The dietary supplement testing services market size has grown strongly in recent years. It will grow from $2.65 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The rise in the historical period can be credited to a heightened awareness of healthy foods and nutrition, a growing emphasis on an active lifestyle, an increased demand for dietary supplements, a greater need to validate nutritional information, and an upsurge in the prevalence of supplement use.
The dietary supplement testing services market size is expected to see rapid growth in the next few years. It will grow to $4.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the forecast period can be ascribed to rising consumer awareness, the growing impact of urbanization and modern lifestyles, an increased demand for preventive healthcare solutions, a heightened focus on quality and safety, and a growing array of dietary supplement products. Prominent trends expected in the forecast period encompass continual technological advancements, stringent regulations governing dietary supplements, an augmented emphasis on quality control, an increased focus on safety and efficacy, and the adoption of innovative testing methodologies.
The anticipated growth in the dietary supplement testing services market is expected to be propelled by an increase in healthcare spending. Healthcare spending denotes the overall expenditure on healthcare goods and services within a specified timeframe, and a portion of these expenditures is directed toward conducting safety and efficacy testing for dietary supplements. This involves financing research studies and clinical trials to assess the potential benefits and risks associated with specific dietary supplements, contributing to the market's expansion. For instance, a report published by the UK-based Office for National Statistics revealed a 9.4% increase in healthcare spending in the UK between 2020 and 2021, both in nominal and real terms. Notably, spending on preventive care reached $45.72 billion in 2021, more than doubling from the previous year. Hence, the rise in healthcare spending is a key driver of the growth in the dietary supplement testing services market.
The growth of the dietary supplement testing services market is expected to be fueled by the increasing geriatric population. The term 'geriatric population' refers to individuals who are elderly, typically aged 65 and older. As the aging body has distinct needs and sensitivities compared to younger individuals, dietary supplement testing services play a crucial role in identifying potential contaminants, interactions with medications, or inappropriate dosages that could pose risks to older adults. According to a report by The Administration for Community Living (ACL), a US-based entity under the United States Department of Health and Human Services, the population aged 65 and older witnessed a 36% increase, rising from 39.6 million in 2009 to 54.1 million in 2019. Projections indicate that this demographic will reach 94.7 million by 2060, surpassing 80.8 million by 2040 and constituting 21.6% of the total population, compared to 16% in 2019. Therefore, the expanding geriatric population serves as a driving force for the growth of the dietary supplement testing services market.
Major players in the dietary supplement testing services market are adopting a strategic partnership approach to introduce dietary supplements into new markets. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. An example is the partnership between HealthLoq, a US-based Blockchain-Powered Nutraceutical Information Platform, and UL Solutions, a US-based safety science company, announced in May 2022. This collaboration combines HealthLoq's blockchain-based transparency platform with UL's expertise in independent testing, inspection, and audit activities. The aim is to facilitate the launch of dietary supplements into new markets, ensuring manufacturers deliver quality and safety. The HealthLoq platform provides consumers with reliable, detailed information about specific nutraceutical products, contributing to the expansion of the dietary supplement testing services market.
The anticipated growth in the dietary supplement testing services market is expected to be driven by the increasing health consciousness. Health consciousness refers to the level of concern individuals have for actively maintaining their physical and mental well-being. As people become more aware of the potential health benefits of dietary supplements, there is a parallel increase in concern about their quality and safety. This surge in awareness leads to a higher demand for independent testing services to ensure that the supplements consumed are accurately labeled and free from harmful contaminants. For instance, a survey of 5,000 adults by Public Health England in January 2021 revealed that around 80% of adults over 18 have opted for a healthy lifestyle, with 40% choosing to eat healthily. Thus, the growing health consciousness is a key driver of the dietary supplement testing services market's growth.
In December 2021, Merieux Nutrisciences, a France-based food safety company, acquired Dyad Labs for an undisclosed amount. This acquisition expands Merieux's presence in the US and reinforces its position as a leading player in the dietary supplement sector. Dyad Labs, a US-based nutraceutical company, provides dietary supplement testing services for the food and beverage and nutraceutical sectors.
Major companies operating in the dietary supplement testing services market report are 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., United States Pharmacopeia (USP), 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.
