The global food certification market is projected to reach value of USD 6.90 billion by 2027, according to a recent analysis by Emergen Research. Change in consumers’ consumption habits, preference for organic foods, rise in the living standards, and consumer’s requirement for quality products are some of the vital factors driving the market. Formulation of strict regulations regarding food safety has acted as a river of the market.
Food certification has been essential in resolving critical issues related to supply chain in the food sector. The certification helps in growth of the economy of a nation through imports and exports.
The global food certification market is expected to remain in a competitive and highly fragmented landscape during the forecast period, consisting of a large number of small start-ups, medium enterprises, and large conglomerates. During the forecast period, increasing demand for technological advancements and high diversification in offered products are likely to offer high growth potential to new market players.
The report takes a closer look at the historical and current market scenarios to accurately predict the global Food Certification market outlook over the forecast duration (2021-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Food Certification market.
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Competitive Outlook:
The global Food Certification market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Food Certification market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
- Lloyd’s Register, DEKRA, Intertek, International Certification Ltd, Asure Quality, Bureau Veritas, DNV, Eurofins, TQ Cert, and TUV SUD.
For this report, Emergen Research has segmented the global food certification market based on application, type, risk, and region:
Application Outlook (Revenue: USD Billion; 2017–2027)
- Processed Meat & Poultry
- Organic Food
- Dairy Products
- Seafood
- Beverages
- Infant Foods
- Others
Type Outlook (Revenue: USD Billion; 2017–2027)
- ISO 22000
- Halal
- Kosher
- SQF
- FSSAI
- BRC
- Others
Risk Outlook (Revenue: USD Billion; 2017–2027)
- High Risk
- Low Risk
Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Food Certification market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Food Certification in the near future?
- What is the regulatory framework governing the application of Food Certification in the food industry?
- Which manufacturing processes are utilized for the production of Food Certification?
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