Global Food Certification Market Propelled by Increasing Consumer Awareness about Health Certification; Market to Reach US$16.0 bn by 2021

Global Food Certification Market Propelled by Increasing Consumer Awareness about Health Certification; Market to Reach US$16.0 bn by 2021

  • Submitted By: amyjames
  • Date Submitted: 04/15/2016 12:21 AM
  • Category: Business
  • Words: 1298
  • Page: 6

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

The global food certification market is expected to reach US$16.0 bn by the end of 2021. It is projected to
expand at a CAGR of 5.30% within a forecast period from 2015 to 2021 and was recorded at a value of
US$11.20 bn in 2014, according to a research report released by Transparency Market Research. The
report, titled “Food Certification Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2015 - 2021,” provides a segmented analysis for users to gain a clear and concise view of this
market in terms of growth and investment opportunities and challenges that could hamper the growth of
the market.
Food certification is not restricted to finished products – it can also apply to any stage within the
manufacturing process. This includes certification requirements from early stages in production down to
food sales. This ensures the use of ingredients and chemicals that are allowed by government agencies.
Failure to be certified with the necessary food certification could result in the curtailment of the sale of the
food product. Even at a sales level, the absence of certain certificates could be used by consumers to
avoid these products. On the other hand, the presence of valid certification allows products to hold a
positive image in the consumers’ minds, thereby increasing its sales. Therefore, the food and beverage
industry...

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