Global Dietary Supplement Testing Services Market Growth 2024, Forecast To 2033
8 Mar, 2024
The dietary supplement testing services market witnesses robust growth from $2.65 billion in 2023 to $2.91 billion in 2024, with a CAGR of 10.0%. This surge is attributed to rising consumer awareness, urbanization, and the growing demand for preventive healthcare solutions. Looking ahead, it's expected to soar to $4.33 billion by 2028, boasting a CAGR of 10.4%. Factors driving this growth include increasing emphasis on quality and safety, technological advancements, and the proliferation of dietary supplement products, amidst stringent regulatory standards and an evolving healthcare landscape.
Global Dietary Supplement Testing Services Market Key Driver
The dietary supplement testing services market is witnessing growth due to the increase in healthcare spending. Healthcare spending in the UK rose by 9.4% in 2021, driving investment in safety and efficacy testing of dietary supplements.
Get A Free Sample Of The Global Dietary Supplement Testing Services Market ReportGlobal Dietary Supplement Testing Services Market Segments
The dietary supplement testing services market covered in this report is segmented –
1) Service:Stability Testing, Analytical Testing, Microbiological Testing, Regulatory Testing And Compliance, Other Services
2) Ingredient:Herbal, Vitamins, Minerals, Amino Acids, Enzymes, Other Ingredients
3) Service Provider:Testing laboratories, Contract research organizations (CROs), Regulatory consultants, Other Service Providers
4) End-User:Manufacturers, Contract manufacturers, Distributors, Regulatory bodies
By Geography: The countries covered in the dietary supplement testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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
Major Dietary Supplement Testing Services Industry Players
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
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Dietary Supplement Testing Services Market Overview
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.