Global Dietary Supplement Testing Services Market Size, Share, Opportunities, And Trends By Service Type (Stability Testing, Analytical Testing, Microbiological Testing, Regulatory Testing & Compliance, Others), By Ingredient (Vitamins, Amino Acids, Minerals, Others) And By Geography – Forecast From 2019 To 2024

Dietary Supplements are nutrients such as protein, vitamin,s 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. But the lack of safety and testing infrastructure in developing economies is expected to be a restraint for market growth. North America is expected to have a significant market share due to the considerable demand for food supplements in the region.

DRIVERS

Growing health awareness among people of all age groups

Rising concern about the safety and benefits of dietary supplements

RESTRAINT

Lack of safety and testing infrastructure in developing countries

INDUSTRY UPDATE

In July 2019, Laboratory-testing company Eurofins Scientific announced that it planned to slow its frantic dealmaking pace in the next two years while also expanding in emerging markets to maintain double-digit sales growth over the next decade.

Thermo Fisher Scientific Inc., the world leader in serving science, announced in June 2019 that it has completed the previously announced sale of its Anatomical Pathology business to PHC Holdings Corporation, a leading global healthcare company providing innovative solutions.

SEGMENTATION

The dietary supplement testing market has been analyzed through the following segments:

By service type

Stability testing

Analytical testing

Microbiological testing

Regulatory testing &compliance

Others

By ingredient

Vitamins

Amino Acids

Minerals

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others