Global Food Certification Market was Valued at $10.7 Billion in 2013

Date: 2015-08-31

“Food certification plays a crucial role in building trust and credibility with the food industry’s stakeholders and enhancing food trade across regions. These factors are critical to the food industry’s growth potential. The global food certification market was valued at $10.7 billion in 2013, which is projected to grow at a CAGR of 5.2% from 2014 to 2019.

Europe holds the major share of the global food certification market. North America is projected to grow at the highest CAGR of 6.1% from 2014 to 2019. In the global market, developed countries are the main markets for certified food products accounting for more than 95% of sales; however, there is a rapid increase in sales in other countries such as Brazil, Argentina, and China. 

The growth of food certification in the global market largely depends on the performance of major players. The growth of end-user application segments such as processed meat & poultry, fresh food, organic food, and infant food is contributing significantly to the growth of the food certification market. The food and beverage industry is subject to increased growth due to the stringent hygiene standards mandatory for quality food. 

The market is highly competitive and comprises many prominent players accounting for a major market share. At present, this market is dominated by companies such as SGS SA (Switzerland), Bureau Veritas (France), Intertek Group PLC (U.K.), Dekra SE (Germany), and TUV SUD AG (Germany). Other players include ALS Ltd. (Australia), DNV GL (Norway), UL LLC (U.S.), AsureQuality (New Zealand), and Lloyd’s Register (U.K.).

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