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Nutritional, Vitamin & Food Supplement Analytical Services Market Segmentation by Testing Type (Adulteration Testing, Additive Testing, Microbiological Testing, and Contaminants Testing); by Technology (LC-MS/MS, FTIR, GC-MS, ICP, HPLC, Systonic Ultrasonic Cleaner, and Others); by Food Type (Dairy Products, Fat & Fat Emulsions, Fruit & Vegetable Products, Cereals & Cereal Products, and Others) – Global Demand Analysis and Opportunity Outlook 2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Nutritional, Vitamin & Food Supplement Analytical Services Market Highlights 2020-2029

The nutritional, vitamin & food supplement analytical services market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029, on account of growing consumer awareness associated with personal health and wellbeing. The growth of the market can also be attributed to factors such as the increasing working population worldwide struggling to fulfil the daily nutrient requirements on the back of hectic work schedules and changing lifestyle at a global level. According to the data collected from the World Bank, in 2018, the estimated working population was 3.42 billion which gradually increased in 2019, accounted to over 3.46 billion working population worldwide.

Food Supplement Analytical

The market is segmented on food type into dairy products, fat & fat emulsions, fruit & vegetable products, cereals & cereal products, meat & meat products, fish & fish products, sweets & confectionery products, sweetening agents, salt & spices, beverages, and others, out of which, the meat and meat products segment is anticipated to dominate the global market. Moreover, the fruit & vegetable products segment is attributed to grow at a moderate rate owing to many outbreaks of food-borne illness at a global level.

On the basis of testing type, the microbiological testing segment in the global nutritional, vitamin & food supplement analytical services market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that it helps in detecting the microorganisms in edible food products including acid-resistant micro-organisms, heat-resistant microorganisms and faecal contamination using biological, chemical, biochemical and molecular methods, providing accurate results concerning their composition.

Nutritional, Vitamin & Food Supplement Analytical Services Market Regional Synopsis

On the basis of geography, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing prevalence of food-related allergies among consumers across the region. Furthermore, in 2021, the market in Europe is evaluated to occupy the largest market share in terms of revenue on account of efforts undertaken by concerned agencies regarding the safety of edible products in the region. Along with this, North America also leads in terms of strengthening nutritional, vitamin, and food supplement analytical services, which is also expected to contribute to the market growth in the region. Alternatively, the market in the region is also anticipated to occupy a significant share owing to the norms mandated by the Food and Drug Administration (FDA) in the U.S. Additionally, the market in Latin America has a steady demand for such analytical services due to the growing consumption of packaged and processed edible products. The region was impacted severely due to JBS’s meat scandal in Brazil, which is attributed to result in the enforcement of strict government regulations across the country, resulting in the growth of the marketCLICK TO DOWNLOAD SAMPLE REPORT

Food Supplement Analytical Services

The global nutritional, vitamin & food supplement analytical services market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global nutritional, vitamin & food supplement analytical services market includes the following segments:

By Testing Type

  • Adulteration Testing
  • Food Additive Testing
  • Microbiological Testing
  • Contaminants Testing

By Technology

  • LC-MS/MS
  • FTIR
  • GC-MS
  • ICP
  • HPLC
  • Systonic Ultrasonic Cleaner
  • CHNSO
  • Spectrophotometer
  • Butyro Refractometer
  • Others

By Food Type

  • Dairy Products
  • Fat & Fat Emulsions
  • Fruit & Vegetable Products
  • Cereals & Cereal Products
  • Meat & Meat Products
  • Fish & Fish Products
  • Sweet & Confectionery Products
  • Sweetening Agents
  • Salt & Spices
  • Beverages
  • Others

Growth Drivers

  • Growing awareness associated with personal health and wellbeing
  • Increasing working population

Challenges

  • Substitution threat from functional foods

Top Featured Companies Dominating the Market

  • SGS SA
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • MediPharm Labs
  • Pluton Biosciences, Inc
  • Barrow-Agee Laboratories
  • NUTRASCIENCE LABS
  • BRS Lab Services
  • JordiLabs, LLC
  • Merieux NutriSciences
  • Chromaceutical Advanced Technologies, Inc.
  • Symbio Laboratories

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