Global Food Certification Market 2018-2022
About Food Certification
Certification involves justification that a product, process, service, or system confirms to a pre-defined standard or technical specification by means of a formal statement known as a certificate.
Technavio’s analysts forecast the Global Food Certification Market to grow at a CAGR of 5.39% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global food certification market. To calculate the market size, the report considers the revenue generated from the adoption of food certification.
The market is divided into the following segments based on geography:
Technavio's report, global food certification market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Food Certification Market 2018-2022
Technavio recognizes the following companies as the key players in the global food certification market: ALS, DEKRA, Eurofins Scientific, Intertek Group, and SGS.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is rising number of new food and beverage products launches.” A comprehensive range of food products are available in the consumer food market, and most new food products are being launched under the food and beverages segment.
According to the report, one driver influencing this market is the government initiatives to promote food safety in developing countries. With a focus on consumer food safety and public health, there is a growing need for testing food products to ensure the compliance with domestic and international standards for exports.
Further, the report states that one challenge affecting this market is the increasing instances of false labelling and misleading product claims. With the growing prevalence of health conditions such as obesity and diabetes worldwide, health consciousness consumers are making healthy foods choices.