Press release
Healthcare Spending Drives Di*etary Supplement Testing Market: Powering Innovation and Expansion in the Global D*ietary Supplement Testing Services Market by 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Di*etary supplement Testing Services Market Through 2025?
The market for di*etary supplement testing services has experienced robust expansion lately, projected to increase from its 2024 valuation of $2.93 billion to $3.18 billion in 2025, representing an 8.8% compound annual growth rate. This upward trajectory during the earlier period stems from several factors: better public understanding regarding nutritious eating and general wellness, the rising prominence of physically active living, escalating consumer demand for various di*etary supplements, a growing necessity to verify the accuracy of nutritional labeling, and a higher incidence of supplement consumption among the population.
What's the Projected Size of the Global Di*etary supplement Testing Services Market by 2029?
The global market for testing services related to di*etary supplements anticipates substantial expansion in the approaching years, projecting a valuation of $4.51 billion by 2029, underpinned by a compound annual growth rate (CAGR) settling at 9.1%. This upward trajectory throughout the projection timeframe stems from several key factors, including heightened consumer knowledge, the pervasive impact of urbanization and contemporary living patterns, the escalating need for proactive health maintenance approaches, greater attention paid to product integrity and security, alongside the proliferation of various di*etary supplement offerings. Principal developments expected to shape this market during the forecast period encompass continuous progress in technology, rigorous compliance mandates affecting di*etary supplements, the rising significance placed on stringent quality checks, mounting pressure to confirm both safety and effectiveness, and the integration of novel techniques for analysis.
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Top Growth Drivers in the Di*etary supplement Testing Services Industry: What's Accelerating the Market?
Future expansion within the di*etary supplement testing services sector is anticipated to be driven by a rise in overall expenditure on healthcare, which encompasses the complete financial outlay for both medical goods and services during a defined period, including resources dedicated to establishing the safety and effectiveness of these supplements via research and clinical evaluations of their potential advantages and drawbacks, thus fueling market momentum; for example, data released in May 2023 by the UK's Office for National Statistics indicated a significant 5.6% year-over-year climb in UK healthcare spending from 2022 to 2023, a notable acceleration from the preceding year's 0.9% rise, culminating in a total UK healthcare expenditure approximating $317.63 billion (or £292 billion) for 2023, consequently demonstrating how amplified healthcare budgets directly contribute to the advancement of the di*etary supplement testing market.
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What Trends Will Shape the Di*etary supplement Testing Services Market Through 2029 and Beyond?
Leading entities within the di*etary supplement assessment sector are increasingly favoring strategic alliances as a method for introducing their nutritional products across novel geographical areas, with such collaborations involving firms capitalizing on one another's core competencies and assets to realize shared gains and outcomes. A notable illustration of this trend occurred in May of 2022 when HealthLoq, an American firm offering a Blockchain-Powered Nutraceutical Information Platform, formed an association with UL Solutions, a United States-based corporation specializing in safety science; this joining of forces integrates HealthLoq's blockchain system for transparency with UL's proficiency in impartial assessment, auditing, and inspection processes, thereby facilitating a smoother market entry for di*etary supplements while simultaneously offering end-users verifiable, comprehensive details about particular nutraceutical items via the HealthLoq interface, ultimately fueling expansion within the market for di*etary supplement testing services.
What Are the Main Segments in the Di*etary supplement Testing Services Market?
The di*etary supplement testing servicesmarket covered in this report is segmented -
1) By Service: Stability Testing; Analytical Testing; Microbiological Testing; Regulatory Testing And Compliance; Other Services
2) By Ingredient: Herbal; Vitamins; Minerals; Amino Acids; Enzymes; Other Ingredients
3) By Service Provider: Testing laboratories; Contract Research Organizations (CROs); Regulatory consultants; Other Service Providers
4) By End-User: Manufacturers; Contract manufacturers; Distributors; Regulatory Bodies
Subsegments:
1) By Stability Testing: Shelf-Life Testing; Accelerated Stability Testing; Real-Time Stability Testing
2) By Analytical Testing: Nutritional Analysis; Ingredient Identification; Potency Testing; Heavy Metals Testing
3) By Microbiological Testing: Pathogen Testing; Total Plate Count; Yeast And Mold Testing; Specific Microbial Testing
4) By Regulatory Testing And Compliance: Labeling Compliance; GMP Compliance Testing; FDA Submission Support
5) By Other Services: Custom Testing Services; Method Development And Validation; Consultation Services
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Which Top Companies are Driving Growth in the Di*etary supplement Testing Services Market?
Major companies operating in the di*etary supplement testing services market include 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., 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
Which Regions Will Dominate the Di*etary supplement Testing Services Market Through 2029?
North America was the largest region in the di*etary supplement testing services market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the di*etary supplement testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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