Dietary Supplement Testing Service Trends and Forecast
The future of the global dietary supplement testing service market looks promising with opportunities in the analytical testing, microbiological testing, and regulatory testing & compliance markets. The global dietary supplement testing service market is expected to grow with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increasing rates of chronic lifestyle disorders include diabetes, obesity, and cardiovascular disease, expanding number of people who are concerned about their health and the rise of chronic illness, as well as, growing consumer awareness regarding the importance of product safety and quality.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dietary Supplement Testing Service by Segment
The study includes a forecast for the global dietary supplement testing service by product, application, and region.
Dietary Supplement Testing Service Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Vitamins
• Amino Acids
• Minerals
• Other
Dietary Supplement Testing Service Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Analytical Testing
• Microbiological Testing
• Regulatory Testing & Compliance
• Others
Dietary Supplement Testing Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dietary Supplement Testing Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dietary supplement testing service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dietary supplement testing service companies profiled in this report include-
• ALS
• Eurofins Scientific
• Foodscan Analytics
• Spectro Analytical Labs
• Intertek
• LGC
• Modern Testing Service
Dietary Supplement Testing Service Market Insights
Lucintel forecasts that vitamins is expected to witness highest growth over the forecast period because vitamin-based supplements are available in several different product forms.
Within this market, microbiological testing will remain the largest segment due to change in the ability of the test to reduce the time from 8-10 days to 1-2 days.
North America is expected to witness highest growth over the forecast period due to growing usage of dietary supplements, the presence of multiple supplement producers, and stringent FDA restrictions.
Features of the Global Dietary Supplement Testing Service Market
Market Size Estimates: Dietary supplement testing service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dietary supplement testing service market size by product, application, and region in terms of value ($B).
Regional Analysis: Dietary supplement testing service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the dietary supplement testing service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dietary supplement testing service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for dietary supplement testing service market?
Answer: The global dietary supplement testing service market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the dietary supplement testing service market?
Answer: The major drivers for this market are increasing rates of chronic lifestyle disorders include diabetes, obesity, and cardiovascular disease, expanding number of people who are concerned about their health and the rise of chronic illness, as well as, growing consumer awareness regarding the importance of product safety and quality.
Q3. What are the major segments for dietary supplement testing service market?
Answer: The future of the global dietary supplement testing service market looks promising with opportunities in the analytical testing, microbiological testing, and regulatory testing & compliance markets.
Q4. Who are the key dietary supplement testing service market companies?
Answer: Some of the key dietary supplement testing service companies are as follows:
• ALS
• Eurofins Scientific
• Foodscan Analytics
• Spectro Analytical Labs
• Intertek
• LGC
• Modern Testing Service
Q5. Which dietary supplement testing service market segment will be the largest in future?
Answer: Lucintel forecasts that vitamins is expected to witness highest growth over the forecast period because vitamin-based supplements are available in several different product forms.
Q6. In dietary supplement testing service market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing usage of dietary supplements, the presence of multiple supplement producers, and stringent FDA restrictions.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dietary supplement testing service market by product (vitamins, amino acids, minerals, and other), application (analytical testing, microbiological testing, regulatory testing & compliance, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dietary Supplement Testing Service Market, Dietary Supplement Testing Service Market Size, Dietary Supplement Testing Service Market Growth, Dietary Supplement Testing Service Market Analysis, Dietary Supplement Testing Service Market Report, Dietary Supplement Testing Service Market Share, Dietary Supplement Testing Service Market Trends, Dietary Supplement Testing Service Market Forecast, Dietary Supplement Testing Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.