In accordance with this study, the Global Dietary Supplement Testing Services Market value registered in 2022 was close to USD 22.52 BN and is predicted to outstretch revenue by USD 44.5 BN in 2030 with a CAGR of 8.89% during the period of 2023-2030.
Dietary supplement testing services are the services that tests impurities in the raw materials and finished products. It also assesses supplement regulation, authenticates supplement product performance, and ensures supplement quality. Supplement testing services include analytical testing, chemical testing, claims testing, microbiological testing, regulatory testing & compliance, and stability testing. Such methods help to mitigate risks by determining the adulteration and, also helps to enhance the grade of supplements.
Market Dynamics
The increasing concerns regarding counterfeit dietary supplements are stimulating the growth of the dietary supplement testing services market. Moreover, increasing demand for dietary supplements in the fitness industry is pushing supplements companies to check for quality standards, which in turn boosting the market growth. However, the availability of substitutes such as functional foods over dietary supplements is likely to hamper the market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of dietary supplement testing services.
Market Segmentation
The study offers a decisive view of the global dietary supplement testing services market by segmenting it in terms of method and ingredients. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Product
- Vitamins
- Amino Acids
- Minerals
- Other
By Application
- Analytical Testing
- Microbiological Testing
- Regulatory Testing & Compliance
- Others
Regional Analysis
This section covers Dietary Supplement Testing Services market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global dietary supplement testing services market along with the individual application segment across all the prominent region.
Global Dietary Supplement Testing Services Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Dietary Supplement Testing Services market are ALS Limited, Eurofins Scientific, Foodscan Analytics Limited, Spectro Analytical Labs, Intertek Group Plc, LGC Limited, Modern Testing Service India, NSF International, Bureau Veritas, TÜV SÜD, SGS SA, and UL LLC. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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