Transparency Market
Research
Food Certification Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2015 - 2021
Published Date
08-09-2015
95 Page Report
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Press Release
Global Food Certification Market Propelled by Increasing Consumer
Awareness about Health Certification; Market to Reach US$16.0 bn by
2021
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Food Certification Market
REPORT DESCRIPTION
Food safety has emerged as a major concern in recent years, with outbreaks of foodborne diseases and
scandals involving counterfeit products arising in several parts of the world. Food certification has thus
become more important than ever. The effective and organized food monitoring systems put in place
through food certification procedures help reduce the prevalence of foodborne diseases and ensure that
genuine and safe food is being sold to the consumers. Food certification is also particularly important with
regard to imported food, since the production standards in the exporting country may differ from those in
the importer.
Global organizations such as the WHO have expressed solid support to food certification systems. This has
been a major factor propelling the global food certification market in recent years. The rising awareness
among consumers across the world about food certification procedures has also aided the market
massively, as many governments have passed laws mandating food certification. According to
Transparency Market Research, the global food certification market is expected to exhibit a sturdy 5.30%
CAGR from 2015 to 2021, rising in valuation from US$11.2 bn in 2014 to a projected US$16 bn by 2021.
Increasing Purchasing Power, Awareness of Consumers Drives Food Certification Market
As mentioned before, the increasingly...