Food Certification Market Is Anticipated To Grow At A Cagr Of 4%-6% From 2020 To 2025

By Author: Lucintel LLC
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The global food certification market is projected to grow at a CAGR of 4%-6% from 2020 to 2025. The growth of food certification market is driven by increasing consumer awareness about certified food products, growing demand for processed meat products certification, and rising prevalence of foodborne illness.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global food certification market by type (ISO 22000, BRC, SQF, IFS, halal, kosher, and free-from certification), application (meat, poultry & seafood, dairy, infant food, beverages, and bakery & confectionery), risk vategory (high-risk food and low-risk food), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the food certification market?
Q.4 What are some changing demands of customers in the food certification market?
Q.5 What are the new developments in the food certification market? Which companies are ...
... leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this food certification area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this food certification market?
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Market Segmentation:
Based on type, the food certification market is segmented into ISO 22000, BRC, SQF, IFS, halal, kosher, and free-from certification. The free-from certification segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the growing concern among consumers about food allergies.
North America will remain the largest region over the forecast period due to the strong food safety regulations imposed by the governments across the North American countries, like US and Canada, for imported goods.
Key Players in the food certification market are DEKRA, DNV, Intertek, SGS, TÜV SÜD, Lloyd’s Register, Eurofins Scientific, KiwaSverige, ALS, and UL.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/food-certification-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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