The Food certification market is estimated to account for a value of USD 4.7 billion in 2020 and is projected to grow at a CAGR of 5.4% from 2020, to reach a value of USD 6.2 billion by 2025. The food certification market growth has been gaining pace as it avoids nutritional risks and an increase in the need for the adoption of food safety standards to reduce the number of deaths and illnesses caused by foodborne diseases. The stringent regulations imposed by the government for food certifications draws the attention of key players in the market to develop new and effective food certification standards.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=82063283
Opportunities Growth of Halal, organic, and free-from food certifications
The increase in disposable income in Muslim-based countries, such as the Middle East, is projected to drive the adoption of halal certifications. As consumer concerns regarding meat consumption are rising, the demand for halal-certified meat products is projected to increase. The increase in demand for organic products is projected to offer high-value opportunities for the growth of the food certification market. The US, Germany, France, China, Canada, Italy, and the UK are some of the largest markets for organic food.
By application, meat, poultry & sea-food products segment is projected to dominate the Food certification market during the forecast period.
The cases of meat farus is increasing with increased demand for processed meat products. The number of malpractices or adulteration is increasing day by day across the world leading to many health issues resulting in the improved growth of meat certification. Religious concerns among consumers, especially Jewish and Muslims communities, is driving the demand for certified products which are in compliance with their beliefs, therefore the market is driven for halal and kosher certifications for meat products.
By risk category, the high-risk segment is projected to be the highest-growing segment in the Food certification market during the forecast period.
High-risk foods are often prone to bacterial contamination due to high moisture content. The population consuming such high-risk foods are in huge number, which creates a concern for food safety. Therefore, stringent regulatory standards are maintained while processing, storing, and transporting these products.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=82063283
North America is projected to grow at the highest CAGR during the forecast period.
The market for food certification in the North America region is projected to grow at the highest CAGR from 2020 to 2025. Regions like US, Canada are one of the major consumers of processed food & beverages and high-risk foods, which eventually creates more concern for food safety. Therefore, the growth in such regions is mainly due to the increase in foodborne illness among consumers and the stringent regulations imposed by the government pertinent to food safety standards.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the food certification market. It includes the profiles of leading companies like, SGS (Switzerland), DNV (Norway), Lloyd’s Register (UK), Bureau Veritas (France), Control Union Certifications (Netherlands), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD (Germany), AsureQuality (New Zealand), DEKRA (Germany), Kiwa Sverige (Sweden), ALS (Australia), NSF International (US), Aspirata (South Africa), International Certification Ltd (New Zealand), Control Union Certifications (Netherlands), Indocert (India), TQ Cert (India), Eurofins (Luxeumbourg), Socotec (France) and MS Certification Services (India).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States