16th March 2021 Product update: new protein staff writer
FoodChain ID Introduces Vegetarian, Plant Based, and Vegan Certification
FoodChain ID has created a Vegetarian, Plant-based, and Vegan (VEG) certification program.
“Consumers are increasingly turning to a full range of plant-based and meatless products, especially as alternative protein sources,” said Mark Dabroski, FoodChain’s senior vice president, commercial services. “This newly established certification is in response to customer demand for a labeling solution that provides greater product transparency.”
The global vegan food market value is estimated to reach around USD 24.3 billion by 2026 and will grow at a 9%+ CAGR over the forecast time frame.* (Article Update: 13 Oct 2023 - According to the latest research, the worldwide market for vegan food is projected to exceed $22 billion in value by 2025.) Market demand is further supported by fast-food restaurants in the U.S. serving “meatless” burgers and retailers featuring those and similar products in ads.
The FoodChain ID VEG Program enables food manufacturers to:
- Increase transparency
- Add value to their brands
- Meet consumer and retailer demand
Dabroski notes that “Our VEG certification can be bundled with existing Non-GMO Project Verification and/or USDA Organic Certification for greater efficiency and cost savings for clients using multiple certifications.”
For more about the certification, click here or use the 'Request Information' button provided below.
*Source – Acument Research and Consulting 2019 study.
Date Published: 16th March 2021
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Note: This content has been edited by a newprotein.net staff writer for style and content.