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]