Dublin, Nov. 12, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/523jpq/food) has announced the addition of the "Food Certification Market by Type (ISO 22000, SQF, BRC, IFS, USDA Organic, Halal, Kosher), Application (Processed Meat & Poultry, Organic Food, Infant Food, Dairy Products, Beverages, Seafood) & by Region - Global Trends & Forecast to 2019 " report to their offering.
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.
Increasing changes in consumption habits due to busy lifestyle changes and the resultant inclination towards convenience foods has been driving the demand for efficient food safety testing in emerging economies. The increasing food trade in emerging markets has been a key opportunity for the food safety testing market. Consumers purchase imported food because it not only meets the safety standard of its country of origin, but also passes the inspection and quarantine in the particular country. It has been essential for emerging countries to meet international standards of food certification to sustain in the food trade supply.
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.).
The segments of the food certification market considered for this study include types, applications, and regions. All growth parameters in individual segments have been considered.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Food Certification Market, By Type
8 Food Certification Market, By Application
9 Food Certification Market, By Region
10 Competitive Landscape
11 Company Profiles
- ALS Limited
- Asurequality Ltd
- Bureau Veritas
- DNV GL
- Dekra SE
- Intertek Group PLC
- Lloyd's Register
- SGS SA
- TUV SUD AG
- UL LLC
For more information visit http://www.researchandmarkets.com/research/523jpq/food
Food Certification Market by Type, Application & by Region - Global Trends & Forecast to 2019 for the $10 Billion Industry
| Source: Research and Markets