IFS Food Certification Market Size, Share, Growth and Industry Analysis by Type (Food, And, Beverages) By Application (Individual Products, Production Facilities, And, Retail Premises), Regional Insights and Forecast To 2032

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IFS FOOD CERTIFICATION MARKETREPORT OVERVIEW

global IFS food certification market size was valued at approximately USD 0.3 billion in 2023 and is expected to reach USD 0.5 billion by 2032, growing at CAGR of about 6.00% during the forecast period.

IFS food certification is a globally recognized standard for food safety and quality management. It ensures that food products meet stringent safety and quality requirements, offering consumers confidence in the products they purchase. IFS Food certification covers various aspects, including production processes, hygiene, traceability, and labeling. This certification helps food manufacturers and suppliers establish robust control measures, thus reducing the risk of contamination, foodborne illnesses, and ensuring compliance with regulatory standards

Companies that achieve IFS Food certification demonstrate a commitment to delivering safe, high-quality products, enhancing their market reputation, and facilitating international trade by adhering to globally accepted standards for food safety and quality. All of these factors are driving the IFS food certification market share.

COVID-19 IMPACT

"Delays in Certification Audits During Pandemic Decreased Market Growth"

The global COVID-19 pandemic has been unprecedented and staggering, with the IFS food certification market experiencing higher-than-anticipated/lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic significantly impacted IFS food certification processes. Lockdowns, travel restrictions, and social distancing measures posed challenges for auditors and inspections. Many food companies faced delays in certification audits, and some struggled to maintain certification standards due to disrupted supply chains.

However, the pandemic also underscored the importance of food safety and quality, prompting companies to adapt and strengthen their food safety measures. Remote audits and digital solutions emerged to mitigate disruptions. Ultimately, COVID-19 reinforced the critical role of IFS Food certification in ensuring food safety and quality, encouraging greater resilience and innovation within the food industry to meet these certification requirements. This was the impact of the pandemic on the market.

LATEST TRENDS

"Integration of Digital Technology for Enhanced Traceability to Fuel Market Growth"

Innovations in IFS food certification have brought about significant improvements in recent years. These advancements include the integration of digital technologies such as blockchain for enhanced traceability, AI-driven analytics for risk assessment, and real-time monitoring systems to ensure continuous compliance. Remote audits and virtual inspections have become more common, reducing travel costs and environmental impact.

Additionally, the adoption of data-driven approaches allows for more proactive identification of potential issues, ensuring the safety and quality of food products. These innovations not only streamline the certification process but also make it more robust, agile, and adaptable to the evolving challenges and expectations within the food industry.

IFS FOOD CERTIFICATION MARKETSEGMENTATION

By Type

The market can be divided on the basis of type into the following segments:

Food and beverages.

The food segment is anticipated to dominate the market during the forecast period.

By Application

Classification based on application into the following segment:

Individual products, production facilities, and, retail premises.

The individual product segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Growing Consumer Awareness About Food Safety and Concerns to Accelerate Market Growth"

The driving factors behind IFS Food certifications encompass a combination of consumer demand, regulatory requirements, and industry trends. Firstly, heightened consumer awareness and concerns about food safety and quality have pushed companies to seek IFS certification to build trust and demonstrate their commitment to delivering safe products. Secondly, regulatory bodies across the globe have implemented stricter food safety standards, making IFS certification a prerequisite for international trade.

Additionally, retailers and large food chains often mandate IFS certification for their suppliers, further propelling its adoption. Lastly, industry trends, including the growing use of technology, data analytics, and supply chain transparency, are driving companies to align with IFS standards to remain competitive and responsive to evolving market demands. All of the above-mentioned factors are playing an important role in accelerating IFS food certification market Growth.

"Safeguards Provided by IFS Certification against Potential Food Safety Incidents to Propel Market Growth "

Beyond consumer demand and regulatory requirements, other driving factors in IFS Food certifications include the need for operational efficiency and risk mitigation. Companies see IFS certification as a means to optimize their production processes, reduce waste, and enhance resource utilization, ultimately improving their bottom line.

Moreover, it acts as a safeguard against potential food safety incidents, product recalls, and reputation damage, reducing financial and legal risks. Additionally, sustainability concerns are becoming increasingly important, with IFS standards incorporating environmental and social responsibility criteria. This, in turn, motivates businesses to align with IFS certifications, as it's seen as a pathway to demonstrate a commitment to sustainability, fostering consumer trust and brand loyalty.

RESTRAINING FACTOR

"Requirement of Substantial Financial Development to Bring Down Market Growth"

Restraining factors in IFS food certifications include the associated costs and resource-intensive nature of compliance. The certification process demands substantial financial investment, from audit fees to infrastructure upgrades and staff training, which can be burdensome for smaller businesses. Furthermore, maintaining IFS standards requires ongoing commitment, making it challenging for companies with limited resources.

Additionally, the bureaucratic complexity of the certification process and the time required for audits can create hurdles. Some businesses may also encounter resistance to change from traditional methods. Lastly, global variations in regulatory requirements can complicate compliance efforts for companies engaged in international trade, adding to the challenges of achieving and maintaining IFS Food certifications.

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IFS FOOD CERTIFICATION MARKET REGIONAL INSIGHTS

"Europe to Dominate Market Due to Stringent Food Safety "

Europe stands as the leading region in IFS Food certifications. The IFS certification scheme, initially established in Germany, has gained widespread acceptance and recognition across European countries. European companies prioritize stringent food safety and quality standards, aligning with the IFS framework to demonstrate their commitment to these principles.

Additionally, European retailers and large food chains often require IFS certification from their suppliers, further boosting its prevalence in the region. The European Food Safety Authority (EFSA) and EU regulatory requirements also promote the adoption of IFS standards. With a strong focus on food safety and quality, Europe continues to set the benchmark for IFS Food certifications globally.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Top Ifs Food Certification Companies

• SGS (Switzerland)
• Eurofins Scientific (Luxembourg)
• ALS (U.S.)
• DEKRA (Netherlands)
• Intertek Group (U.K.)

REPORT COVERAGE

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. A list of the key industry players has also been mentioned in the report in order to give an idea of the competition present in the market.