Food Certification Market: Worldwide Industry Analysis, Size | Trends, Forecast 2015 - 2021

The global food certification market is expected to reach US$16.0 bn by the end of 2021. It is projected to expand at a CAGR of 5.30% within a forecast period from 2015 to 2021 and was recorded at a value of US$11.20 bn in 2014, according to a research report released by Transparency Market Research. The report, titled "Food Certification Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021," provides a segmented analysis for users to gain a clear and concise view of this market in terms of growth and investment opportunities and challenges that could hamper the growth of the market.

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Food certification is not restricted to finished products – it can also apply to any stage within the manufacturing process. This includes certification requirements from early stages in production down to food sales. This ensures the use of ingredients and chemicals that are allowed by government agencies. Failure to be certified with the necessary food certification could result in the curtailment of the sale of the food product. Even at a sales level, the absence of certain certificates could be used by consumers to avoid these products. On the other hand, the presence of valid certification allows products to hold a positive image in the consumers’ minds, thereby increasing its sales. Therefore, the food and beverage industry needs to maintain its pace with the given certification standards in order to retain and improve its level of sales.

The primary driver of the global food certification market is the increasing awareness among consumers about various certifications and the quality standards they hold. Consumers all over the world are becoming more aware of the various foodborne illnesses that can spread through the use of contaminated or degraded food. This has caused government agencies to increase the safety standards incorporated into food certifications.

Another major factor that is promoting the global food certification market is the increasing disposable income of consumers. As a greater number of consumers are moving towards higher quality of foods, manufacturers are reaching for higher certifications in order to attract more consumers.

The global food certification market has been segmented in the report for the purpose of enhancing the descriptive elements of each segment. Based on certification type, the market is segmented into International Organization for Standardization, International Food Standard, Safe Quality Food, British Retail Consortium standard, Kosher Certification, Halal Certification, Food Safety and Standards Authority of India, China Food and Drug Administration, U.S. Department of Agriculture, U.S. Food and Drug Administration, European Food Safety Authority, and Ministry of Food and Drug Safety.

In terms of applications, the global food certification market is segmented into processed meat and poultry products, dairy products, infant food products, organic food, beverages, and other packaged foods.

In terms of geography, the North America food certification market was dominated by the U.S. in 2014, owing to the high awareness about foodborne illnesses and protests against the use of restricted food chemicals. Germany led the Europe food certification market in the same year, followed by the U.K. In the Asia Pacific region, the food certification market was led by China, followed by India, owing to the increasing disposable incomes of consumers.

The key players in the global food certification market are DNV GL Group AS, TÜV SÜD AG, ALS Ltd. Lloyd's Register Group Ltd., Underwriters Laboratories Inc., Intertek Group plc., SGS SA, AsureQuality Limited, Dekra SE, and Bureau Veritas.

Key segments of the Global Food Certification Market

Global Food Certification Market, by Type:

• International Organization for Standardization

• International Food Standard

• Safe Quality Food

• British Retail Consortium standard

• Kosher Certification, Halal Certification

• Food Safety and Standards Authority of India

• China Food and Drug Administration

• S. Department of Agriculture

• S. Food and Drug Administration

• European Food Safety Authority

• Ministry of Food and Drug Safety

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