In 2018, the global market for food safety and hygiene compliance was valued at approximately US$ 9.1 billion, with projections indicating a growth rate of 6.0% CAGR from 2019 to 2027, ultimately reaching around US$ 15.3 billion by 2027.
The food safety and hygiene compliance sector is witnessing consistent growth during the forecast period, driven by rising food demand and the looming threat of serious health issues, such as foodborne diseases. This situation has intensified the need for stringent adherence to food safety regulations. As globalization continues to influence food production and supply chains, food manufacturers face increasing pressure to guarantee the quality and safety of their products in accordance with international food safety standards. Furthermore, advancements in technology have fostered a highly competitive landscape. Developed nations, characterized by modern technological capabilities, improved living standards, and robust infrastructure, are key contributors to the economic dynamics of this sector. The interplay of these elements is expected to significantly enhance the food safety and hygiene compliance market.
A prominent trend anticipated to shape the food safety and hygiene compliance market in the near future is the ongoing evolution of safety and packaging technologies. The continuous rise in global population, coupled with increased disposable incomes and a growing workforce, is driving demand for more packaged and convenient food options. This shift is likely to escalate the necessity for effective food safety measures, thereby propelling the growth of hygiene compliance sectors. Additionally, numerous companies are exploring the development of nanomaterials, which promise to enhance food taste, provide health benefits, and improve safety. Consequently, the integration of nanotechnology and innovative packaging solutions in the food industry is expected to stimulate demand for food safety and hygiene compliance, as stakeholders seek to understand the implications of these technologies for safety purposes. These trends are projected to gain momentum in the coming years, significantly influencing the food safety and hygiene compliance market.
The food safety and hygiene compliance market can be categorized by solution into hardware, software, and services. Currently, the services segment commands the largest market share, while software is anticipated to be the fastest-growing category. Services offered by food operators and production businesses encompass a range of activities, including auditing, training, testing, validation, and consulting. Within consulting services, health and safety experts collaborate closely with companies to ensure compliance with evolving federal regulations. Installation and maintenance services include auditing, inspection/testing, compliance, and certification services. To ensure the ongoing functionality of systems and software, managed services are also employed.
The overall size of the food safety and hygiene compliance market has been determined through a combination of primary and secondary research methods. The research process initiates with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative insights related to the food safety and hygiene compliance market. Additionally, numerous primary interviews are conducted with industry participants and commentators to validate the data and analysis. Typical participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the food safety and hygiene compliance sector.