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Food Certification Market Business Segmentation by Revenue, Present Scenario and Growth Prospects 2032

05-03-2023 12:28 PM CET | IT, New Media & Software

Press release from: Analytics Market Research

Food Certification Market

Food Certification Market

Food Certification Market size was valued at USD 4.59 Billion in 2020 and is projected to reach USD 7.03 Billion by 2028, growing at a CAGR of 5.46% from 2021 to 2028.

The factors propelling the market expansion of the Food Certification Market include the rising consumer awareness of food safety, strict food certification and standards, and the rising number of government measures to ensure food safety. The market is comprehensively evaluated in the study on the global food certification industry. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Global Food Certification Market Definition
Food certification demonstrates food safety, quality, packaging requirements and materials, distribution, and storage. In order to enhance food safety, regulatory compliance, quality, and the facilitation of trade, the Global Food Safety Initiative (GFSI) was founded. Its mission is to secure the independence, mutual understanding, and trustworthiness of diverse food safety standards. The most widely used food standard certifications worldwide are ISO (22000), Codex Alimentarius, British Consortium Standards, Halal Certification, and Kosher Certification.

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A third party's confirmation that a system, process, or product in the food supply chain complies with accepted food safety standards is known as food safety certification. This is different from any other way of proving compliance, including supplier declarations, lab test results, and test centre reports. Testing, inspection, and auditing are the foundation of food safety certification as qualified third parties carefully assess the organization's processes and products in comparison to acknowledged national and worldwide industry standards.

The Halal Food Certification market report also discusses the market share attained by each product on the market as well as the expansion of manufacturing. Advertising channels and market development trends are examined. The market lookup also includes market share and growth rate in addition to the boom potential, future opportunities, using factors, industry-specific challenges, and dangers. The information also includes changes in exchange rates and currencies, import-export trade, and the contemporary nation of the global market. The market for Halal Food Certification is expected to grow at a high CAGR between 2023 and 2031. The primary factor driving the expansion of this market is the expanding pastime of the people working in this business.

Market Segmentation:

The food certification market can be segmented by various factors such as type of certification, food type, and end-use sector. Here is an overview of the food certification market by segment:

Type of Certification: The food certification market can be segmented by type of certification, including organic, halal, kosher, gluten-free, non-GMO, and others. Organic certification is expected to dominate the market due to the increasing demand for sustainable and organic food products.
Food Type: The food certification market can also be segmented by food type, including dairy products, meat and poultry, beverages, bakery and confectionery products, fruits and vegetables, and others. The meat and poultry segment is expected to dominate the market due to the stringent regulations on meat and poultry products.
End-Use Sector: The food certification market can also be segmented by end-use sector, including retail, food service, and others. The retail segment is expected to dominate the market due to the increasing demand for certified food products by consumers.
Geography: The food certification market can also be segmented by geography, including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to dominate the market due to the increasing demand for certified food products in countries such as China and India.
Overall, the food certification market can be segmented by various factors, and each segment has unique drivers and growth opportunities.

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Competitive Landscape:

The food certification market has several major players, including:

SGS SA: SGS SA is a Switzerland-based company that provides inspection, verification, testing, and certification services. The company offers food certification services such as ISO 22000, HACCP, and GMP certification.
Bureau Veritas S.A.: Bureau Veritas S.A. is a France-based company that offers testing, inspection, and certification services. The company provides food certification services such as ISO 22000, BRC Global Standards, and FSSC 22000.
Intertek Group plc: Intertek Group plc is a UK-based company that offers testing, inspection, and certification services. The company provides food certification services such as BRC Global Standards, FSSC 22000, and ISO 22000.
DNV GL: DNV GL is a Norway-based company that provides testing, inspection, and certification services. The company offers food certification services such as FSSC 22000, ISO 22000, and BRC Global Standards.
NSF International: NSF International is a US-based company that provides testing, inspection, and certification services. The company offers food certification services such as GFSI certification, HACCP certification, and organic certification.
TÜV SÜD: TÜV SÜD is a Germany-based company that provides testing, inspection, and certification services. The company offers food certification services such as FSSC 22000, ISO 22000, and BRC Global Standards.
Overall, these major players dominate the food certification market and provide a wide range of certification services to ensure the safety and quality of food products.

FAQs:-

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