Vietnam Food Certification Market to Grow with a CAGR of 5.65% through 2029
Increasing Consumer Awareness and Demand for Safe Food and Globalization
of Food Supply Chains are expected to drive the Vietnam Food Certification
Market growth in the forecast period, 2025-2029
According to TechSci Research report, “Vietnam Food
Certification Market – By Region, Competition Forecast & Opportunities, 2029F”,
Vietnam Food Certification Market stood at USD 13.98 million in 2023 and is
anticipated to grow with a CAGR of 5.65% through 2029.
Vietnam's food industry is increasingly intertwined
with global supply chains, as food products are exported to international
markets. To penetrate these markets, food producers and exporters must adhere
to the regulatory standards of destination countries. Certification to
internationally recognized standards like ISO 22000, HACCP, and Global GAP is
commonly required, driving the uptake of food certification in Vietnam.
Government regulations, spearheaded by agencies such as the Ministry of Health
(MOH) and the Ministry of Agriculture and Rural Development (MARD), are pivotal
in propelling the growth of the food certification market. These regulations
mandate adherence to food safety, quality, and hygiene standards, compelling
businesses to obtain certification for compliance, thus boosting demand for
certification services.
Vietnam's economic vitality hinges significantly on
exports, including agricultural and food products. To maintain competitiveness
in global markets, food exporters must ensure their products meet the quality
and safety standards of importing nations. Certification offers assurance to
international buyers that Vietnamese food products meet these stringent
standards, facilitating market access and fueling export expansion. Moreover,
certification confers a competitive edge for food businesses by bolstering their
reputation, credibility, and market appeal. Certified products are perceived as
safer, higher quality, and more reliable by consumers, driving increased sales
and market penetration. As part of their strategic positioning, food businesses
often pursue certification to distinguish themselves from competitors and
foster brand loyalty in the market.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Vietnam Food Certification Market”
The Vietnam Food Certification Market is segmented
into type, application, regional distribution, and company.
Based on application, Dairy product segment dominate
the Vietnam Food Certification Market this is due to reason that, In recent
years, Vietnam's dairy industry has experienced remarkable growth, marked by
escalating exports of dairy products to global markets. To tap into these
lucrative export opportunities, dairy enterprises must adhere to the stringent
regulatory standards of importing nations. Certification to internationally
recognized standards such as ISO 22000, HACCP, and Global GAP is often a
prerequisite for market entry, providing foreign buyers with assurance
regarding the safety, quality, and compliance of Vietnamese dairy products.
Consequently, certification plays a pivotal role in facilitating access to
export markets and bolstering the dominance of the Dairy Products segment
within the Vietnam Food Certification Market.
Certification serves as a potent tool for elevating
the reputation and competitive standing of dairy brands. Certified dairy
products are perceived as safer, superior in quality, and more reputable by
consumers, leading to heightened trust, loyalty, and brand preference. Dairy
enterprises that invest in certification can set themselves apart from
competitors, gain a competitive edge, and command premium prices in the
marketplace. Consequently, certification emerges as a strategic imperative for
dairy businesses aiming to fortify their brand reputation and market
competitiveness, thereby further solidifying the dominance of the Dairy
Products segment within the Vietnam Food Certification Market.
Major companies operating in Vietnam Food
Certification Market are:
- ALS Limited
- AsureQuality
- Bureau Veritas
- Dekra
- DNV GL
- Intertek Group PLC
- Lloyd's Register
- SGS Société Générale de Surveillance
SA
Download Free Sample Report
Customers can also request for 10% free customization
on this report
“Vietnam Food Certification Market is experiencing
significant growth driven by increasing consumer awareness, stringent
regulatory requirements, and a growing emphasis on safety and quality
assurance. Certification plays a pivotal role in ensuring compliance with
international standards, facilitating market access, enhancing brand
reputation, and driving consumer trust and loyalty. As Vietnam's food industry
continues to expand and evolve, certification will remain a critical
determinant of success, fostering a culture of excellence and accountability
across the food supply chain.,” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based management consulting firm.
“Vietnam Food Certification Market, By Type
(ISO 22000, SQF, BRC, IFS, USDA Organic, Halal, Kosher and Others), By
Applications (Processed Meat & Poultry, Organic Food, Infant Food, Dairy
Products, Beverages, Seafood and Others), By Region, Competition Forecast &
Opportunities, 2019-2029F”, has evaluated
the future growth potential of Vietnam Food Certification Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Vietnam Food Certification Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com