North America is Projected to Be the Fastest-Growing Market for Food Certification From 2018 to 2023 - PowerPoint PPT Presentation

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North America is Projected to Be the Fastest-Growing Market for Food Certification From 2018 to 2023

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Growing international trade, coupled with increasing food safety regulations, has been fueling the demand for food certifications. Rising prevalence of foodborne illness is expected to drive the growth of the food certification market during the review period. – PowerPoint PPT presentation

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Title: North America is Projected to Be the Fastest-Growing Market for Food Certification From 2018 to 2023


1
MarketsandMarkets Presents
  • North America is Projected to Be the
    Fastest-Growing Market for Food Certification
    From 2018 to 2023

2
Introduction
  • The report "Food Certification Market by Type
    (ISO 22000, BRC, SQF, IFS, Halal, Kosher,
    Free-From Certification), Application (Meat,
    Poultry, and Seafood, Dairy, Infant Food,
    Beverages, Bakery Confectionery), Risk
    Category, and Region - Global Forecast to
    2023" The food certification market is estimated
    to be valued at USD 8.87 Billion in 2018, and is
    projected to reach USD 11.45 Billion by 2023, at
    a CAGR of 5.2 from 2018. The market is driven by
    the factors such as increasing consumer awareness
    about certified food products, growing demand for
    processed meat products certification, and rising
    prevalence of foodborne illness. Furthermore,
    growing international trade, coupled with
    increasing food safety regulations, has been
    boosting the demand for food certifications.
  • The North American region is projected to grow at
    the highest CAGR during the forecast period. The
    North American market is mainly driven by the
    strong food safety regulations imposed by the
    governments across the North American countries
    for imported goods.
  • The US accounted for the largest country-wise
    market for food certification in the North
    American region, and is majorly driven by the
    factors such as initiatives taken by the US
    government pertaining to certification and
    accreditation services and promotion of food
    certifications such as Safe Food Quality (SQF),
    GlobalGAP, and British Retail Consortium (BRC).
    Canada is the second-largest food certification
    market in this region. The stringency of food
    safety and import-export regulations imposed by
    the Canadian government are driving the market in
    the country.
  • Speak To Analyst _at_ https//www.marketsandmarkets.c
    om/speaktoanalystNew.asp?id82063283

3
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4
Key Players
  • DEKRA SE (Germany)
  • DNV GL (Norway)
  • Intertek Group Plc (UK)
  • SGS SA (Switzerland)
  • TÜV SÜD (Germany)
  • Lloyds Register (UK)
  • Eurofins Scientific (Luxembourg)
  • Kiwa Sverige (Sweden)
  • ALS Limited (Australia)
  • UL LLC (US)

5
Market Dynamics
  • Drivers
  • Increasing Consumer Awareness About Certified
    Food Products
  • Increasing Demand for Processed Meat Product
    Certification
  • Food Quality Certification Scheme
  • Increasing Prevalence of Foodborne Illness
  • Growing Regulations Standards Spur the Market
    for Food Certification
  • Ease of Certification and Reduction of Cost in
    Auditing Have Led to the Growth of Outsourced
    Certification
  • Growing International Food Trade
  • Restraints
  • Lack of Harmonization in Food Certification
    Standards Guidelines Across the Globe
  • Lack of Food Control Infrastructure Resources
    in Developing Countries 

6
  • Opportunities
  • Growing Trend of Outsourcing Certification From
    Third Parties
  • Food Processing Industry Making Food Safety
    Management A Mandate
  • Organic Food Certification
  • Growing Number of Small Medium Scale
    Enterprises (Smes)
  • Emerging Markets in Asian, African, and Other
    Developing Countries
  • Challenges
  • Lack of Awareness About Food Certification Among
    Small-Scale Manufacturers
  • Increasing Incidences of False Labeling
    Certification

7
Target Audience
  • Accreditation bodies
  • Certification bodies
  • End users

8
Contact Us
  • Mr. Shelly Singh
  • MarketsandMarkets INC.
  • 630 Dundee Road
  • Suite 430
  • Northbrook, IL 60062
  • USA 1-888-600-6441
  • sales_at_marketsandmarkets.com

9
About MarketsandMarkets
  • MarketsandMarkets provides quantified B2B
    research on 30,000 high growth niche
    opportunities/threats which will impact 70 to
    80 of worldwide companies revenues. Currently
    servicing 7500 customers worldwide including 80
    of global Fortune 1000 companies as clients.
    Almost 75,000 top officers across eight
    industries worldwide approach MarketsandMarkets
    for their painpoints around revenues decisions.
  • Our 850 fulltime analyst and SMEs at
    MarketsandMarkets are tracking global high
    growth markets following the "Growth Engagement
    Model GEM". The GEM aims at proactive
    collaboration with the clients to identify new
    opportunities, identify most important customers,
    write "Attack, avoid and defend" strategies,
    identify sources of incremental revenues for both
    the company and its competitors.
    MarketsandMarkets now coming up with 1,500
    MicroQuadrants (Positioning top players across
    leaders, emerging companies, innovators,
    strategic players) annually in high growth
    emerging segments. MarketsandMarkets is
    determined to benefit more than 10,000 companies
    this year for their revenue planning and help
    them take their innovations/disruptions early to
    the market by providing them research ahead of
    the curve.
  • MarketsandMarketss flagship competitive
    intelligence and market research platform,
    "Knowledgestore" connects over 200,000 markets
    and entire value chains for deeper understanding
    of the unmet insights along with market sizing
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