Press release
Food Testing and Certification Market: APEJ Regional Market All Set to Record Significant Growth
Increasing concern for food safety and health in several parts of the world has stimulated the need for food testing and certification, making certifications such as ISO22000 mandatory. Diversity of foods & beverages produced in the world has also led to rise in type of food certifications, particularly in Western Europe where global Good Agricultural Produce (GAP) and Marine Stewardship Council (MSC) certifications are gaining traction.Future Market Insights’ latest report on the global food testing and certification market projects that Western Europe will be the most lucrative for the market’s growth between 2017 and 2027. During this forecast period, the global market for food testing and certification is expected to reach US$ 16,046.8 Mn in value, over 30% of which will be contributed by Western Europe.
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In the report, titled “Food Testing and Certification Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” the global food testing and certification market is projected to soar at a steady CAGR of 6.6% over the forecast period. According to the report findings, stringent food regulatory norms, governments subsidizing the cost of testing and certifications, and the need to add credibility to label claims – are all acting as proponents for the adoption of food testing and certification across the globe.
Apart from these factors, rising interests of consumers in environmental preservation and food safety is also driving the demand for fair trade & sustainability food certifications. Along with Western Europe, the Asia Pacific excluding Japan (APEJ) region is also expected to remain lucrative for revenue growth of the food testing and certification market.
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https://www.futuremarketinsights.com/reports/sample/rep-gb-4215
In 2017 and beyond, the demand for British Retail Consortium (BRC) certifications is expected to gain traction in the US, attributing to the growth of North America’s food testing and certification market. The report also reveals that feed and food supply certifications will remain dominant in the global market, accounting for more than half of the global revenues through 2027. Demand for seafood certifications is also expected to gain traction during the forecast period, with MSC certifications registering fastest growth at 7% CAGR.
The report also profiles leading food testing and certification organisations as key players of the global food testing and certification market, and they include Intertek Group plc, Bureau Veritas S. A, SGS SA, TÜV NORD AG, SAI Global Limited, UL Registrar LLC, SCS Global Services, DNV GL AS, AsureQuality Limited, Aspirata Auditing Testing And Certification (Pty) Ltd, Dekra SE, Lloyd’s Register Group Services Limited, Indocert, DQS Holding GmbH, Peterson Control Union, Socotec Group, Bio.inspecta AG/ Q.inspecta GmbH, Eagle Certification Group, JIC Quality Assurance Ltd., Nippon Kaiji Kentei Kyokai (NKKK).
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https://www.futuremarketinsights.com/reports/food-certification-market/toc
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
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