Food Certification Market worth $14.5B by 2019
The market for food certification is projected to grow $14.5 billion by 2019 at a CAGR of 5.2% from 2014-2019, according to a study produced by Markets and Markets, Dallas, Texas.
The report "Food Certification Market by Type (ISO 22000, SQF, BRC, IFS, USDA Organic, Halal, Kosher), Application (Processed Meat & Poultry, Organic Food, Infant Food, Dairy Products, Beverages, Seafood) & Region - Global Trends & Forecast to 2019" studies the market for food certification used in the food industry.
Globally, the food certification market is driven by the regulations and standards in various food application segments. However, increasing governmental regulations and the growing awareness about improving food quality are boosting the food certification market.
The European region holds the major share of the food certification market, which is growing due to its prevalence in a wide range of applications and increased health consciousness among consumers. However, imbalanced demand and supply and lack of transparency and market information have been restraining the market growth.
The market is segmented and the market size is forecasted on the basis of key regions, such as North America, Europe, Asia-Pacific and Rest of the World (ROW).