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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Press Release
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...