Food Certification Market is Expected to Reach USD 16.09 bn by 2021, Expanding at a CAGR of 5.3% from 2015 to 2021

Food Certification Market is Expected to Reach USD 16.09 bn by 2021, Expanding at a CAGR of 5.3% from 2015 to 2021

  • Submitted By: amyjames
  • Date Submitted: 09/23/2016 4:39 AM
  • Category: Business
  • Words: 1182
  • Page: 5

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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Rising Cases of Food Contamination to Fuel Demand for Adequate Food
Certification, Reports TMR

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Food Certification Market

REPORT DESCRIPTION

The demand for food certification is increasing in response to the rising prevalence of food-borne diseases.
The recent instances of food contamination reported across emerging economies have compelled
governments to mandate food certifications. Currently, International Organization for Standardization (ISO
22000), Safe Quality Food Certification, International Food Standard, British Consortium Standard, Halal
Certification, and Kosher Certification are the most popular certifications in the international market, states
Transparency Market Research (TMR). The demand for these certifications is expected to increase in the
forthcoming years as food trade across developing nations rises.
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Besides this, the changing consumption pattern and the subsequent demand for convenience food will fuel
the demand for food certifications. However, the high cost of a majority of these certifications will inhibit
their proliferation in small businesses. Nevertheless, TMR expects the market to report a CAGR of 5.3%
between 2015 and 2021.
The global food certification market stood at US$11.25 bn in 2014 and is expected to reach US$16.09 bn
by the end of 2021.
Rising Awareness about Food Contamination to Fuel Demand for Food Certifications
Based on application,...

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