Overview and Scope
Dietary supplement testing services refer to specialized services offered by laboratories or testing facilities to assess the quality, safety, and compliance of dietary supplements. These testing services aim to verify the accuracy of product labeling, ensure compliance with regulatory requirements, and identify any potential contaminants or adulterants that may be present in dietary supplements.
Sizing and Forecast
The dietary supplement testing services market size has grown strongly in recent years. It will grow from $2.65 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to increased degree of knowledge about healthy foods and nutrition, growth in importance of an active lifestyle, growth in demand for dietary supplements, increase in need to validate nutritional information, increase in prevalence of supplement use,.
The dietary supplement testing services market size is expected to see rapid growth in the next few years. It will grow to $4.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increasing consumer awareness, increasing influence of urbanization and modern lifestyles, growing demand for preventive healthcare solutions, increasing focus on quality and safety, increasing number of dietary supplement products. Major trends in the forecast period include ongoing technological advancements, strict regulations governing the dietary supplement, increasing importance of quality control, growing emphasis on safety and efficacy, adoption of innovative testing methodologies.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/dietary-supplement-testing-services-global-market-report
Segmentation & Regional Insights
The dietary supplement testing services market covered in this report is segmented –
1) By Service: Stability Testing, Analytical Testing, Microbiological Testing, Regulatory Testing And Compliance, Other Services
2) By Ingredient: Herbal, Vitamins, Minerals, Amino Acids, Enzymes, Other Ingredients
3) By Service Provider: Testing laboratories, Contract research organizations (CROs), Regulatory consultants, Other Service Providers
4) By End-User: Manufacturers, Contract manufacturers, Distributors, Regulatory bodies
North America was the largest region in the dietary supplement testing services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dietary supplement testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=12635&type=smp
Major Driver Impacting Market Growth
The increase in healthcare spending is expected to propel the growth of the dietary supplement testing services market going forward. Healthcare spending refers to the total amount of money spent on healthcare goods and services within a specific time. Healthcare spending are also allocated towards conducting safety and efficacy testing of dietary supplements. This includes funding research studies and clinical trials to evaluate the potential benefits and risks associated with specific dietary supplements, supporting the growth of the market. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, between 2020 and 2021, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. Furthermore, spending on preventive care was $45.72 billion in 2021, more than doubling from 2020. Therefore, the increase in healthcare spending is driving the growth of the dietary supplement testing services market.
Key Industry Players
Major companies operating in the dietary supplement testing services market report are Eurofins Scientific Pvt. Ltd., SGS S.A., Bureau Veritas S.A., Intertek Group PLC., UL LLC, TÜV SÜD, Element Materials Technology, ALS Limited, LGC Limited, NOW Foods, NSF International, Certified Laboratories Inc., United States Pharmacopeia (USP), Modern Testing Services, Applied Technical Services Inc., Merieux NutriSciences, Microbac Laboratories Inc., ChromaDex Corp., EAG Laboratories, Spectro Analytical Labs, Nutrasource Diagnostics Inc., Auriga Research Limited, Q Laboratories Inc., Pacific BioLabs Inc., Columbia Laboratories Inc., Advanced Laboratories Inc., ConsumerLab.com LLC, Purity-IQ Inc., Alkemist Labs, Flora Research Laboratories, Foodscan Analytics Limited
The dietary supplement testing services market report table of contents includes:
1. Executive Summary
2. Dietary Supplement Testing Services Market Characteristics
3. Dietary Supplement Testing Services Market Trends And Strategies
4. Dietary Supplement Testing Services Market – Macro Economic Scenario
5. Global Dietary Supplement Testing Services Market Size and Growth
.
.
.
31. Dietary Supplement Testing Services Market Other Major And Innovative Companies
32. Global Dietary Supplement Testing Services Market Competitive Benchmarking
33. Global Dietary Supplement Testing Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dietary Supplement Testing Services Market
35. Dietary Supplement Testing Services Market Future Outlook and Potential Analysis
36.Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
