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Market Leader - Food Certification Market

The global food certification market is projected to grow at a CAGR of 5.2% from 2014 to 2019.

The market is highly competitive and comprises many prominent players accounting for a major market share. At present, this market is dominated by companies such as SGS SA (Switzerland), Bureau Veritas (France), Intertek Group PLC (U.K.), Dekra SE (Germany), and TUV SUD AG (Germany). Other players include ALS Ltd. (Australia), DNV GL (Norway), UL LLC (U.S.), AsureQuality (New Zealand), and Lloyd’s Register (U.K.).

SGS SA (Switzerland) held the leading position in the global food certification market. The company focuses on accreditations, certifications, and service extension as its key business strategies in order to ensure growth in the global food certification market. The company operates through a network of more than 1,500 offices and laboratories around the world, including Europe, Middle East, Americas, Africa, and Asia-Pacific.

SGS SA adopted the acquisition strategy to maintain its leading position in the market and strengthen its business perspectives. The company focuses on continuously improvising its services to be best-in-class. It has been focusing on expanding its global network of testing facilities. Acquiring new business means meeting vendor approvals. With people, assets, and technologies in place, SGS initiated registration and vendor pre-qualifications with various regional operators and national and international oil companies.

Bureau Veritas held the second position in providing testing, inspection, and certification to meet the growing challenges of quality, safety, environmental protection, and social responsibility. The company offers innovative solutions with regulations & standards for reducing risk, improving performance, and promoting sustainable development.

Bureau Veritas focuses on developing its network through revenue growth and acquisitions. The company is extending its operations in fast-growing countries and establishing new offices to create a dynamic global network adapted to all its businesses. The acquisition of Maxxam Inc. (U.S.) has positioned Bureau Veritas as the leader in the testing, inspection, and certification industry in Canada a market with strong growth prospects and expands its portfolio of services with high value-added expertise. The company aims to develop its technical and technological edge to bring innovation in services.

Related Reports:

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

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