Food Safety is an enormous worldwide issue, one that is sickening millions and costing governments billions of dollars. Factors such as economic and societal obligations are driving the food safety testing and certification market.
Merchandising has been the main factor for increasing food contaminants and thus boosts food testing and certification market size.
Mandatory certification of food and beverage products stated by government and regulatory bodies is a primary factor driving the market for certification. This mandatory rule has made ISO certification to stay ahead in the race.
With dynamic food habits and increased spending powers on food & beverages, the growth of clean label, free-form foods, organic and others products has accelerated in the past decade.This demand has created a huge opportunity for segments such as kosher, organic, gluten-free, and halal. These segments are expected to witness highest growth rate in the coming years.
The food testing and certification market share is divided among players like ALS Limited, Asurequality Ltd., Bureau Veritas S.A., Eurofins Scientific SE, Intertek Group PLC, Merieux and Others.
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