Rising Cases of Food Contamination to Fuel Demand for Adequate Food Certification, Reports TMR

Transparency Market
Research
Food Certification Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2015 - 2021
Published Date
08-09-2015
95 Page Report
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Rising Cases of Food Contamination to Fuel Demand for Adequate Food
Certification, Reports TMR
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Food Certification Market
REPORT DESCRIPTION
Competition prevailing in the global food certification market is gradually rising, finds Transparency Market
Research (TMR) in a new report. Since certified foods are perceived safer as they pass through stringent
verification process, more consumers are opting for certified products to avoid health hazards. This trend
has compelled manufacturers to emphasize on certification, which is intensifying the competition prevalent
in the global food certification market.
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The global food certification market stood at US$11.25 bn in 2015. Exhibiting a CAGR of 5.3%, the market
is expected to reach US$16.09 bn by the end of 2023.The others packaged food segment led the global
food certification market with a share of 23.4% in 2014.
Dekra SE, Bureau Veritas, AsureQuality Limited, Underwriters Laboratories Inc, SGS SA, and Intertek Group
plc are some of the key players in the global food certification market. The majority of these companies are
focusing on mergers and acquisitions to strengthen their position in the market. Besides, this larger
companies are also investing in new laboratories and technological advancements to sustain their growth
in the market.
Changing Lifestyle and Consumption Patterns Fuel Demand for Food Certification
Demand for food certification will increase in response to the rising demand for quality and safer food
products. The increasing incidence of food contamination around the world has emerged as a major
concern for consumers. Since their lifestyle preferences have changed drastically over the years,
consumers are now demanding organic food, fresh food, poultry, and meat products. This is a primary
factor driving the global food certification market. Additionally, food certifications are of utmost importance
for food manufacturers, which is in turn fuelling demand from the global food certification market.
The market is also expected to gain impetus from the increasing prevalence of food borne diseases. The
increasing changes in consumption patterns due to hectic lifestyle and the consequent inclination towards
convenience food have proven quite lucrative for the food certification market. In Europe, the changing
lifestyle and rising aging population have been augmenting demand for food certification. The increasing
reports of food contamination are fuelling demand for food certification in Asia Pacific. The increasing food
trade across emerging economies will also fuel demand for food certification from Asia Pacific.
High Cost of International Certifications Inhibits Market Growth
Despite witnessing strong demand, the high cost of international certifications has deterred some food
manufacturers and processing units from looking at food certification as a high-value proposition. While
established companies may be willing to allocate large sums for obtaining certification logos such as
Organic or Halal, not many small companies regard this as a necessity to doing business. This is acting as
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a major hindrance for the global food certification market.Nevertheless, stringent regulations mandating
certification of food products across emerging economies will fuel growth opportunities for the market in
the forthcoming years.
Increasing brand consciousness and awareness among consumers are fuelling demand from this segment.
Regionally, Europe dominated the food certification market in 2014. The increasing health consciousness
and rising living standard have had a positive impact on the Europe food certification market. It is
expected to reach US$5.77 bn by the end of 2021.
This review is based on a report published by TMR, titled “Food Certification Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”
Key Takeaways:
•
Demand for effective food control standards to translate to 5.3% CAGR for food certification market.
•
Increasing brand consciousness to fuel demand for food certification from others packaged food
segment.
•
Europe market for food certification to reach US$5.77 bn by 2021, rising living standards to boost
growth.
The report segments the global food certification market as:
Global Food Certification Market, by Type:
•
International Organization for Standardization
•
International Food Standard (IFS)
•
Safe Quality Food (SQF)
•
British Retail Consortium (BRC) standard
•
Kosher Certification
•
Halal Certification
•
Food Safety and Standards Authority of India (FSSAI)
•
China Food and Drug Administration (CFDA)
•
U.S. Department of Agriculture (USDA)
•
U.S. Food and Drug Administration (FDA)
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•
European Food Safety Authority (EFSA)
•
Ministry of Food and Drug Safety (MFDS)
•
Others
Global Food Certification Market, by Application:
•
Processed Meat and Poultry Products
•
Dairy Products
•
Infant Food Products
•
Organic Food
•
Beverages
•
Others Packaged Food
Global Food Certification Market, by Geography:
•
North America
•
Europe
•
Asia Pacific
•
Rest of the World (RoW)
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.2.1 Global food certification market segmentation, by type and application
1.3 Research Scope
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1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Food Certification Market Snapshot
Chapter 3 Global Food Certification Market Overview
3.1 Introduction
3.1.1 Specific concerns about food hazards
3.1.2 Food supply chain
3.1.3 Management system of food safety
3.1.4 List of food contamination incidents
3.2 Key Trend Analysis
3.3 Regional Market Drivers
3.3.1 North America
3.3.2 Europe
3.3.3 Asia Pacific
3.3.4 Rest of the World (RoW)
Chapter 4 Global Food Certification Market Revenue, by Type, 2014 – 2021
4.1 Overview
4.2 International Organization for Standardization (ISO 22000)
4.2.1 Advantages of ISO 22000 Certificates
4.2.2 Process of Obtaining ISO 22000 Certification
4.3 International Food Standard (IFS)
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4.3.1 Benefits of International Food Standard Certification
4.4 Safe Quality Food (SQF)
4.5 British Retail Consortium (BRC) standard
4.5.1 Benefits of BRC Certification
4.6 Kosher Certification
4.6.1 Process of Kosher Certification
4.7 Halal Certification
4.7.1 Guidelines for halal foods
4.8 Food Safety and Standards Authority of India (FSSAI)
4.9 China Food and Drug Administration (CFDA)
4.10 U.S. Department of Agriculture (USDA)
4.11 U.S. Food and Drug Administration (FDA)
4.12 European Food Safety Authority (EFSA)
4.13 Ministry of Food and Drug Safety (MFDS)
4.14 Others
Chapter 5 Global Food Certification Market Revenue, By Application, 2014-2021
5.1 Overview
5.1.1 Revenue, 2014-2021 (In USD Billion)
5.1.2 Market Share, 2014 Vs 2021 (%)
5.2 Processed Meat and Poultry Products
5.3 Dairy Products
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5.4 Infant Food Products
5.5 Organic Food
5.6 Beverages
5.7 Others Packaged Food
Chapter 6 Global Food Certification Market - Regional Analysis
6.1 Market Overview
6.1.1 Revenue, 2014-2021 (In USD Billion)
6.1.2 Market Share, 2014 Vs 2021 (%)
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 U.K.
6.3.2 Germany
6.3.3 France
6.3.4 Rest of Europe
6.4 Asia Pacific
6.4.1 China
6.4.2 India
6.4.3 Japan
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6.4.4 Rest of Asia Pacific
6.5 Rest of the World (RoW)
6.5.1 Latin America
6.5.2 Middle East
6.5.3 Africa
Chapter 7 Company Profiles
7.1 Dekra SE
7.2 Bureau Veritas
7.3 AsureQuality Limited
7.4 Underwriters Laboratories Inc
7.5 SGS SA
7.6 Intertek Group plc
7.7 Lloyd's Register Group Limited
7.8 TÜV SÜD AG
7.9 DNV GL Group AS
7.10 ALS Limited
About Us
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our
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Food Certification Market
business offerings represent the latest and the most reliable information indispensable for businesses to
sustain a competitive edge.
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The global food certification market stood at US$11.25 bn in 2015. Exhibiting a CAGR of 5.3%, the market is expected to reach US$16.09 bn by the end of 2023.The others packaged food segment led the global food certification market with a share of 23.4% in 2014. Interpret a Competitive outlook Analysis Report with free PDF Brochure:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6331