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
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.
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) -
Bureau Veritas SA
DNV GL Group
Intertek Group PLC
Lloyd's Register Group Limited
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
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
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
For more information about this report visit https://www.researchandmarkets.com/r/9nd2to
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