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Food Certification Global Market is Projected to Reach $6.9 Billion by 2030: Rise in Prominence of Blockchain Technology in the Food Supply Chain Drives Growth

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Global Market for Food Certification

Global Market for Food Certification
Global Market for Food Certification

Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Food Certification - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Food Certification estimated at US$4.8 Billion in the year 2022, is projected to reach a revised size of US$6.9 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.

ISO 22000, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$1.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the BRC segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 4.4% CAGR

The Food Certification market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030.

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Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 42 Featured) -

  • ALS Ltd.

  • AsureQuality

  • Bureau Veritas SA

  • Dekra SE

  • DNV GL Group

  • Intertek Group PLC

  • Kiwa Sverige

  • Lloyd's Register Group Limited

  • SGS SA

  • Tuv Sud AG

  • UL LLC (Underwriters Laboratories)

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute

Details

No. of Pages

323

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$4.8 Billion

Forecasted Market Value (USD) by 2030

$6.9 Billion

Compound Annual Growth Rate

4.6%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

  • Food Certification - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • The Evolving Age of Food Safety Across the Food Supply Chain

  • Growing Importance of Food Certification

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Prominence of Blockchain Technology in the Food Supply Chain

  • Certification Protocol for 'Raised Without Antibiotics'

  • Emphasis Grows on Testing Food at Production and Processing Level

  • Food Safety System Certification 22000 Gains Importance

  • Organic Food Certification Scenario

  • Quality Assurance International Introduces certification mark for Organic Products

  • Good Manufacturing Practices Emphasis the Need for Food Certification

  • Clean Labelling of Non-GMO Products and the Need for Certification

  • Certified Food Ingredients Become Essential to Establish Food safety

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9nd2to

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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