Global Dietary Supplement Testing Services Market - 2022-2029

Global Dietary Supplement Testing Services Market - 2022-2029

Market Overview

The global dietary supplement testing services market valued USD xx million in 2021 and is forecast to reach USD xx million by 2029, growing at a CAGR of xx% during the forecast period (2022-2029).

Dietary Supplements are nutrients such as protein, vitamins and minerals that are consumed to make up for the deficiencies in the body and add nutritional value to a diet. Dietary supplement testing is performed to test that the product is safe and beneficial to the consumer. The market for testing services is expected to have a significant growth rate. There is a growing awareness among people of all age groups regarding their health and their nutrient intake which is expected to drive the market growth. There is an increasing demand for testing services for these supplements in order to validate their nutritional information and to ensure whether it is fit for consumption.

Market Dynamics:

The growing interest in spending on health helps increase the dietary supplement testing services market

Increasing healthcare spending, an increasing population, and a growing interest in preventive and diet-based health help grow the dietary supplement testing services market. According to the Centers for Medicare & Medicaid Services, U.S. health care spending grew 9.7 percent in 2020, reaching $4.1 trillion or $12,530 per person. Furthermore, the rising demand for dietary supplements in the fitness industry forces supplement manufacturers to adhere to quality requirements, promoting the market growth.

Moreover, increasing research and development activities and the rising instability of testing services from the private food and pharmaceutical and food manufacturing companies in developing countries are boosting the growth of the dietary supplement testing services market. Furthermore, nutritious supplement manufacturers are investing in research and development to extend the shelf life of their products, thereby increasing the growth of the dietary supplement testing services market during the forecast period.

Market Segmentation:

The microbiological testing held the highest market revenue share of xx% in the year 2021

Based on the method, the microbiological testing segment held a dominant market share in 2021. Microbiological testing refers to detecting, identifying, or enumerating microorganisms using biological, biochemical, or chemical approaches. Microbiological tests shift in the ability to shorten the time from 8-10 days to 1-2 days and quickly identify contaminants and treat them before they do irreversible damage, thereby increasing the dietary supplement testing services market.

Based on the ingredient type, vitamins held the largest share in the dietary supplement testing services Market in 2021. Vitamin-based dietary supplements are generally in the subsequent product forms: A (retinol and carotenoids), B (folic acid), C (ascorbic acid), and D (dihydrolipoic acid). Vitamin A also helps maintain muscular and ocular health, while vitamin E aids in DNA repair and immune system strength, hence increasing the dietary supplement testing services market.

Geographical Penetration:

North America is dominating the global dietary supplement testing services market in the year 2021

North America is dominating the global dietary supplement testing services market in the year 2021. Increasing use of products with high nutritional value and low calories are used. In addition, due to the launch of new products, increased urbanization, and increased spending power, awareness of the consumption of supplement products in Mexico continues to grow, which is expected to drive the demand for dietary supplement testing services during the forecast period.

The Asia Pacific regional market is expected to grow at a CAGR of xx% during the forecast period. Due to the increase in per capita income and awareness growing consumer base in countries such as India, China, and South Korea, the region's countries' expenditure on health-enhancing products is expected to drive demand for dietary supplement testing services during the forecast period.

Competitive Landscape:

Some of the key players in the market are ALS Limited, Intertek Group plc, SGS S.A., UL, LLC., NSF International, and Herbalife Nutrition Ltd. Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the dietary supplement testing services market. For instance, in March 2019, SGS SA Opened Food Microbiological Testing Laboratory in Carson, California. The high-tech facility expands the expertise, geographical coverage and capabilities of SGS’s food laboratories to its global network of agriculture and food labs. It offers food producers, manufacturers and suppliers a full spectrum of food and agricultural testing services across every food category.

COVID-19 Impact:

Positive impact on the global dietary supplements testing services market

During the pandemic, the sales of dietary supplements and nutraceuticals surged due to their perceived immune-boosting effects. Since the beginning of the coronavirus pandemic, prominent medical personalities have promoted the use of certain dietary supplements in both prevention and acute treatment of SARS-CoV-2 infection on television and social media. Vitamin D may also help to prevent SARS-CoV-2 transmission by enhancing antiviral immunity and reducing mortality by limiting the cytokine storm associated with severe COVID-19. Zinc also supports the function of the immune system and may have specific antiviral properties. The impact of COVID-19 will further shift the demand towards dietary and nutritional supplements. Food supplements are likely to experience high growth due to the ongoing pandemic. The impact of COVID-19 and the severity of the coronavirus has highlighted the importance of immunity. The link between immune function and nutrition is further projected to drive the adoption of dietary supplements, which in turn is expected to drive the dietary supplement testing services market.

Why Purchase the Report?

Understand the current market scenario and viability of global dietary supplement testing services market over the forecast period

Visualize the composition of the global dietary supplement testing services market in terms of method, and ingredient type to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global dietary supplement testing services market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global dietary supplement testing services market report would provide an access to approximately 53 market data tables, 47 figures, and 180 pages

Target Audience:

Dietary Supplements Manufacturers

Food Testing and Certification Companies

Pharmaceutical Manufacturing Industries

Education & Research Institutes

Research Professionals