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

Buy Now

Request Sample

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

Transparency Market Research State Tower, 90, State Street, Suite 700.

Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com

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.

Interpret a Competitive outlook Analysis Report with free PDF Brochure:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6331 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

Transparency Market Research

2

Food Certification Market

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)

Transparency Market Research

3

Food Certification Market

•

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

Transparency Market Research

4

Food Certification Market

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)

Transparency Market Research

5

Food Certification Market

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

Transparency Market Research

6

Food Certification Market

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

Transparency Market Research

7

Food Certification Market

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 TĂœV SĂœD 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

Transparency Market Research

8

Food Certification Market

business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact

Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/

Transparency Market Research

9