World Food Certification Market Examined in New M&M Research Report Now Available at MarketPublishers.com02 Jun 2015 • by Natalie Aster
LONDON – Food certification plays a key part in building trust with the participants in the food industry and boosting food trade worldwide. These factors are significantly contributing to the growth of the food industry. However, imbalanced supply and demand and absence of market information and transparency could hinder the sector’s growth. The world’s food certification market will likely record 5.2% CAGR to be worth USD 14.5 billion in 2019.
Europe grabs the biggest portion of the total market; meantime, the North America region is anticipated to gather momentum in the offing exhibiting just over 6% CAGR through to 2019. Globally, developed nations are the dominant certified food product markets capturing over 95% of sales; nevertheless, there is a rapid surge in sales in some other countries like Argentina, Brazil and China.
The expansion of food certification across the world is heavily reliant on the performance of dominant players. The rise of end-user applications is propelling the market’s development. The food and drinks industry will likely see rapid growth owing to the stringent hygiene criteria mandatory for quality food. SGS SA, Intertek Group PLC, TUV SUD AG, Bureau Veritas and Dekra SE are taking the lead in the worldwide market for food certification.
New report “Food Certification Market by Type (ISO 22000, SQF, BRC, IFS, USDA Organic, Halal, Kosher), Application (Processed Meat & Poultry, Organic Food, Infant Food, Dairy Products, Beverages, Seafood) & by Region - Global Trends & Forecast to 2019” prepared by MarketsandMarkets (M&M) analyses the global food certification sector. It characteries and segments the sector based on application, type, and region; presenting detailed analyses and forecasts of the market size by value as well as trends for each segment. The report limelights the market drivers and restraints alongside investigating opportunities, trends, winning imperatives, and key challenges. Profiles of the most prominent market players including information on their strategies, expansions & acquisitions, etc. are included.
Food Certification Market by Type (ISO 22000, SQF, BRC, IFS, USDA Organic, Halal, Kosher), Application (Processed Meat & Poultry, Organic Food, Infant Food, Dairy Products, Beverages, Seafood) & by Region - Global Trends & Forecast to 2019
Date: May, 2015
Price: US$ 4,650.00
More studies by the publisher can be found at M&M page.