Food Certification Market is expected to reach USD 16.09 billion by 2021: Transparency Market Research

by | Sep 23, 2015 | Globe Newswire

Albany – New York, Sept. 23, 2015 (GLOBE NEWSWIRE) — Transparency Market Research has published a new market report titled – Food Certification Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2021. According to the report, the global food certification market was valued at USD 11.25 billion in 2014 and is anticipated to reach USD 16.09 billion by 2021, expanding at a CAGR of 5.3% from 2015 to 2021. Europe dominated the global food certification market in 2014 and is expected to maintain its leading position over the forecast period. Rising awareness and growing consumer concern for protection from unwanted hazards occurring at every stage of the food chain from primary production to final consumption is stimulating the market for food certification at a global level.

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Factors such as growing consumer demand for safe food products along with the liberalization of food trade and an expanding world economy are expected to fuel demand for the food certification market globally. Furthermore, development in food technology and transportation coupled with increasing trade of fresh and processed food products is contributing to the growing popularity of certified food products in order to ensure protection from unnecessary health issues.

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Food quality and safety is one of the major global concerns. Effective food control systems are essential to protect safety and health of consumers. Furthermore, food control systems are important for ensuring the quality and standard of food products entering international trade and also to ascertain the quality of imported food for domestic requirements. Consumers are showing interest and paying more attention to the methods food products are produced, processed, packaged, and marketed. Moreover, due to consumer pressure, governments are paying more attention to the regulations to ensure food quality, safety, and consumer protection.

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Growing consumer anxiety regarding the processing and marketing of food, which does not provide adequate safeguards for consumer health, is driving the demand for food certification globally. Factors that contribute to food hazards are poor hygiene at all stages of the food chain, improper agricultural practices, misuse of chemicals, and improper and inadequate storage. Growing consumer consciousness regarding food safety and preventing unwanted health issues is fueling demand for food certification across different regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW). Food product manufacturers are focusing on protecting food quality. Currently, food safety is one of the major concerns for manufacturers. Hence, certification is a major part of the food and beverages industry. Consumers are ready to pay extra, but they are not ready to compromise on the food quality. Increasing number of foodborne diseases and rising incidence of food contamination is boosting demand for the food certification market globally.

Other Reports Published by Transparency Market Research:

Dekra SE, Bureau Veritas, AsureQuality Limited, Underwriters Laboratories Inc, SGS SA, Intertek Group plc, Lloyd’s Register Group Limited, TÜV SÜD AG, DNV GL Group AS, and ALS Limited are some of the major players operating in the food certification market globally.

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The Global food certification market has been segmented as follows:

Global Food Certification Market by Type

  • ISO 22000
  • International Food Standard
  • Safe Quality Food certification
  • The British Retail Consortium (BRC)
  • Kosher certification
  • Halal Certification
  • Food Safety and Standards Authority of India
  • The China Food and Drug Administration (CFDA)
  • The United States Department of Agriculture (USDA)
  • The Food and Drug Administration (FDA)
  • The European Food Safety Authority (EFSA)
  • The Ministry of Food and Drug Safety (MFDS)
  • Others

Global Food Certification Market by Application Type

  • Processed meat and poultry products
  • Dairy products
  • Infant food products
  • Organic food
  • Others Packaged Food
  • Beverages

Global Food Certification Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • U.K
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • India
  • China
  • Japan
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Latin America
  • Middle East
  • Africa

Browse All Other Food & Beverages Research Reports: http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html

About Us:

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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