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North America is Projected to Be the Fastest-Growing Market for Food Certification From 2018 to 2023

Growing international trade, coupled with increasing food safety regulations, has been fueling the demand for food certifications. Rising prevalence of foodborne illness is expected to drive the growth of the food certification market during the review period.<br>https://tinyurl.com/y6p2hotz

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North America is Projected to Be the Fastest-Growing Market for Food Certification From 2018 to 2023

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  1. MarketsandMarkets Presents North America is Projected to Be the Fastest-Growing Market for Food Certification From 2018 to 2023

  2. Introduction The report "Food Certification Market by Type (ISO 22000, BRC, SQF, IFS, Halal, Kosher, Free-From Certification), Application (Meat, Poultry, and Seafood, Dairy, Infant Food, Beverages, Bakery & Confectionery), Risk Category, and Region - Global Forecast to 2023" The food certification market is estimated to be valued at USD 8.87 Billion in 2018, and is projected to reach USD 11.45 Billion by 2023, at a CAGR of 5.2% from 2018. The market is driven by the factors such as increasing consumer awareness about certified food products, growing demand for processed meat products certification, and rising prevalence of foodborne illness. Furthermore, growing international trade, coupled with increasing food safety regulations, has been boosting the demand for food certifications. The North American region is projected to grow at the highest CAGR during the forecast period. The North American market is mainly driven by the strong food safety regulations imposed by the governments across the North American countries for imported goods. The US accounted for the largest country-wise market for food certification in the North American region, and is majorly driven by the factors such as initiatives taken by the US government pertaining to certification and accreditation services and promotion of food certifications such as Safe Food Quality (SQF), GlobalGAP, and British Retail Consortium (BRC). Canada is the second-largest food certification market in this region. The stringency of food safety and import-export regulations imposed by the Canadian government are driving the market in the country. Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=82063283

  3. Key Players • DEKRA SE (Germany) • DNV GL (Norway) • Intertek Group Plc (UK) • SGS SA (Switzerland) • TÜV SÜD (Germany) • Lloyd’s Register (UK) • Eurofins Scientific (Luxembourg) • KiwaSverige (Sweden) • ALS Limited (Australia) • UL LLC (US)

  4. Market Dynamics • Drivers • Increasing Consumer Awareness About Certified Food Products • Increasing Demand for Processed Meat Product Certification • Food Quality Certification Scheme • Increasing Prevalence of Foodborne Illness • Growing Regulations & Standards Spur the Market for Food Certification • Ease of Certification and Reduction of Cost in Auditing Have Led to the Growth of Outsourced Certification • Growing International Food Trade • Restraints • Lack of Harmonization in Food Certification Standards & Guidelines Across the Globe • Lack of Food Control Infrastructure & Resources in Developing Countries

  5. Opportunities • Growing Trend of Outsourcing Certification From Third Parties • Food Processing Industry Making Food Safety Management A Mandate • Organic Food Certification • Growing Number of Small & Medium Scale Enterprises (Smes) • Emerging Markets in Asian, African, and Other Developing Countries • Challenges • Lack of Awareness About Food Certification Among Small-Scale Manufacturers • Increasing Incidences of False Labeling & Certification

  6. Target Audience: • Accreditation bodies • Certification bodies • End users

  7. Contact Us Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

  8. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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