Food Certification Market - Trends & Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||572778|
|出版日期||內容資訊||英文 128 Pages
|全球食品認證市場:全球趨勢與預測(2017年∼2022年) Food Certification Market - Trends & Forecasts (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 128 Pages||
Global food certification market is projected to grow at a CAGR of 5.8 during the forecast period (2020-2025).
Globalization of International Standards
Global standards are developed, adopted, and identified in several ways. For instance, they are contributing to market growth and even incorporating the protection of the environment, consumer health, and public safety of workers. The standards and regulations have started playing a vital role, with an increase in private equity firms, and in turn, the global standard paradigm is evolving gradually. According to a survey conducted by ISO, in order to compile the number of valid certifications issued by certification bodies (accredited by members of the International Accreditation Forum), ISO 14001 (environmental management) grew by 8%, outpacing the threshold of 3,00,000 certificates, while 4,200 organizations have been certified to the new quality management ISO 9001:2015, immediately after three months from published date. Thus, the globalization of standards is driving the overall market for market studied, and also, the training and inspection market.
North America Holds A Prominent Share In The Market After Europe
In the North American region, the certification bodies, via follow-up and thorough audits, make sure that the companies engaged in food and alcohol production follow adequate food management processes. USDA's strict regulatory norms force manufacturers to comply with the regulations and continue to drive the market. The food industry is profoundly impacted by new FSMA rules and consumers demand greater transparency when it comes to food consumption. This is expected to drive the demand for food certification. The United States led the North American market, owing to the growing health consciousness and consumer awareness on the side effects of adulterated food products in the region. Somerdale International, the leading importer of British cheeses and dairy products to the United States, has launched the first, fully-accredited, and non-GMO British Cheddar. The new "Westminster Sharp" has been accredited as non-GMO by NSF International.
The market studied is gaining competition globally. Nonetheless, the market exhibits the strong presence of key international players. The global testing inspection and certification market is highly competitive, especially with the rising number of private equity firms, and the introduction of new regulations and certifications, every year. The major player in the market are Intertek Group, SGS Group, and Bureau Veritas. Some other players in the market include Lloyd's Register Quality Assurance Limited, ALS limited, and Eurofins. Most of the companies are actively involved in mergers and acquisitions, owing to globalization, and also, since, the leading global companies have a considerable share within the industry.