Dietary Supplements are nutrients such as protein, vitamin 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.
Growing health awareness among people of all age groups
Rising concern about the safety and benefits of dietary supplements
Lack of safety and testing infrastructure in developing countries
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.
The dietary supplement testing market has been analysed through the following segments:
By service type
Regulatory testing &compliance
Middle East and Africa