North America was the largest region in the dietary supplement testing services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dietary supplement testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dietary supplement testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of services within dietary supplement testing services include stability testing, analytical testing, microbiological testing, regulatory testing and compliance, among others. Stability testing holds a pivotal role in the quality control of dietary supplements as it evaluates the product's physical, chemical, and microbiological stability over time and under various environmental conditions. These services cover testing for various ingredients, including herbal extracts, vitamins, minerals, amino acids, enzymes, and others. Service providers in this domain include testing laboratories, contract research organizations (CROs), regulatory consultants, and more. The end-users engaging these services encompass manufacturers, contract manufacturers, distributors, and regulatory bodies.
The dietary supplement testing services market research report is one of a series of new reports that provides dietary supplement testing services market statistics, including dietary supplement testing services industry global market size, regional shares, competitors with a dietary supplement testing services market share, detailed dietary supplement testing services market segments, market trends and opportunities, and any further data you may need to thrive in the dietary supplement testing services industry. This dietary supplement testing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dietary supplement testing services market includes revenues earned by entities by providing identity testing, purity testing, potency testing, dissolution testing, and residual solvent testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The dietary supplement testing services market size is expected to see rapid growth in the next few years. It will grow to $4.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the forecast period can be ascribed to rising consumer awareness, the growing impact of urbanization and modern lifestyles, an increased demand for preventive healthcare solutions, a heightened focus on quality and safety, and a growing array of dietary supplement products. Prominent trends expected in the forecast period encompass continual technological advancements, stringent regulations governing dietary supplements, an augmented emphasis on quality control, an increased focus on safety and efficacy, and the adoption of innovative testing methodologies.
The anticipated growth in the dietary supplement testing services market is expected to be propelled by an increase in healthcare spending. Healthcare spending denotes the overall expenditure on healthcare goods and services within a specified timeframe, and a portion of these expenditures is directed toward conducting safety and efficacy testing for dietary supplements. This involves financing research studies and clinical trials to assess the potential benefits and risks associated with specific dietary supplements, contributing to the market's expansion. For instance, a report published by the UK-based Office for National Statistics revealed a 9.4% increase in healthcare spending in the UK between 2020 and 2021, both in nominal and real terms. Notably, spending on preventive care reached $45.72 billion in 2021, more than doubling from the previous year. Hence, the rise in healthcare spending is a key driver of the growth in the dietary supplement testing services market.
The growth of the dietary supplement testing services market is expected to be fueled by the increasing geriatric population. The term 'geriatric population' refers to individuals who are elderly, typically aged 65 and older. As the aging body has distinct needs and sensitivities compared to younger individuals, dietary supplement testing services play a crucial role in identifying potential contaminants, interactions with medications, or inappropriate dosages that could pose risks to older adults. According to a report by The Administration for Community Living (ACL), a US-based entity under the United States Department of Health and Human Services, the population aged 65 and older witnessed a 36% increase, rising from 39.6 million in 2009 to 54.1 million in 2019. Projections indicate that this demographic will reach 94.7 million by 2060, surpassing 80.8 million by 2040 and constituting 21.6% of the total population, compared to 16% in 2019. Therefore, the expanding geriatric population serves as a driving force for the growth of the dietary supplement testing services market.
Major players in the dietary supplement testing services market are adopting a strategic partnership approach to introduce dietary supplements into new markets. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. An example is the partnership between HealthLoq, a US-based Blockchain-Powered Nutraceutical Information Platform, and UL Solutions, a US-based safety science company, announced in May 2022. This collaboration combines HealthLoq's blockchain-based transparency platform with UL's expertise in independent testing, inspection, and audit activities. The aim is to facilitate the launch of dietary supplements into new markets, ensuring manufacturers deliver quality and safety. The HealthLoq platform provides consumers with reliable, detailed information about specific nutraceutical products, contributing to the expansion of the dietary supplement testing services market.
The anticipated growth in the dietary supplement testing services market is expected to be driven by the increasing health consciousness. Health consciousness refers to the level of concern individuals have for actively maintaining their physical and mental well-being. As people become more aware of the potential health benefits of dietary supplements, there is a parallel increase in concern about their quality and safety. This surge in awareness leads to a higher demand for independent testing services to ensure that the supplements consumed are accurately labeled and free from harmful contaminants. For instance, a survey of 5,000 adults by Public Health England in January 2021 revealed that around 80% of adults over 18 have opted for a healthy lifestyle, with 40% choosing to eat healthily. Thus, the growing health consciousness is a key driver of the dietary supplement testing services market's growth.
