IFS Food Certification Market Insights Video

According to Cognitive Market Research, the global IFS Food Certification market size was USD 6124.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 2449.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1837.35 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1408.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 306.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 122.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
• The fastest-growing category in the IFS Food Certification Market is Functional Food. This segment is rapidly gaining traction as consumers increasingly seek foods that offer health benefits beyond basic nutrition