Press release
Dietory Supplement Testing Services Market is projected to reach USD 3.1 Billion by 2027, growing at a CAGR of 7.9% during the forecast period of 2021-2027
dietory Testing Services Market
The market analysis covers the period from 2021 to 2027, with 2021 as the base year. The market size for 2021 is based on actual figures and data collected from key companies and major players worldwide. The forecast takes into account the previous five-year trends and considers the impact of the COVID-19 pandemic on the market, including the effects of lockdown measures.
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What are Market Dynamics?
The increasing healthcare spending, growing population, and rising interest in preventive healthcare and diet-based health are driving the growth of the market. The demand for energy and weight management supplements is on the rise due to the growing number of fitness facilities, health clubs, and gyms, as well as increased awareness among young people. Additionally, the acceptance of sports as a profession is expected to fuel the demand for sports nutrition supplements. However, stringent regulations on health benefit claims and labeling pose challenges to the market.
One of the major restraints of the market is the lack of safety and testing infrastructure in developing countries. The closure of gyms, clubs, and restaurants during the pandemic-induced lockdowns has also directly affected the market growth in 2021
What are Market regional insights:
North America dominated the global market in 2021, holding a revenue share of 35.7%. The region's high urbanization, spending power, and increasing awareness of supplement consumption are driving the demand for testing services. Meanwhile, the Asia-Pacific region is projected to witness substantial growth during the forecast period, primarily driven by the growing consumer base in countries such as India, China, and South Korea. Increased per capita income and awareness about health-enhancing products are expected to drive market demand in the region.
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What is Market Segmentation?
by Methods
• Service Type
• Stability Testing
• Analytical Testing
• Microbiological Testing
• Regulatory Testing & Compliance
• Others
by Ingredient
• Vitamins
• Amino Acids
• Minerals
• Others
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Who are Market Key Players?
• ALS Limited
• Eurofins Scientific
• Foodscan Analytics Limited
• Intertek Group Plc
• LGC Limited
• NSF International
• SGS SA
• UL LLC
• NSF International
• Spectro Analytical Labs
• Modern Testing Service India
• Herbalife Nutrition
• Arkopharma Laboratories
• Bayer
• Glanbia
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Table of content for the Market includes:
1. Global Market : Research Methodology
2. Global Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Market : Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Market Segmentation
• Global Market, by Methods (2021-2029)
• Global Market, by Ingredient (2021-2029)
5. Regional Market (2021-2029)
• Regional Market, by Methods (2021-2029)
• Regional Market, by Ingredient (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ https://www.maximizemarketresearch.com/market-report/global-dietary-supplement-testing-services-market/114252/
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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