Press release
Global Analytical Standards Market to Reach $2.4 Billion by 2029, Growing at 7.6% CAGR
Analytical Standards Market Size
The escalating worry among the public about the ideal safety and quality of food is anticipated to fuel the expansion of the analytical standards market in the forthcoming years. The ingestion of impure and tampered food made up of chemical compounds, harmful bacteria, parasites, and viruses results in more than 200 conditions, from diarrhoea to cancer. Techniques such as mass spectrometry and chromatography are commonly used by food testing labs to screen for spoilage and ensure the safety of food. For example, data from the World Health Organization, a Switzerland-based intergovernmental association, in May 2022 indicated that each year, 420,000 individuals die, and 600 million become sick from consuming tainted food. This accounts for about one in ten deaths worldwide and 33 million disease-avoidable life years (DALYs). Hence, escalating public worries about the ideal safety and quality of food are propelling the expansion of the analytical standards market.
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What is the future CAGR of the analytical standards market, and how will it impact industry expansion?
Over the past few years, there has been significant growth in the analytical standards market size. The value is predicted to increase from $1.68 billion in 2024 to $1.79 billion in 2025 reflecting a 6.8% compound annual growth rate (CAGR). Factors contributing to this historical growth include expanding emerging markets, rigorous regulations within the pharmaceutical industry, intensifying strict quality standards for drug manufacturers, worldwide growth of the pharmaceutical and biotechnology sectors, and the rise in acceptance of analytical methods in pesticide monitoring.
The market for analytical standards is predicted to experience robust expansion in the forthcoming years, reaching a value of $2.4 billion by 2029. The growth reflects a compound annual growth rate (CAGR) of 7.6%. The key factors propelling this growth over the predicted period include government backing, enhancements in healthcare infrastructure and expenditure, increased public awareness about optimal food safety and quality standards, a heightened regulatory focus on efficient pollution monitoring and control, and the expiration of patents for major pharmaceutical drugs. The major trends expected during this forecast period echo these growth drivers, contributing to the advancement of the analytical standards market.
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What are the most significant trends transforming the analytical standards market today?
Leading firms in the analytical standards market are prioritizing innovation in endotoxin testing solutions, including quicker and more precise monocyte activation tests (MAT), to amplify their proficiency, precision, and adherence to regulations in pharmaceutical and medical device safety testing. A swift and precise MAT is a lab test designed to identify endotoxins, like bacterial pyrogens, by assessing the response of monocytes to these materials. For instance, FUJIFILM Wako Chemicals (FUJIFILM Wako), an American manufacturer and distributor of chemical reactants, introduced two groundbreaking testing kits in June 2024. These are the LumiMAT Pyrogen Detection Kit, a rapid and highly sensitive in vitro pyrogen test using human NOMO-1 cells, and PYROSTAR Neo+, a protein reactant with improved sensitivity and less drug interference for identifying bacterial endotoxins. Both solutions provide an alternative to conventional testing procedures, greatly enhancing detection rates and dependability.
Which key market segments comprise the analytical standards market and drive its revenue growth?
The analytical standards market covered in this report is segmented -
1) By Type: Organic Standards, Inorganic Standards
2) By Technique: Chromatography, Spectroscopy, Titrimetry, Physical Property Testing
3) By Application: Bioanalytical Testing, Stability Testing, Raw Material Testing, Dissolution Testing, Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Other Applications.
4) By End User: Food And Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental, Pharmaceutical And Life Science Standards, Other End Users.
Subsegments:
1) By Organic Standards: Volatile Organic Compounds (VOCs), Pesticide Standards, Pharmaceutical Standards
2) By Inorganic Standards: Heavy Metal Standards, Mineral Standards, Ion Standards
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What regions are at the forefront of analytical standards market expansion?
North America was the largest region in the analytical standards market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the analytical standards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the analytical standards market?
Major companies operating in the analytical standards market include Merck KGaA, Agilent Technologies Inc, Thermo Fisher Scientific Inc, Waters Corporation, PerkinElmer Inc., Mallinckrodt, LGC Standards, Restek Corporation, GFS Chemicals Inc, RICCA Chemical Company, Spectro Analytical Labs, Takara Bio Inc, Shimadzu corporation, GL sciences Inc, Tosoh corporation, TCI chemicals, Cambridge Isotope Laboratories, Seron Technologies, Starna Scientific ltd, Bernd Kraft GmbH, VICI AG International, Armin, European Directorate for the Quality of Medicines & HealthCare (EDQM), Nanolek, Wessling Romania SRL, Anahem, Trilogy Europe B.V, Alpen Pharma AG, Spex Certiprep, Accustandard, Cayman Chemical Company, SGS, JLA Argentina, Galab Peru, NSF-INASSA, Huber group, Eurofins, Alicorp, Gulf Bio Analytical, GHP Testing & Calibration Lab, Lab Gulf, Industrial Analytical (Pty) Ltd, USP, Mettler-Toledo LLC, OI Corporation, Bruker Corporation
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What Is Covered In The Analytical Standards Global Market Report?
•Market Size Forecast: Examine the analytical standards market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the analytical standards market for a structured understanding.
•Key Players Overview: Analyze major players in the analytical standards market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the analytical standards market.
•Segment Contributions: Evaluate how different segments drive overall growth in the analytical standards market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the analytical standards market.
•Industry Challenges: Identify potential risks and obstacles affecting the analytical standards market.
•Competitive Landscape: Review strategic developments in the analytical standards market, including expansions, agreements, and new product launches.
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