Food Certification Global Market is Projected to Reach $6.9 Billion by 2030: Rise in Prominence of Blockchain Technology in the Food Supply Chain Drives Growth


Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Food Certification - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Food Certification estimated at US$4.8 Billion in the year 2022, is projected to reach a revised size of US$6.9 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.

ISO 22000, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$1.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the BRC segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 4.4% CAGR

The Food Certification market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 42 Featured) -

  • ALS Ltd.
  • AsureQuality
  • Bureau Veritas SA
  • Dekra SE
  • DNV GL Group
  • Intertek Group PLC
  • Kiwa Sverige
  • Lloyd's Register Group Limited
  • SGS SA
  • Tuv Sud AG
  • UL LLC (Underwriters Laboratories)

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages323
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.8 Billion
Forecasted Market Value (USD) by 2030$6.9 Billion
Compound Annual Growth Rate4.6%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Food Certification - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • The Evolving Age of Food Safety Across the Food Supply Chain
  • Growing Importance of Food Certification

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Prominence of Blockchain Technology in the Food Supply Chain
  • Certification Protocol for 'Raised Without Antibiotics'
  • Emphasis Grows on Testing Food at Production and Processing Level
  • Food Safety System Certification 22000 Gains Importance
  • Organic Food Certification Scenario
  • Quality Assurance International Introduces certification mark for Organic Products
  • Good Manufacturing Practices Emphasis the Need for Food Certification
  • Clean Labelling of Non-GMO Products and the Need for Certification
  • Certified Food Ingredients Become Essential to Establish Food safety

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9nd2to

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Attachment

 
Global Market for Food Certification

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