imposed to curb the incidence of food borne illnesses in Western Europe
Food safety is deemed to be prioritised by the food regulatory bodies in Europe. With rising incidences of food borne diseases, government is stressing its ‘farm-to-table’ approach so that consumers can make informed choices about the food products they buy. Hence stringent food safety norms are expected to support the food testing and certification market during the forecast period.
Increase in public private partnership to strengthen the food security approach in Western Europe and benefit the food testing and certification market
Food safety involves public health. Hence, involvement of government and regulatory bodies plays a major role in this market. In order to prevent food borne illnesses, fraud certification cases and to increase food safety, regulatory bodies are collaborating with private certification agencies to boost food safety. Initiatives such as Global Food Safety are being carried out with HACCP and these initiatives are gaining traction.
Social, ethical and technological preferences are supporting the food testing and certification market growth