The information about the leading organizations and the key winning strategies adopted by them assist the entry-level market players and potential stakeholders in formulating strategic business moves to set a strong foothold in the market.
The Global Food Certification Market is projected to grow at a CAGR of 5.5% during the forecast period, 2017-2025. The report, titled "Global Food Certification Market- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025", presents a comprehensive overview of the top impacting factors and market trends in the global food certification industry.
Vital statistics, tables, and figures included in the report add credibility to the information provided.
The rise in the number of food-borne diseases has led to a rise in demand for food certification. The rapid growth in the cases of food contamination observed across the globe have compelled manufacturers to get quality certifications for their food products and ensure that their offerings meet the prescribed standards.
Food certification involves third-party verification which certifies that the complete supply chain, including the process, products, and the manufacturing facility, adheres to the food safety standards.
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Drivers & Restraints:
The food certification industry report presents in-depth information about the drivers and restraints of the. The busy and modern lifestyle, owing to the rapid urbanization, has led to a shift in the preferences of consumers towards convenience and packaged food materials.
The rise in the consumption of ready-to-eat packaged food products has fueled the need for strict quality checks. Regulatory bodies and the governmental authorities impose stringent regulations on food products to ensure the distribution of products that comply with the safety standards, thus driving the growth of the food certification industry.
Moreover, the growing health concerns among the consumers and a rise in food adulteration practices have fueled the need for food certification. Owing to the growth in awareness regarding the quality standards and certifications, it is mandatory for manufacturers and suppliers to comply with the prescribed standards, thus propelling the growth of the food certification market.
However, the lack of resources and necessary infrastructure in the developing countries is anticipated to hinder the growth of the market.
Food Certification Market Key Segments:
The food certification market is analyzed based on the type, application, and the geography. By type, the market is further bifurcated into International Safe Quality Food (SQF), International Food Standard (IFS), U.S.
Department of Agriculture (USDA), British Retail Consortium (BRC), U.S. Food and Drug Administration (FDA), Kosher Certification, International Organization for Standardization (ISO 22000), Food Safety and Standards Authority of India (FSSAI), Halal Certification, and others including International Seed Testing Association (ISTA), Hygiene Modified Approval Scheme, and American Heart Association (AHA).
Based on the application, the sub-segments analyzed include beverages, processed meat, infant food, dairy products, bakery & confectionery, seafood, organic food, and others such as functional and convenience food products. The food certification industry survey analyzes the potential of the food certification market across the regions of Europe, Asia-Pacific, North America, and LAMEA.
Food certification market share analysis is provided for each of the aforesaid segments.
The leading players profiled in the report, contributing to the growth of the food certification market size include Lloyd's Register Group Limited, TUV SUD AG, ALS Limited, Asurequality Ltd., Intertek Group plc., Dekra SE, SGS SA, UL LLC., DNV GL, and Bureau Veritas. Mergers, acquisitions, and partnerships between the key players propel the growth of the market.
The information included in the report, such as the company overview, financials, and business segments, and the recent developments made by them in the food certification market, enable the new entrants and market players to make informed decisions and capitalize on the most lucrative investment options.
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Key Benefits of the Report:
Quantitative and qualitative analysis of the food certification market included in the report identifies the prevailing opportunities in terms of growth and profitability and highlights the market trends. The food certification market forecast is based on the analysis of the current market trends and future market potential for the period 2014-2025.
Competitive intelligence assists in gauging the competitive scenario of the food certification market across the geographies. Porter's Five Forces Model analyzes the five major factors that influence the competition within the industry and determines the attractiveness of the market.
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