Demand for food safety and hygiene compliance in developing economies is constantly rising

Publisher: The Insight Partners

The global food safety and hygiene compliance market is accounted to US$ 9.1 Bn in 2018 and is expected to grow at a CAGR of 6.0% during the forecast period 2019 - 2027, to account to US$ 15.3 Bn by 2027.

The food safety and hygiene compliance market is experiencing high growth in the forecast period. Food safety and hygiene compliance is becoming a vital part of the food industry in developed as well developing regions. For instance, all the Victorian businesses and organizations which are involved in making, display, transportation or preparing food for the sale needs to mandate registration with the local Council or Dairy Food Safety Victoria or PrimeSafe. Apart from certain exemptions, each business also complies with the Victorian food laws such as having food safety supervisor or having a food safety program. These laws help in maintaining food safety and hygiene level to prevent critical disease. The food safety and hygiene compliance market is mainly driven by the factors such as stringent government food safety regulations and global surge in incidences of food contamination and foodborne illness. In this respect, expanding role of social media in food safety and emergence of nanotechnology & smart packaging materials in food industry are expected to deliver substantial growth opportunities to the industry players in coming future.

The food safety and hygiene compliance market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Europe is expected to be the fastest growing region in global food safety and hygiene compliance market. Whereas, North America followed by Europe and APAC holds highest market share in the food safety and hygiene compliance market. Food safety and hygiene compliance market is expected to experience significant growth in the coming years to meet the customers vast demand related to safety of food. 

The demand for food safety and hygiene compliance in developing economies is constantly rising to ensure proper food safety. In North America, which is a highest contributor in the food safety and hygiene compliance market. The U.S. focuses on strengthening its regulatory approaches for food safety. The FDA (Food and Drug Administration) Food Safety Modernization Act (FSMA) enables the U.S. FDA to protect and safeguard individuals’ health by executing requirements which help to ensure security and safety of food supply. The U.S. and Mexico food safety systems continuously develop aim to protect public health by following food safety standards. Mexico is one of a major exporter of the food products to the US. It supplies fresh produce food products to US consumers. Such growing food & beverage industry needs to comply with the food safety standards to ensure quality and hygiene of food products for the welfare of the mass population. For instance, in 2016 after getting petitions from the citizens, the FDA has requested to use “natural" term during food labeling. Whereas, In European region, which is anticipated to be fastest growing region during the forecast period faces different and new regulations to ensure adequate food safety compliance. The ACP (Africa, Caribbean, and Pacific) countries, has signed a trading agreement with the EU, which makes European countries to establish effective control systems for the food and feed business operators under new food hygiene legislation. Moreover, 30% of the total European beverages are exported to the non-EU nations, and 28% of cereal/cereal-based products are French. Europe is a largest exporter of food & beverages throughout the globe. As per the EU, the food business operators are accountable for confirming food safety. Approximately 82Mn consumers contributes towards retail and food & beverage industry to make it one of the largest market in Europe.

The major players operating in the market for food safety and hygiene compliance market include AsureQuality Limited, Dicentra, Eurofins Scientific SE, Intertek Group plc, Mérieux NutriSciences, Microbac Laboratories Inc., Neogen Corporation, PathSensors, rfxcel CORP., and SafetyChain Software, Inc.among others.