In December 2021, Merieux Nutrisciences, a France-based food safety company, acquired Dyad Labs for an undisclosed amount. This acquisition expands Merieux's presence in the US and reinforces its position as a leading player in the dietary supplement sector. Dyad Labs, a US-based nutraceutical company, provides dietary supplement testing services for the food and beverage and nutraceutical sectors.
Major companies operating in the dietary supplement testing services market report are 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., United States Pharmacopeia (USP), 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.
North America was the largest region in the dietary supplement testing services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dietary supplement testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dietary supplement testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of services within dietary supplement testing services include stability testing, analytical testing, microbiological testing, regulatory testing and compliance, among others. Stability testing holds a pivotal role in the quality control of dietary supplements as it evaluates the product's physical, chemical, and microbiological stability over time and under various environmental conditions. These services cover testing for various ingredients, including herbal extracts, vitamins, minerals, amino acids, enzymes, and others. Service providers in this domain include testing laboratories, contract research organizations (CROs), regulatory consultants, and more. The end-users engaging these services encompass manufacturers, contract manufacturers, distributors, and regulatory bodies.
The dietary supplement testing services market research report is one of a series of new reports that provides dietary supplement testing services market statistics, including dietary supplement testing services industry global market size, regional shares, competitors with a dietary supplement testing services market share, detailed dietary supplement testing services market segments, market trends and opportunities, and any further data you may need to thrive in the dietary supplement testing services industry. This dietary supplement testing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dietary supplement testing services market includes revenues earned by entities by providing identity testing, purity testing, potency testing, dissolution testing, and residual solvent testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Dietary Supplement Testing Services Market Characteristics3. Dietary Supplement Testing Services Market Trends and Strategies32. Global Dietary Supplement Testing Services Market Competitive Benchmarking33. Global Dietary Supplement Testing Services Market Competitive Dashboard34. Key Mergers and Acquisitions in the Dietary Supplement Testing Services Market
4. Dietary Supplement Testing Services Market - Macro Economic Scenario
5. Global Dietary Supplement Testing Services Market Size and Growth
6. Dietary Supplement Testing Services Market Segmentation
7. Dietary Supplement Testing Services Market Regional and Country Analysis
8. Asia-Pacific Dietary Supplement Testing Services Market
9. China Dietary Supplement Testing Services Market
10. India Dietary Supplement Testing Services Market
11. Japan Dietary Supplement Testing Services Market
12. Australia Dietary Supplement Testing Services Market
13. Indonesia Dietary Supplement Testing Services Market
14. South Korea Dietary Supplement Testing Services Market
15. Western Europe Dietary Supplement Testing Services Market
16. UK Dietary Supplement Testing Services Market
17. Germany Dietary Supplement Testing Services Market
18. France Dietary Supplement Testing Services Market
19. Italy Dietary Supplement Testing Services Market
20. Spain Dietary Supplement Testing Services Market
21. Eastern Europe Dietary Supplement Testing Services Market
22. Russia Dietary Supplement Testing Services Market
23. North America Dietary Supplement Testing Services Market
24. USA Dietary Supplement Testing Services Market
25. Canada Dietary Supplement Testing Services Market
26. South America Dietary Supplement Testing Services Market
27. Brazil Dietary Supplement Testing Services Market
28. Middle East Dietary Supplement Testing Services Market
29. Africa Dietary Supplement Testing Services Market
30. Dietary Supplement Testing Services Market Competitive Landscape and Company Profiles
31. Dietary Supplement Testing Services Market Other Major and Innovative Companies
35. Dietary Supplement Testing Services Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Dietary Supplement Testing Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on dietary supplement testing services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for dietary supplement testing services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Eurofins Scientific Pvt. Ltd.; SGS S.A.; Bureau Veritas S.A.; Intertek Group PLC.; UL LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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.
- United States Pharmacopeia (USP)
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.91 Billion |
Forecasted Market Value ( USD | $ 4.33 Billion |
Compound Annual Growth Rate | 10.4% |
Regions Covered | Global |
No. of Companies Mentioned | 31 |