Market Share of Food Certification Industry
The market studied is a mature market. This is due to the presence of domestic and international players in the segment. Some of the major players in this market are Bureau Veritas, Eurofins Scientific, Intertek Group PLC, SGS Group, and NSF International. Most companies are actively involved in mergers and acquisitions, owing to globalization, and the leading global companies have a considerable share within the industry. The strategy behind mergers and acquisitions is also enabling these top players to sustain dominance over other regional players in the industry. For instance, In September 2021, Bureau Veritas acquired AET France, a France-based testing company, which provides product development and other testing services to consumers. According to the company, the major strategy behind this acquisition is to strengthen the company's core research and development sector with the expertise given by AET France. Thus, the company can acknowledge deeply about a specific product and can offer better service to the consumers.
Food Certification Market Leaders
Eurofins Scientific
Bureau Veritas
Intertek Group PLC
SGS Group
NSF International
*Disclaimer: Major Players sorted in no particular order
